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Samsung SDS to introduce blockchain-based medical claims processing system – Blockchain News

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Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

Tech giant Samsung's subsidiary Samsung SDS is expected to roll out a blockchain-based medical claims processing system this month. Yoon Shim, the vice president of Samsung SDS, had earlier informed that they have been testing the project since August. The project is expected to go live soon this month.

Samsung’s subsidiary Samsung SDS has been testing a blockchain-based medical insurance network in South Korea. The company has been working with different medical institutions and insurers to roll out the project. The project aims to simplify the complex process of patients receiving receipts for services rendered, which he submits to the insurance company to get refunds.

The company reported that even though most citizens are well insured and should not pay expenses out of their pockets, but they still hesitate to file claims because of the complicated process. The blockchain network would link hospitals, pharmacies, insurers, and other companies together to make the process simpler for users.

According to the company, once the system is installed in place, patients would be able to send the receipt to the insurance company from just one click to file claims. Samsung Hospital, Severance Hospital, and Korea University Medical Cente are some of the hospitals that have already signed up for the blockchain healthcare network. The network is being built on the Nexledger blockchain platform.

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

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