Solutions for Patients
With Coral Health, you’re finally in control of your medical information.
“40% of patients have difficulty accessing their own medical records - and ⅔ are only somewhat confident, if at all, that they would be granted access to their own medical information within 24 hours.”1
Reclaim your information
Are you still physically carrying your own records from one appointment to another, filling out the same paperwork every time you visit a new doctor, or simply unable to access your records?
With Coral Health’s patient app, you can securely view all of your medical records and easily share access with anyone you choose.
Put your data to work
Our marketplace offers a range of studies that you can choose to participate in, either by anonymously sharing information or by enrolling in a study. You earn rewards while also accelerating life-saving discoveries.
Better manage your health by getting customized insights into your key health measures, such as blood pressure and heart rate.
Custom health tips
Receive customized health tips from a marketplace of healthcare professionals.
We help you share information with your healthcare providers so they can better personalize your care - without wasting time filling out paperwork.
Real-time eligibility checks
With just a few clicks, you can check what treatments your insurance will cover - all without leaving the comfort of your home.
Automated prior authorizations
Our smart contracts ensure that prior authorization requirements are resolved before you leave your doctor’s office so you don’t have to wait for the care you need.
Protect your privacy
Secure by default
We protect your information with state-of-the-art encryption. The decryption key is only stored on your phone. No one else has the ability to access it.
You have complete control over your medical records. Only people you specifically grant access to can view your information and you can revoke access at anytime.
Solutions for Providers and Labs
Less time document processing, more time delivering personalized care.
“The average doctor spends just 60% of her time each year seeing patients and documenting their care. She spends the other 40% processing 3,744 administrative documents, 750 school and camp forms, and chasing down 600 missing lab and imaging orders.”1
Secure patient information
Connect patients to their data
We build a persistent connection between your EHR system and our patient app using FHIR standard APIs. Patients authenticate once and then receive notifications each time new records are available.
Encrypted and secure connections
We securely encrypt both static and dynamic patient information, ensuring HIPAA and GDPR compliance by default. With our system, only the patient has access to their data unless they specifically grant decryption access to another.
We use distributed database technology to store encrypted files so that patients always have access to their data, and we further protect this data using blockchain technology to prevent any tampering of patient medical information.
Provide critical data access
We make it easy for patients to securely share their medical records so you have the complete information you need to tailor patients’ care.
Stop guessing and get real-time notifications when your patients fill prescriptions, visit other providers, or are discharged from the hospital.
Reduce administrative work
Seamless data exchange
Cut out the fax machine by securely accessing and sharing information electronically. Our blockchain-enabled systems make data exchange between labs, payers and providers simple, eliminating the cumbersome back and forth of communicating by fax.
Real-time eligibility checks
Coral Health enables patients to automatically grant payers’ smart contracts read-access to the data they need, so you can get instant information about patient insurance coverage.
Automated prior authorizations
We’ve worked with payers to write their medical policies into smart contracts that can review patient treatment requests in real-time and come to automatic determinations regarding whether a patient is covered for a treatment. Your patients get the care they need faster and you don’t have to waste time filling out prior authorization forms.
Solutions for Payers
Save billions automating manual processes by using smart contracts to interact with patient data on our platform.
"America’s Health Insurance Plans found that 17.8 cents of every premium dollar goes to operating costs.”1
Simplify data exchange
Our incentivized data sharing approach encourages the secure, electronic exchange of information through our system and reduces time wasted manually sending and processing faxes. We make it simple and secure to get the data you need from any entity including patients, providers, labs, pharmacies, and pharmaceutical companies.
Automate prior authorizations
Our smart contracts automate prior authorizations by referencing the applicable patient data stored on our blockchain and determining patient eligibility in real-time. Because our network can handle a wide array of common data types, we can automate all prior authorization requests, including prescriptions, lab and genetic tests, and surgeries.
Streamline claim processing
Smart contracts can reference the services patients received, locate the reimbursement rates for the specific service and provider, and automatically approve the appropriate payment amount. Because all services are cryptographically verified prior to being added to our blockchain, Coral Health makes reviewing claims and auditing payments far more efficient.
Solutions for Life Sciences
Easily target your studies and only pay for data from actual patients.
“19% of trials close because they can't hit recruitment targets.”1
As payer approvals increasingly require real-world outcomes research, and patients have access to more therapeutic options, drug discovery today is heavily reliant on identifying specific patient subpopulations.
The Coral Health marketplace allows patients of any type to participate in studies posted by researchers. Patients are able to securely share portions of their medical history to prove that they meet the study’s selection criteria and receive compensation in the form of tokens directly through our app. Because our marketplace is patient-permissioned, any type of research is possible.
Only pay for data from actual patients. Coral Health integrates with patients medical records so that you can easily target your studies.
Gain insight into how patients are actually using your treatments.
Assess the real-world effectiveness of your treatments and compare outcomes to those of your competitors.
Learn which patients are being prescribed your treatment and where in the treatment landscape your product falls.
Find out exactly what features patients want in a treatment.
Willingness to pay
Find out how much patients are willing to pay for both current or upcoming treatments.
Quickly assess sample size feasibility.
Reduce recruitment spend by only marketing to patients who qualify for your study.
Solutions for Public Health Authorities
Improve disease surveillance and monitoring with real-time alerts on potential disease trends and outbreaks.
“The collection of detailed clinical information about reported cases, which is necessary to confirm the diagnosis, to understand transmission, or to determine disease-related risk factors, is still heavily dependent on manual processes.”1
Access aggregated, anonymized data to generate disease reports, monitor trends, and identify potential outbreaks.
Identify outbreaks in real-time. Quickly locate the source of the outbreak and address it before it spreads.
Our system gives you the ability to verify when and who created information and who that information has been shared with and accessed by. Share data confidently with the knowledge that it will always be credited to you.
Data sharing across jurisdictions is often ad-hoc and manual. As a result, tracking disease spread across multiple jurisdictions is difficult and severely delayed. Our encrypted, permissioned approach to data sharing supports the dissemination of actionable, real time data across jurisdictions.
Finally, a healthcare model that works.
The Coral Health token aligns incentives across the healthcare industry, driving automation and personalization of care.
The Coral Health Token (CHT)
Reclaim your medical records & directly benefit from data sharing.
Coral Health is building a more connected future in healthcare by putting patients in control of their medical information. With our app, patients can securely view all their data and easily manage who has access to their health records. Our blockchain-powered applications use patient-permissioned data to personalize care, simplify administrative operations, and power the next wave of life-saving research.
These applications are fueled by Coral Health Tokens (CHT). We use a standard ERC20 token that is transferred between participants in our system in exchange for data and services. CHTs break down data silos by incentivizing the creation and delegation of health data for automated Coral Health-specific use cases.
We are building a rich ecosystem of features for healthcare participants to earn and spend tokens.
What can Coral Health Tokens be used for?
Store, access and share health data
This will always be a free feature for patients using our app.
Graphically track health trends
Patients who want to track trends in key health metrics, such as their blood pressure and heart rate to better manage their conditions, can spend tokens to unlock this premium feature.
Patients can spend tokens to receive customized health tips from a marketplace of healthcare professionals.
Healthcare professionals can spend tokens to promote their practice to patients who have opted in.
Real-time eligibility checks
Patients who want to see what drugs and medical procedures they should qualify for, based on medical policies written by their insurance companies, can spend tokens to check their eligibility.*
* Currently, this feature only supports hair transplant and laser hair removal eligibility checks for patients with BCBS MA, Aetna and Excellus health plans, but Coral Health is rapidly expanding the number of treatments and health plans included.
Accelerate the next wave of scientific discovery
We’re developing a marketplace where researchers can post the information they need for upcoming studies, and patients can earn tokens either by sharing anonymized data or by choosing to participate in a study.
What are some other upcoming uses?
- Automated insurance prior authorizations
- Automated prescription refills
- Insights into your genetics, including key areas like susceptibility to diseases, ancestry, and pharmacogenetic profile
- Marketplace to locate physicians for consultations or services
How many tokens do I need?
- The number of tokens needed will depend on the specific application. Each application will prompt you to confirm the amounts before you are charged.
- Tokens will initially be sold at a price of 7,500 CHT per ETH.
- Coral Health will review the price monthly in light of the performance of the platform. Any proposed price change will be publicly announced, along with our reasoning for the change.
How many CHTs are there?
- There is a fixed supply of 488,157,894 tokens.
- Tokens never expire.
- Coral Health will sell tokens on an ongoing basis from our platform.
- Coral Health receives a small transaction fee (<5%) on all services and applications used on its platform, which we will then resell.