HPEC will give each physician a self-sovereign digital identity attached to a digital asset wallet that holds the physician’s credentials. The credentials will be portable, and validated and authenticated digitally by the respective credentialing institution. HPEC will give physicians sovereign control over their digital identity, professional brand along with the data that identity creates including;
Physician Identity & Credentials
The current credentialing process is fraught with administrative waste. When credentials are validated on the platform it will eliminate the uncompensated administrative burden physicians carry. Furthermore, Physicians will now have complete control, reducing the risk for identity theft and giving them an opportunity to be paid for access to their credentials and data.
Physician to Physician Communication
Physicians currently communicate largely via word of mouth or on centralized platforms that are influenced by outside parties and therefore are not secure. With HPEC their HPEC identity, physicians will be able to communicate directly and securely with no third party influence or oversight, thereby protecting their professional identity and credentials while also protecting the privacy of their patients protected health information.
Patient Communication & Health Records
Patient data is currently centralized to siloed health systems giving middlemen and data brokers unlimited access and ability to capitalize on that data for their own interest. Through this technology the patient record will now be accessed and controlled by the patient. Sharing of the record will only be permissioned by the patient directly or through the doctor that created it, giving the physician agency and the patient stewardship over their protected health information- keeping data private and controlled by the end user.
How do we build the foundational self-sovereign identity layer?
When a physician graduates or obtains a state license, the credential issuing body will issue a digital credential to the physician while also writing that the credential was issued onto a distributed ledger, otherwise known as a blockchain. This creates a decentralized data registry of physician credentials.
When a credentialing verifier, such as a health system, an insurance company, or a new employer asks for proof of credentials, they will now be able to only ask the physician. They will no longer have to do a secondary verification. The credential verifier simultaneously cross checks the validity of the credential against the decentralized data registry, which is cryptographically secure and updated in time.
The HPEC platform will remain decentralized and owned by the physician users of the network because we will follow self-sovereign identity standards developed by entities like the W3 consortium as modeled here.
What this means for practicing physicians
Physicians will now be in complete control, and they will be the only source of truth regarding the validity of their credentials. Physicians will control to whom they disclose their credentialing information, and for how long they want it disclosed. They can choose to share only the portions of information that are required, and nothing more.
For example, a physician can prove that they have the credentials to prescribe medication to a pharmacy without having to put all of their other professional identifying information onto the centralized e-prescription registry. This will protect physicians from risk of identity theft and data mining surveillance practices. This solution is privacy preserving for both physicians and patients. Now only the physician will know their prescribing and referral patterns, and that information will be stored and owned by the physician to whom that data belongs.
Physicians will also be able to verify their credentials instantaneously, in order to change jobs quickly. This will empower the physician community to have employment mobility in order to take control over their right to work. Freedom of mobility will empower physicians to choose jobs that treat them fairly. HPEC will make it easier for physicians to leave jobs and insurance networks if they are unhappy. They will also find it easier to pick up part time extra temporary work with ease.
As we approach a critical mass of physicians on the network, we will have an increasing ability to collaborate and communicate privately with each other and our patients. Because HPEC is decentralized, it eliminates the risk of privacy infringing surveillance models or distant and bloated bureaucracies influencing the practice of medicine.
HOW WILL THIS MAKE MONEY?
When a physician charges for access and use of their credentials or data through the HPEC system, we charge a low 2% transactional fee.
Systems already pay an average of $3000 for the credentialing process on averagy every two years per physician. Our system will be more accurate and secure and less expensive and administrativly burdensome for both the physician and those verifying the physicians credentials.
Later if the physician community chooses to also charge for services through this platform they can charge either the patient directly or through other more common non-patient payers such as
- Insurance Companies
- Medicaid or Medicare
- An employer who self-funds the care of their employees
The physician always sets the price, and is paid at the time the service, data or credentials are rendered.
HOW WILL THE NETWORK GROW?
Physicians want their autonomy back, and this technology has the power to get them there.
Our network is decentralized, so any physician can participate.
We are rewarding physicians for joining the network, so it’s better than free, and easy to join.
When physicians join and participate they will be rewarded with points, which they can then later use for services they need. Examples of those services include: legal aid, advertising, data analytics, payment processing, idea incubation, lobbying efforts etc.…