SIMPLY VITAL HEALTH,THE HEALTH SERVICE UTILIZING BLOCKCHAIN TECHNOLOGY.

andhiniputri123 (25)in #ico • 7 years ago

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What is Simply vital Health?

As said earlier, SimplyVital Health is a health startup service that utilizes blockchain technology to simplify medical records. In elaboration, SimplyVital Health is a blockchain oriented distributed system specifically designed for Healthcare. Existing blockchain distributed systems are not adequate for healthcare, the goal of SimplyVital Health is to create a blockchain system that can pass the security expectations and requirements of healthcare by ensuring better data integrity, encryption, and by providing a validation system to ensure the miners running this network are compliant entities.

SimplyVital Health are powering true care and propelling the healthcare infrastructure forward. With an increasingly connected world and a global shift away from payment based on volume in healthcare, providers and patients are seeking more efficiency in care coordination. When providers work together across clinical boundaries, patient care is better, more streamlined, and less expensive. However, existing soiled infrastructure creates a massive barrier, crippling the providers’ ability to improve care

WHY THE NEED FOR SIMPLY VITAL HEALTH?

Health sees historic changes through payment reform. Ineffective co-ordination of care will result in financial penalties for service providers. The provider can not succeed with the existing technology infrastructure. Our platform helps service providers in this new environment.

HOW IT WORKS

SimplyVital Health uses a Distributed Hash Table combined with an Ethereum base Blockchain to provide, among many other features, an ability for frictionless data sharing and access to new revenue streams.
This is accomplished via an upgrade to data integrity and security system and the addition of an executive governance system for node validation.
Existing platform provides security Their current 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.

Currently, there is a shift in healthcare to Value Based Care (VBC), which rewards healthcare providers for outcomes in patient health as opposed to the specific procedures used to attain those outcomes. This shift is largely driven by the U.S. government to reduce costs. The introduction of blockchain technology into healthcare, which will increase transparency of information related to patients and their medical histories, will be a key component to implementing VBC.

Given the regulations in safeguarding patient privacy, such as HIPAA (Healthcare Insurance Portability and Accountabilty Act), healthcare organizations are struggling to put critical patient information and histories on a single platform to be used for optimal treatment and care. As patients receive treatment by different providers, they are likely to have critical information about themselves stored separately to safeguard their privacy.

This segregation of data could have consequences for their treatment, given that healthcare providers may be missing information in the patient’s history that could be useful for their treatment. Blockchain technology can potentially allow for the merger of all of these pieces of data to empower healthcare professionals while safeguarding patient privacy and complying with HIPAA and other regulations.

How to overcome this problem?

Value-Based Care (VBC) provides a better alternative that gives more priority on patient's health because it gives awards to service providers based on the quality of the care provided to patients.

VBC-based program would reduce health care costs while providing quality care for the individual.

This is an innovative concept that truly reforming the existing health care system in the US.

JustHealth health Nexus is the VBC programs will be developed using the blockchain technology.

To gain access to the system, users need to purchase a token named "HLTH" to be issued by the company for the sale of tokens they started October 2017.

Token holder will have access to data storage, smart contracts, markets and much more. . To learn more about the registration procedure for sale of the token.

HEALTH NEXUS?

Health Nexus propels healthcare infrastructure forward and, through the efficient and trustworthy ledger blockchain provides, empowers providers’ worldwide to transition to value based care regardless of their clinical affiliation. The simplicity of secure data sharing allows a patient’s entire care team, from surgeons to specialists, to coordinate the care every step of the way.

In conclusion, with reference to the aforementioned, of the issue Ineffective co-ordination of care mostly result in financial penalties for service providers will be resolved. Majorly, Simply vital health will bring about effectiveness and co-ordination in the health sector which draws alongside other benefits.

BENEFITS OF INVESTORS

Miners or validators can be rewarded with tokens for contributing to the basic operations of the network.

(2) Users who store data can be rewarded for their contribution to the network.

(3) Early adopters of the platform can be incentivized by being offered the token.

(4) The token will serve as a means of instantly buying and selling data.

(5) The token will provide liquidity to the network so that healthcare providers can convert their tokens to cash.

ABOUT TOKEN SALE AND DISTRIBUTION

SimplyVital Health will issue its own token or currency, Health Cash (HLTH), to facilitate the storage and tranfer of data on its Health Nexus blockchain network. Health Nexus and the HLTH token will operate on top of the Ethereum blockchain, a blockchain protocol that is growing in popularity and use due to its continual development and security. To preserve the value of the HLTH token, a maximum of 200,000,000 will be created during the crowdsale taking place from October to the end of November 2017, and those that are not purchased will be burned. The HLTH token is ERC20 compatible, which will allow it to be used with popular Ethereum wallets.

ABOUT TOKEN SALE AND DISTRIBUTION

Token name: HLTH token.

HLTH Token Sale Details:

Early Bird Bonus: 20%
Minimum objective: $500,000 USD
Maximum amount: $40,000,000 USD
Max HLTH total supply: 200,000,000 HLTH
Max HLTH sold by crowdsale: 120,000,000 HLTH