Etheal Progress Report December 2019
Our quest to making healthcare more transparent
The European Parliament and Trump call simultaneously for transparency in healthcare
Healthcare is an unbelievably complex system all around the globe with a lot of inefficiencies. At Etheal, we believe that we can move the needle with our limited resources if, first, we focus on transparency.
In the last few years, a lack of transparency in healthcare has become a more prominent issue. Last week President Trump started pushing for transparency in health care costs. “Stopping American patients from getting ripped off. They’ve been ripped off for years — a lot of years […] We’re requiring price transparency in health care, forcing companies to compete for your business,” — Trump said
Also, in the meantime, the European Parliament is turning into people-centered healthcare.
“Integrated people-centered health services mean putting people and communities, not diseases at the heart of health systems, empowering people to take charge of their own health rather than being passive receivers,” — said Portuguese MEP Lidia Pereira.
Etheal and its websites Doklist.com and Doklist.com.br are on a good track:
Searchable database
We are indexing 454,000 doctors and healthcare service providers globally in 93 countries.
Reviews
A year ago, we expected to gather 5,000 detailed reviews in the first year. Last week we exceeded the expectation by a factor of more than two, and we reached the 13,000 review mark. And here comes the next step, that we have already discussed in Etheal’s Whitepaper.
Putting reviews on the blockchain
Being the first globally in putting healthcare reviews on the blockchain is a significant step to more decentralized, secure, interoperable, and transparent healthcare information.
There are a few companies who are experimenting with blockchain-based identity tracking, but Etheal and Doklist.com are the first entities that put public reviews on the blockchain. We store reviews in a compressed format, which makes it super easy to translate to any language, and super cheap to store. In other words, storing reviews has a small footprint and sustainable!
To deploy just one single smart contract you can easily pay 6 million in gas, and we could deploy 200 reviews only using 4.9 million gas.
You can find here the first 999 reviews on Ethereum test network (Ropsten). We would appreciate our community’s feedback on the smart contract code or on the implementation.
State of Healthcare Tech Companies
Zocdoc, backed by some of the biggest names in tech, including Jeff Bezos, Marc Benioff, and Peter Thiel’s Founders Fund is the latest highly-valued software start-up that’s found it difficult to find sustainable growth in health care.
In January, electronic health records provider Practice Fusion was acquired by AllScripts for only 7% of its earlier valuation, and in May, the board of HealthTap, a struggling medical advice app, fired the founder.
As we already mentioned in our progress reports, we have more traffic than our close competitor Medigo.com who raised $12 million. (Sources from Similarweb.com: 1, 2, 3)
In the meantime, Etheal, with its websites, Doklist.com and Doklist.com.br is on a constantly growing track.
You can help Etheal grow
Our system is functional, we are expanding our database of listed doctors rapidly, but we need your help. Currently, on the Etheal platform, doctors can:
- Pay with HEAL tokens for services,
- Show their prices in HEAL tokens,
- Stake HEAL tokens for membership,
- The system can forward medical tourism leads to 5 relevant institutions
We’re looking for more doctors to join our database! Refer healthcare institutions, hospitals or doctors — they can apply here: reg@etheal.com
