Full Alliance Group’s subsidiary Qubitera Holdings is developing a new technology platform, Quant Blockchain, designed to enable healthcare systems and hospitals to securely and instantly share patient data.
The initiative comes in response to the costly challenge faced by hospitals due to incompatible computer systems, which results in approximately $77.8bn being wasted annually.
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With federal mandates requiring healthcare systems to integrate their systems by January 2027, the demand for solutions such as Quant Blockchain is becoming increasingly urgent.
Full Alliance Group chairman Bill Heneghan said: “Every hospital in America must upgrade their systems by 2027 to follow new federal rules.
“We’re giving them a solution that makes them more efficient while keeping patient data secure.”
Quant Blockchain is set to serve as a secure digital conduit, allowing disparate hospital computer systems to share information related to patients instantaneously while complying with all healthcare privacy laws, including HIPAA.
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By GlobalDataThe technology is designed to interface with existing software, negating the need for hospitals to overhaul their current systems.
It also offers rapid transfer of patient records and compatibility with AI tools that support clinical decision-making.
As part of its market strategy, Qubitera Holdings is targeting growth areas such as healthcare data sharing, blockchain technology, and hospital AI systems.
Qubitera Holdings president Jay Archer said: “We’re fixing a massive problem in healthcare.
“Instead of building another cryptocurrency, we’re creating the digital infrastructure that hospitals actually need to work better and save money.”
In preparation for the 2027 deadline, Qubitera Holdings is collaborating with select hospitals for the system.
The company anticipates forming partnerships with healthcare systems as more hospitals begin to comply with the upcoming federal requirements.
