Change Healthcare Launch Raises Questions About Blockchain Scalability

Healthcare technology vendor Change Healthcare has introduced a blockchain-based network focused on managing claims. Change says its Intelligent Healthcare Network is the first enterprise-scale blockchain network in healthcare. According to the vendor, using technology will let organizations track the status of claims submission and remittance across the claims lifecycle accurately. It also contends that by using blocking technology in Intelligent Healthcare Network, companies will have a greater ability to audit trace and trust those involved in transactions. To build out its blockchain infrastructure, Change Healthcare used Hyperledger Fabric 1.0, an open source blockchain framework hosted by The Linux Foundation. Within the release, the company predicts that blockchain technology could ultimately offer providers a single viewpoint for accurately tracking the complete patient healthcare encounter, starting, say, when an individual arrives for a preoperative visit to the procedure care received, then later billing and payment. All of that is well and good, but the following is more noteworthy. In its statement, Change says its Intelligent Healthcare Network already processes more than 50 million claims and up to 550 transactions per second. It says that the capacity and speed of its network already exceeds the daily national transaction load, and that its network can scale as blockchain technology use grows. Still, Change tells us that it will be building out its apparently ...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: EHR Electronic Health Record Electronic Medical Record EMR Health Insurance Exchanges Healthcare Business HealthCare IT Blockchain Scalability Change Healthcare Enterprise Blockchain Hyperledger 1.0 Intelligent Healthcare Network N Source Type: blogs