Exclusive Interview: Solve.Care Launches the Global Telehealth Exchange (GTHE)

Solve.Care has launched the Global Telehealth Exchange (GTHE), its co-founder, Pradeep Goel, has revealed in an exclusive interview on BTCManager‘s 1 Confirmation with Jeff and Dave.

Democratizing Healthcare, GTHE Breaking Barriers

The Ethereum-based platform uses information technology and features of the blockchain to better deliver, manage, and democratize healthcare. 

It is a patient-centric solution, aiming specifically to connect patients with doctors permissionlessly without compromising their data security and contravening applicable, country-specific, and disparate regulations. 

As part of their increasing product offerings, the GTHE is central to the whole, a solution that Pradeep describes as “their proudest achievements yet.” 

GTHE is a blend of teleconsultation and in-person care, between which a global payment system will ease the connection between licensed medical practitioners and patients. 

Even still, in this kind of blended care model, there is in-person care, online marriage, remote monitoring, and continuous data collection—controlled by the patient—not third parties, not even insurance companies. 

According to Pradeep, this type of health care facilitated by technology and a proper payment channel is the future.

Global Expansion—Compliance is Key

Already, Solve.Care is available in over 20 countries. However, there are solid plans to expand to 41 countries by the end of the year. 

They will begin operating in the other 21 countries in Latin America in the second phase. These countries were handpicked depending on their applicable laws. 

Solve.Care will eventually launch in the last phase in the U.S., Middle East, and Africa. 

In the meantime, Solve.Care has appointed ambassadors in different countries to teach medical practitioners how best to use the Solve.Care suite and GTHE. 

Pradeep revealed that the objective is to ensure continuous signups while guaranteeing the dispensation of quality services to patients. 

At present, the goal of Solve.Care is to provide service to as many people around the globe, leveraging technology. Even still, the pace of this growth faces headwinds, especially from a regulatory point of view. 

Aforementioned, countries of interest may be receptive to technology like blockchain. However, their laws, especially those guiding healthcare and data, are convoluted. 

Notably, laws guiding data—such as security, custody, residency, and ownership are challenging. This is not inclusive of problems around licensing and those revolving around Telehealth. This complication, combined with the newness of blockchain technology and the absence of guiding crypto laws in some countries, is bogging progress and rapid onboarding. 

Nonetheless, where Solve.Care has found a root, their goal is to strike as many patient-doctor relationships as possible while systematically managing them while placing the SOLVE token central to their operations. 

Their overarching goal of being a global Telehealth force allowed them to build a framework that will eventually make compliance smooth.

Solve.Care and GTHE is Promoting Global Accessibility to Healthcare

One way Solve.Care is trying to fast-track onboarding—and saving time from regulatory pressures—is by ensuring that clinically licensed doctors voluntarily sign up as individuals—without association or affiliation to any hospital or institution. 

Once they are approved and their profile set up, they can be matched—using all the eligibility criteria that the doctor has supplied–with patients from across the globe using the SOLVE token for payment.

The rollout of the GTHE continues to open up healthcare, allowing everyone on either side of the divide to sign up, as patients or doctors. 

At the same time, it highlights the importance of blockchain technology as a facilitating tool, central in powering a regulatory-agnostic payment channel using SOLVE and guaranteeing the security and privacy of patients’ data.

Privacy of patient data, especially those facing mental health challenges, is critical now during the Coronavirus pandemic, where it has had a profound effect on the younger demographic. 

The automation brought by the GTHE, the privacy preservation that comes by default in Solve.Care, and the online accessibility of the platform have been encouraging more to consult online, connecting with approved mental health experts. Considering the impact of COVID-19 on health care and how Solve.Care is actively helping improve access, the team is now working with a suicide prevention network in India.

The merger of efficiency in service dispensation, patient data security, accessibility to quality healthcare, and patient priority is what differentiates Solve.Care from the rest. 

In the future, where every approval will depend on the patient, Solve.Care and the GTHE plan to be central as the leading enabler, initiating the primary connection.

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Healthcare Blockchain Platform Solve.Care Partners with SKALE Network for Low Transaction Costs

Solve.Care–an Ethereum-based, smart contract-driven platform for healthcare administration, coordination, and payment management, has partnered with the SKALE Network, according to a press release on Feb 9.

Solve.Care to Leverage Scalability and Flexibility of the SKALE Network

Through the partnership, they will run CARE network for users across the globe. Specifically, Solve.Care will take advantage of the SKALE Network’s interoperability with Ethereum to achieve even greater efficiency levels with better flexibility and speed to address patients’ needs.

Concurrently, end-users leveraging the SKALE Network benefit from reduced costs. One major impediment that has significantly affected Ethereum’s user experience is the rising transaction “Gas” fees.

As of Feb 10, the average Gas fee for any form of transaction stood at over $24.

By joining forces with a scalable, secure, and interoperable network, end users can save on costs. At the same time, there will be faster transaction processing.

Merging Blockchain and Healthcare

The creators of the SKALE Network say the platform is “elastic” and interoperable with Ethereum. From the network, users can take advantage of their modular architecture to launch dApps in a low-cost, scalable, and secure environment.

Commenting, Jack O’Holleran, the CEO of the SKALE Network, said:

“Using the SKALE network, we will be able to offer the advantages of a public blockchain network needed in healthcare while offering the cost and speed efficiencies of a private blockchain network, with the patient at the core.”

SKALE Network for Cost Reduction and Speed

Pradeep Goel, the CEO of Solve.Care, pointed to the benefits of blockchain in healthcare.

However, he also highlighted challenges, especially around rising transaction fees, scalability, and processing speeds.

Their collaboration with the SKALE Network helps address some of these concerns and accelerates adoption.

He said:

“By using SKALE Network’s innovative approach, we will be able to address these concerns and help accelerate the global expansion strategies that we have in place to get us closer to realizing our unwavering mission in making healthcare work better for all of us.”

In January, Solve.Care became the official member of the Blockchain Research Institute (BRI). They aim to take the “next crucial step in furthering our goal of redefining healthcare and achieving better services and outcomes for everyone.”

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Solve.Care Joins The Blockchain Research Institute to Address Healthcare Inefficiencies

Telehealth company, Solve.Care, just joined the list of official members of the Blockchain Research Institute (BRI).

About BRI and Solve.Care

The BRI is an independent global think tank, with over 60 members bringing together researchers to embark on research focusing on blockchain technology. The members often comprise enterprises, governments and academic institutions to share knowledge and expertise in the profound application of blockchain technology. 

Solve.Care is a healthcare technology platform that leverages blockchain technology to change its delivery and patient care provision. By utilizing blockchain technology and its patient-centric model, Solve.Care addresses any inefficiencies present in the healthcare industry and improves care access. 

Health Care Evolution in Blockchain

Blockchain technology is highly expected to change how critical players in the healthcare system interact with one another. However, this technological revolution can only succeed with the thinking of a consortium, which implies all actors’ cooperation in the sector. The introduction and deployment of blockchain is an evolution over time as blockchain applications are tested and accepted, and industry converges to identify collaboration and management issues.

Don Tapscott, co-founder and CEO of BRI, said the next healthcare era would be ushered in by new technologies such as blockchain. At the Blockchain Research Institute, they have always enjoyed working with organizations like Solve.Care, which is at the forefront of digital transformation in healthcare and patients, said Tapscott.

Because blockchain is a distributed book technology and no third party intervention is required, institutions can decentralize their databases. By using blockchain, healthcare systems can significantly reduce the risk of exposure to cyber threats. Hackers will need too much time and energy to access all nodes on the network and infect the system.

The health system is very inefficient. Because health facilities work with many independent databases, especially in large centralized systems, there is no coherent communication between these separate silos. By creating a single data ecosystem, distributed ledger software promotes collaboration between networks by improving payment processing, patient tracking and business workflows.

The Future of Blockchain Technology In Health

Over the past few months, Solve.Care has emphasized developing methods that enable companies and businesses to better connect with their employees, protect their wellbeing, and manage COVID-19 and other workplace health risks.

This focus has led to the development of the Team.Care Network, an advanced workforce management tool with an emphasis on wellbeing and health management, including remote workers. Since Team.Care Network has a blockchain technology base; users can rest assured that hackers will not compromise their privacy.

Blockchain is not without problems. At present, the initial costs are high, and the integration will need to take place. Today, most blockchain networks get designed in such a way that transactions are publicly available. Although the blockchain system can be made private and eligible, it reduces access only to certain countries for a balanced incentive. However, it is clear that the technology exists and can change health care forever.

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Solve.Care Gives Physicians the Greenlight to Join Its Global Telehealth Exchange

On 24th Dec, Solve.Care unveiled the activation and integration of the first set of doctors from around the globe into their Global Telehealth Exchange registry(GTHE). The blockchain-based healthcare platform plans to continue helping patients around the world access healthcare services seamlessly. 

The Efficiency and Ability of Solve.Care’s GTHE

GTHE, which was introduced in mid 2020, will allow patients to pay Physicians with the native token within the Solve.Care, SOLVE. All the transactions will be recorded on blockchain, ensuring security and hence they can’t be tampered with. 

The physicians in Solve.Care’s GTHE registry will be allowed to dictate terms at which they will provide services and expertise. These terms may include where they provide their services, at what time and to whom they will provide healthcare. They also are advised to have parameters that will ensure they are comfortable enough for them to work.

The CEO of Solve.Care, Pradeep Goel has been very vocal and supportive in the global uptake of telehealth services worldwide. “Telehealth is a major real-world solution that is breaking down barriers in our healthcare systems, increasing accessibility, and reducing inequality,” he said today at the press release. He also stated that the GTHE blockchain system goes a step further by efficiently connecting doctors and patients worldwide. Additionally, it upholds the rights and privacy of both parties alike.  

The GTHE system will provide several ways for physicians to be in control. On the registry, healthcare providers put up their profiles, rates for services they offer and set up specific periods when they will be on duty. Moreover, the system has removed the numerous administrative sets of rules that previously led to redundancies in the healthcare industry today.

Access to the GTHE system is possible through SolveCare’s personalized healthcare management system, Care.Wallet.

Solve.Care to Recruit Physicians from 28 Countries

Solve.Care plans to recruit doctors from 28 countries to expand their reach globally while uplifting telehealth mass adoption. According to Pradeep Goel, employing doctors will be a massive step in solving issues that affect healthcare systems at large. Patients will now have the ability to reach out to doctors with little effort as more and more doctors join the platform.

Dr Swapna Vaidya, a psychiatrist-associate from Washington, spoke about her excitement upon hearing the plans GTHE made for healthcare providers. “GTHE holds the promise of how healthcare should be.” She gave her remarks to give high acclaim for the milestone. The doctor, who has been in practice for over two decades, says the system should lead the way for the provision of premium medical services.

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