ATLANTA, Nov. 01, 2017 (GLOBE NEWSWIRE) -- CoinMD has expanded the services available on its network to include healthcare providers outside of the United States. The company's bid to target medical tourism comes at a time when the domestic costs of healthcare are at an all-time high.
According to company CEO and spokesperson Thomas McMurrain, domestic healthcare costs will continue to rise at a steadily increasing rate for the foreseeable future. This will create a healthcare crisis that excludes the majority of Americans from being able to afford life-saving treatment.
Already, a growing number of Americans look outside of the nation's borders for affordable medical treatment. The OECD notes that high-impact medical operations such as heart bypass surgery and heart valve replacement can cost up to 90 percent less in Southeast Asia than in the United States.
Costa Rica has long been a focus point for American medical tourism, with 55,000 health travelers visiting the Latin American country in 2016. CoinMD is positioning itself to offer patients access to trustworthy foreign medical services through its own internal platform, using its own cryptocurrency for the transactions.
In the company's second whitepaper, entitled “How the Network Benefits Consumers and Health Providers”, CoinMD's leadership describes exactly why the platform benefits medical tourists. Namely, by allowing patients to bring their own medical data with them, giving low-cost foreign healthcare professionals access to medical records they would otherwise be unable to use when delivering care.
“Different doctors reach conflicting conclusions from lab tests, or order duplicate tests. Different doctors give contradictory clinical advice. Unknown to one another, they prescribe drugs that create adverse reactions. By giving patients their own medical data, we can finally empower people to make the best choices concerning their medical needs.” – Thomas McMurrain, CEO, CoinMD
The move towards medical tourism indicates decreasing reliance on American healthcare record legislation. Current legislation fails to describe a framework through which blockchain technology could reach its full potential as a secure, private transaction tool for medical procedures and treatments. However, nations with developed medical tourism industries offer fewer obstacles to the implementation of innovative healthcare record technology.
About CoinMD
CoinMD, Inc. is a private membership network designed to make healthcare more affordable. Linking world-class healthcare providers with an active pool of consumers, CoinMD uses the buying power of the network to negotiate deals that lower costs for members. The network also enables members to earn CoinRewards by making insurance payments on time, using in-network health and wellness providers, and sharing CoinMD with other people.
CoinMD uses a new cryptocurrency powered by a secure blockchain and designed to gain value over time, instead of losing value like national currencies. Anyone of any age—seniors, Baby Boomers, Generation Xers, or Millennials—can join CoinMD to benefit from lower costs today and a more secure retirement tomorrow.
For more information, visit http://www.coinmd.io.
Media Contact: Janet Gauthier
Address: 1170 Peachtree Street NE, Suite 1200, Atlanta, GA 30309 USA
Phone: 404-885-6607
Email: janetg@coinmd.io