BLOCKCHAIN
THE NEXT BIG HEALTHCARE
TECHNOLOGY INNOVATION
11 VENDORS SHAKING UP THE INDUSTRY
PAYMENTS, PAYER CONTRACTS &
POPULATION HEALTH
OCTOBER 2017
11 Blockchain Companies shaking up the Healthcare Provider & Payer Industries
Published October 2017
Black Book Survey, Q3 2017
Healthcare Industry interest in Blockchain is heating up
Black Book conducted a Q3 survey of 88 healthcare payers and 276 provider technology executives, managers and
IT specialists to deliver a better comprehension of current and planned enterprise deployment of blockchain
Solutions.
The survey also pursed to measure the level of organizational investment in healthcare blockchain technology and
ascertain which companies are considered as having the strongest healthcare industry expertise and credentials.A
blockchain is an open, continuous, and secure ledger stored online that can't be altered. Users can transactions on
blockchain and share information among multiple stakeholders, recording transactions between parties efficiently
and in a verifiable, permanent way.
FINDINGS
An Understanding of Healthcare Blockchain has developed dramatically
Black Book determined that 19 percent of responding hospital executives and 76 percent of payers were either
considering deploying, or were in the process of implementing some blockchain solution sets.
This striking swell in blockchain awareness was marked by 29 percent of hospital leaders and 82 percent of health
insurance executives having a working understanding of blockchain in Q3. Actual breaches and cyber security events
have boosted CIO readiness significantly as compared to last year’s survey.Executive blockchain education has
shifted from Blockchain 101 to selecting the appropriate healthcare blockchain technology protocols.
93 percent of managed care organization respondents and 70 percent of hospital respondents report respectively
that blockchain shows soaring promise for healthcare interoperability.
90 percent of medical group managers and IT specialists agree that blockchain may resolve and expedite most concerns
of connectivity, privacy and patient record sharing.
The most popular strategy circulating among health care technologists, and even ONC, is blockchain technology. A
lack of technical standards for a still-immature technology is causing regulatory uncertainty while the industry
anticipates explanations from federal rules at some point in 2018.
Interoperability enabled by blockchain has the capability to transfer relevant patient data from one provider to
another no matter the location or the providers’ particular EHR.
11 Blockchain Companies shaking up the Healthcare Provider & Payer Industries
Published October 2017
Other healthcare IT applications of interest include:
Healthcare Blockchain Integrations to skyrocket in 2018
Black Book found that 98 percent of survey-responding payers with plans of 500,000+ members are actively considering
deploying or were in the process of deploying blockchain with 14 percent are involved in trial deployments in some
form currently.
70 percent of all size payer organizations expected blockchain to be integrated into their systems by Q1 2019 but only
9 percent of provider health organizations and systems have firm plans to implement Blockchain by Q2 2018.
The undetermined cost of blockchain solutions causes 88 percent of provider leadership respondents from committing
to a time frame or anticipated deadline for deploying the technology.
11 Blockchain Companies shaking up the Healthcare Provider & Payer Industries
Published October 2017
Eleven vendors boast the strongest healthcare credentials
Based on research and recommendation of both providers and payers considering blockchain initiatives in 2018, Black
Book respondents who were either deploying, or considering implementing blockchain, we instructed to rank providers
based on their impressions of presentations and offerings to date.
The vendors named in the survey suggest that increased awareness of Blockchain’s capabilities leads to a greater
understanding of the scale of potential hurdles in healthcare organizations specifically.These vendors received positive
product and services perception scores above 9.00 on the Black Book scale of 1.00 to 10.00
Vendor Name Profile Page
Blockchain Health 4
Bloq 5
Burst IQ 6
Gem Health 7
Guardtime 8
Hashed Health 9
HealthCombix 10
IBM Blockchain 11
Pokitdok 12
Tierion 13
YouBase 14
11 Blockchain Companies shaking up the Healthcare Provider & Payer Industries
Published October 2017
Blockchain Health
Headquarters San Francisco, California, USA
Founded 2016
Website www.Blockchainhealth.co
Healthcare Expertise
Offerings
Description
Blockchain Health is a software company that provides healthcare organizations with
HIPAA-compliant Blockchain solutions. Users can share health data with researchers using
the integrated platform, which creates a tamperproof chain of information custody. It
features:
- Certificate Authorities register certificates publicly
- All past history is permanently recorded
- Certificates are easy to register and cost effective
- Publicly register any fact
- Easy to tie identity services
- History unchangeable
- Central registry of facts
- Strong identity + permanent notary = tamperproof
- Chain of Custody
- HIPAA audits are now a matter of reconciliation
Model to improve Health Care
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