We now know that many legacy medical delivery models fail to act in the best interest of patients. In fact, research from the Mayo Clinic suggests that 20 percent of patients around the world are misdiagnosed. And, according to a Cancer Research U.K. study, over half of all cancer patients are diagnosed too late.
These trends have been attributed to a lack of transparency among specialists, thwarted access to technology, poor communication and a lack of standardization and case-relevant information exchange.
One company intent on disrupting the prevailing healthcare system that has fostered such malignancies is TrustedHealth. After transforming cancer treatment through Trustedoctor, TrustedHealth looks to revolutionize healthcare by connecting patients, medical practitioners and the entire healthcare ecosystem on a global scale. To achieve this revamp of our existing healthcare system, TrustedHealth aims to completely digitize and decentralize data (information and money) exchange by way of blockchain technology.
Greg Jarzabek, founder and CEO of TrustedHealth, was inspired to create a blockchain-based application to healthcare by his mother’s battle with pancreatic cancer.
“In the months leading up to her passing, I flew around the world in pursuit of the most accurate diagnosis and effective treatment. I realized that our medical expertise is tremendously fragmented, and some of the most proficient practitioners in the world are completely inaccessible to the people who need them most. TrustedHealth brings a tokenized approach to empower patient access to the best medical care anywhere — all digitally and securely on the blockchain.”
Connecting the Dots in Healthcare
TrustedHealth has committed to ensuring that patients receive the correct information for their condition by connecting them directly with the appropriate specialists. This will be achieved through detailed research, matching patients to appropriate specialists and providing access to critical clinical knowledge.
In the spirit of radically improved health outcomes, TrustedHealth seeks to connect the dots among the myriad stakeholders through the healthcare ecosystem including hospitals, healthcare centers, diagnostic labs, pharmacies, insurance organizations, research institutions and patient organizations.
The blockchain-powered ecosystem will enable virtual conversations and knowledge sharing within its community of patients, world leading doctors and specialists, caretakers and others, while simultaneously gathering vast amounts of data for use in fostering research around the improvement of specific conditions.
A defining feature of TrustedHealth’s organization is that it developed from an earlier project called Trustedoctor, a virtual platform that allows cancer patients the opportunity to get second opinions from the world’s leading provider specialists from around the world through virtual consultations. TrustedHealth’s connection to Trustedoctor means that the project has pre-established networks, proven success and world class physician specialists from various fields available.
New Network on the Block
The network has over 80 doctors from 40 hospitals across the globe, encompassing a resource community of collaborating specialists for more than 250 patients.
Now, TrustedHealth is ushering in the use of the blockchain to empower patients by enabling them to tap into the expertise of physicians from across the world through a decentralized network that can better support collaborative healthcare experiences and data security within the ecosystem.
“We want to empower everyone, everywhere with knowledge and access to the best medical care in specialised medicine,” said Jarzabek. “Our goal is to source the best methodologies for delivering improved health outcomes, ensuring that these are accessible to patients all over the world.”
The Health Token
TrustedHealth’s efforts for a cohesive blockchain-based ecosystem at the transaction level have taken shape as a digital token called the Health Token. Health Tokens represent units of value exchange within the TrustedHealth ecosystem and are issued on the public Ethereum blockchain as ERC20. This model allows for a comprehensive network of services which identify best methodologies to delivering the highest quality healthcare for patients worldwide who possess life-threatening diseases.
Using the Ethereum blockchain will allow for the deployment of smart contracts within the TrustedHealth network. This will allow:
- Peer-to-peer payments (direct patient to doctor payment execution)
- Lower fees
- Instant settlement
- Increased security
- Payment automation
Health Tokens function as an engagement reward coin that provides access rights and subsidized rates on healthcare products and services on the platform. Within a limited supply, every contribution above 50 ETH will secure users a HealthPass. The HealthPass acts as an access to a health insurance plan data stored within an Ethereum wallet.
A HealthPass registered Ethereum address allows consumers to access premium services within the network of service providers. Ultimately, this use of one currency and method of payment will ensure that the care-delivery process remains seamless and accessible for users.
The TrustedHealth token sale will begin with a pre-sale at 12:00 CET on March 20, 2018. The crowdsale will follow on March 27, 2018. While there is no minimum contribution required during the crowdsale, there is a minimum during the presale of 1 ETH.
Note: Trading and investing in digital assets is speculative and can be high-risk. Based on the shifting business and regulatory environment of such a new industry, this content should not be considered investment or legal advice.