AUSTIN, Texas, Oct. 16, 2018 /PRNewswire/ -- Timicoin/TimiHealth (www.timicoin.io), a healthcare Blockchain-as-a-Servicecompany and FirstVitals Health and Wellness, Inc. have entered into the development phase to use TimiHealth's blockchain to both aggregate data across multiple electronic health records (EHRs) used by providers across the State
FirstVitals serves approximately 100 primary care physician practices that are participating in the CPC+ program representing 40,000 attributed Medicare beneficiaries. This five year CPC+ program will run through 2021 and includes Hawaii Medical Service Association (HMSA), the Blue Cross Blue Shield of Hawaii, as a payer partner. CPC+ allows physicians to participate in one of two tracks that provides monthly care management fees on average $15 and $28 per beneficiary per month (PBPM) plus monthly quality bonuses of $2.50 or $4 PBPM, respectively for tracks 1 and 2. Additionally for the most complex 10% of the population and those with dementia, physicians under track 2 will get a $100 PBPM care management fee.
"The value of delivering a tangible solution for the CPC+ though the TimiHealth blockchain technology to eliminate EMR data silos and a care plan accessible by a patient's care team is immeasurable to our community in Hawaii. The FirstVitals and TimiHealth partnership is enabling our physicians to participate in an advanced alternative payment model (APM) while capturing millions in care management revenue to deliver better patient outcomes," explained Ernie Lee, Founder of FirstVitals. "We see blockchain and TimiHealth as a key technology that moves us forward to meet our goals," Lee concluded.
TimiHealth is mapping indices to a variety of EHRs used by FirstVitals provider partners including, Elation, Cerner, Centricity and eClinical Works. Data will be readily available via the blockchain for FirstVitals' care coordinators so that they will be able to support Medicare CPC+ care plan requirements seamlessly for care continuity, real-time access, and targeted care management. Patients will also have access and control of their own personal health data and have the option to tokenize it via TimiHealth if they so choose.
"What we are implementing with FirstVitals is exactly how we envisioned blockchain solving the core issues in healthcare. TimiHealth is the leading organization in addressing the issues of interoperability between EMRs and the development of a patient-centric care plan that provides a singular comprehensive view of one's data. We are seeing tremendous interest from the health industry and are already engaged in multiple negotiations to bring this solution to large health plans and millions of lives," said Will Lowe, founder of Timicoin/TimiHealth.
About FirstVitals Health and Wellness Inc:FirstVitals Health and Wellness Inc., in partnership with physician organizations and physician practices is providing physician extender services to support practice transformation, identifying patient gaps in care and improving practice workflows to meet participating payers' quality incentive measures.
About Timicoin/TimiHealth: The Blockchain-as-a-Service Platform provides decentralized healthcare data which can be accessed instantly from anywhere in the world. Timicoin/TimiHealth (Timicoin.io) is a patent-pending solution to securing patient data, while providing unprecedented portability. The company is actively deploying pilot programs in the US, Mexico City and Monterrey, Mexico.
Media Contact: Adrienne Mazzone 561-750-9800 x2270; firstname.lastname@example.org
View original content:http://www.prnewswire.com/news-releases/firstvitals-health-and-wellness-inc-and-timihealth-enabling-interoperability-and-care-coordination-via-blockchain-300731858.html
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