Project Name
Ocean TIC
Project Category
Unleash Data
Proposal Earmark
New Entrants
Proposal Description
In 2020 USA federal government passed a rule Transparency in Coverage)to make it easier for patients to calculate cost of healthcare before the treatment. Also, it asks coverage providers to make three informations negotiated rates, out-of-network allowed amounts, and drug pricing information public. After multiple delays, coverage providers finally dropped first batch of data in july. The dataset is in form of predefined json format as prescribed by CMS. The compressed json files are very large in size going over 1TB. Overall it will drive down the healthcare costs as providers compete and insurers compete for market share.
This data is gold mine for payers and providers. A study done by [RAND](Private Health Plans During 2020 Paid Hospitals 224 Percent of What Medicare Would Pay | RAND) shows that private health plans paid hospitals more than twice the amount paid by medicaid for same plans. [Another study](https://www.washingtonpost.com/national/health-science/paying-cash-for-prescriptions-could-save-you-money-23percent-of-time-analysis-shows/2018/03/13/57fadde8-26d1-11e8-a227-fd2b009466bc_story.html) found claims that consumers would save money if they paid in cash at the pharmacy instead of using their health plan. A publicly accessible data would allow consumers to better plan the healthcare cost and bring down the cost. The dataset is released monthly and can be aggregated for future use like predicting the trend in health plans.
Grant Deliverables
GRANT DELIVERABLES:
1. Scrape, parse and create ETL(extract transform load) pipelines backed by data integrity checks.
2. Publish the data to the ocean marketplace
3. A D-app for the project
4. Queries and dashboarding through compute-to-data
Project Description
In 2020 USA federal government passed a rule Transparency in Coverage)to make it easier for patients to calculate cost of healthcare before the treatment. Also, it asks coverage providers to make three informations negotiated rates, out-of-network allowed amounts, and drug pricing information public. After multiple delays, coverage providers finally dropped first batch of data in july. The dataset is in form of predefined json format as prescribed by CMS. The compressed json files are very large in size going over 1TB. Overall it will drive down the healthcare costs as providers compete and insurers compete for market share.
This data is gold mine for payers and providers. A study done by [RAND](Private Health Plans During 2020 Paid Hospitals 224 Percent of What Medicare Would Pay | RAND) shows that private health plans paid hospitals more than twice the amount paid by medicaid for same plans. [Another study](https://www.washingtonpost.com/national/health-science/paying-cash-for-prescriptions-could-save-you-money-23percent-of-time-analysis-shows/2018/03/13/57fadde8-26d1-11e8-a227-fd2b009466bc_story.html) found claims that consumers would save money if they paid in cash at the pharmacy instead of using their health plan. A publicly accessible data would allow consumers to better plan the healthcare cost and bring down the cost. The dataset is released monthly and can be aggregated for future use like predicting the trend in health plans.
Final Product
GRANT DELIVERABLES:
1. Scrape, parse and create ETL(extract transform load) pipelines backed by data integrity checks.
2. Publish the data to the ocean marketplace
3. A D-app for the project
4. Queries and dashboarding through compute-to-data
Value Add Criteria
Usage of ocean : This is first public project which allows user to browse the much needed Transparency in coverage data.
Viability : This Rule was introduced by federal government to help consumers gauge the cost of healthcare. An easy access to data will not only help common consumers in fulfilling the objective but also employers and competitors.
Community engagement: I'm new to the ocean community. Joined few months back to learn ocean protocol, compute to data and web 3 analytics.
Community Value : This is a web3 for social good project.
Core Team
Ashwini kumar Pal
Role: Data Scientist/ ML Professional
Email: ashwinids@gmail.com
Credentials: Accredible • Certificates, Badges and Blockchain
Advisors
None
Funding Requested
3000
Minimum Funding Requested
2000
Wallet Address
0x8513A856a88e63374286d0116C192733444894C0