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About Vengefulseven

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  1. No capital or PMs needed at this phase. Right now, a programmer would be best. Someone who can tell me if my idealism is beyond what is currently possible.
  2. Actually, I appreciate honest opinions. I spent some time working with CMS, albiet as a contractor. I don't personally think going through them first is the correct approach. They are slow to adapt to change. I did not mention it in the paper because I wrote that over a year ago and put the idea to rest for a while to focus on other projects. I would actually approach the clinical trial industry first. I'm more likely find interested parties by working through the pain points between hospitals and research sponsors (pharma). Hospitals (sites) tend to utilize a CTMS (clinic trial management systems) while sponsors (pharma) utilize EDCs (electronic data capture systems). The two do not communicate. If there was a way to make these two systems communicate, we could create a system where data can be entered, monitored, and paid for in a matter of days rather than the current standard which is quarterly or at best monthly.
  3. Hi everyone, I posted about this the other day, but never really received the answer I was looking for. Hopefully, a concept paper with more detail of what exactly I'm envisioning can make the picture more clear. I have a link to a Google doc below. I'm looking for anyone who has the skill sets to help solve such a massive problem. I'm definitely an idealist, but I also understand that the concept may need to be tweaked if my imagination has exceeded what is technologically feasible. https://docs.google.com/document/d/1JRAaHWa3kg7q_R0-zIkpUlilKWjI6iJfDzobHvwNsq4/edit?usp=sharing
  4. And that is the goal. I would start slow with the area I know best which is the clinical trial finance side, which are negotiated between hospitals and pharma companies. Once I had something functioning and some traction, then we would experiment with rolling out something similar between hospitals and insurance companies. The clinical trial side is a relatively simple transaction in comparison with the hospital to insurance route. The insurance companies add a complex third party to the mix, so a solid foundation would be helpful before diving into that mess. I have contacts in medical systems that would be very interested in tech like this. The hard part is getting them to buy in enough to also convince their more stubborn peers, but that is the challenge we all face :). Also, hospital is a blanket term. This could be private practices, community groups, medical universities, etc. Honestly, the smaller private practices would be more likely to change. Their pockets are not as deep as the big medical systems, so recouping costs quickly would be a massive benefit that allows them to compete in this very difficult market. It may also sway more of them to get involved in research initiatives, as many physicians are scared away from clinical trials due to the ill-informed perception that it is a black hole for your budget.
  5. That is sad to hear and I 100% believe it. I've worked all over the place in medicine. I used to work at as a registrar at an urgent care when I was in college. Can't tell you how many patients (some of which were children) I was tasked with turning away because they either had a debt or were not insured. It made me a huge patient advocate. I truly despise a lot of the inner workings of American medicine. I believe that change comes from working within a system rather than blowing it up to start over though.
  6. Correct, I'm American FYI. This would indeed be a massive undertaking. The US is so advanced when it comes to actual treatment, but the finances behind it all are trapped in the stone age. It can be weeks or months between submission of a medical claim before the hospital even knows if an insurance provider will cover or deny a claim. Imagine if that process could be sped up to days or hours and a payment released upon the approval of the claim. I think it can be once the tools are created.
  7. Hi there, First time posting here. I've been all over the Reddit subs for Ripple and recently started a sub reddit called Coil Community. It has been a lot of fun, but is ultimately a hobby. To cut to the chase, I work in clinical trial finance. The flow of money between pharma and hospitals/private practice is ineffecient and an incredibly involved manual process. That is not even to mention the flow of money between. Hospitals and insurance companies whe we are talking standard of care treatment. There is a serious need for someone to shake this space up with innovation. I believe payments can go from weeks to months, down to days and even hours if we implement the right processes. Now, I will not lie, it would be an enormous undertaking in an industry that is very slow to adapt to change, but with my background knowledge and connections on the finance side of things and someones technical knowledge, I believe it is quite possible to build an API that can link an existing Electronic Medical Record system with a pharma & insurance internal software to speed up the effeciency of how claims are processed and how money is moved. I'm looking for someone with coding experience interested in getting in for a stake in this concept. My knowledge is very limited on the tech side. Excuse any spelling errors. Did this on my phone.
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