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MintHealth, found online at Minthealth.io, is a blockchain-based platform that aims to empower patients with a “self-sovereign health identity” while aligning patients, providers, and payers to battle chronic diseases worldwide.
The developers of MintHealth believe they can use blockchain technology to dramatically lower healthcare costs. This is particularly important in the United States. The Minthealth.io website mentions that the United States spends about 19% of its GDP on healthcare costs, yet has some of the worst healthcare outcomes in the world:
“Global healthcare expenditures as percentage of GDP are rising (in the US alone, healthcare represents 18.4% of GDP)…Despite nearly twice the per capita expenditures on healthcare than any other nation, the US ranks near the bottom in health quality and outcomes…The result has been an unsustainable rise in global healthcare costs and poor clinical outcomes.”
The United States spends twice as much on healthcare as any other nation, yet it’s one of the few countries in the world where life expectancy is dropping instead of rising. MintHealth, which is based in San Diego, is focused on implementing its solution in the US healthcare market.
With these issues in mind, MintHealth wants to use blockchain to create a unique incentive model for the healthcare industry.