E30: The Benefits of Having Blockchain Solution in Healthcare Data Exchange with Philip and Jeremy of Coral Health

Philip Parker, the COO of Coral Health is a data scientist with expertise leveraging diverse data assets to guide operations and marketing strategy. After graduating from Harvard University, Philip consulted  for Fortune 500 for pharmaceutical clients and Analysis Group where he led health economics and effectiveness projects across a range of treatments.

Jeremy Mullen is a strategist and a data expert who has spent his entire career advising Fortune 1000 enterprises on data aggregation and strategy. Previous to Coral Health, he served as the director at Research Now, Inc., the global leader in data collection. He is currently the Board of Director for the Toronto chapter of the Marketing Research and Intelligence Association (MRIA) and is a member of the data association. He also leads the Coral Health’s corporate development strategy and partnership development.

 

Episode Overview:

This episode is a powerful listen as it delves into the healthcare issues where we find most patient-doctor situation are not able to access their data in time and benefit from the full healthcare delivery.

Coral Health’s blockchain-powered solutions accelerates care delivery, automate multiparty administrative processes, and improve health outcomes by enabling secure, real-time, shared access to validated healthcare information. They drive adoption to their system from the ground up with targeted enterprise applications that provide immediate operational benefits to healthcare providers, payers, pharmaceutical companies and labs.

 

Tips they shared:

Try to keep it simple Start of a business model first Put some thoughts into a business problem and try to develop a solution. Think of a business model that you are actually solving and need? And does blockchain actually need to be involved at all? In blockchain healthcare, ask if it is desirable, viable or feasible then ask if anybody is going to pay Just because someone else is doing it doesn't mean you can't do it better than them Talk to your clients and validate your ideas before putting a ton of time in building it out

 

Resources Mentioned:

Connection Recommendation: Anita McGahan

Podcast Recommendation: Decoding Healthcare

Productivity tool: Jeremy - Run in the afternoon

Hotspots: Burger Priest (Toronto)

Website: My Coral Health

LinkedIn: Coral Health Research and Discovery Inc.

Twitter: myCoralHealth

            Philip Parker

 

Company Background:

Coral Health is a healthcare blockchain entity where they build blockchain solution to leverage technology in order to increase primary data exchange within the healthcare industry. The driving empaties behind Coral Health is that they find that patients and doctors spends a lot of time, dealing with frustrations (in terms of getting access to the best care possible), and a lot of it stem from the fact that they can't share their information easily throughout the system. By leveraging healthcare data and medical records, they are able to give the customer a tailored treatment at the point of care rather than a one size-fits-all health care delivery system that currently exist today.