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Atlanta-based HSBlox, a technology company focussed on bringing innovation and transparent economics to the healthcare ecosystem, has added R3 co-founder Todd McDonald and Luke Burchard, MD, to its advisory board.
With their decades of experience in technology and medical practice, the two new advisors will help guide HSBlox in delivering patient-centric solutions that combine machine learning and blockchain (distributed ledger technology) to address the healthcare industry's demand for secure, real-time information sharing and interventions.
McDonald, co-founder and head of ecosystem development for R3, is said to be one of the first to uncover the potential of distributed ledger technology for financial services. Prior to R3, he spent fourteen years at Standard Chartered Bank as a managing director in their financial markets group where he held positions such as global head of electronic FX trading and head of FX for the Americas.
Burchard has served in many capacities in healthcare and in the fields of wellness, preventive medicine, medical management, and organizational growth and development. He served as president of AWAC (subsequently inVentiv Medical Management), a national consulting firm specializing in medical management, case management, disease management, wellness and claims cost containment.
According to HSBlox, during Burchard's tenure at AWAC, employer clients saved hundreds of millions of dollars in medical costs through advanced claims surveillance and analysis, fraud and abuse detection, and other cost-saving techniques. Burchard continues to practice medicine at MD360, the urgent care division of Greenville Health System in South Carolina.
"Blockchain technology is positioned to deliver a new level of security, transparency and efficiencies to the healthcare industry, with HSBlox leading the pack," said McDonald. "I am delighted to join the Advisory Board and help drive these much-needed improvements throughout the healthcare ecosystem while continuing our collaborative work on R3's Corda."
Burchard added: "The incredible potential of leveraging both machine learning and blockchain will help achieve industry goals of increased care quality, improved population health and lower healthcare costs.
"HSBlox's technology automates tasks for healthcare stakeholders, reducing the risk of manual data sharing and potential delays in patient care. Instead, providers and staff can focus on higher value tasks that lead to better patient care delivery. As a medical advisor for HSBlox, I will have the opportunity to be a part of this long-awaited shift in healthcare – and I couldn't be more thrilled."
HSBlox CEO Rahul Sharma commented: "Their combined knowledge and experience in developing distributed ledger technology and leading medical organizations will assist our team with solution stakeholder feedback and go-to-market connections. Their contributions will aid HSBlox as we expand our market presence as a premier solutions provider in the value-based and population health space, applying blockchain and machine-learning approaches to industry challenges."
HSBlox, Blockchain, Luke Burchard, Rahul Sharma, US