The current approach for healthcare interoperability is based on traditional point-to-point protocols and application programming interfaces (APIs). While APIs enable data sharing, they are costly to implement, resource-intensive to maintain and not scalable to accommodate changes, especially across the entire ecosystem of healthcare. In the absence of an intentionally designed network architecture, each healthcare enterprise must absorb the variability, cost, and complexity of building new or improving existing business processes. As a result, our industry creates billions in waste each year, associated mostly with burdensome tasks such as invoice reconciliation, billing errors and insurance administration activities.
A decentralized network architecture provides the intentional design needed to simplify how healthcare is transacted. Its core technologies establish consensus and trust that is consistent across all network participants. Trust and consistency lead to simplified methods of innovation and lower operating costs.
Connect with us to learn how some of the most innovative companies have begun building solutions on a decentralized network architecture to reduce waste and move forward to realize the full potential of healthcare.
COO, Avaneer Health
Featured Avaneer Content
We’re attending the following spring events to connect with industry leaders like you! Check out our recent article in Becker’s Hospital Review where we discuss how a decentralized network advances healthcare innovation, or schedule a meeting to learn how Avaneer Health is reimagining the business of healthcare.
- ViVE 2023 March 26 – 29, 2023, Nashville
- Becker’s Hospital Review 13th Annual Meeting April 3 – 6, 2023, Chicago
- HIMSS23 April 17 – 21, 2023, Chicago
Avaneer Health Launches its Decentralized Network and Platform to Transform Healthcare Administration
We recently announced the launch of our private, peer-to-peer digital network with several leading healthcare organizations, including CVS Health, Cleveland Clinic, Elevance Health (formerly Anthem), and Sentara Healthcare.
“This advancement is a foundational step towards simplifying health care processes, which streamlines finding and transacting with peers on a secure, permissioned network,” said Sherif Kamel, SVP of Enterprise Delivery at CVS Health. “We’re excited by the real-time capabilities this unlocks and look forward to enabling these services on the Avaneer Health network.” Read more.
“The U.S. spends more than twice as much on healthcare administration than other wealthy nations, and a significant percentage is administrative waste.”
– Stuart Hanson, CEO, Avaneer Health
Exploring Decentralized Architecture Networks in Healthcare
Health IT Analytics
The idea of using decentralized architecture networks to break down data silos and achieve data fluidity in healthcare is gaining attention, and for good reason. This insightful article explains the difference between a centralized and decentralized network and explores the benefits and potential use cases, as well as the challenges. Read more.
A New Way of Thinking About Interoperability in 2023
True interoperability requires three key elements: Trust, transparency, and data fluidity. To achieve full interoperability, we need more than our current protocols, APIs, and one-to-one connections can provide. We must think beyond our current systems to develop a broader definition of interoperability—one rooted in “possibility thinking.” Read more.
3 Conditions that Must be Met to Make Interoperability a Reality
There is no question that we have a long way to go to achieve true interoperability and data fluidity, but we’re getting much closer. With technology available today, if fully utilized, the industry can take a giant step forward. We wouldn’t need to throw out existing systems, at least not yet. Here are the three things that need to happen to get started. Read more.
From the Avaneer Blog
How Healthcare can Become More Interoperable With a Decentralized Network
The challenges of today’s outdated interoperability architecture are significant. From a connectivity standpoint, partner collaboration requires numerous system integrations with multiple third parties. Incremental data availability is needed to support manual workflows through request-then-response patterns.
In a truly interoperable healthcare system, data would not need to be requested, aggregated, and validated each time it is needed. Instead, it would be continuously refreshed, always current, and accessible in real time via a secure, decentralized network to those who are permissioned to access it. Read more.