Digon uses Ethereum blockchain to create two sided contracts between healthcare providers and patients. Currently there typically exists a triad in the relationship of healthcare provision. The constituent parts of that triad are patient, purchaser, provider. This leads to a variety inefficiencies in the system. For example, the payer, typically an insurance company or government/commissioner, contractually engages health care providers to provide care for patients. This is a complicated process involving negotiation and bargaining. Payers pay for things/commission services on behalf of patients who are the ultimate payers – either through buying healthcare insurance or through paying tax. Payers normally only pay those providers with which they have negotiated contracts which is inflexible and inefficient and restricts options for patients. This is a classic middleman set up in which the additional costs of setting up and monitoring these contracts and ensuring profit for shareholders, in the case of private insurance, and ‘collective bargaining’ value for money, in the case of governments is ultimately paid for by patients.
Digon enables a contract to exist directly between patients and providers. Furthermore, contracts are based on clinical and patient outcomes meaning that patients only pay for treatment which is realised as beneficial rather than based on activity based contracts existing between purchasers and providers which can stray from the direct needs of patients and do not always provide a direct incentive to deliver positive outcomes.
Benefits of Digon
- It reduces cost as there is no middle-man, third party insurers etc.
- It addresses clinical outcomes as it controls payment to providers dependent on clinical outcomes and patient satisfaction with the services/treatment they receive
- It gives control to patients over use of their data
- It encourages the fostering of trust as providers can publish their outcomes via blockchain
Features of Digon
- It is a contract for healthcare including diagnosis, planning and treatment between patients and healthcare providers of different varieties (acute care, hospitals, chronic care, community care, home care etc.)
- It is focused on health outcomes rather than processes/procedures
- It can act as an encrypted key for healthcare records which belong to the patient
- It can control other features such as whether the patient wants to allow researchers to access their data and pays any benefits from so doing directly back to the patient