Ep. 31: Faster, Better Provider Credentialing – Anthony Begando – (CEO ProCredEx)
Anthony Begando, CEO of Professional Credentials Exchange has started and ran many tech companies and has been in the credentialing solutions business for decades. Anthony ran Military Credentialing Solutions from 2008-2016, that company was awarded the Surgeon General’s Excalibur award in 2010 for work it did for the Army National Guard. In this episode, he articulately explains the benefits of an exchange for provider credentialing data. Eventually, he envisions his company will offer all industries with a marketplace to acquire professional credentialing requirements more quickly than existing traditional methods of verifying that a professional job applicants claimed credentials are in fact true and have been validated.
•Introduction of Anthony’s background in healthcare Technology
•Military contracts in early 2000s
•Blockchains for Physician Credentialing by Intel’s John Sotos and David Houlding https://simplecore.intel.com/itpeernetwork/wp-content/uploads/sites/38/2017/05/Intel_Blockchain_Application_Note2.pdf
•Vision for Professional Credentials Exchange? How did you start it?
•Why is provider credentialing data a good use case for blockchain?
•Traditional provider credentialing can take up to 6 months and lost opportunity costs of up to $600-900k for each hire
oExpedite practitioner onboarding cycle time
oReduce revenue forfeitures
oProvide timely updates to practitioner data and accurate directory data
oSimplify the credential gathering and verification process
oEliminate redundant work, while improving coordination and concurrency of data
•Primary and secondary verification data sources
•Credentials Verification Market Pricing
•Provider Credentialing for Telehealth
•ProCredEx announced partners – Texas Hospital Association, Spectrum Health, Accenture (NYSE: ACN), The Hardenbergh Group, HealthLink Dimensions, WellCare Health Plans, Inc. (NYSE: WCG), Anthem’s National Government Services
•Blockchain adoption and awareness in healthcare
•What does it mean when people say blockchain can provide more trust?
•What is ProCredEx’s business model?
•Transaction performance and scalability is critical for ProCredEx’s use case
•Practitioner controls access to their information, securely and privately
•How can ProCredEx affect the traditional credentialing workflow of a health system?
•What are the biggest barriers to adoption?
•What is the critical mass tipping point for mainstream adoption?
•Were there any events or announcements in the healthcare/blockchain space that was very unexpected or surprising to you? Why?
News Corner- Hu.manity.co acquires Betterpath
On April 30, 2019, BetterPath, a 4 year old organization based in Brooklyn, NY and featured on my show (episode 23 with CEO Mat Sinderbrand) announced that it had been acquired by a company called hu-manity.co. They are planning to combine with Betterpath’s suite of health data technologies to unlock some of the 80% of healthcare data that is currently not available to patients, providers, or clinical researchers. Matt will join hu-manity.co as Senior Vice president, Chief product officer, and as a member of their board of directors. Hu-manity.co has creating buzz around the concept the 31st human right, legal ownership of personal data. The united nations’s universal declariation of human rights currently consists of a preamble and thirty articles, when do you think the right to own your own data will become the 31st?
Health Unchained Links
Udemy Blockchain/Healthcare Course ($125 off with HEALTHUNCHAINED coupon): www.udemy.com/blockchain-and-hea…uponCode=DOGUM2019