Blockchain Technology to Impact Personal Data and Payment Confidentiality

How HCX PAY proposes to revolutionise healthcare

The launch of a new healthcare payment network, powered by blockchain technology, was announced on Saturday, July 14th by HealthCombix, Inc., in Nashville Tennessee. HCX PAY, the new public payment blockchain, and node operator network will be entirely focused on payment confidentiality. The company has promised improved user experiences, activity-based payments, and ultimately a lower cost of transaction fees globally.

HealthCombix Inc. CEO, Cyrus Maaghul, cites the new payment network as a “huge market opportunity for low/no cost payment solutions.” Visa and Oxford Economics predict that the cross-border healthcare transaction market will reach a value of $3.4 trillion by 2025, putting HealthCombix in an ideal position to grow financially within that very market, as the company’s announced aim is to support a wide variety of transactions, including those made internationally.

“We believe HCX PAY can bring the world a better and cheaper way to pay and consumer healthcare services when traveling to foreign jurisdictions,” Maaghul said of the network’s potential to affect the average consumer.

Also, the company’s technology could serve to reduce public sector spending, as it will provide for a less expensive way “for governments [to pay for] sovereign citizens’ medical expenses abroad.”

Maaghul intends for the first phase of the payment solution to significantly reduce costs for patients and enterprises. It is not abnormal for cross-border medical bills to be extremely high in comparison to domestic medical bills, especially for cancer treatment and surgery. For that reason, the HCX payment network will provide for the authentication and integration of cross-border bundling platforms with the HCX PAY network and exchanges. 

HCX PAY has committed in full to the preservation of the privacy of its users, and it has designed and included the necessary features to ascertain an unprecedented degree of confidentiality for stakeholders. Due to the strength of the company’s privacy technology, it is practically impossible for a patient or commercial payments to be tracked by third-parties.

The project’s second phase will entail new payment and data capabilities such as asset swaps for event-driven payments and bundled or wrap-around payments.

With its announcement, HealthCombix joins a slew of other companies moving to take advantage of a transaction market traditionally mired by high cross-border fees on patient-provider payments. By developing advanced cryptocurrency networks that can drive down transaction costs while simultaneously promising a higher degree of privacy and security on each individual exchange that can be traditionally expected, the development of blockchain technology for payment networks in the health industry is an area to watch.

In fact, as soon as August of this year, Teledactyl, a health tech company based out of Wyoming, is scheduled to make its own major announcement concerning a payment system powered by blockchain technology. Co-founder of Teledactyl, Dr. Seth Crapp, has presented his company’s project with an emphasis on bettering the patient-provider relationship and allowing patients immediate access to their medical records via access to the network.

In addition to Teledactyl’s concentration on improving patient-provider relationships and fixing bureaucratic lag endemic to healthcare in the U.S., the company promises similarly enhanced user experiences and commitments to privacy that have been integral to HealthCombix’s model.

At the moment, all entities within the healthcare industry are being invited to reserve an HCX node to experiment with HealthCombix’s new applications. “This is a fantastic opportunity to contribute to enabling the development of new and existing blockchain technology applications to create new and exciting efficiencies,” said Maghuul of the chance for enterprises, practitioners, individuals, and service providers to get in on the ground floor with the company. HCX PAY is being marketed to all of the major global health systems for entities in search of lower cost payments and more privacy.

The overhaul of patient-provider payment systems in the healthcare industry by blockchain technology is still in its infancy. Much of the technology and infrastructure produced by these companies was practically non-existent prior to their entrances into the field, and thus they should be expected to serve as early contributors to the rapid development of blockchain technology in the health industry.  Companies like HealthCombix and Teledactyl are surely just the beginning of what will likely be a long list of health tech startups and entrepreneurs looking to fix healthcare payment networks in the U.S., while simultaneously driving down transaction fees and revolutionizing patient privacy and payment security.

Mark Townsend

Mark Townsend was born in Canada where he studied literature and history. He is a passionate crypto currency trader avidly following the development of blockchain technology in different fields. He is also interested in international relations and local politics. His primary aims are to travel and write.

Related Articles


  1. Anal orgazm zo mp4 porno her iki katılımcı tarafından da utançtan yakalandı.

    Uzun bir yapay penis kıçın derinliklerine nüfuz ederek
    kaltağın yüksek sesle ve görkemli bir şekilde nefes almasını sağlar.
    Chikulya, mutluluk inlemelerinin yoğunlaştığı derin sikişme ve mastürbasyondan heyecan duyuyor.

  2. The chart below lists dosages of a half or a whole baby aspirin which is the same as a low dose aspirin. Dog’s Weight (Pounds) Aspirin Dosage.
    Dog Breeds Include. 0 5. 25 to 50 milligrams/ half of baby (low dose) aspirin. Pomeranian and
    Chihuahua. 5 10. 50 to 100 milligrams/ one baby (low dose) aspirin.

  3. Este site é realmente fabuloso. Sempre que consigo acessar eu encontro coisas boas Você também pode acessar o nosso site e descobrir detalhes! conteúdo único. Venha descobrir mais agora! 🙂

  4. I truly wanted to jot down a comment to say thanks to you for these superb information you are giving out at this website. My time consuming internet search has finally been compensated with reasonable facts to write about with my guests. I would declare that many of us site visitors actually are really endowed to live in a remarkable website with so many perfect people with good advice. I feel really privileged to have come across the webpages and look forward to plenty of more enjoyable moments reading here. Thanks again for all the details.

  5. wonderful post, very informative. I wonder why the other experts of this sector don’t notice this. You must continue your writing. I am confident, you have a great readers’ base already!

  6. I have been surfing online more than 3 hours lately, yet I by no means discovered any attention-grabbing article like yours. It¦s pretty price sufficient for me. Personally, if all web owners and bloggers made just right content as you did, the internet will be a lot more helpful than ever before.

  7. Hiya, I’m really glad I have found this information. Today bloggers publish just about gossips and net and this is really annoying. A good site with interesting content, this is what I need. Thanks for keeping this web site, I will be visiting it. Do you do newsletters? Cant find it.

  8. Get-X – онлайн игра с реальным выводом средств. В неё входят азартные игры, где можно делать ставки, например, Краш.

  9. hello there and thank you for your information – I’ve certainly picked up anything new from right here. I did however expertise a few technical issues using this website, since I experienced to reload the website lots of times previous to I could get it to load correctly. I had been wondering if your hosting is OK? Not that I am complaining, but sluggish loading instances times will very frequently affect your placement in google and can damage your high-quality score if ads and marketing with Adwords. Well I’m adding this RSS to my e-mail and can look out for much more of your respective fascinating content. Ensure that you update this again very soon..

  10. Hello just wanted to give you a quick heads up and let you know a few of the pictures aren’t loading correctly. I’m not sure why but I think its a linking issue. I’ve tried it in two different web browsers and both show the same results.

  11. Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!

  12. I like this post, enjoyed this one regards for posting. “‘I have done my best.’ That is about all the philosophy of living one needs.” by Lin Yutang.

  13. This design is incredible! You most certainly know how to keep a reader amused. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Great job. I really enjoyed what you had to say, and more than that, how you presented it. Too cool!

  14. You really make it seem so easy with your presentation but I find this matter to be really something that I think I would never understand. It seems too complicated and very broad for me. I’m looking forward for your next post, I will try to get the hang of it!

  15. Hi, i read your blog from time to time and i own a similar one and i was just wondering if you get a lot of spam remarks? If so how do you prevent it, any plugin or anything you can recommend? I get so much lately it’s driving me mad so any assistance is very much appreciated.

  16. Hello, Neat post. There’s a problem with your site in web explorer, could check this… IE still is the marketplace leader and a huge component of people will leave out your wonderful writing because of this problem.

  17. Howdy! I know this is kinda off topic but I was wondering if you knew where I could locate a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having problems finding one? Thanks a lot!

  18. Hi, just required you to know I he added your site to my Google bookmarks due to your layout. But seriously, I believe your internet site has 1 in the freshest theme I??ve came across. It extremely helps make reading your blog significantly easier.

  19. Good day very nice website!! Guy .. Beautiful .. Amazing .. I’ll bookmark your site and take the feeds also?KI’m happy to search out so many useful information right here within the submit, we want work out more strategies in this regard, thank you for sharing. . . . . .

  20. Hi there! I know this is kind of off topic but I was wondering if you knew where I could find a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having difficulty finding one? Thanks a lot!

  21. I keep listening to the news bulletin talk about receiving free online grant applications so I have been looking around for the most excellent site to get one. Could you tell me please, where could i find some?

  22. Hey There. I found your blog the usage of msn. This is a very smartly written article. I’ll make sure to bookmark it and come back to read extra of your helpful information. Thanks for the post. I’ll certainly comeback.

  23. Terrific work! This is the type of info that should be shared around the internet. Shame on the search engines for not positioning this post higher! Come on over and visit my web site . Thanks =)

  24. I cling on to listening to the news lecture about receiving boundless online grant applications so I have been looking around for the finest site to get one. Could you tell me please, where could i get some?

  25. A lot of of what you articulate is astonishingly legitimate and that makes me ponder why I had not looked at this in this light previously. This particular piece truly did switch the light on for me personally as far as this particular issue goes. Nonetheless there is 1 point I am not necessarily too comfortable with so whilst I make an effort to reconcile that with the core theme of the position, allow me observe exactly what all the rest of the subscribers have to point out.Nicely done.

  26. Whats Going down i am new to this, I stumbled upon this I’ve discovered It positively useful and it has helped me out loads. I hope to contribute & assist different customers like its helped me. Great job.

  27. I precisely had to appreciate you once again. I do not know what I could possibly have undertaken in the absence of the tactics shown by you about my subject matter. It actually was an absolute daunting condition for me, however , witnessing a skilled approach you processed the issue took me to cry with fulfillment. I’m happier for this advice as well as trust you find out what a great job that you’re accomplishing instructing some other people through your webblog. Probably you have never got to know any of us.

  28. Fantastic site you have here but I was curious if you knew of any discussion boards that cover the same topics discussed here? I’d really love to be a part of group where I can get feedback from other knowledgeable individuals that share the same interest. If you have any suggestions, please let me know. Appreciate it!

  29. Appreciating the commitment you put into your site and detailed information you provide. It’s great to come across a blog every once in a while that isn’t the same old rehashed information. Fantastic read! I’ve bookmarked your site and I’m including your RSS feeds to my Google account.

  30. I do not even know how I ended up here, but I thought this post was great. I don’t know who you are but certainly you’re going to a famous blogger if you are not already 😉 Cheers!

  31. I and also my buddies ended up reviewing the excellent tricks found on your website while quickly came up with an awful suspicion I never thanked the site owner for them. Those young boys happened to be totally joyful to read through them and have now absolutely been making the most of them. Thanks for truly being simply thoughtful as well as for pick out some very good resources most people are really eager to be aware of. Our honest regret for not expressing appreciation to you sooner.

  32. Good ?V I should definitely pronounce, impressed with your site. I had no trouble navigating through all tabs as well as related information ended up being truly simple to do to access. I recently found what I hoped for before you know it in the least. Quite unusual. Is likely to appreciate it for those who add forums or anything, web site theme . a tones way for your client to communicate. Nice task..

  33. Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!

  34. You can certainly see your expertise in the paintings you write. The arena hopes for more passionate writers like you who aren’t afraid to mention how they believe. All the time go after your heart. “In America, through pressure of conformity, there is freedom of choice, but nothing to choose from.” by Peter Ustinov.

Leave a Reply

Your email address will not be published.