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Health Finance features InstaMed’s announcement of blockchain prototype that demonstrates a way to significantly reduce manual processes and paper communications, while giving all stakeholders visibility into the full lifecycle of a patient encounter.

Read the full article, Blockchain prototype aims to speed revenue cycle transactions, in Healthcare Finance. Below is an excerpt from the article.

InstaMed has released a blockchain prototype that allows real-time posting of claim submissions, adjudications and payment, and patient billing and payment.

One of the purposes of the working app prototype is to evaluate whether blockchain drives a better payment experience, the company said. It was built in the InstaMed Innovation Lab, unveiled at the InstaMed Healthcare Payments Summit last month in Philadelphia, and will potentially go to market after getting input from stakeholders.

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