Blüpass

Blüpass

Blüpass will revolutionize access to data, healthcare, and the claims process for everyone. We began our experience by administering benefits in a unique way. Our billing reconciliation process, HRaspirin, eliminated headaches between HR professionals and carriers. We spent six years in this space developing strong relationships. As good as our product was, it only solved for one side of a broken equation. This prompted us to create Blüpass, a total solution.

Blüpass will build a blockchain fabric to connect providers, consumers, and carriers. Historically, there are three major problems in the healthcare arena. First, healthcare providers must spend a significant portion of their time and revenue on billing, health records, and treatment modalities. The provider may not have a complete picture of the consumer’s financial responsibility or health record. Second, carriers attempt to limit potential fraud through a lengthy and manual claims process. This process can take up to 6 months in the current environment to pay claims. Third, consumers are caught in this vortex of uncertainty between providers and carriers. This turbulence places unnecessary burdens on consumers in the form of expenses and treatment delays. Blüpass will build a multilayer blockchain to accommodate existing and new healthcare technologies. We will utilize our unique blockchain ledgers to deliver instant data for claims service while providing technical support to eliminate fraud for carriers. Finally, we will build a client centric mobile platform that enables consumers to control the timing and delivery of medical records and application of claims. Simply put, we believe consumers should have instant verification of their policy information and claims adjudication at the point of service. Additionally, a simplified financing system in the U.S. could result in cost savings exceeding $350 billion annually, nearly 15% of health care spending. Imagine any other experience in which you buy a service and the provider can’t tell you how much it's going to cost up front and you are expected to pay whatever bill they send you 6 months later. When you buy insurance against this uncertainty, the carrier demands to be paid on time without exception but can't offer claims service at time of service. Blüpass solves for these inconsistencies.

WHAT IS BLUPASS?

Platform

Blüpass is an ERC-20 utility token that enables multiple users to access our platform designed to better connect providers, carriers, and consumers.

Our platform will put control in the consumers hands to facilitate data transfers between providers and carriers for electronic health records, claims service, policy and premium verification, and much more.

We believe our blockchain technology supported with smart contracts will dramatically change the insurance and delivery of healthcare.

Solution

Blüpass’s private ledger utilizes smart contracts to facilitate instant claims, fraud prevention, and consumer control over the healthcare process. The Insurance Market is $7 trillion globally. Because of our platform, Blüpass has an important advantage. We save time and money. We will fundamentally change the dynamics between providers, consumers, and carriers.

THE HEALTHCARE PROBLEM

Consumer

Patients enter provider facilities with a misconception that their provider and their insurer communicate seamlessly. Patients are faced with the reality their experience at the physician's office is far from complete. They may pay a copay at the window, but will leave certain of one reality, an incomprehensible bill will arrive in the mail.

Provider

Healthcare providers are often torn between the desire to serve their community and maintain the finances of a tormented business model. Administrative stresses and pressures force providers to compensate with ever rising price structures. Administrative costs in the United States are projected to reach $315 billion by 2018.

Insurer

Fraudulent healthcare claims increase the burden to society through increased premiums and higher out of pocket expenditures. Large Medical facilities and hospital groups spend up to 10% of their budgets on records and billing. Premiums billed and administered by health insurance carriers rely on antiquated file formats.

Data Integration

Unfortunately for the consumer, patient data such as health records, consumer policy data, and claims data are siloed. Providers marginally share data with other providers. Carriers and Providers do not share data systematically leaving consumers to manually request information from medical record departments to facilitate any claims process review.

TEAM

Blüpass consists of team members across multiple essential backgrounds. Our vision requires collaboration between sectors from provider, consumers, technology, carriers and insurance specialists. We have deliberately sought forward thinking out of the box professionals that are successful in their fields and are keenly interested in change.