– Arizona Care Network (ACN) patients with type 2 diabetes will be able to use a healthcare blockchain network to manage their diabetes and optimize care with their physicians and families.
The Diabetes Care Administration Network, being launched by the end of this year, will use healthcare blockchain to improve care for 25,000 ACN diabetes patients.
The network will encourage engagement between patients and providers to address the link between diabetes and heart disease.
ACN will provide concierge care management and support care coordinators to improve outcomes for participating patients.
The network will use Solve.Care’s blockchain-based Care.Wallets to support patients.
“The Diabetes Care Administration Network will help bridge a knowledge gap by providing a platform which offers vital information on diabetes and cardiovascular diseases in an easily accessible manner. This is invaluable in the healthcare ecosystem as it allows patients to gain a better understanding of their disease while also coordinating their care needs,” said Solve.Care CEO Pradeep Goel.
Solve.Care is collaborating with Boehringer Ingelheim Pharmaceuticals in launching the network, which is expected to go live by the end of this year.
“We are proud to join Solve.Care and the Arizona Care Network to provide patients and providers with additional solutions to help address diabetes and cardiovascular disease,” said Graham Goodrich, vice president for cardiometabolic marketing at Boehringer Ingelheim Pharmaceuticals.
“Recent changes to diabetes treatment recommendations have prioritized managing cardiovascular risk, and this program will help ensure both patients and providers are proactively addressing life-threatening cardiovascular complications associated with this chronic condition,” Goodrich noted.
Based on the results of the ACN launch, Solve.Care and Boehringer Ingelheim will evaluate expansion opportunities in the United States and globally for the healthcare blockchain network.
Blockchain Will Have Transformational Impact on Healthcare
According to a recent report by Accenture, two-thirds of healthcare executives predict that the combination of blockchain technology, artificial intelligence, virtual reality, and quantum computing will have a “transformational” impact on their organization over the next three years.
These technologies are “poised to become the foundation for next-generation products and services. Healthcare leaders … will be prepared to combine and exploit those competencies as the technologies reach enterprise-level maturity,” the report said.
The four technologies are “powerful on their own. But as they advance, they will push each other forward further. Already, early pairings reveal game-changing combinatorial effects for healthcare,” the report added.
Frost & Sullivan recently predicted that blockchain and artificial intelligence would spur the care coordination software market to increase at a compound annual growth rate of 15.4 percent, reaching more than $3 billion by 2022.
Care coordination software connects, coordinates, and standardizes clinical pathways so that diagnosis and personalized intervention can occur across the care continuum.
Patients want access to personalized clinical information on the move, requiring caregivers to coordinate medical insight across the care continuum more efficiently.
However, close to half of patients fail to understand treatment plans and care management guidelines, and around 20 percent of them switch providers due to a lack of trust in their care teams. Around 80 percent of clinical errors occur because of a lack of coordinated communication during care transition, according to the business research firm.
According to Frost & Sullivan, more than two-thirds of patients reported feeling fully satisfied when they received coordinated care from a provider-designated team that appears confident in identifying the right intervention strategies and delivering medical support compassionately.
The care coordination software market is “embracing large-scale innovation, aided by advanced technologies such as AI and blockchain, which support data interoperability and normalization within a defined clinical network,” said Koustav Chatterjee, industry analyst for transformational health at Frost & Sullivan.
“The growing need to auto-trigger worklists and personalize intervention plans for complex patient populations will further drive investments in care coordination IT,” Chatterjee said.
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