SIMPLY VITAL HEALTHPOWERING TRUE CARE
About Health Nexus By Simply Vital ? Health Nexus, developed by SimplyVital Health, is a blockchain-based decentralized healthcare protocol that empowers providers' transition to payment-for-outcomes, regardless of clinical affiliation. It uses uses a Distributed Hash Table combined with an Ethereum base Blockchain to provide frictionless data sharing and access to new revenue streams. The goal of Health Nexus is to allow users to buy/sell/share medical data, HIPAA compliant data storage space, and computations space. This will be accomplished via an upgrade to data integrity and security system and the addition of an executive governance system for node validation resulting a entirely new protocol. Their current revenue generating platform in the market, ConnectingCare, is a realistic, practical utilization of blockchain technology. An intentionally simple introduction of blockchain technology into healthcare, this tool augments their current customers’ infrastructure using existing data to create care pathway flexibility, prospectively track financials, maintain immutable records, and accurately monitor analytics. Our goal is to transform Value Based Care using blockchain technology. Our system will provide a thriving ecosystem for creating a healthcare marketplace and the opportunity for sharing of healthcare data, with the goal of reducing the friction around and to increase the financial upside for providers participating in effective coordination. This marketplace can include apps for every piece of the care continuum such as healthcare facilities, insurance agencies, pharmaceutical companies, and research institutions. Because of the accessibility of the marketplace, applications can be written for local scale or globally. Example application layers that can be implemented on a local or global scale:
1. Clinical Quality Metrics (CQMs) - Automatic distribution of updated CQMs from the Federal government and payers, which change annually. - Automatic reporting on CQMs. Physician practices spend over $15.4 billion annually reporting clinical quality measures, a cost due to inefficiencies. 2. Transparency - Access to deidentified data for facility and provider benchmarking locally, regionally, and nationally in near real time. Current data from CMS, for example, is 2 years behind. This ties with CQMs and Value Based Care programs such as MACRA. 3. Insurance payments and reimbursements - Ability to create new and expand upon existing Value Based Care reimbursement programs such as Bundled Payments. Bundled Payments can have a massive impact on driving down cost and improving quality care. But, the processes are arcane and inefficient. A shared ledger and transparency can pave the way for new models. - Ability to financially gainshare with the entire care continuum. CMS has made it legal to share savings from the surgeon all the way down to the patient. A complex process that can be easily automated via smart contracts. 4. Pharmaceutical tracking - Prescription and HLTHication purchase and tracking locally, nationally, and globally - Enabling a nationwide Prescription Drug Monitoring Program. Currently 49 states have a PDMP but access to data out of state is not accessible. Utilizing blockchain technology safely and securely stores this information, which is a well documented concern within these systems. 5. Data Accessibility and Sharing - Ability for healthcare providers, facilities, researchers, pharmaceutical companies, and patients to sell their data in ways tied to positive economic externalities merged with positive outcomes at mass scale. This is a massive industry with a few major players, such as LexisNexis. Right now, only companies such as LexisNexis profits. Meanwhile, healthcare spend billions of dollars re-purchasing this data. Case in point, Pfizer spends $12MM annually purchasing healthcare data. 6. Digital Insurance/Futures App [Securing the Assets of Decentralized Applications using Financial Derivatives] - A marketplace to provide insurance to take care of your decentralized application in an effort to provide additional security. A UMass Amherst professor researching blockchain security has suggested and written about such a protocol.[1] Vision Our current platform in the market, ConnectingCare, is a realistic, practical utilization of blockchain technology: an audit trail of activity in the platform, a requirement of digital health companies. An intentionally simple introduction of blockchain technology into healthcare, this tool augments our current customers’ infrastructure using existing data to create care pathway flexibility, prospectively track financials, maintain immutable records, and accurately monitor analytics. But our vision has always been much grander: ushering in a new era. Health Nexus, our blockchain ecosystem, is the fuel for value based care. Shattering healthcare silos and bridging providers across healthcare systems, Health Nexus propels healthcare infrastructure forward and, through the efficient and trustworthy ledger blockchain provides, empowering providers’ transition to value based care regardless of their clinical affiliation. We’re a team of experienced leaders in blockchain and healthcare with a track record of success. We are both futurists and realists. We've thought deeply about where blockchain can lead healthcare. Most importantly, however, we have the hands-on experience to turn a vision into reality. About Token
There are several benefits to establishing a new token. Due to the strict regulations around privacy and security in the industry, healthcare processes and data sharing capabilities will need to be run on a dedicated Blockchain system. As such, there would be several interoperability issues if another currency is used. Other currencies, like Ether, would not be able to function appropriately with a HIPAA-compliant system and Healthcare to achieve its maximum value due to its openness and lack of governance. With a focus on security at the core, this token will also be able to: 1. Reward miners/validators and data storage devices that run our ecosystem; 2. Provide an extra incentive for early adopters of the platform; 3. Provide a transaction currency that allows one the ability to buy and sell medical data in real time and take part in the previously mentioned medical application system; 4. Provide funding to allow us to give some financial backing to the currency for the healthcare providers who may in the early stages need an easy way to convert their tokens to cash. The crowdfund will last 60 days. The crowdsale will be capped at 40 million USD with 200,000,000 HLTH created. As soon as this amount is reached, the smart contract will stop accepting funds. At the end of the 60 day crowdfunding period, token transfers will be open to the token holders and to exchanges. Token transfers will not be allowed by the contract until then. There will also be bonuses applied. For the presale, 40 million tokens are available at a 40% bonus. Tier 1 (main sale), 20 million tokens are available for a 20% bonus; Tier 2 will have 30 million tokens at a 10% bonus; the remaining 30 million tokens will be sold at no bonus. The following table below shows the overall specification and breakdown of the token distribution. Any tokens not sold during the crowdsale will be burned. Team
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