The aim of HealthHeart is to transform the management and security of electronic health records.
The company differentiates itself from other emergency health records “EHR” providers in the space by making their infrastructure extensible. By making their service extensible they can service any size group, from single practitioners to multinational hospital chains.
The second form of differentiation is the security and convenience aspects – the company is seeking to use blockchain technology to provide a better at a fraction of the cost of industry standards.
The third form of differentiation for Healthheart (and maybe one of the most important ) is that their software tracks real-world behavior and integrates it into a patient’s health record – providing a more holistic interpretation of patient data.
HealthHeart is seeking to provide these issues for health hopsitals and health clinics.
They are seeking to launch their crowdsale on December 1st, 2017. The crowdsale will run through to the end of this year.
What’s the Issue?
The company elaborates on the issue in their whitepaper stating that the current security and privacy issues occur due to the improper current management process of electronic health records. Hospitals and clinics are utilizing older legacy systems and thus have opened themselves up to an assortment of issues. The problem with legacy systems is that they are by definition old and not as up to date as they need to be, which means they will not be able to guard against malware and ransomware infections. The costs incurred by these vulnerabilities are significant, and they include both time and money. Once an attack occurs, the organization that was attacked will have to allocate time that could be used elsewhere to dealing with the aftermath. They have to then pay around $300-$400 for the release of hacker encrypted records. Total costs in the industry in the US can range from $5 million to $8 million. $380 for releasing each record encrypted by hackers, accumulating an organizational cost of $7.35 million in 2017. Why would hackers seek this data? Identity theft and other uses like tax refunds.
“The US department of Health and Human Services estimates that significant breaches of medical data and patient records happen once every 1.75 seconds.”
The healthcare institutions and companies that suffer these breaches are faced with various issues and suffer losses to their reputations and their bottom lines.
The problems with current EHR technologies is many but in an era of increasing computer related attacks, their significant problems would be, lack of proper cyber security standards. The less the quality of the organizations’ cyber security the larger the threat for successful attacks.
There is also an issue with retrieving the full information in medical records as this is information is spread out across various systems.
How are they solving it?
HealthHeart seeks to solve this problem with security, scalability and stability. They are working with doctors and healthcare practitioners to understand the intricacies of the problem and to deal with it accordingly.
Their solution is providing a platform via lean modern enterprise and mobile app that isn’t confusing and can make things simpler for all involved. They are placing important medical events like prescriptions, tests, visits and other medical event transactions on the Ethereum network utilized blockchain.
The inherent security of the blockchain will allow the healthcare system to have improved security measures. Through this process they can make the information accessible and more streamlined for the right parties.
The HHT or HealthHeart token will be allotted for companies to purchase service. Providers must have an ample supply of tokens to access records.
The platform consists of the identifier components, the history component, and the relationship component.
The identifier component allows for each player in the platform to be assigned an unique Ethereum address. This component allows for the regulation of access to patient’s addresses and can then link them to the History component.
The History Component will provide the participant’s full history on the blockchain. The consumer and provider alike are able to view prior transactions, third parties with permission can also have this capability.
The Relationship Component facilitates the connection between the consumer and the care provider. The connection is created when the patient or the care provider interact with the other. An example of an interaction would be a doctor providing a prescription.
The core team for this project consists of the CEO and founder Mark Rudnitsky, who is a specialist in security. Mark has earned his stripes working for Epic, a premier EHR provider in the United States. Jennifer So, chief medical consultant, who holds a degree in Biochemistry. Jonathan Hoffsuemmer, is a strategic consultant who has worked various startups in the healthcare space.
The team also has an advisory board which consists of doctors, researchers, PA’s, and documentation specialists.
Next year will be a busy year for the team as they are planning on ramping up operations and releasing their Alpha product in June and then obtaining necessary certifications, testing with their Alpha group of customers and by the end of 2019 a full customer release.
Date: December 1st, 2017.
Total Supply: 100,000,000.
Hard Cap: $17,014,107.
For more info: healthheart.io
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