How a startup is using blockchain to accelerate the healthcare credentialing process

For healthcare professionals, the journey from “you’re hired!” to the first day on the job is often a long one. 

Before a physician can peruse a patient’s chart or prescribe a medication, they first have to go through credentialing, a detailed background check to verify their training, education, board certifications and other qualifications. 

That takes time. Typically, it’s 90 to 120 days of emailing, faxing, making calls and confirming records, said Lennox McNeary, a Roanoke, Va.-based physician. 

“The places that train us own the information,” she said. “There’s really no consistency in how those documents are stored or managed.” 

In the healthcare industry, that time is money. 

“Every day that a physician is sitting idle because of clerical delays, it’s about $7-10,000 dollars,” McNeary said. 

She added: “That adds up really fast.” 

For McNeary, a physical medicine and rehabilitation physician who served as medical director of an inpatient…

Read the full story from the Washington Business Journal.

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