Carex help doctors to focus on patients than paperwork

What do doctors spend the majority of their time working on? Answer: Documentation, otherwise known as paperwork.

“That’s one thing they don’t tell you in medical school,” he says with a grin. “The amount of paperwork that’s involved!”

Of course, in the 21st century, papers aren’t as involved in the process as computers. But that’s not entirely the case, especially for physicians that are set in their ways.

“When the electronic medical record was implemented, a lot of doctors struggled with it,” said Dr. Ilyes. “They comply with the requirement, but in many cases haven’t learned how to make technology work for them. That’s very detrimental to their efficiency and ultimately for their patients.”

The pain felt by patients by this situation can be serious.

In the floods that came with Hurricane Harvey, some Houston area doctors lost a major portion of their patients’ medical records, which were still in paper form. That loss hurts the ability for doctors to accurately diagnose.

“The treatments can’t really be the same for different people,” Dr. Ilyes says. “Every situation is different and medical records are crucial to knowing and tracking those differences.”

Giving patients control over their own medical records enables them to keep their records safe, taking a major burden off of doctors in the process.

“I am excited by the prospect of having easy access to my patient’s medical records, the possibility of talking to an artifically intelligent chat bot instead of having to write them down and keep them safe,” said Dr. Ilyes. “I could then focus more on patient care and less on the paperwork.”

Making the process easier speeds it up, enabling doctors to see more patients and earn more money.

Dr. Ilyes thinks of it differently.

“The more patients I can see, the cheaper my costs per patient could be,” he said. “That’s a virtuous cycle which could really benefit everyone I work with.”

Besides securing medical records for patients, the CareX Platform also serves as a marketplace for doctors to get new patients.

“That is one of the great pain points for medical providers, sourcing new patients,” explains CareX Blockchain Platform CEO Mike Bishop. “Many just give up entirely by joining big networks that bring the traffic to them, but this limits their income and puts a strain on their costs.”

By being able to see what a doctor charges anywhere in the country for a given procedure is a form of free advertisement bringing traffic from around the world.

“Of course my practice would love to see more medical tourism patients who pay upfront,” said Dr. Ilyes. “It would transform our business for the better.”

Accepting CARE tokens also enables providers to diversify their assets, which can be converted into cash at any time on cryptocurrency exchanges or by CareX itself.

Dr. Ilyes is excited to start using the CARE Tokens.

“For a while I’ve been watching Bitcoin and the others — it’s certainly a very new world and a new way to do things, but I don’t think it will be difficult for more and more people to catch on to the concepts,” he said.

“If you think about it, we use tokens all the time — be it points at a grocery store, airline miles or hotel points to travel. It’s almost amazing nobody has done this for healthcare yet,” said Bishop.

Providers are already signing up for the new Platform. By February, CareX will have several providers around the country accepting token payments.

Providers can begin signing up to join the network here.

Patients can sign up for the platform by making a CARE Wallet account here.

Learn more about the CareX Blockchain Platform at https://carex.tech

CareX is carving global healthcare crypto-market using blockchain technology

The borderless, secure nature of blockchain based cryptocurrencies will create a better, cheaper way of receiving healthcare on a global scale. That is what Texas-based company CareX Blockchain Platform say in their proposed Initial Coin Offering (ICO) which hits the market on November 23.

Idea behind CARE tokens

CareX are selling tokens (CARE) that can be used to buy healthcare services by any provider that accepts them. CareX Platform CEO Mike Bishop calls it as “bitcoin specifically for your medical bills. These tokens can be used for your local doctor visit or emergency as well as for the bigger operations and procedures that have turned medical tourism into such a big business.”

CareX Partners

Healthcare networks in countries as different as Canada and India have joined the CareX platform as partners. Indian company CallHealth, which has currently served over 35 million patients this year, has joined the platform, as has CareCorp, a Canada-based company that focuses on seniors, and currently serves more than 1,000 people daily. “They see the value in being connected this way,” said Bishop. “Not only does CareX simplify their payment and health record system, making it trustworthy and immediate, it also brings in business.”

CareX advantage

Patients love CareX as it enables them to receive local services at a discount and takes away the hassle of finding a way to pay for services abroad. “CareX makes medical travel so much easier,” said Bishop. “Instead of sending an expensive wire transfer or forcing family members to board an airplane carrying lots of cash, you can just transfer CARE from home and use them at your destination.”

CareX will be used differently depending on the country. In places where healthcare services are abundant but expensive, like the United States, CareX can help reduce costs and function as an alternative to insurance. In countries with national health systems, like Canada or the United Kingdom, CareX can offer patients an affordable alternative to suffering on a waiting list.

CareX fits into the global healthcare market,” said Rob Fia from Kingsdale Capital. “The efficiency, ease of use and overall cost savings for the health industry are substantial.” Besides being a form of currency, it enables patients to use their wallets to store their personal health information, protected by the same private key that performs CareX transactions. They can then share this information with medical providers when they need it. “The efficiencies that come with that are enormous,” said the Blockchain specialist Swaroop Kallakuri. “Having health data in a secure yet available format is now a requirement in the US. The only way to do that is on the blockchain.” CareX plans to invest the proceeds of the ICO into finishing development of the platform and securing more providers. “We have the wallet which providers and patients can use to store their CARE tokens already working,” said CTO Andy Tunisi. “A successful offering will enable us to speed up our trajectory considerably.”

One CARE token is currently pegged at USD $10.00. Of course, CARE can also be purchased with USD, Bitcoin, Ethereum and LiteCoin. CARE tokens are a Security and Exchange Commission (SEC) registered security and include a profit participation in CareX of 0.5 percent.

More about the CareX Blockchain Platform

CareX reinvents the way people discover and pay for health services by providing a blockchain-based alternative to insurance. These tokens record transactions on the Ethereum ledger, and are thus simultaneously secure and liquid. As a security, they offer an annual profit participation of 0.5 percent.

It also provides an alternative to the current administrative morass healthcare providers experience by enabling them to return to the basics of a transparent market where prices are readily available, and transactions are immediate using encrypted currency that can be exchanged for Bitcoins (BTC), Ethereum (ETH) and Dollars (USD).