I started building DaalBeat Labs.

It’s my passion project.

DaalBeat is a healthcare toolkit on the blockchain. The protocol provides an open-source API for healthcare pricing (OpenHP API) through the decentralized subgraphs (The Graph Protocol) and a healthcare emergency fund (HEF) micro DAO network on permissionless blockchains. It implements proof of transparency in reaching consensus mechanisms for the public to facilitate the transfer of funds, distribution, and validation of healthcare pricing information.

What is that all mean?

Let me unpack.

Healthcare emergency fund (HEF).

The idea is pretty simple.

A group of friends and family can start a pool of money as an emergency fund for healthcare costs on the blockchain. It’s going back to the basics of insurance: sharing risk.

But why?

According to research, the out-of-pocket maximum for 2021 under the ACA in the United States was around $17,100 for a family—and most families who file for bankruptcy due to medical costs cannot pay this amount.

The healthcare emergency fund (HEF) is to fight against that so people are not defaulting to bankruptcy when shit hits the fan. A trusted group of friends and family of six to twelve can contribute $1000/year and grow this funding pool together. It is an ecosystem possible with blockchain technology that enables private DAO that serves only the involved parties without intermediaries profiting from your money. Since the intermediaries provide few benefits while charging a lot for monthly premiums, the aim is to exclude them from the system.

The group of friends and family is the “Micro” DAO, where they can manage their funds. They can vote to send their small liquidity pool to different lending protocols like AAVE and Compound to accumulate interests and the ability to approve or decline claims to distribute the funds to those members seeking to cover the emergency health costs.

https://twitter.com/sicktastic/status/1559351372688105472

If you are interested, sign up for early access.

Starting in 2022, hospitals in the United States must be more transparent about pricing. While startups like Turquoise Health aim to help consumers access healthcare pricing, most of their main products focus on making money by targeting hospitals and providing them with the necessary tools to comply with the new regulations.

At this point, startups in this space usually gather all the pricing data (large uncleaned CSV files) from hospitals and major insurance companies. After obtaining the data, the data team cleans them up and makes them usable for their applications. It’s not rocket science. It is just a team of data gurus making these ugly CSV files into something useful.

Healthcare is a regulated space, and many prominent players request loyalty fees for the usage of their products.

CPT codes by American Medical Association can be one of these examples.

The Current Procedural Terminology (CPT®) codes offer doctors and health care professionals a uniform language for coding medical services and procedures to streamline reporting, increase accuracy and efficiency. CPT codes are also used for administrative management purposes such as claims processing and developing guidelines for medical care review.

The CPT terminology is the most widely accepted medical nomenclature used across the country to report medical, surgical, radiology, laboratory, anesthesiology, genomic sequencing, evaluation and management (E/M) services under public and private health insurance programs.

The development and management of the CPT code set rely on a rigorous, transparent and open process led by the CPT® Editorial Panel. Created more than 50 years ago, this AMA-convened process ensures clinically valid codes are issued, updated and maintained on a regular basis to accurately reflect current clinical practice and innovation in medicine.

Source

CPT codes are essential when displaying the cost of any medical procedures or services. To use CPT code in your application, you will have to pay hefty licensing fees to AMA, making it almost impossible for any indie hacker or early-stage startup to build products.

If we want more innovation on hospital pricing transparency, we need tools like CPT to be more available for developers.

We want to make hospital pricing open source, and what better tools other than blockchain can achieve that? If you have better solutions, DM me.

Moving forward, we need open-sourced tools for developers building in this space.

The combination of healthcare and blockchain might be the worst two industries to make products for. One is heavily regulated, and the latter is a wild wild west. Some might think differently, where they see more opportunities because of those obstacles.

For me, the biggest challenge is the usage of DAO. While the idea of DAO sounds like a utopian society, the actual practice at this point is somewhat depressing. If we can’t figure this out, maybe we deserve the life and money-sucking intermediaries of any form of the product.

I don’t want that future because the current healthcare system in the United States will not be able to sustain itself.

From my research, blockchain technology gives me some hope, so I will take a stab at fixing a problem I experienced.

Daalbeat Labs, here we go.

I started building DaalBeat Labs.

It’s my passion project.

DaalBeat is a healthcare toolkit on the blockchain. The protocol provides an open-source API for healthcare pricing (OpenHP API) through the decentralized subgraphs (The Graph Protocol) and a healthcare emergency fund (HEF) micro DAO network on permissionless blockchains. It implements proof of transparency in reaching consensus mechanisms for the public to facilitate the transfer of funds, distribution, and validation of healthcare pricing information.

What is that all mean?

Let me unpack.

Healthcare emergency fund (HEF).

The idea is pretty simple.

A group of friends and family can start a pool of money as an emergency fund for healthcare costs on the blockchain. It’s going back to the basics of insurance: sharing risk.

But why?

According to research, the out-of-pocket maximum for 2021 under the ACA in the United States was around $17,100 for a family—and most families who file for bankruptcy due to medical costs cannot pay this amount.

The healthcare emergency fund (HEF) is to fight against that so people are not defaulting to bankruptcy when shit hits the fan. A trusted group of friends and family of six to twelve can contribute $1000/year and grow this funding pool together. It is an ecosystem possible with blockchain technology that enables private DAO that serves only the involved parties without intermediaries profiting from your money. Since the intermediaries provide few benefits while charging a lot for monthly premiums, the aim is to exclude them from the system.

The group of friends and family is the “Micro” DAO, where they can manage their funds. They can vote to send their small liquidity pool to different lending protocols like AAVE and Compound to accumulate interests and the ability to approve or decline claims to distribute the funds to those members seeking to cover the emergency health costs.

https://twitter.com/sicktastic/status/1559351372688105472

If you are interested, sign up for early access.

Starting in 2022, hospitals in the United States must be more transparent about pricing. While startups like Turquoise Health aim to help consumers access healthcare pricing, most of their main products focus on making money by targeting hospitals and providing them with the necessary tools to comply with the new regulations.

At this point, startups in this space usually gather all the pricing data (large uncleaned CSV files) from hospitals and major insurance companies. After obtaining the data, the data team cleans them up and makes them usable for their applications. It’s not rocket science. It is just a team of data gurus making these ugly CSV files into something useful.

Healthcare is a regulated space, and many prominent players request loyalty fees for the usage of their products.

CPT codes by American Medical Association can be one of these examples.

The Current Procedural Terminology (CPT®) codes offer doctors and health care professionals a uniform language for coding medical services and procedures to streamline reporting, increase accuracy and efficiency. CPT codes are also used for administrative management purposes such as claims processing and developing guidelines for medical care review.

The CPT terminology is the most widely accepted medical nomenclature used across the country to report medical, surgical, radiology, laboratory, anesthesiology, genomic sequencing, evaluation and management (E/M) services under public and private health insurance programs.

The development and management of the CPT code set rely on a rigorous, transparent and open process led by the CPT® Editorial Panel. Created more than 50 years ago, this AMA-convened process ensures clinically valid codes are issued, updated and maintained on a regular basis to accurately reflect current clinical practice and innovation in medicine.

Source

CPT codes are essential when displaying the cost of any medical procedures or services. To use CPT code in your application, you will have to pay hefty licensing fees to AMA, making it almost impossible for any indie hacker or early-stage startup to build products.

If we want more innovation on hospital pricing transparency, we need tools like CPT to be more available for developers.

We want to make hospital pricing open source, and what better tools other than blockchain can achieve that? If you have better solutions, DM me.

Moving forward, we need open-sourced tools for developers building in this space.

The combination of healthcare and blockchain might be the worst two industries to make products for. One is heavily regulated, and the latter is a wild wild west. Some might think differently, where they see more opportunities because of those obstacles.

For me, the biggest challenge is the usage of DAO. While the idea of DAO sounds like a utopian society, the actual practice at this point is somewhat depressing. If we can’t figure this out, maybe we deserve the life and money-sucking intermediaries of any form of the product.

I don’t want that future because the current healthcare system in the United States will not be able to sustain itself.

From my research, blockchain technology gives me some hope, so I will take a stab at fixing a problem I experienced.

Daalbeat Labs, here we go.