SimplyVital Health Partners With Toro Risk Consulting Group On Transformational Blockchain Healthcare Technology

SimplyVital Health (SVH) and Toro Risk Consulting Group, LLC (Toro) have announced an affiliation that brings the transformational healthcare technology of SVH together with the marketing, legal, and risk expertise of Toro.

Toro recognized early on the potential that SVH’s pioneering platform has to help providers transition from fee-for-service to value-based healthcare. New value-based payment models, such as bundled payments, allow providers to realize savings if they can decrease the average cost of patient care.

SimplyVital Health’s platform uses blockchain technology to capitalize on bundled payments. This platform includes comprehensive consulting, metric selection, care coordination, and negotiation. Future developments of the platform will leverage Health Nexus, SVH’s open-source blockchain protocol that is safely adoptable by health care. Toro brings experience in negotiating protection from assuming downside risk, as well as guidance on how to reduce the costs and occurrences of medical complications. Together, SVH and Toro can help streamline data sharing and reduce costs for both patients and providers.

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