Quest Diagnostics Fosters Interoperability as Blockchain Comes to Healthcare
Mason, OH – May 25, 2018 – There’s been a lot of hype surrounding blockchain technology. It’s being applied to many industries, from finance to healthcare. But blockchain isn’t merely the latest hot topic. People are taking it seriously. And it’s predicted that it can play a role in the future of healthcare IT.
Blockchain has become immensely useful when loosely coupled organizations want to confidently share and audit information while automating mutually beneficial processes.
Recently, Quest Diagnostics announced it was joining other healthcare organizations, including Humana, MultiPlan, United Health Group’s Optum, and United Healthcare, in launching a pilot program to apply blockchain technology to improve data quality and reduce administrative costs associated with changes to healthcare provider demographic data: a critical, complex, and difficult issue facing organizations across the healthcare system.
Many managed care organizations, health systems, physicians, diagnostic information service providers, and other health care stakeholders typically maintain separate copies of healthcare provider data. This can result in time-intensive and expensive reconciliation processes when differences arise. The pilot program aims to examine how sharing data across healthcare organizations using blockchain can improve data accuracy, streamline administration, and improve access to care.
But that’s only one application, and we’re just getting started. There are many more ways of applying blockchain in this industry. Join Quest Diagnostics on June 12, 2018 at 2:00 PM ET for the webinar, Blockchain in healthcare: Why it matters, as Quest CIO Lidia Fonseca explores this topic further.
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About Quest Diagnostics
Quest Diagnostics empowers people to take action to improve health outcomes. Derived from the world’s largest database of clinical lab results, our diagnostic insights reveal new avenues to identify and treat disease, inspire healthy behaviors and improve health care management. Quest annually serves one in three adult Americans and half the physicians and hospitals in the United States, and our 45,000 employees understand that, in the right hands and with the right context, our diagnostic insights can inspire actions that transform lives. www.QuestDiagnostics.com.