MintHealth is a global, decentralized health platform that aligns healthcare stakeholders around the shared goal of patient empowerment and improved clinical outcomes, at lower costs. To achieve these goals, MintHealth is introducing two tokens on the Ethereum blockchain: Vidamints and the MintHealth Security Token. With 40-56M annual deaths, globally, from chronic conditions, MintHealth set out to solve a simple problem: patient data is fragmented and spread across multiple data silos, making them unavailable to educate and empower patients to be more proactive about their own health. This means patients are relegated to passive rather than proactive rolls in their own health care, leading to rising healthcare costs, poor medical outcomes, and immense poverty in the developed world.
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.