Healthcare Focussed Blockchain Releases White Paper, Token Sale to Come
Global decentralized health platform MintHealth™ has announced the release of its associated white paper – ‘Aligning Stakeholders in a New Healthcare Ecosystem’ – ahead of a planned Vidamint token sale planned for Q1 of 2018. The company has also announced the addition of Wyche “Tee” Green, III, founder and director of Greenway Health™, to the MintHealth Board of Directors.
The two key issues that MintHealth aims to tackle are the lack of a patient-controlled health record that can be shared with key stakeholders, and an incentive model to promote proactive patient behaviours to combat increasing chronic disease related healthcare costs. MintHealth’s patient-controlled health record is to include key laboratory, medication, diagnosis, care plan, complex medical imaging, patient generated behaviour data, and key vital signs generated outside of the clinic including weight, blood pressure, sleep, stress levels, glucose, and others. The platform takes information from electronic health record systems, as well as from all personal sources of patient-generated data including web, mobile apps and connected devices. Permissions for data access will be granted by patients via smart contracts embedded in the blockchain.
Access to the data will be able to be released to various audiences, including doctors, health systems, health coaches, case managers, family and friends, in order build awareness around chronic conditions in a patient-centred manner. There will be incentives for patients to use the platform and to complete key training, education, and care plan modules in exchange for Vidamint tokens, which will be redeemed for insurance premium reductions, prescription refills, and discounts on various health and wellness brands.
Dr. Samir Damani, MD, PharmD, FACC, co-founder and CEO of MintHealth, explained: “We have seen repeatedly that financial incentives for patients and doctors drive better outcomes and sustained patient engagement. It’s time now to combine this concept with a platform that can execute both the incentive model and the self-sovereign health record. We’re bringing together more than 100 years of domain expertise, existing intellectual property, and trade secrets to make the promise of personalized health a reality,”
Co-founder and president of MintHealth, Dr. Vishal Verma added: “Based on decades of experience as a healthcare practitioner, I’ve experienced first-hand how these silos prevent us from providing the best possible healthcare. Blockchain technology breaks down those walled data repositories. Patient info will no longer be solely embedded in one system’s EHR. We will give patients ownership of their medical data and make it accessible and interoperable in a secure way. The MintHealth PHR will seamlessly move between patient and provider data silos providing total interoperability where any physician can access a patient’s complete medical data from all his/her other providers at the time of care.”
A MintHealth mobile app is designed to promote proactive behaviour through informed, active patient engagement, gamification, social support, and financial incentives. Once a behaviour is assigned to a patient, the Vidamints assigned as an incentive will reside in an escrow vault smart contract and be delivered to the patient’s wallet upon successful completion of each behaviour.
Across the MintHealth ecosystem, Vidamints will be used for:
•Incentivizing healthy behaviours and patient-controlled sharing of data for research by academic and research organizations, as well as pharmaceutical, medical device, and other life science companies.
•Establishing the patient self-sovereign health identity and record.
•Compensating a providers success in improving their patient population’s health.
•Powering ecosystem redemption including insurance premium reductions, prescription copays, gym memberships, health foods, among other health and wellness brands.
•Enabling patient governance & voting.
Wyche “Tee” Green, III, an authority on healthcare reform, was recently appointed to MintHealth’s Board of Directors. He is a founder and director and former CEO of Greenway Health™, where he served in leadership roles since its founding in 1998. Greenway Health’s electronic health record (EHR) solutions are deployed at medical groups, clinics and enterprises across the U.S., where they’re used to improve patient care and to manage their financial and administrative processes more efficiently.
Tee Green remarked: “The true revolution in healthcare will come when information is finally freed to be used to manage chronic care in a more advanced, consumer-driven way. That is the killer strategy for improving the healthcare system. There’s nothing we’ve done to date with the technology infrastructure to allow patients to be engaged in the process. Blockchain-based solutions like MintHealth will help usher in a much needed era of data liquidity, at a massive scale, that puts the patient in control to improve health. I’m thrilled at the opportunity to join the board and contribute to their ambitious vision.”