Topic: ANN [MEDX] The First Decentralized Healthcare Network - page 9. (Read 12504 times)

when ico launch, and any bounty.?

reserving indonesian translation

Litra coin appears to be going down the route of connecting existing EMR platforms. This is actually already being done by EMR providers and does not particularly require a blockchain. http://www-304.ibm.com/shop/americas/content/home/en_US/pdf/Epic_Interoperability_Fact_Sheet_10.pdf

MedCredits is a platform that connects patients and doctors for medical services. If you were sick at home or a relative was worried about a mole on their arm, you would use the MedCredits platform to be connected to a doctor.

Regarding EMRs: When a patient sees a doctor, the doctor documents the encounter and potentially prescribes some medication or orders additional testing (blood work, MRI, referral to a specialist). This generates data. The critical point is that healthcare data is generated when doctors evaluate patients. EMRs simply store this data. The MedCredits platform will generate patient data and allow the patient to own this data (private keys). As the MedCredits clinical services expand, so too will the volume of patient data. MedCredits will therefore become both an EMR and a platform for medical services.

I hope that clarifies the difference between MedCredits and a lot of other projects out there. We are indeed the first platform to offer medical services and our team is led by licensed medical doctors.

Great summary of our position on EMRs. Tackling an EMR system outright is an uphill battle as EMR systems are pretty entrenched in hospital systems. Convincing administration at a corporate level to institute a new blockchain EMR is very challenging as thousands of man-hours go into switching EMRs. On the other hand, we believe that creating a medical services platform that offers advantages (both in cost and convenience) to the people that make up a health system (patients and doctors) is the better approach. We are building a platform that offers real utility as early as possible. From there, with a pool of patients and doctors, MedCredits will eventually expand to become an EMR and telemedicine platform--where health services and patient records are bundled on one platform (the way healthcare should be).


Agreed. We expect our platform to be more affordable though as middlemen fees are cut, remittance is cheaper (digital currency), etc. thus incentivizing patients and doctors.


Medical doctors all over the world will be able to apply for verification as board certified dermatologists on the MedCredits platform. Independent agencies will verify board certification status. A reputation system will be in place to rate doctors. Patients will also have the option to opt for a discounted second opinion if unhappy with the first opinion.

Regarding cost, by connecting patients all over the world with doctors worldwide, we are distributing demand for physicians to bring down the cost of an "office visit." This creates an open market for price finding--doctors who charge excessive fees will be undercut by doctors who charge less. Doctors are also able to reduce overhead as MedCredits requires no additional use of resources ("middlemen fees") on the doctor's part; hence bringing down the cost as well.

As with many of these digital tokens, there is often significant volatility in the early days. For the first 6 months or 1000 cases, the marketing reserve of MEDX will be used to pay physicians for services (hence making the service free for patients). We expect the fee to be the equivalent of about $10 paid in MEDX per evaluation. To keep the platform simple we will initially use a 2-tier pricing system which will tie into the doctor’s reputation. However, after this we will release the open market pricing feature where doctors/patients determine the fair market price of the respective service. In the final release of the platform, we intend to allow the prices to scale depending on the price of MEDX as well as the demand for services.

Regarding interoperability with current EMR systems: By giving patients ownership of their medical data, they will be able to share their data with other hospitals/doctors. MedCredits will naturally transform into an EMR as its clinical services expand. Down the road, we foresee third parties offering to upload patient data from traditional EMRs to our platform in return for a small fee.

Like you said, the reimbursement structure for telemedicine services is not very robust. Initially our platform will be fee-for-service in teledermatology. Integrating insurance reimbursement would occur at a later date, but we foresee an advantage to insurance companies as this will allow the patients within network to receive evaluations at a discounted price. Eventually MEDX will also allow for the creation of DAOs where patients can pool their resources amongst themselves in order to cover their medical expenses thus eliminating another middleman.

bounties?

Saw you guys from a few different threads...how are you different from LITRA coin? You guys seem to have a good team, but how exactly would the EMR platform differ from others--this seems like not the main purpose of medcredits tho, correct?

                                           MedCredits ICO added - ICOTRACKER.NET    https://icotracker.net/project/medcredits
                                                              https://twitter.com/Kaznachej123/status/902605565934919681

                       

Good question. Achieving portability with other electronic medical record (EMR) systems is extremely challenging. Actually that’s one of the big problems with the current health record systems. There are literally hundreds of different EMR systems in use, and the patient’s electronic health record at one hospital is often not compatible with his or her record at another hospital or clinic. This is frustrating to both doctors and patients.

By building a platform that provides medical services, MedCredits will be simultaneously building an EMR while providing services to doctors and patients. With decades of medical experience and familiarity with several prominent EMR systems in the USA, we believe this is the best approach to creating a universal platform for patient health records.

good article,interesting project . will follow .just expect any bounty program

Thanks for the positive feedback! You hit right on what we are trying to achieve.

Token sale details as well as an exact date will be announced in September 2017. The token sale is planned for Q4 2017 though.

Will be touching base soon regarding bounties.

https://bitcoinexchangeguide.com/medcredits/

Very nice article on project! MedCredits team strong and very good work already.

We have received a number of requests for bounties. We will be in touch shortly regarding these.

hm. interesting project. blockchain and healthcare seems like a good fit. but my healthcare knowledge is limited.   

Check out the latest MedCredits article in newsBTC!!

MedCredits to Launch Token Sale to Decentralize $85 Billion eHealth Market

its also part of the advertisement here and outside so allocating funds for this would be beneficial for both hunters and the project so i will
be expecting some updates regarding to any bounty that will be open by OP, good luck to your project dev let see how it will be differ from its same
concept and target venue.

To me, it seems that those who are asking/questioning the differences between MedCredits and the other projects are not performing adequate due diligence. From what I understand, some projects are hoping to become a 3rd party, connecting existing EMRs together (Patientory) or providing a service (Bowhead, MedCredits). There are also references to creating new EMRs, but I personally think that should be a secondary/tertiary goal as, as referenced in this thread, there are hundreds of EMRs already in existence. The lesser known EMRs typically target smaller clinics/facilities as the market share of medium-large hospitals already belong to EMRs such as Epic, Allscripts, etc. Projects such as Patientory face a hurdle of larger EMRs already collaborating to create a Health Information Exchange so that patient information can flow freely between organizations and systems.

I feel this is a strong project because although Telemedicine (and preventative medicine) is the direction the United States (and perhaps other regions, as well) is heading, it is limited to demographics which presumably have established health care already as the initiatives with the most momentum are organizationally driven. This large gap (those who do not have health care) gave rise to services such as WebMD, and here in the Silicon Valley, start-ups pushing to create other tele health/Concierge Health services who are doing it without a blockchain.

What are the plans around staffing the tele-derm/tele-health service? In order to keep use of this service accessible, would that require artificially keeping the value of MEDX tokens down or will it scale based on the current market value? Example: If MEDX becomes valued at $10 and MEDX servivces are ~100 MEDX, what benefits are there for a patient to use the MedCredits service over traditional services? If a scaling system is used, how would you present that to patients in a way that is easily digestible? How do you plan to interoperate with the other established EMRs? Lastly, are there any plans in addressing health insurance and it's historically low/non-existent reimbursement for tele-health services?

I look forward to learning more about your work.

dont forget HCC!

I want to underscore that our platform is focused on health services. That is, having doctors actually provided diagnoses, evaluations and treatment to patients. We are the first to do this. Other projects are primarily focused on the data & records component of medicine and are creating a decentralized EMR.

Building an EMR and then having hospitals switch EMRs is a top down approach. Our strategy is to involve actual patients/doctors and offer health services. Over time, as these services expand, we will by definition be amassing a large amount of data & records. This will ultimately transform into an EMR but it will have an entire foundation of users already built-in. This is a bottom up approach.

 

MedCredits is focused on providing healthcare services. Our first use case will be in tele-dermatology (diagnosis of skin disorders). There is no other project that connects doctors to patients on a decentralized network allowing healthcare services. By combining telemedicine with Ethereum smart contracts, we are creating a decentralized network for healthcare services. Think: doctors treating patients.

Patientory is building an EMR to solve the issue of EMR interoperability. Their platform does not engage in healthcare services between doctors and patients.
Bowhead Health is engaging a niche market of personalized vitamins and supplementation. Their platform does not engage in healthcare services between doctors and patients.

Can I ask about the bounty program? Is it planned? And if so, how will it go?