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Cleveland Clinic, IBM, Aetna and Anthem partner to form blockchain firm Avaneer Health

Cleveland Clinic, IBM, Aetna and Anthem partner to form blockchain firm Avaneer Health
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Cigna, Aetna among firms joining forces on blockchain venture

Cigna, Aetna, Anthem and IBM are among the major insurers and tech firms backing a new blockchain venture announced Thursday. The venture, called Avaneer Health, seeks to create a “seamless, end-to-end experience and eliminate the inefficiencies afflicting today s healthcare system,” according to a statement.  Blockchain technology will help Avaneer improve the care experience by lowering costs and removing administrative barriers and inefficiencies that slow care delivery, according to the statement.  Startup investors in Avaneer include Aetna, Anthem, Cleveland Clinic, Health Care Service Corporation (HCSC), IBM, The PNC Financial Services Group, Inc. and Sentara Healthcare.  Stuart Hanson, currently managing director and senior healthcare industry executive at JPMorgan Chase, was named CEO of Avaneer.

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