Photo Source: CoinGeek

Recap: CoinGeek Conference Live 2020

Didn’t have a chance to watch our presentation at CoinGeek? Here’s what you missed: 

Cheryl Jorgenson PharmD, MS. CSP, Chief Clinical Officer, Joseph Eckstein, Director of Product Design, and Ron Austring, Chief Scientist, were chosen to represent EHR Data at our second appearance at a CoinGeek Conference—virtually, of course 

Our newest video, “Who is EHR Data? kicked off the presentation and set the stage for what we aim to achieve. That is, getting YOUR health data back in YOUR hands.  

Current Situation

Cheryl took the virtual stage first to talk about the current situation of the healthcare industry and how the COVID-19 pandemic added to the stillprevalent opioid epidemic. During the pandemic and subsequent mandatory lockdown, the misuse of opioids increased as people lost access to help and support. The addition of the pandemic to the epidemic has created a situation that Cheryl described as an Infodemic, information is stored in disparate silos. With health information in separate places and not being shared, health providers are not able to make the best decision for patients“Our solution is not one that is a basic solution—but a global solution,” Cheryl says. “Bringing the siloed data together, so that it is both intra- AND interoperable, on the Bitcoin SV blockchain, we have one single source of truth.” 

Developments

Joseph delved into our development progress and explained how our Missouri Proof of Concept works. “What we are trying to prove [with our proof of concept] is that the system is an inter-system data model, which is interoperable,” Joseph explained. “When we started, we had an advantage. A lot of companies that have done this. For example, an insurance company may have built their data model around an insurance card or a payer.  A pharmacy may have built their model around a prescription or the pharmacy itself. We had the opportunity to take a step back and build our model—the database and messaging, around the person, which has allowed us to act as a middleman between pharmacies and the payers. We’re using industry standards and communication methods already available so we can communicate with individual entities and they have to do as little work possible, if any, to be able to integrate with our system.” 

Joseph then explained our real-time functionality. This is important because there are many existing solutions where providers and pharmacists either have 24-48 hours to complete reporting or they might have to manually login to a website to enter information that may have already been entered in a different system. Because we are built on industry standards and existing methods of communication that are occurring between the individual entities, we can provide our services and benefits in a real-time, synchronized way.       

Process

Joseph then passed he baton to Ron who explained the actual process of our solution. Once we receive the data from prescribers, pharmacies, medical devices, etc. into our EHR Data Permissioned Operations API (EPO) we communicate with nChain’s Metanet Writer and nChain technology to transfer the data to the Bitcoin SV blockchain. “On the Bitcoin SV blockchain, we’re only putting the hash,” Ron explains. “The reason for that being is it’s medical data. Because of different rules and regulations, we can’t actually put the healthcare data right on chain. So, we are trying a different approach.” 

Ron also detailed the process of real-time data and batch data monetization as well as how our utility is “designed as a low cost, transaction-based solution for exchanging and monetizing healthcare data.” 

Watch our entire CoinGeek presentation here.