Chicago, Illinois-based HealthHeart aims to transform the management and security of electronic health records through its innovative blockchain-based EHR.
[Note: This is a sponsored article.]
The Problem with EHRs Today
In the United States alone over 96% of hospitals and 87% of office-based physicians use some form of EHR (Electronic Health Record) system. Despite this widespread adoption, most healthcare providers are unhappy with these systems. The most common challenges being reported include:
- Not user-friendly: Healthcare providers report that current EHRs are cumbersome, poorly organized, and often have a steep learning curve;
- Security risk: With a single medical record often fetching as much as $500 on the black market, data breaches are a mounting concern. In fact, according to the Office for Civil Rights of the Department of Health and Human Services, there have been more than 200 data breaches in 2017 so far;
- Expensive: Depending on the type of license (perpetual or recurring), costs can easily run to the hundreds of thousands of dollars or more per year, not counting hardware costs, support, storage, and other associated ‘hidden costs’.
So why haven’t these challenges been addressed? Simple. With so few competitors in the market space, there is no real motivation for EHRs to improve their software. Healthcare providers simply haven’t had any options. Meanwhile, innovative uses of blockchain technology are also being explored in other sectors, such as Illinois sports betting, highlighting its growing influence beyond traditional finance.
Until now.
HealthHeart is the first EHR developed by veterans of both the EHR and network security industries that is designed from the ground-up with security and scalability in mind. Built on the Ethereum blockchain, HealthHeart ensures that the data integrity of patient records and provider communications is maintained.
In addition, HealthHeart is also the only EHR to have a Medical Advisory Board of active certified medical practitioners providing input on design and workflows. The end-result is a secure, intuitive, and user-friendly system tailored to the needs of small- to mid-size medical practices and hospitals.
The HealthHeart Token Pre-Sale and ICO
The HealthHeart token pre-sale is underway and will continue through November 30, 2017, at which point the main ICO will begin. The ICO itself will run from December 1, 2017, through December 31, 2017, or until the hard cap ($17,014,107.59) is reached. Early investors will receive generous token bonuses based on their contribution date:
Contribute by October 31…………………………………………………………..1 ETH = 2000 HHT
Contribute by November 15……………………………………………………….1 ETH = 1500 HHT
Contribute by November 30……………………………………………………….1 ETH = 1200 HHT
Contribute by December 31………………………………………………………..1 ETH = 1000 HHT
There is no minimum investment requirement and investors can contribute using BTC, ETH, or LTC. The total token supply is 100 million HHT, of which 70 million (70%) are being made available for the pre-sale and main ICO. Of the remaining tokens, 1% is being earmarked for bounties and 29% is reserved for company use.
The allocation of funds raised during the pre-sale and ICO will be broken down into the following areas:
- Legal
- Administrative and Supplies
- Salaries
- Marketing
- Sales and Implementation
A detailed and transparent breakdown of funds allocation, including estimated costs, is available in the project whitepaper.
For more information about HealthHeart, please visit healthheart.io or their Telegram chat. You can also connect with them on Facebook, LinkedIn, and Twitter.
Do you think that a blockchain-based Electronic Health Record system will resolve the significant security concerns plaguing centralized EHR solutions? Let us know in the comments below.
Images courtesy of Shutterstock
