How does HPEC use blockchain?
Blockchain is a technology that records chains of bundled data. Each record of data is dependent on the previous block of data’s existence. Therefore, it is secure, verifiable, and unchangeable. Similarly to how the internet changed how we communicate and do business starting in the 1990s, blockchain will have an equal if not a more significant impact on how we do business moving forward.
Blockchain was built in 2009 by an anonymous person and is not owned or hosted by any one individual or organization. When a blockchain network is open, no single authority has more than a tiny amount of control. As a result, it is impossible for one person or special interests to control. In short, this defines decentralization. The permanent block structure makes failure and hacking theoretically impossible, which makes it a perfect use case for transactions, record keeping, and voting.
Blockchain allows communities to organize based on shared interests and common goals. The technology is different, allowing for decentralized communities with no need for a board of directors. As such, it’s free from hierarchy.
Decentralization efforts are community driven and can empower the collective efforts of communities who share common goals. So, blockchain allows individuals in those communities to protect their interest and maintain their sovereign rights.
With blockchain technology, we create a Decentralized Autonomous Organization of Doctors – The Doctors DAO.
In essence, this creates a new egalitarian, physician run, open healthcare marketplace- powered by the independent physicians on the network. The marketplace allows physicians to gain access to services that HPEC provides. Also, it creates opportunities for physicians to market their services to others.
How do we verify that only physicians are on the network?
By ensuring every physician uploads their credentials – which become a permanent part of their identity. Verified physicians can create a virtual true identity represented by their digital identity. Next, they can choose to organize into micro-communities by attaching their identity to a specific specialty, hospital or practice location.
The independent physician can attach their identity to a professional organization or to concerns around issues such as MOC, Malpractice, scope of practice, or other issues that affect the physician community. It is always the individual physician who decides to what extent they are involved with any association.
Learn more about how we will create the Doctors DAO HERE.
HPEC is actively searching for physicians who want to own their identity and fight for their communities. If you see the value in creating this opportunity for everyone enough to consider investing we want to hear from you. Enter your name and email here, and we’ll reach out to you directly to discuss investment opportunities.
Components of the Identity
The Doctors DAO gives each physician a self-sovereign digital identity attached to their credentials on a decentralized network. This identity allows for the seamless and instantaneous transfer of skills through healthcare systems via its validated and authenticated ledger. The secure digital transfer of credentials directly from the physician that owns them takes moments. In comparison, the current process takes 2-3+ months.
The current laborious authentication and validation process of hospital onboarding is shortened and streamlined with this model. Currently, onboarding is riddled with errors and redundancies and takes hours of the physicians uncompensated time. Instead of taking 2-4 months and up to $10,000, credentialing can be done instantaneously and inexpensively through the DAO.
This credentialing efficiency will create employment mobility allowing physicians to move between healthcare systems and private practices seamlessly.
The bundle of identities creates a Decentralized Physician Database (DPD) that can be used to fill vacancies. A self-sovereign identity allows the physician to determine the rules of engagement with managed care through the implementation of smart contracts. Freedom and choice eliminate uncompensated administrative burdens, and theft of services that contribute to physician burnout, thereby improving access to care.
Full transparency and smart contracts govern every physician-patient interaction. As a result, There is no more confusion as far as who is “in network.” When patients have portable medical records, they can choose when to allow permissioned access of their data directly to their doctor, without the need for trusted third parties. Freedom, transparency, and choice eliminate surprise bills to patients because they pay physicians at the time of service.
Each physician on the network will have access to a collaborative governance platform allowing them to convene and collaborate with others on the network to come to efficient and fair decisions for all involved.
The technology can be leveraged through strong cryptography allowing individuals to participate based on their shared or differing competencies and interests.
Physicians can tag their unique profile with identifying attribute’s that they choose. Some may be changeable such as a membership to a legacy society or fixed such as a residency or board certification. The DAO will provide for an organizational framework to come to efficient and fair decisions based on the identifying attributes chosen by each physician. Algorithms will be implemented so proper attention can be paid to ensure important issues can be decided on. Proper incentives will be included to reduce the risk of unfair attention or idea representation. Security is ensured through the technology, and the decisions will remain free from the influence from special interests.
Physicians can also use the system to collaborate peer to peer with another physician in the network in order to discuss the best care for a patient- even if the physicians had previously never met. They may also leverage the collective physician voice and vote on issues that pertain only to them or their patients, by including only what they have an interest or competency in.
Physicians collaborate and vote for the collective good using powerful algorithms.
Physicians can organize around shared interests, areas of expertise, and trust of others in the network. If a physician feels that a vote is out of their scope, they can delegate the decision.
Physicians on the network implement decisions that are approved and abandon those that do not pass through the DAO.
DECENTRALIZED PHYSICIAN DATABASE (DPD)
Physicians upload their credentials and update them as necessary.
Additionally, Institutions, licensing boards, and organizations get an identity. Then, physicians can allow permissioned access as they choose.
Physicians are on the front lines of healthcare delivery. They have little influence on how to run the system, and they feel hopeless. Because of this, many are leaving medicine, further worsening access to care.
What's in it for me?
Is this just about organizing physicians?
No. HPEC provides a way for physicians to practice free from third-party interference. Further, HPEC physicians determine their rules of engagement with managed care.
We understand that the physician’s abilities are the most important product of healthcare, and we are building the delivery model for that product in a digital space. When all physicians can organize in one space and maintain their independence, we will begin to regain our autonomy.
Two healthcare behemoths have already begun building blockchain technology!
The F-SMB has already begun putting physician credentials on a Closed Permissioned* Blockchain where they will continue to maintain control.
HPEC is different because we provide physicians with a self-sovereign identity where there is direct control by the end user- the physician.
The A-MA is also building a Closed Permissioned* Blockchain protocol in order to capture the data it generates from it’s coding protocols
HPEC is different because unlike the closed permissioned blockchain protocols mentioned above it will use an open permission-less blockchain and is therefore decentralized. Each physician has sovereign rights to their digital identity.
HPEC ensures that the physician will not only have sole ownership and control of their credentials, and data, but will also provide a platform for each physician to influence outcomes through the voting process. Furthermore physicians on the will also be rewarded for your work, because you own the product.