Hashed Health Raises Nearly $2M in Initial Funding
Summary
Hashed Health, a Nashville, Tenn.-based consortium leveraging blockchain and distributed ledger technologies to improve the U.S. healthcare system, raised an initial funding round of nearly $2m.The company intends to use the funds to foster collaboration among healthcare enterprises to advance distributed ledger solutions to address long-standing and systemic healthcare industry issues.Led by Founder and CEO John Bass, Hashed Health is a healthcare technology consortium dedicated to leveraging the blockchain and distributed ledger to develop work groups centered on specific healthcare use cases.To empower its members, the company provides value-added services such as network product management, product development, regulatory guidance and technology support services for blockchain networks.Hashed Health work groups focus on blockchain implementations to address a range of issues in healthcare including IoT, revenue cycle management, payment reform, medical records, insurance and healthcare/pharmaceutical supply chain logistics.