Lumedic

Lumedic is a healthcare technology company that utilizes blockchain and distributed ledger technology to modernize revenue cycle management and health data exchange. Founded in 2018 and subsequently acquired by Providence, the company focuses on reducing administrative waste by automating interactions between healthcare providers and insurers, such as prior authorizations. Lumedic also played a pivotal role in the development of digital health credentials, providing a platform for secure, verifiable COVID-19 vaccination records. Their technology emphasizes patient-centric data ownership and interoperability using industry standards like HL7 FHIR. By streamlining the financial clearance process, Lumedic aims to lower costs and improve the speed of care delivery.