Evercred is a Miami-based startup that is disrupting the healthcare industry by solving the frustrating and costly problem of physician credentialing. With its innovative blockchain-based solution, evercred empowers individual physicians to be the direct primary source of their identity and credentials, making the onboarding process faster, more efficient, and less expensive for healthcare providers. In this startup showcase, we’ll take a closer look at evercred and how it is transforming the healthcare industry.
Simplifying the Physician Credentialing Process:
Physician credentialing is a complex and time-consuming process that involves verifying a physician’s identity, education, training, licenses, certifications, and other qualifications. Currently, this process can take anywhere from 2 to 6 months and cost up to $1 million for health systems. Evercred aims to simplify this process by leveraging blockchain technology to create a decentralized, user-centric, and trusted credentialing system.
By using open standards-based decentralized identity technology, evercred makes the practicing physician the primary source of their data, fixing the problem of verifiable, trusted, and user-centric source of authentic data regarding physician credentialing. The HPEC (Healthcare Physician Ecosystem Credential) application can allow physicians to prove their identity in a trusted way moving forward when they log in to healthcare applications like EHR, Telemedicine, and other systems that would benefit from identity verification. With evercred, healthcare providers can save millions of dollars in onboarding and credentialing costs, and physicians can earn more income by reducing the time it takes to complete the process.
Building a Secure and Compliant Credentialing System:
In order to keep HPEC viable and accessible, evercred has built a credential issuing system that addresses a broader and more commercial market. The evercred system is built on open standards and leverages blockchain technology to ensure the highest level of security, privacy, and compliance. With evercred, healthcare providers can issue, manage, and verify credentials with ease, while ensuring that all data is secure, accurate, and up-to-date.
The evercred system also solves regulatory privacy compliance issues permanently, and enables physicians to own and control their credentials, making it easier for them to move between healthcare providers without having to go through the entire credentialing process each time.
Raising Funds for the Next Phase of Growth:
Evercred raised $650K to fund development of the HPEC physician-facing credential wallet in 2020, and has completed and launched the MVP to the app store. The company is now entering a seed round shortly to fund evercred, which is the next phase of this project. With the new funding, evercred plans to expand its team, enhance its product offerings, and accelerate its growth in the healthcare industry.
Evercred is revolutionizing the healthcare industry with its innovative blockchain-based solution that simplifies the physician credentialing process, saves millions of dollars for healthcare providers, and empowers individual physicians to be the direct primary source of their identity and credentials. With its cutting-edge technology, evercred is poised to usurp huge sectors of the $3.9T healthcare system, and make a lasting impact on the industry. To learn more about evercred, visit their website or follow them on social media.