INTRODUCTION
Healthcare Expenditure in 2016
Australia
% GDP
Canada Germany Japan Mexico UK US
9
172 113 10
456
11
573
10 131 5
274
9
3,200
17
Spend USD bln Source: OECD
We all value our good health and hope to access high quality care when we require it.
Unfortunately, this may turn out not to be the case. Healthcare today, whilst not quite
broken, is certainly straining at the seams.
Global spending on health exceeds $8 trillion annually and is expected to increase to $18
trillion worldwide by 2040¹. In the US, almost one in every five dollars of national output is
consumed by healthcare. This is not sustainable and radical action is needed.
Through our deep expertise in benefit administration and care coordination we have
created a revolutionary new platform that will redefine healthcare for individuals,
employers, providers, administrators, insurers and government agencies around the world.
¹ The Lancet, April 2016 “National spending using health by source for 184 countries between 2013 and 2040”
THE PROBLEM
Solve.Care’s revolutionary platform will significantly improve care outcomes by
dramatically reducing healthcare administration costs and substantially reducing the
opportunity for duplication, waste, abuse and fraud. We expect to create major cost
savings by facilitating authorised peer-to-peer transactions that delegate authority to
individual stakeholders while empowering payers regarding cost control and oversight.
Utilizing blockchain technology, we radically reduce the unacceptable administrative
burden placed on healthcare providers and enhance the care experience of individuals.
THE SOLUTION
It’s a quantum change. Freeing doctors to do more doctoring and putting patients,
not the system, at the very heart of care.
Excessive healthcare administration costs consume resources that should be directed
to improving both access to care and quality of care.
1 Steffie Woolhandler, M.D., M.P.H., Terry Campbell, M.H.A., and David U. Himmelstein, M.D. “Costs of Health Care
Administration in the United States and Canada,” N Engl J Med (2003) 349:768-775
A Win for everyone
5
For individuals and families
Put individuals in control of their healthcare in a simple and convenient manner.
At the touch of a button: make appointments, share records, compare prices,
maximise discounts, manage prescriptions, view personalized care information,
make accurate payments and manage benefits.
For doctors and care providers
Reduce the administrative burden, deliver better care outcomes and have more
time available for actual delivery of care. Publish their availability, verify patients’
coverage and deductible, access appropriate and accurate records, handle
consents, issue prescriptions and coordinate with specialists, labs and therapists.
No more wasted hours spent on the phone with insurance companies.
For employers
Offer employees more robust benefit packages at a cost that is affordable. Build
their own care administration network to reward employees for healthy lifestyles
and to encourage the right behaviour that supports good health.
For government agencies
Gain control over administrative and IT costs, by replacing rigid, expensive system
silos with a flexible care administration network. Focus more on serving the
needs of their population and much less on managing IT vendors and systems.
For insurers
Dramatically improve provider relations and satisfaction from accurate and timely
payments. Automate and simplify case management. Achieve care coordination in
real time. Radically reduce administrative overhead and complexity. Actively
contribute to enhancing customer wellbeing by
THE OPPORTUNITY
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An enormous market
The cost of administrating and managing care and benefits globally is well in excess of $1
trillion dollars per annum. Solve.Care will concentrate its efforts here, to help realise
substantial savings that could eventually amount to tens, if not hundreds, of billions of dollars.
Solve.Care will work with client organisations to establish Care Administration Networks
that significantly reduce costs, improve outcomes, empower providers and engage
members.
Business focus
Solve.Care will provide innovative solutions that reduce the administrative burden, provide
real-time payments to providers, delegate authority to patients and providers, and enhance
quality of care.
Global scale
Our clients comprise insurance companies, healthcare administrators, clinics, large
employers and government agencies. Our solutions have global appeal and we are already in
discussion with interested parties in Canada, the UK, the Middle East, Mexico and Australia.
OUR FIRST CLIENT