WELL Plans Block Chain Health Care Market Place

Updated On Jan 9, 2018 by Cameron Bishop

WELLRecently, WELL, a Delaware-based company announced their plan to launch healthcare block chain platform. What is unique about this company is that it already has a successful business model and partnerships in place. WELL hopes to build a truly global, decentralized, block chain marketplace for health care. The company wants to transcend borders and connect patients with health care specialists.

WELL was incorporated on June 4, 2015. The founder Ildar Fazulyanov broke his leg in a snowboarding accident and had to undergo a surgery. After discharge, he had to undergo physical therapy and rehabilitation. However, he had great difficulty in getting access to health care. That led to the establishment of WELL in April 2015.

WELL, which has the largest therapist network in California, is a profit making entity. As of date, WELL has successfully conducted 22,916 consultations. The company has a successful partnership with Medicare, Optum, Century Pacific Medical, Inc. myMatrixx, Medi-Cal, Tricare, Veteran Affairs, Medicare Advantage, self-pay/private pay, dozens of hospitals, several HMO/PPO plans, , Assisted Living Facilities, Hospices, and over two hundred home health care agencies. Notably, WELL clinicians can communicate in several languages, including English, Chinese, Korean, Spanish, Tagalog, Vietnamese, Armenian, Farsi, Russian, Hebrew, Japanese, and others.

The on-demand healthcare project is expected to solve the current problems of cross-border payments, payment risk, and data accessibility. At the same time, patients are guaranteed to receive the highest quality of health care.
Speaking about the project, Ildar Fazulyanov said

“WELL is a HIPAA compliant virtual care platform, encompassing telemedicine, biometric devices and telemonitoring to engage and manage patients and at-risk populations. WELL has built-in secure messaging and their own private clinical network composed of over 1,600 providers covering 49 states in the U.S. and some of the world. We’re planning to spend funds raised during the crowd sale for the development of our own block chain and distribution of WELL platform all over the world.”

WELL co-founder Alex Prokhorov said

“By lowering the barrier of contacting a physician, WELL both saves substantial health care costs as well as encourages patients to visit the local emergency department when appropriate. By modern standards, the block chain is more private and liquid, costs less to administer and also provides a real-time, lifesaving flow of medical data.”

The company’s token sale will begin on February 25, 2018 and will end on May 15, 2018 or soon after reaching hard cap of $28 million. The company has already raised $3 million through crowd sale. WELL tokens are valued at $0.10. Apart from fiat currency, nearly 90 different types of crypto currencies can be used to invest in WELL tokens.

Cameron works tirelessly behind the scenes ensuring his many US news stories are factual, informative and brought to you in a timely fashion before most other media outlets have them. He is an investigative journalist at heart who also has a fond interest in the money and business markets too.

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