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Aetna and Ascension Join Five Other Leading Health Care Companies in Blockchain-Driven Effort to Address Health Care Provider Data Issues

Pilot Launched in April under Leadership of Humana, MultiPlan, Optum, Quest Diagnostics and UnitedHealthcare

Aetna and Ascension Join Five Other Leading Health Care Companies in Blockchain-Driven Effort to Address Health Care Provider Data Issues

Aetna, a CVS Health business, and Ascension have joined the pilot project applying blockchain technology to improve data quality and reduce administrative costs associated with changes to health care provider demographic data.

Humana (NYSE: HUM), MultiPlan, Quest Diagnostics (NYSE: DGX) and UnitedHealth Group’s (NYSE: UNH) Optum and UnitedHealthcare announced the launch of the Synaptic Health Alliance pilot project in April. The Alliance is exploring how blockchain technology could help ensure the most current health care provider information is available in health plan provider directories, providing consumers looking for care with the most accurate information when they need it.

Aetna, which serves more than 22 million medical benefits members, is uniquely positioned to share and contribute to innovative solutions in collaboration with the Synaptic Health Alliance.

Ascension, the largest nonprofit health system in the United States and the world’s largest Catholic health system, brings a care provider-centric viewpoint to the Synaptic Health Alliance on the complexities of contributing to accurate care provider directories.

Maintaining up-to-date health plan provider directories is a critical, complex and challenging issue facing organizations across the health care system. Federal and state laws require that health plans maintain directories containing basic information about physicians and other health care providers. Industry estimates indicate that $2.1 billion is spent annually across the health care system acquiring and maintaining provider data.*

The pilot is exploring how blockchain technology can be used to actively share data with the aim of showing potential administrative cost savings for health plans and care providers while demonstrably improving care provider demographic data quality and consumers’ health care experience.

A new Synaptic Health Alliance white paper, “Improving Provider Data Accuracy: A Collaborative Approach Using a Permissioned Blockchain,” provides background information on the Synaptic Health Alliance and an overview of the pilot project, including the rationale for the blockchain technology being used.

For additional information, please reach out to the contacts listed below or visit www.synaptichealthalliance.com.

*Health Plan Week; Volume 27, Number 4; Jan. 30, 2017

About Aetna
Aetna, a CVS Health business, serves an estimated 39 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental and behavioral health plans, and medical management capabilities, Medicaid health care management services, workers' compensation administrative services and health information technology products and services. Aetna's customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, visit www.aetna.com and explore how Aetna is helping to build a healthier world. @AetnaNews

About Ascension
Ascension (www.ascension.org) is a faith-based healthcare organization dedicated to transformation through innovation across the continuum of care. As the largest non-profit health system in the U.S. and the world’s largest Catholic health system, Ascension is committed to delivering compassionate, personalized care to all, with special attention to persons living in poverty and those most vulnerable. In FY2018, Ascension provided nearly $2 billion in care of persons living in poverty and other community benefit programs. Ascension includes approximately 156,000 associates and 34,000 aligned providers. Ascension’s Healthcare Division operates more than 2,600 sites of care – including 151 hospitals and more than 50 senior living facilities – in 21 states and the District of Columbia, while its Solutions Division provides a variety of services and solutions including physician practice management, venture capital investing, investment management, biomedical engineering, facilities management, clinical care management, information services, risk management, and contracting through Ascension’s own group purchasing organization.