How payers can benefit from blockchain

Blockchain networks are being used within the healthcare insurance arena to improve the tracking of multiple transactions from different sources, according to The Signal.

By adopting blockchain, payers can eliminate the need for middlemen when it comes to transferring information between hospitals, patients and the health insurer.

More health insurers are projected to adopt blockchain solutions to reduce compliance and regulatory costs while also improving stakeholder management and patient care efficiencies, reports The Signal.

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