San Francisco, JPMorgan Healthcare Conference: Alliance addresses the billion-dollar challenge of balancing workforce demands with rising standards for placing qualified healthcare practitioners.
Axuall, Inc. and Hyr Medical, Inc. announced today that the companies are engaged in a pilot to test and implement portable digital credentials across portions of Hyr Medical’s 650+ physician network. By leveraging Axuall’s national network of primary source credential issuers, physicians will be able to present fully compliant credential sets to participating healthcare systems and medical groups for which they apply to via the Hyr platform. Supported credential types include medical education, training, licensing, board certification, work history, competency evaluations, sanctions, and adverse events; credentials commonly required to meet industry standards, regulations, and health system bylaws.
Regulations require healthcare employers and health plans to credential practitioners upon hire and periodically after that – a process that takes significant operating expense and anywhere from 3 to 6 months to complete. This process often must be repeated for each additional care setting for which a physician is deployed. Meanwhile, qualified physicians wait to start work, patients wait for care, and healthcare systems lose money.
“Together, the Hyr and Axuall technologies will play complementary roles in reducing unnecessary costs and time to place qualified physicians into much-needed positions,” stated Charlie Lougheed, Axuall’s CEO. “We expect to learn a great deal during this pilot as we observe how this technology reshapes workflows and improves efficiencies.”
The streamlined placement of qualified healthcare professionals, aided by secure digital credentials, offers the potential to save the U.S. healthcare system billions annually while improving efficiency, accuracy, privacy, and security. Hyr Medical’s online network enables qualified physicians and healthcare systems to directly connect for freelance (“locum tenens”), telehealth and permanent jobs. Leveraging patent pending blockchain technology, Axuall’s network enables physicians to acquire digital versions of their credentials from authorized issuers such as medical schools, residency programs, license bureaus, and medical boards, and then share them securely with healthcare systems and medical groups instantly.
“As the U.S. healthcare system grapples with the challenges of meeting the growing demand for care coupled with the disparity in physician density between metro and rural locations, healthcare employers are looking for new ways to attract, engage and deploy practitioners” stated Hyr Medical CEO, Manoj Jhaveri. “We expect new models like on-demand freelancing, telehealth and faster placement to play a significant role in addressing these challenges. Technologies like Axuall and Hyr will enable these advancements.”
The pilot will also study the experience of the practitioners as they acquire, manage, and share their digital credentials with employers (i.e., their “digital wallet”). Data will be collected to better understand how the technologies improve workflow, reduce redundancy, and create empowering experiences for physicians. Building upon this momentum, Axuall has recently begun separate pilots with two health systems, with more details to be announced shortly.
“Having participated in Axuall’s early testing, I am encouraged by the potential that this technology has to greatly improve the painful credentialing process that exists today” stated Laura Dewitt, MD/MBA and Anesthesiologist. “Physicians’ time is better spent practicing medicine over filling out repetitive paperwork which often consists of unchanging information previously verified multiple times in the past. We recognize that credentialing is essential to quality and safety, and streamlining the processes will improve healthcare for practitioners, healthcare organizations and patients alike.”
About Axuall
Axuall is a digital verification company that is changing the way organizations and individuals attest to and verify facts. Powered by leading edge technology, the Axuall network provides a streamlined approach to validating assertions and managing static and dynamic proofs within a tamperproof digital ledger; forming the basis of new economy that rewards verifiers while reducing cost, risk and inefficiency for organizations that subscribe to this information. For more info, please visit www.axuall.com and follow @axuall on Twitter.
About Hyr Medical
Hyr Medical has created an online marketplace that eliminates the agency middle man and reduces overhead costs. We enable direct connections between Practitioners and Healthcare Systems/Groups, automate portions of the credentialing process, and provide upfront transparency into rates and practice locations. The result is significantly faster credentialing, lower costs for Healthcare Systems/Groups, significantly higher rates for Physicians, and a system that finally attracts and rewards quality, Freelance Practitioners. For more info, please visit www.hyrmed.com and follow us on LinkedIn, Facebook and Twitter.
