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Aetna, Cleveland Clinic-backed startup to make use of blockchain on interoperability

Aetna, Cleveland Clinic, Healthcare Service Corp. and a number of other different firms are backing a brand new enterprise geared toward utilizing blockchain know-how to make healthcare extra environment friendly.

The transfer builds off rising curiosity by {industry} leaders in blockchain’s potential to enhance interoperability and transparency in care networks.

Aetna and HCSC paired with IBM and PNC Financial institution to create an “inclusive blockchain community” in a position to alternate healthcare data extra effectively in early 2019. Their new enterprise introduced on Wednesday, known as Avaneer Well being, is a standalone utility community born from that initiative.

Avaneer Well being is an “open and safe community” utilizing blockchain to take away a number of the burdens related to transferring knowledge between payers and suppliers. The accomplice firms hope Avaneer can use their overlapping buyer bases to seek out options to pointless prices and inefficient fee processing—two areas difficult the

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