Blockchain in Medicaid

Last week, I attended a Women in Healthcare – DC event titled “Blockchain in Healthcare.”  While I was familiar with blockchain through Bitcoin and Dogecoin, I had never devoted much time to considering possible applications to healthcare.  The presentation and discussion were led by:

  • Jeremy Epstein, CEO of Never Stop Marketing, who works with top-funded blockchain companies, such as OpenBazaar and Storj
  • Jody Ranck, author of “Connected Health: How Mobiles, Cloud Computing and Big Data will Reinvent Healthcare” and “Disruptive Cooperation in Digital Health” and chair of the upcoming Healthcare Blockchain Summit
  • Jason Goldwater, Senior Director at the National Quality Forum

Coming out of the event, my mind was racing with the potential applications to Medicaid, particularly program integrity.  Stay tuned for my thoughts on how blockchain could:

  • Improve quality of care and application experience for Medicaid participants
  • Reduce administrative costs
  • Reduce wasteful medical / long term care costs
  • Minimize administrative burden on providers (which could potentially lead to a larger pool of Medicaid providers and greater access to services for Medicaid participants)
  • Significantly decrease the length of time it takes to pay providers

In the meantime, this article provides a good overview, including a video, of what blockchain is (and is not).

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