Leveraging Transparency
Making health care decisions without transparency is like trying to navigate a ship in dense fog. Without clear visibility, it’s challenging to make informed choices, and there’s a higher risk of making a wrong turn or running aground. For employers, the lack of control over data and the inability to know the underlying cost of services is like assembling a puzzle with missing pieces. And for individuals, those problems are largely why surprise healthcare costs are the number one reason for personal bankruptcy in the U.S. OpenNetworks gives all members of the Coop access to pricing and utilization data to enable informed decisions.
Fostering Collaboration
OpenNetworks is a decentralized platform built to promote peer-to peer connections. Local healthcare providers and local employers can use the platform to create innovative programs to serve specific diseases or for population-based programs. The platform can supplement or replace existing networks used in benefit plans. And all participants in the ecosystem – employers/payers, providers, technology partners and consumers have access to the data assets needed to help build those programs.
Promoting Innovation
OpenNetworks is fundamentally two things: a contracted health care provider network and a payment platform. The contracted network takes advantage of new federal laws and regulations intended to remove the veil of secrecy around negotiated payment rates. The payment platform is like the Rosetta Stone of transactions with the network. The platform is the key to deciphering and simplifying the complex codes and standards relating to health care payments. It is the central hub for empowering a wide range of organizations to build capabilities that can be offered to employers and individuals who have access to the network and platform. Using an open A.P.I. framework, businesses can leverage the network and platform to offer disease management, population health, bundled payments, revenue cycle management and a host of other services related to health care payments.
Embracing a Changing World
OpenNetworks is a natural synthesis of ideas already changing our lives. We looked at blockchain projects to inform our views on decentralization and community building. We compared those ideas to the long history of Cooperatives and integrated the best of both approaches. We evaluated advanced cryptography techniques that have application to the verification and security challenges in health care. We continue to embrace A.I. in every dimension of our work and know that what we are creating will become the ultimate avenue for expressing the potential of A.I. as it is applied to health care.
We also know change is a constant. For that reason, we believe we are planting a garden for all seasons.
Security and Reliability are no longer a worry
All participants in the ecosystem benefit from an enhanced security. Through open networks, employers retain ownership and control of their employee data. This frees employers to see and analyze all of their healthcare data and make informed decisions. Secure data sharing benefits all via a common database that remains immutable once written. Zero knowledge proof protocols will soon be created to achieve extraordinary levels of HIPAA security while eliminating the burdens of that compliance.
Benefits of OpenNetworks
Enhanced Patient Care
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Cost Savings
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Increased Accessibility
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Collaboration Opportunities
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Data-Driven Insights
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Regulatory Compliance
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Transparent and Ethical Healthcare
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Technological Advancements
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Community Engagement
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Advocacy and Influence
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