As a public benefit corporation, UHC is reinventing healthcare finance and payment for everyone utilizing blockchain technology and leveraging the explosive growth of cryptocurrency to arbitrage, decentralize and provide fair payment of health services worldwide.
As a public benefit corporation, UHC is an anonymous, token-based healthcare finance system that utilizes blockchain technology to arbitrage, decentralize, fund and provision the fair payment of health services worldwide by leveraging artificial intelligence across a distributed network exploiting the explosive growth of cryptocurrency as a store of value.
IT IS ANTICIPATED THERE WILL BE A 45-55% REDUCTION IN HEALTH COSTS FOR UHC MEMBERS.
UHC calculates cash payments across a blockchain distributed-ledger-system based upon proprietary algorithms and artificial intelligence (AI) embedded within the system. Health services are validated as Health Care Events (HCE) and converted into Neo Blockchain (NEO), in real-time to pay the health service providers (HSP) through smart contracts covering the healthcare expenses of individuals using UHC. HSPs are paid at a Negotiated Cash Price (NCP) built into the blockchain smart contracts.
A UHC Wallet is created and funded through a system of monthly contributions by individuals to fund the payment of future health services. Wallets are pledges for future health service expenses. Wallets are debited as the system requires the contribution of anonymous members. Wallet and value of coins are tied to the price of NEO.
Due to the nature of UHC’s decentralized cash-based system coupled with the AI, as UHC evolves it is anticipated there will be a 45-55% reduction in health costs for UHC members.
Because healthcare is such a highly regulated business by both Federal and State governments, councils, and agencies, as well as controlled by employers and insurance companies who are only working in their own interest and not that of the individual patients nor health service providers, there exist no free market economics in healthcare. There is no true mandate by the patient as a would-be consumer to hold health service providers to improve the quality, nor cost, of their service. Additionally, there are little to no financial motivations for individuals to take personal responsibility or “buy-in” to manage their own health.
These third-parties (payers, brokers, employers, insurers, governmental) suck needed funds away that could otherwise be designated to providing health services to people in need. Creating a health system that removes all unnecessary third-party administrators from the equation must be a primary goal of everyone working to solve the healthcare crisis.
We have never had such a prime contact to accomplish this goal like we do today.
15% OF OUR HEALTHCARE DOLLAR GOES TO PUSHING PAPER AND BUREAUCRACY RATHER THAN ACTUAL CARE – IN THE U.S. ALONE THAT IS $500 BILLION OF THE $3.35 TRILLION WE SPENT IN 2016
PriceWaterhouseCoopers (PWC) illustrates in their latest report that costs have been shifting from employers and government plans to consumers, making them pay higher deductibles and co-pays, creating cash paying customer demand for lower cost and higher quality services. This demand and consumer realization of cost is what has led to slowed inflation of healthcare prices. However, PWC also points out that this model has run its course and they expect higher rates of inflation to return in healthcare.
The Affordable Care Act’s attempt to create efficiencies and financial stabilization through mandates of adopting information management technology and realigning some of the incentives for providers through “Value-based Care” were admirable. The problem is that it has been a COMPLETE FAILURE in execution as most all government lead programs and mandates do. UHC believes a financial change in the motivations of both the health service providers and the individual must be created to get people healthy and stay that way.
What better way than to do that than through the Wallet…
UHC is a solution that uses the innovative technology of blockchain and cryptocurrency to create a direct personal and financial relationship between the UHC member and their health service provider. UHC eliminates third party intermediaries who interfere in these relationships and waste up to 35% of current health care dollars that could otherwise go to pay for more effective health services.
The UHC healthcare finance system acts instantaneously through the workflow, shown on below, as there is no interference by third parties, it is automated, anonymous, and has the cost of administration and security built into the value of the healthcare dollar.
UHC re-establishes the trusted personal relationship between doctor and patient using its machine learning and artificial intelligence via the Universal Health Coin. The venture market recognizes the monumental change in healthcare; since January of this year  309 early-stage health tech companies have garnered $6.3 billion in funding; and, in the same period 892 early stage blockchain/cryptocurrency companies have been funded with $2.1 billion. By year-end, together these two sectors should close on over $12 Billion in new funding.
The timing is right for the Universal Health Coin; it’s revolutionary, disruptive and anonymous utilizing blockchain for the future of healthcare.
Founders meet and smash brains on how to solve healthcare finance and payment problems.June, 2017
Research leads to the adoption of blockchain & cryptocurrency as the technology to solve the crisis in healthcare finance and payment.July, 2017
Founders form Universal Health Coin as a Public Benefit Corporation and commitment to making the solution a reality.August, 2017
Float ideas by close network of experts in healthcare, finance, blockchain and cryptocurrency.Sept, 2017
Founders begin recruiting advisory of diverse and industry experts, mentors and consultants.Oct, 2017
Idea is confirmed to use blockchain and develop a utility token to enhance the health cost sharing model from basic proven model to open market with scalability.Oct, 2017
White paper, executive summary, memorandum and website are published.Nov, 2017
Launch of the private pre-sale of UHC, White List Opens, Public Pre-Sale and funding is acquired via pre-purchase discounts of UHC.Dec, 2017
Official Token Sale is launched to invite the world to become UHC members through the purchase of UHC on a monthly subscription basis.March, 2018
The Centralized Beta Testing of the UHC Health Cost Sharing Business Method is made available to select UHC members.June, 2018
The UHC system comes out of Beta and is fully decentralized and released to the network for worldwide access, scaling and adoption.3QTR 2018