Author: Wang Yanhua
Solve.Care is an up-and-coming blockchain-based startup in the healthcare industry. According to its CEO Pradeep Goel, Solve.Care had a very successful ICO, which raised USD 20 million.
Solve.Care is a healthcare administration platform on blockchain that patients, employers, physicians, healthcare organizations and insurance companies can use to make care delivery more efficient.
Block Asia caught up with Goel at the 2018 Asia Digital Asset & Blockchain Congress in Tokyo to find out what Solve.Care is up to.
Solve.Care aims to create major cost savings by facilitating authorised peer to peer transactions that delegate authority to individual stakeholders whilst still affording cost control and oversight to payers.
Goel told Block Asia, “You don’t need to sacrifice autonomy for risk management. There are ways that we can coordinate care around the patient and still have proper control. It always boil down to getting the maximum care that I can get for the lowest price.”
By incorporating blockchain, it seeks to empower individuals to effectively manage their healthcare decisions and replaced inefficient and duplicative systems with intelligent automation.
Goel said, “Blockchain was more of a discovery for us. We were building the platform, and we knew that centralised databases won’t do the job. Then, we found blockchain. It started to make sense, as it looks like a really good use case of blockchain. The immutability of data will be really helpful.”
OPPORTUNITIES IN JAPAN
Goel said, “We are partnering with a cancer care network in Japan. The process is very slow and cumbersome, and insurance companies want it to move faster. It’s part of the reason why we’re here.
“We see Japan as a really good growth opportunity, as it has an ageing population.”