Apothēka Systems Inc. Joins athenahealth’s Marketplace Program to Bring the Cutting-Edge Power of Blockchain and Artificial Intelligence Capabilities to Physicians and Patients

Apotheka
Systems
Inc.,
a
provider
of

blockchain
and
AI
to
facilitate
digital
transformation
through
EHR
integrations,
today
announced
an
agreement
with athenahealth,
Inc.
through
the
company’s
Marketplace
program.
As
part
of
the athenahealth^® Marketplace,
this
newly
integrated Apotheka
Digital
DLT (Distributed
Ledger
Technology)
Passport
is
now
available
to
athenahealth’s
growing
network
of
healthcare
providers
to
add self-sovereign
patient
IDs,
providing
patients
with
more
control
over
their
own
care
management
and
 which
piece
of
information
to
share
within
athenahealth’s
care
network. 

Apotheka
Digital
DLT
Passport capabilities
and
use
cases:

1. 
   Transparency:
   Provides
   transparent
   and
   immutable
   patients’
   record
   of
   transactions,
   which
   can
   help
   ensure
   that
   all
   parties
   involved
   in
   patient
   care
   have
   access
   to
   the
   same
   information,
   reducing
   medical
   errors,
   disputes
   and
   fraud.
2. 
   Data
   Security:
   Blockchain’s
   decentralized
   nature
   makes
   it
   more
   secure
   than
   traditional
   centralized
   systems,
   as
   there
   is
   no
   single
   point
   of
   failure
   for
   hackers
   to
   exploit.
   This
   can
   help
   protect
   sensitive
   health
   information
   from
   cybersecurity
   attacks
   that
   cost
   health
   systems
   upward
   of
   $50
   Million
   plus
   per
   incident.
3. 
   Smart
   Contracts:
   Smart
   contracts
   that
   can
   automate
   various
   processes
   in
   hospitals,
   such
   as
   creating
   unique
   patient
   IDs
   that
   allow
   patients
   validation
   across
   multiple
   systems,
   consent
   management,
   insurance
   eligibility
   checks,
   claims
   processing
   and
   payments,
   based
   on
   predefined
   rules
   and
   conditions.
   This
   can
   streamline
   operations
   and
   reduce
   administrative
   costs
   from
   30%-60%.
4. 
   Fraud
   Detection:
   By
   analyzing
   data
   stored
   on
   the
   permissioned
   based
   blockchain,
   health
   systems
   can
   use
   advanced
   analytics
   and
   machine
   learning
   algorithms
   (AI)
   to
   detect
   patterns
   indicative
   of
   fraudulent
   activities
   considering
   yearly
   healthcare
   fraud
   claims
   amount
   to
   $380
   billion
   plus
   yearly.
5. 
   Interoperability:
   Blockchain
   technology
   can
   facilitate
   interoperability
   between
   siloed
   or
   different
   systems
   and
   stakeholders
   in
   the
   healthcare
   ecosystem,
   allowing
   for
   seamless
   sharing
   of
   information
   while
   maintaining
   data
   privacy
   and
   security.

athenahealth
is
a
leading
provider
of
network-enabled
software
and
services
for
medical
groups
and
health
systems
nationwide.
Its
electronic
health
records,
revenue
cycle
management,
and
patient
engagement
tools
allow
anytime,
anywhere
access
to
drive
better
financial
outcomes
for
practices
and
enable
providers
to
deliver
better
quality
care.
.
athenahealth’s
vision
is
to
create
a
thriving
ecosystem
that
delivers
accessible,
high-quality,
and
sustainable
healthcare
for
all.
As
a
Marketplace
partner,
Apothēka joins
a
community
of
innovative,
like-minded
healthcare
professionals
working
to
bring
best-in-class
solutions
to
the
athenahealth
provider
base. 

To
learn
more
about
Apothēka’s
new
integrated
application,
please
visit
Apothēka’s product
listing
page
on
the
Marketplace.

About
Apothēka

Apotheka is
a
SaaS
company
utilizing
transformative
power
of
decentralized
and
artificial
intelligence
technologies
that
it
integrates
seamlessly
with
clinical
and
business
systems
by
creating
self-sovereign
identities,
decentralizing
personal
and
health
data
elements
on
a
secure
Blockchain
&
AI
eco-systems
to
facilitate
use
cases
like
unique
personal
IDs,
data
security,
integrity
and
interoperability.

The
athenahealth
Marketplace,
the
largest
EHR
app
store,
is
where
athenahealth
customers
find
innovative
healthcare
IT
solutions
that
extend
athenahealth
services
and
allow
customers
to
create
personalized
experiences
to
support
their
organization’s
specific
needs.
Customers
use
Marketplace
partner
solutions
to
boost
practice
efficiency,
increase
patient
satisfaction,
and
engage
patients
in
their
own
care.
The
Marketplace
has
over
400
solutions
across
more
than
60
medical
specialties
and
capabilities
that
are
seamlessly
integrated
with
athenaOne,
athenahealth’s
network-enabled
platform.
Learn
more
at www.athenahealth.com/solutions/marketplace-program.