Nationwide Medical Insurance Electronic Bill Blockchain Application Launched in China

It is reported that today (March 30), the launching ceremony of the nationwide medical insurance electronic bill blockchain application was held in Hangzhou City, Zhejiang Province. The blockchain application of medical insurance electronic bills is an important component of the construction of a unified national medical insurance information platform. The full range and full process application of medical insurance electronic bills and blockchain technology will provide strong technical support for the standardization, standardization, and intelligence of medical expense sporadic reimbursement business operations, achieving real-time generation, transmission, storage, and reimbursement throughout the “chain up stamping” process. Insured people can apply for reimbursement directly through their mobile phones, and the medical insurance department will automatically obtain electronic bills and related information for online review. This effectively solves problems such as cumbersome reimbursement materials, different types of bills in different regions, inefficient window review, and the occurrence of backlogs and fake tickets, comprehensively improving the efficiency of medical insurance handling, significantly enhancing the sense of gain and happiness of insured people. (CCTV News)

Hangzhou Held the Launching Ceremony of the National Medical Insurance Electronic Bill Blockchain Application

The Chinese government has recently launched a blockchain application for medical insurance electronic bills. According to reports, the launching ceremony was held in Hangzhou City, Zhejiang Province on March 30, 2021. The blockchain technology is said to be an important component of the construction of a unified national medical insurance information platform. This platform aims to ensure the standardization, standardization, and intelligence of medical expense sporadic reimbursement business operations.

The benefits of medical insurance electronic bills and blockchain technology

The full range and process application of medical insurance electronic bills and blockchain technology provides significant advantages for both insurance companies and insured individuals. The use of electronic bills simplifies the reimbursement process, enabling insured individuals to apply for reimbursement directly through their mobile phones. The medical insurance department will automatically retrieve electronic bills and related information for online review. This process significantly improves the efficiency of medical insurance handling, enhances the sense of gain and happiness of insured people, and reduces the occurrence of backlogs and fake tickets.

The challenges of medical expense reimbursement

One of the critical pain points in medical expenses management is reimbursement. The process of claiming medical expenses is cumbersome, time-consuming, and inefficient. Insured people need to collect various bills and documents, which can be challenging to distinguish from different types of bills. There is also a lack of traceability in the process, which opens the door to fraud and fake tickets. The current system also creates bottlenecks at review windows, which leads to backlogs, further increasing delays in the reimbursement process.

Use of blockchain technology

Blockchain technology can help address these issues. The technology is known for its transparency, immutability, traceability, and security. By using blockchain, medical insurance companies can track every aspect of the reimbursement process. Blockchain can bring significant benefits to both the insurer and insured people by providing a tamper-proof and transparent system. Besides, blockchain technology ensures real-time generation, transmission, storage, and reimbursement throughout the “chain up stamping” process.

Conclusion

The launch of the nationwide medical insurance electronic bill blockchain application is a robust move towards transparency, efficiency, and standardization in the management of medical expenses in China. The technology is expected to streamline the reimbursement process significantly, reducing workload, and risk of fraud, and enhancing the sense of gain and happiness of insured people.

FAQs

How does blockchain technology work in medical insurance reimbursements?

Blockchain enables the medical insurance department to retrieve electronic bills and related information for online review. The process ensures real-time generation, transmission, storage, and reimbursement throughout the “chain up stamping” process.

What are the benefits of using blockchain technology in medical insurance reimbursements?

Blockchain technology is known for its transparency, immutability, traceability, and security. By using blockchain, medical insurance companies can track every aspect of the reimbursement process, significantly improving efficiency and reducing the risk of fraud.

Does the nationwide medical insurance electronic bill blockchain application replace current medical insurance procedures?

No, the application does not replace current medical insurance procedures. Instead, the application is an important component of the construction of a unified national medical insurance information platform.