Coral Health ICO Review
|Coral Health ICO|
|ICO start:||0000-00-00 00:00:00|
|ICO end:||0000-00-00 00:00:00|
Coral Health is a pioneer in using Blockchain technology for decentralized healthcare. The aim is to make efficiency gains for the network stakeholders when it comes to data sharing, profitability and health outcomes. Coral Health targets small and addressable components in the data healthcare domain, capitalizing on efficiencies for small processes that are automatically authorized using small contracts, all of which allow for the adoption of a form of "personalized medicine" to answer patients' different needs and preferences through a streamlined process of gathering and updating data about patients.
Coral Health has recognized a significant disruption opportunity in global healthcare systems. Its vision will create efficiency gains in interactions between key actors in the healthcare domain, driving productive data sharing, greater profitability, and improved public health outcomes.
It is well known that in traditional healthcare delivery models, providers, laboratories, payers (i.e. insurance companies) and drug companies all store patient data in disparate formats and there is no standardization of record keeping. This has led to data breaches and the disarray we see today in health records exchange. Poor data sharing infrastructure has also been impeding the progress of drug discovery and public health research. Efforts to address this problem have largely focused on forcing the entire ecosystem to adopt a new, shared standard. These attempts have been unsuccessful because they've been quickly rebuffed by regulation, lobbying and patient apathy.
Coral Health's key differentiator in its expansion plan is that it targets small and readily addressable components of the health data domain, rather than attempting to create an immediate panacea. For example, it will cater to payers' incentives for quicker claims processing by allowing them to use smart contracts to automatically make prior authorization decisions. In this incremental fashion, Coral Health will create efficiencies in small but multiple parts of the current health data landscape, steadily moving towards its broader objective.
|“||Q2 2018: Create beta versions of patient-lab user interface and patient-physician user interface to solicit pilot program participation|
Q2 2018: Create full working version of patient-lab application to use in pilot
Q3 2018: Build alpha version of Coral Health patient-lab database, hosted on Amazon S3 interacting with the Ethereum main net (or potentially an isolated side chain)
Q3 2018: Create beta version of Coral Health-specific blockchain and integrate with IPFS (or similar distributed database)
Q3 2018: Create full working version of patient-physician interaction user interface within Coral Health application
Q4 2018: Solicit interest for additional pilot programs from laboratories and provider groups (including soft commitments already received)
Q4 2018: Begin conversion of seed pilot programs to full programs
Q1 2019: Begin sales rollout of Coral Health system to diagnostic laboratories throughout the US and Canada
Begin contracting process for pilot programs with payers in the US
Build beta application for payers to read laboratory information posted through Coral Health
Q2 2019: Build initial smart contracts for a select set of medical policies for pilot payers, to be used in a standardized format with other payers
Complete architecture for automated processing of smart contracts with laboratory data used as inputs
Q3 2019: Provide user interface for payers to see recommended insurance adjudication based on lab results and internal medical policies
Conduct pilot programs with seed payers
Q4 2019: Approach provider groups and hospital chains for pilot programs
Begin conversion of payer pilot programs to full programs
Q1 2020: Begin sales rollout of Coral Health to payers throughout the US