The reasons a person does not see a doctor can be complex. There are those who simply don’t believe in going while others stay away out of fear of needles or because they are nervous about catching a disease while at the doctor’s office. A large percentage, however, simply cannot afford to go. Depending on where you live, if you don’t have insurance, a routine checkup can begin at $120, outside of many people’s budgets, and of course, we have all heard the stories about patients left with thousands of dollars to pay to a hospital. To help bring down costs and make a trip to the physician affordable, Claver Misago founded Medical 24/7, and it is innovating how the healthcare industry is run.
“In the healthcare industry, billings are done by medical billing and coding companies,” Claver explains. “There’s a lot going on behind the scenes that many people don’t see. The manual process of writing codes and submitting bills to payers (insurers) takes a long time and in many cases can result in errors in the bills as well as the bill being returned to senders, causing more delays in payment and more fees added to the charges. This is one area we focus on.”
To solve these issues, Medical 24/7 innovated technology. “We have a one-of-a-kind blockchain platform that involves all stakeholders in any healthcare process, solves the issues of billings, and delivers better healthcare.”
Medical 24/7 offers three services that are changing how healthcare is done.
- Medical 24/7 is an access-control manager of health data and medical records, giving people the power to take control of their own health data and medical records.
- The company provides interoperability services within the health IT ecosystem.
- Medical 24/7 provides a unique billing system with the blockchain platform.
The benefits of the company’s services are considerable:
1. Secure: All payments through Medical 24/7 blockchain are more secure, faster, and low-cost through the use of encrypted distributed ledgers that provide trusted realtime
verification of transactions without the need for intermediaries.
2. Reliable: The technology solves manual issues occurring in billing processes as well as reduces overpriced testing. The blockchain technology enhances reliability, as full copies of the blockchain ledger are maintained by all active nodes. Thus, if one node goes offline, the ledger is still readily available to all other participants in the network. A blockchain lacks a single point of failure.
3. Automatic: Payers will automatically release funds when a trigger event occurs, such as a patient getting a prescription filled or laboratory tests being completed.
4. Instant Outcomes: Medical 24/7 serves as the universal access control manager of health data and medical records, allowing simultaneous and immediate data access across multiple independent health systems.
Medical 24/7’s work is growing, and its impact is being felt across the healthcare industry. It is recognised by international communities as one of the top 50 healthcare companies based on five parameters: overall reach, industry impact, spirit of innovation, future readiness, and market demand. Claver himself has been recognized as one of the top 100 healthcare leaders in the world. Both awards will be accepted in June 2021.
Claver is optimistic about the future of healthcare. “With advancements in technology, it looks promising. In addition, the COVID-19 pandemic has been a wakeup call for the world. We are seeing changes in regulations that have been obstacles for the healthcare industry. I think between those changes and the innovations of Medical 24/7, we’re going to see a lot of amazing improvements in the healthcare industry that will ultimately make the lives of countless people better.”
Claver has a lot of experience in entrepreneurship through his work with Medical 24/7, and he is always willing to pass along what he has learned. “Success is the happy ending of failures if you keep on pushing forward. That’s why Medical 24/7 is here today. I struggled a lot but never gave up. I also tell new entrepreneurs that if they can think of something, do it. Get up and take action! I saw a huge problem in the healthcare industry and created Medical 24/7 to solve it.”
As for challenges, Claver laughs. “Let’s face it – anytime you do anything on this scale, you will have challenges. But I have a lot of talented people working alongside me, and Medical 24/7 is the result of their hard work and effort. I owe a lot to them.”
Is Medical 24/7 accomplishing its mission? “Oh yes,” Claver says, smiling a little. “It is happening slowly, of course. The medical industry won’t change overnight. But I do believe bills are growing more affordable. As they do, more and more people will go to the doctor when they are sick, and I will know Medical 24/7 is doing everything it has set out to do.”
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