Connect with us

Blockchain

Turning The Block With Lyft: Interview With Solve.Care CEO Pradeep Goel

Published

on

Blockchain centric startup Solve.Care is blazing a new trail for care coordination by combining the data from patients, providers, employers, and insurers into a single system.

The aim? To shrink costs and mitigate that waste that’s hindering the efficient delivery of healthcare worldwide.

Now in a groundbreaking new advancement Solve.Care is developing a “Book-A-Ride” card, a tool which will allow customers to schedule transportation to health-related appointments. The blockchain developer partnered with the transportation network company  Lyft in March to curate this solution.

Book-A-Ride will enable patients to share information about the transportation service with their insurance company, family members, and providers. Through the use of blockchain this platform endeavors to improve access to different medical transportation options for non-emergency situations.

Solve.Care CEO Pradeep Goel is a healthcare executive with a relentless focus on enhancing the administration, coordination, quality and efficiency of medical care. His 25 years of healthcare experience as CEO, COO, CIO and CTO in insurance, benefits administration and public programs provides him with a unique perspective on the healthcare of tomorrow.

Pradeep Goel

Goel agreed to a brief interview with Blockchain Healthcare Review on recent developments taking place at Solve.Care.  

Please share a little about your professional journey?

I have more than 25 years of healthcare experience, developing groundbreaking software for the insurance industry, and co-founding four healthcare IT businesses where I served in a number of management roles including CEO, COO, CIO, and CTO.

I previously served as Chief Innovation Officer and Chief Information Officer at Noridian BlueCross BlueShield of North Dakota. In 1990, I co-founded Dakota Imaging, where I served as Senior Vice President and Chief Operating Officer.

So what is Solve.Care and how were you initially introduced to blockchain?

Solve.Care is essentially the culmination of my years spent as an executive in Healthcare, Insurance, and IT. I was first introduced to blockchain while involved in building a platform that would connect and create a communication channel for multiple entities involved in the healthcare ecosystem. We identified blockchain technology as the fabric that had the potential to address some of the most intricate problems in healthcare, and ultimately help us provide the highest quality of care for patients. The idea of leveraging decentralized ledger technology which could act as a collaborative, transparent, and immutable database that maintained the appropriate controls for data privacy and access, was compelling.

When was Solve.Care founded and what was the catalyst behind it?

As a parent, I have experienced first-hand the difficulties and inefficiencies with our healthcare system as my young son has a developmental disorder and requires continuous care. Because of this, I felt a compelling need to try and change the system. This, combined with more than 25 years of healthcare experience, led to Solve.Care being established in early 2017.

When I founded Solve.Care, I set out on a mission to redefine care coordination, improve access to care, empower the consumer with information, reduce benefit administration costs, as well as eliminate fraud and waste from healthcare and benefit administration around the world.

What is the compelling value proposition of blockchain in terms of the solutions you’re offering through Solve.Care?

The peer-to-peer capabilities of blockchain can empower consumers and doctors, and this is where blockchain and Solve.Care come in. We are working to help facilitate P2P transactions between all the stakeholders without the need for policing all transactions between them, resulting in a net benefit to all users of the system.

How do you believe these solutions ultimately contribute to greater cost savings, patient access and care quality in the healthcare industry?

I truly believe blockchain is the best available solution that we can leverage in order to reduce costly waste within the healthcare system and increase patient access and care quality. The complexity of the health system and reliance on multiple payers is contributing to soaring administrative costs. Healthcare is a collaborative effort, which requires involvement from multiple parties, and blockchain has the power to connect each of the different healthcare stakeholders.

How do you propose to resolve the interoperability challenges plaguing today’s fragmented healthcare industry?

Overall, blockchain is unlocking the value of interoperability and allowing for the coordination of care by eliminating the dependence on a centralized system and allowing all stakeholders in a patient’s care journey to communicate and interact through a permanent record of online transactions.

The healthcare industry is divided into three separate pillars: administrative, clinical, and financial. Solve.Care aims to address all three of these pillars. We want to solve interoperability challenges by making processes more effective, especially with more administrative bureaucracies that do not communicate efficiently. We offer specific solutions for each sector and for every stakeholder in healthcare.

From government agencies to insurance companies, and everyday users, our unique solution gives everyone a level playing field by decentralizing healthcare and putting patients back in the center of healthcare delivery, while also providing a common platform to administer it.

What sort of feedback are you receiving from your work with the Arizona Care Network? How do you believe it will inform the Solve.Care model moving forward?

Our client, Arizona Care Network (ACN) received the Innovation Award for their implementation of the Solve.Care Care.Wallet for Physicians at the 2019 National Association of Accountable Care Organizations Spring Conference. Additionally, there are over 200,000 patients aligned to ACN’s participating Provider Reward Program providers, who have access to the ACN Care.Wallet. This feedback is overwhelmingly positive and demonstrates that Solve.Care has the potential to roll this initiative out on a global scale.

Finally, tell us about your partnership with Lyft and the value proposition it provides to patients in terms of transportation to and from appointments?

Transportation is an integral part of healthcare coordination and, more often than not, can be a barrier to accessing adequate care. At Solve.Care, we want to enable and facilitate patients to access the care they need — be it follow-up appointments, picking up prescriptions, or seeing the right doctor at the right time.

Our partnership with Lyft allows us to provide a more efficient and seamless experience for patients — enabling healthcare payers, employers, and other agencies to improve patient satisfaction. We’re providing this through timely access to care, reduced wait times, simpler cost-sharing, and access to transportation subsidies. Our goal is to introduce non-emergency medical transport into patients’ healthcare plans and drive behavioral and economic change through our partnership with Lyft.

subscribe

Source: https://blockchainhealthcarereview.com/turning-the-block-with-lyft-interview-with-solve-care-ceo-pradeep-goel/

Blockchain

This Technical Indicator Suggests Bitcoin Has Formed a Local Top

Published

on

  • Bitcoin’s price is seeing a slight consolidation phase as it trades around $13,000
  • The selling pressure around $13,200 has proven to be significant but bears inability to spark any significant retrace points to some weakness amongst sellers
  • If bulls can provide BTC with a strong foothold within this price region, there’s a strong chance that serious upside is imminent
  • One analyst explained in a recent tweet, however, that a technical indicator is suggesting that the crypto has formed a local top
  • This could indicate that further consolidation, or a slight retrace, is imminent

Bitcoin and the rest of the crypto market have been struggling to extend the recently incurred momentum due to BTC’s resistance in the lower-$13,000 region.

This only marks consolidation on a micro-scale, but it is important to note that a continued bout of trading beneath this level could strike a blow to buyers’ current strength.

Where the entire crypto market trends next depends entirely on Bitcoin.

This could mean that some downside is imminent, as one analyst explained in a recent tweet that a historically accurate indicator is now suggesting that a retrace is imminent before BTC sees further gains.

Bitcoin Consolidates at $13,000 as Bears Guard Against Further Upside 

At the time of writing, Bitcoin is trading up marginally at its current price of $12,990. This is around the price at which it has been trading throughout the past 24 hours.

Bears have been ardently trying to stop BTC from gaining a firm foothold within the lower-$12,000 region.

It remains unclear whether or not the selling pressure here will continue halting its momentum as the weekend fast approaches.

Indicator Suggests BTC has Formed a Local Top

It is important to note that there is one indicator suggesting that Bitcoin has formed a local top, signaling that a move down to the lower-$12,000 region is imminent.

One analyst spoke about this in a recent tweet, pointing to BTC’s Emasar indicator while putting forth a downside target around $12,200.

“Emasar is signaling a local top on BTC. Above $12,700 looks like a good place to take some profit. I have orders to rebuy from $11,777 – $12,226,” he said.

Bitcoin

Image Courtesy of Tyler D. Coates. Source: BTCUSD on TradingView.

How the market continues trending in the coming few days should provide investors with serious insights into Bitcoin’s mid-term outlook.

Featured image from Unsplash.
Charts from TradingView.

Source: https://bitcoinist.com/this-technical-indicator-suggests-bitcoin-has-formed-a-local-top/?utm_source=rss&utm_medium=rss&utm_campaign=this-technical-indicator-suggests-bitcoin-has-formed-a-local-top

Continue Reading

Blockchain

Analyst: If Yearn.finance (YFI) Surmounts $16,000, It Could Start a New Uptrend

Published

on

Yearn.finance has seen a decent rebound from its recent lows set just a few days ago.

Its ongoing upswing is coming about as Bitcoin and Ethereum consolidate, which indicates that it may be breaking its recent downtrend and beginning to navigate higher as many altcoins start catching some tailwinds created by BTC and ETH’s recent upswing.

There are still some underlying problems that are hampering YFI’s growth, with the Yearn ecosystem currently being caught within a vicious cycle limiting how much value is captured by the token.

Furthermore, the founder’s risk that has been priced into YFI may also be limiting its near-term upside, as Yearn founder Andre Cronje has been playing with multiple experimental projects that have cost speculators significant sums of capital.

There is one key technical level that, if broken, could send it rocketing significantly higher in the coming few weeks.

A further rejection at this level could spell trouble for its near-term outlook and lead to further downside. One analyst is even pointing to $6,000 as a potential downside target.

Yearn.finance Struggles to Gain Momentum Despite Bullish Market

Yearn.finance’s YFI token is currently trading up 5% at its current price of $14,500. This marks a notable surge from its multi-day lows of $13,000 set just a few days ago.

It is important to note that it is still caught within a consolidation phase, as it has been trading around its current price for the past couple of weeks.

Until it breaks above $16,000 and begins marching back up towards $20,000, its technical outlook still slightly favors bears.

Furthermore, the lack of attractive yields on the yVaults leads less value to be captured by YFI, which is hampering its technical strength.

Analyst: YFI Must Break $16,000 to See Further Momentum

While sharing his thoughts on the Yearn.finance token’s technical outlook, one analyst explained that $16,000 is a key level that YFI must overcome in the near-term.

He also notes that a breakdown before here could be dire, putting forth a $6,000 target on the chart he offers below.

“Another diagonal for YFI. $16k is still the level to overcome in order to see strength for continuation. 2 failed/awkward breaks of diagonals previously. Let’s see how we do today.”

Yearn.finance YFI

Image Courtesy of Cold Blooded Shiller. Source: YFIUSD on TradingView.

Yearn.finance’s near-term technical strength may also reflect that of the aggregated DeFi sector, which means that inflows of capital into beta assets following Bitcoin’s surge could provide it with a boost.

Featured image from Unsplash.
Charts from TradingView.

Source: https://www.newsbtc.com/analysis/yfi/analyst-if-yearn-finance-yfi-surmounts-16000-it-could-start-a-new-uptrend/

Continue Reading

Blockchain

$300 Million In A Day, $1 Billion In The Last Week – Grayscale’s Impressive AUM Growth

Published

on

Amid the most recent cryptocurrency price developments, Grayscale Investments has increased its assets under management (AUM) by over $1 billion in a week. Perhaps even more impressive is the AUM increase in a day – a “cool” $300 million.

Grayscale’s AUM Explodes In October

CryptoPotato reported Grayscale’s Q3 2020 record-breaking earnings last week. The company highlighted that it purchased over $720 million worth of BTC on behalf of its clients. Adding the price performance of the different cryptocurrencies assets under its management, the total AUM grew to $5.9 billion.

Although October started a bit sluggish in terms of price movements, the situation changed approximately a week ago. The total market cap grew with over $40 billion in that time. Most of the gains came after news from PayPal that it will enable its US-based customers to buy, sell, and store cryptocurrencies.

Naturally, as the prices started seeing fresh highs, Grayscale’s AUM felt the effects, and the company reported its growth to $7.3 billion. This meant a $1.4 billion increase in less than a month and a $1 billion expansion in a week.

According to Grayscale CEO Barry Silbert, the PayPal effect marked the addition of a “cool $300 million in AUM in one day.”

You Might Also Like:

Bitcoin And Ethereum (Still) Lead The Way

Somewhat expectedly, the two largest cryptocurrencies by market cap are responsible for the majority of Grayscale’s AUM. With over $6 billion, the Grayscale Bitcoin Trust accounts for nearly 83% of the total amount, while Ethereum’s share is significantly lower – about 13%.

It’s also worth noting that those are the only two company products directly reporting to the US Securities and Exchange Commission. The Grayscale BTC Trust received such approval months ago. The Grayscale Ethereum Trust filed a Form 10 with the SEC this summer, and the Commission approved it in early October.

As a result, accredited investors who own or purchase shares from either company products’ private placements can take advantage of enhanced liquidity. This is a direct consequence of the reduced statutory holding period from 12 to 6 months.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).


Source: https://cryptopotato.com/300-million-in-a-day-1-billion-in-the-last-week-grayscales-impressive-aum-growth/

Continue Reading

Trending