The last few years have been a crazy ride in the crypto markets. We’ve seen both the buying frenzy and the panic selling. Although the industry has a lot of potential, it is undoubtedly true that many projects will fizzle out during the next 12-24 months. Traders need to carefully analyze projects that have the best chance for real world adoption. Part of the analysis certainly needs to center around projected industry growth. One of the areas in desperate need of transformation is healthcare administration and Solve.Care may have just the solution.
Problems with Traditional Healthcare
Healthcare administration around the world has become plagued by inefficiencies and soaring costs. Global spending on health exceeds $8 trillion annually and is expected to increase to $18 trillion worldwide by 2040. In the U.S. alone, up to $1 trillion is wasted through administrative costs, over-utilization, and fraud. Much of this waste is due to an obsolete and cumbersome healthcare system. These issues have placed a massive strain on patients, doctors, and system administrators for far too long.
For doctors, one of their major complaints is the amount of time spent completing paperwork and dealing with insurance companies. For patients, one of the major complaints is lack of face time with their primary care physicians.
Change is definitely needed and that’s where Solve.Care comes into the picture.
What is Solve.Care
Solve.Care is a transformative healthcare administrative platform designed for use by patients, employers, doctors, healthcare groups, and insurance businesses. This platform is the first to use blockchain technology as the underlying distributed ledger for all care events between patient, doctor, pharmacy, laboratory, insurer, and other parties.
Patients are encouraged to manage their healthcare decisions. Employers can use the platform to administer benefits,