Bitcoins, Blockchains, & Bioinformatics

Apr 20, 2018

Aloke Mandal, M.D., Ph.D. Hardesty, LLC
April 20, 2018
Information, interaction, and innovation frictions have limited our nation’s healthcare delivery system. Patients and providers may not have access to all the information required; the information may be incorrect; and the information is susceptible to security breaches. Health plans, managed care organizations, health systems, physicians, diagnostic facilities, ancillary providers maintain separate data ledgers for the same patient, with each entity having different regulatory standards for record-keeping. More importantly, since these data are not stored in in one easily accessible location, the net result is increased administrative burdens, expensive reconciliation processes, delay in care, and avoidable medical errors. Earlier this month, healthcare industry giants announced their foray into a blockchain pilot, tentatively to start this spring.
However, long before this prospective launch, Hardesty Healthcare Solutions has been advising a start-up healthcare company on applying the blockchain for chronic disease management, healthcare quality measures, HIPAA compliance, risk-adjustment payment policies, and federal mandates for accuracy in patient data. The company got all of its start-up funding from an Initial Coin Offering (ICO) with Bitcoins. Join us as a curmudgeonly surgeon with a penchant for alliteration tries to wrap his head around bitcoins, blockchains, and bioinformatics!
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About the speaker:
Aloke Mandal, M.D., Ph. D. is a Clinical Research and Medical Practice Liaison in the Healthcare practice of Hardesty, LLC. Aloke leads our Medical & Physician Consulting Practice initiative. Prior to joining Hardesty, Aloke was a medical director at Optum, a leading healthcare services company, and a nationally renowned academic transplant surgeon, general surgeon, and surgical oncologist. He provides a unique blend of clinical and healthcare business acumen required for developing population health management and value-based contracting. His recent paper on alternative payment models in Medicare Advantage has received considerable attention in Congress and among healthcare industry leaders.
Dr. Mandal was part of the team that pioneered laparoscopic live donor nephrectomy, a procedure that greatly has reduced the disincentives for live kidney donation. Because of that role, he has appeared on the cover of U.S. News & World Report. He has over 40 peer-reviewed research articles, conference papers, and book chapters. Hence, he also provides clinical input and clinical research oversight when working with venture capital, medical device, biopharmaceutical, and life sciences firms for emerging biomedical technologies.