Topic: [ANN]BLÜPASS - BlockChain Technology for Total Healthcare Solutions - ICO LIVE! - page 4. (Read 2882 times)

How do we make Revenue

Blüpass has four main sources of revenue;  contracts with carriers for tokens and private label services, factoring claims to providers, insurance sales to consumers, and processing fees for premiums. 

Contracts with Carriers

Blüpass will develop contracts with carriers in order to guarantee against fraudulent claims.  Simply put, we will post reserves to offset carrier concerns of fraud.  Claims assurity enables carriers to confidently participate in Blüpass instant claims service to consumers and providers.  Blüpass will transfer funds for claims and be reimbursed according to carrier contracts.  Blüpass will provide a point of sale system through our mobile platform to facilitate EHR authentication and service provided.  A voucher for claim will be authenticated and funds transferred within seconds of consumer submission.  Carriers will pay Blüpass on a contractual basis based on expected token usage.  Carriers contracts will be renewed with market price of our reserve of 2 Billion tokens.  Policyholders can buy tokens for access through our bluwallet, or carriers will provide them.

Factoring claims to providers

Blüpass will front claims funds to providers who use our POS.  We will eliminate the lag time for providers in the billing process.  Hyper secure ledgers will authenticate EHRs and billing codes with geofencing technology to guard against fraud.  Providers will enjoy immediate access to funds while having access to a broad base of consumers who use insurance rather than cash on demand services.  Factoring billing for providers will range from 2-3 percent of billed amount placing Blüpass costs in the same range as credit card usage fees providers are accustomed to as payment.  Claims payments to providers are a $3 Trillion market in the US.

Sales to Consumers

Blüpass will offer competitive rate plans to consumers to purchase through our system.  Businesses and HR professionals are seeking consumer direct sales and consumerism approaches to cost sharing.  By incorporating Blüpass into their benefits packages, business will be able to reduce overhead cost and expand benefit offerings.  Likewise consumers can purchase direct plans through our system and enjoy discounts similar to on-the-job benefits because our existing HRaspirin system already provides assurances to carriers for discounts.  Blüpass will integrate our existing premium reconciliation services with carrier and provider networks to further drive down cost through efficiency. 

Processing Fees

HRaspirin currently serves as a billing reconciliation, carrier consolidation, and remittance system.  The program provides badly needed relief and efficiency to business owners, HR professionals, and carriers through a unique and proven method of securely collecting premium, consolidating multiple carrier invoices, and remitting premium on a regular set calendar.  We have opened markets previously not available to certain groups such as unions and associations. The main source of revenue is derived from banking fees on billing transactions.  These are often paid by the consumer, but can be paid by employer or carriers.  Blupass enables HRaspirin to eliminate fees altogether.  Members and token holders have access to an ecosystem designed to change the status quo. 

ICO UPDATES

Blüpass will be extending the ICO to September 30. Reason? HUGE partnerships, strategic advisors, and company upgrades all TBA soon.

Stay tuned!

Summary of our Project

Unique to the ICO world is a real company with real products and solutions.  Blüpass is a product born from innovation as we have solved reconciliation headaches for over six years.  Blüpass will change everything that is deficient in the Healthcare industry and transform it into a consumer centric, egalitarian model.  For many years, carriers and providers have worked tirelessly to reduce overhead due to fraud and problematic HIPAA Privacy and Security regulations in regards to billing and electronic medical records, all at the detriment to the consumer claim process and data ownership. By utilizing Blockchain technology to build our platform, we will transform the way data flows between each simultaneously.   We will solve all three client components at once.  Blüpass is a consumer driven platform that solves claims processing delays, provider overhead, and carrier claims fraud.  Insurance claim inaccuracies alone costs patients and providers up to $600-800 billion annually.  Blüpass benefits from the existing payment structure, HRaspirin.  Our payment reconciliation system allows for various groups, businesses, associations, unions, or individuals to establish traditional individual groups or group platform benefits and eliminate human resource administration of the benefits plan.  We collect premiums, reconcile invoices automatically, monitor individuals for missed premiums, and consolidate multiple carrier invoices with our proprietary software.  We will use Blüpass blockchain ledgers to verify premiums instantly against policy information to enable guarantees on claims.  HRaspirin’s success positions Blüpass with enormous options for positive growth from  day one.  Blüpass will enhance HRaspirin’s client experience via instant verification of consumer premiums, policy provisions, and providers universal coding to enable settlement of specified provisions at the time of service.  

Indeed others may have failed. We have already filed with the SEC here in the United States to comply with current regulations. Our intent is to bring this project to the world, but we need support from the crypto community. Our team has the industry knowledge to succeed!

The idea is quite interesting, related to health, but still, how many I've seen similar projects, and I never saw that either went to the stock exchange.

Healthcare is complex where multiple entities work together to provide services: Physicians, Hospitals, Insurance, Pharmacy, Telemedicine, EMR (Electronic Medical Records). Blupass is a platform that connects all entities. ICX has provided a solution for Korean market using Loop. Blupass is different, but that is the closest one that I can think of.

Let us know if you have any questions.

Stay tuned for upcoming podcasts and reviews!  We are so exited about this project! 

Don’t forget to send your questions to us!  We are excited to hear from you!!

Blupass is extending our ICO through September 30.  After filing with SEC we were asked to continue ICO for 60 more days.  It has been successful and exciting.  Please stay tuned for some new partnership announcements!

I sincerely support your blockchain related to medicine. To date, there are very few projects that link blockchain and medicine, although for society and life expectancy, this is not a little important criterion. I think that at the start of sales, I will also buy coins from bounty hunters, as I have great faith in your project. Thank you!

Greetings. Can I write an article in my linkedin profile? Article in Russian language
https://www.linkedin.com/in/vicktoria-jemchugova/
or steemit https://steemit.com/@jemchug0v

To show appreciation for our MVP, we dedicated this Video to HRaspirin, the world's first premium processing software. We are excited to have developed this unique technology. Members of the platform can now access and manage their insurance benefits.

We are one step closer to truly connecting consumers, providers, and carriers!

It's clear on my instructions that there is a proper section for bounty related question.

Hello. why there is no reward in the table for my weekly work on Twitter and Facebook?

Let's take a moment to appreciate the first product of the Blüpass platform! Members of HRaspirin can now better manage their insurance benefits with our unique software... One small step for man; One giant leap for #Blüpass

https://medium.com/@info_69687/official-m-v-p-announcement-c22516368092

Telemedicine is very interesting! And in general this project brings many innovations that will change the relationship of medicine with patients for the better! I believe in this project!

The provider may not have a complete picture of the consumer’s financial responsibility or health record. Second, carriers attempt to limit potential fraud through a lengthy and manual claims process.

A great plan from Blupass that will put the control in the hands of consumers to facilitate data transfer between providers and carriers for electronic health records, claims services, premium policies and verification, and more

What is the Problem that ​Blüpass​ solves? Carriers and providers pay overhead due to fraud and problematic HIPAA Privacy and Security regulations. Inefficient billing and electronic medical records lead to a delayed consumer claim process. Overall, transactions among all three entities: Carriers, Providers, and Consumers are inefficient, expensive, and susceptible to fraud.
 
How does ​Blüpass​ solve it? Blüpass will use Smart Contracts to solve the inefficiency between providers and carriers.  We place the consumer in control of data sharing and claims processing.  We will also partner with third party solutions in EMR (Electronic Medical Records) and Identity Management to eliminate fraud from the system. 
 
What is the technology behind it? Blüpass uses Ethereum platform to generate these two types of Smart Contracts. Blüpass is creating a unique protocol that governs the interaction among multiple Smart Contracts. Blüpass uses BLU tokens in its digital ledger. Accounts for Carriers, Service Providers, and Users are maintained in Blu tokens in distributed ledgers.
 
What is the team behind ​Blüpass​? Our vision requires collaboration between sectors from provider, consumers, technology, carriers and insurance specialists.  Blüpass consists of team members that have worked in all of these domain backgrounds.
 
How does this benefit the consumer? Token holders will have unique access to the Blüpass system.  Consumers can grant access to health records in real time for clinicians and providers.  They can also rate providers, carriers, and products.

We are on DEX as of now.  We are in the process of regulatory filings and anticipate big news to announce soon!