Aetna, IBM launching new blockchain healthcare network

A group of leading health insurers including Aetna, now owned by CVS Health, launched a collaboration with PNC Bank and IBM to design a blockchain healthcare network that will improve transparency and interoperability in the industry. The initiative—which also includes Anthem and Health Care Service Corporation—will focus on using the technology to address a range of industry challenges, including “promoting efficient claims and payment processing, to enable secure and frictionless healthcare information exchanges, and to maintain current and accurate provider directories," officials said. The aim is to create an inclusive blockchain network that can benefit multiple members of the healthcare ecosystem in a highly secure, shared environment, they said.