We believe that healthcare can be much simpler than it is today. Cost, quality, and patient experience all have suffered as healthcare has become more and more complex. We are changing this by making healthcare direct, and we’re starting with self-funded employers.
Apaly Health was founded by a veteran doctor, technologist,and entrepreneur, who envisioned a healthcare system that is patient centric, driven by higher quality, direct, and enabled by advanced technology. Through the use of blockchain technology, Apaly Health is creating a transparent, cost-effective solution that is more secure, faster, and more efficient.
Lowering costs, enhancing quality, and improving the health and wellbeing of employees are goals for all self-funded employers. Apaly Health is an innovative, cutting edge solution that manages to balance these sometimes conflicting priorities.
Innovation is a daily topic in healthcare, but very few are focused on the core issue of healthcare, provider networks. Similar to the hotel industry, there are many locations to receive services but they fall under a handful of controllers, the large insurance companies. Disintermediating this design, similar to VRBO or Airbnb in the hospitality industry, has the ability to return healthcare to a free market design resulting in lower cost and better outcomes. Apaly Health is the only platform I see with a turn-key solution to enact the disruption needed to make this a reality
Direct contracting is the wave of the future, and direct contracting with providers has been shown to save employers sometimes 75% or more. Apaly Health scales direct contracting to a national level, and can extend this value to the masses allowing the disintermediation of the middlemen in our current, archaic healthcare system. Apaly Health’s blockchain technology platform is an essential cost containment / risk mitigation component in any health plan that utilizes high-performance healthcare solutions like our FairCo$t Health Plan.
Apaly Health makes direct contracting scalable by enabling many-to-many relationships between employers and providers. Every provider or employer that signs up, is instantly available to deliver or receive healthcare services with everyone else on the platform. It’s like crowdsourcing the provider network to benefit everyone.
Given the on-going shift towards self-funded employer health plans in the U.S., Apaly Health’s decentralized provider contracting platform seems to be a logical use case of blockchain technology. Disintermediating high cost gatekeepers through direct, peer-to-peer contracting between employers and providers is an ideal use case of the self-sovereign trust mechanism of blockchain technology.
“Apaly Health has created a simple and seamless solution that allows physicians (and other providers) to directly contract with self-funded employers, without any operational or practice work flow changes. It’s designed to feel just like any other payer relationship, except we get to set our own payment rates and get paid faster.”
Senior VP Private Equity, Aliant Insurance Services
Vendor Program Manager, Aliant Insurance Services
Founder, E Powered Benefits
Visionary Healthcare, Frost & Sulivan
Retired President, Progressive Corp.