The interaction between consumers, providers and insurers is fractured in the Healthcare system.
Patients enter provider facilities with a misconception that their provider and their insurer communicate seamlessly. Patients are faced with the reality their experience at the physician's office is far from complete. They may pay a copay at the window, but will leave certain of one reality, an incomprehensible bill will arrive in the mail.
Healthcare providers are often torn between the desire to serve their community and maintain the finances of a tormented business model. Administrative stresses and pressures force providers to compensate with ever rising price structures. Administrative costs in the United States are projected to reach $315 billion by 2018.
Fraudulent healthcare claims increase the burden to society through increased premiums and higher out of pocket expenditures. Large Medical facilities and hospital groups spend up to 10% of their budgets on records and billing. Premiums billed and administered by health insurance carriers rely on antiquated file formats.
Unfortunately for the consumer, patient data such as health records, consumer policy data, and claims data are siloed. Providers marginally share data with other providers. Carriers and Providers do not share data systematically leaving consumers to manually request information from medical record departments to facilitate any claims process review.
Blüpass will build a multi-layer blockchain to accommodate existing and new healthcare technologies.
We are unique to the ICO world. We are a real company with real products and solutions. Blüpass is a product born from innovation. We will change deficiencies in the Healthcare industry and transform it into a consumer centric, egalitarian model.
Blüpass has the best team of industry professionals. They are practice leaders with years of experience and dedicated blockchain experts with a track-record of successful Blockchain projects.
Blüpass will build an open source platform designed to solve problems. We believe the best solutions are derived from multiple actors working in sync with a common goal.
Blockchain will decentralize the way we store data and manage information. This will lead to a reduced role for one of the most important regulators in the world, the middleman.
Consumers will benefit from reduced premiums and incentives. Using hyper secure technology reduces loss due to fraud. Carrier savings can be passed on to consumers in the form of premium reduction due to efficient cost saving measures. Consumers will also have peace of mind their EHR is safe from tampering or identity theft.
Blüpass facilitates PBU's that reconcile policy information, provider billing and insurer claims instantly. The secure Blockchain ledger is what makes this all possible. This technology propels Healthcare systems into the future.
Blüpass will build a multi-layer blockchain to accommodate existing and new healthcare technologies. We will utilize our unique blockchain ledgers to deliver instant data for claims service while providing technical support to eliminate fraud for carriers. The Insurance Market is $7 trillion globally. Because of blockchain technology, Blüpass has an important advantage. We save time and money. A Blüpass system in the U.S. could result in cost savings exceeding $350 billion annually. We will fundamentally change the dynamics between providers, consumers, and carriers.
All BLU tokens will be available for purchase with ETH. Base token price will be set to $0.25 USD.
Blüpass will create 6 billion (BLU) tokens. Consumers outside of our preferred carrier network will purchase (BLU) tokens to access our system. Carrier contracts will purchase BLUs to facilitate claims through the Blupass system. Onced used, tokens can be reused. Carriers can retain indefinitely or sell their tokens back into the system.
The Future of Healthcare Technology
Blüpass consists of team members across multiple essential backgrounds. Our vision requires collaboration between sectors from provider, consumers, technology, carriers and insurance specialists. We have deliberately sought forward thinking out of the box professionals that are successful in their fields and are keenly interested in change.
Shawn has 20 years experience with government policy development and Insurance.
George Washington University
MPA Policy Analysis
Ray has 28 years of experience in both the Healthcare and Insurance fields.
Arkansas State University
Army National Guard Veteran
Sandeep has 15 years of experience developing Enterprise software products as well as VC funded cutting edge new technologies. University of Michigan
Jason has 17-year career as primary general counsel. Proven record of excellence in business development, finance, strategic analysis, and transactional law with major corporations.
NOEL ALLUM is a photographer with over thirty years of experience in shooting fine art objects, interiors portraits and events. Having worked many years as a photographer at Sotheby’s, .