Smart Legal Agreements for Patient Compensation

Automate the entire claims lifecycle—from eligibility verification to payment disbursement—eliminating manual paperwork and intermediary fees. Smart contracts execute payments instantly upon verifying predefined conditions (e.g., a confirmed diagnosis).

• Example: A clinical trial compensation pool can auto-pay participants upon verified task completion, reducing admin costs by up to 80%.
• Key Benefit: Redirect FTEs from processing claims to higher-value patient care and program management.

Provide an immutable, single source of truth for all agreement terms and transactions. Every payment trigger, condition, and execution is recorded on a tamper-proof ledger, visible to authorized parties.

• Real-World Pain: In mass tort settlements, claimants often dispute payment amounts and timing, leading to costly legal battles.
• The Fix: A transparent, auditable trail proves exact compliance with the settlement agreement, building participant trust and reducing legal challenges by providing indisputable evidence.

Encode regulatory and policy rules directly into the contract logic. This ensures automatic adherence to HIPAA data handling, payment caps, geographic restrictions, and eligibility windows without manual oversight.

• Example: A compensation fund for a drug side effect can automatically enforce regional regulatory approvals and individual payout limits.
• ROI Driver: Mitigates risk of multi-million dollar compliance violations and audit failures through guaranteed, verifiable execution.

Gain instant visibility into fund utilization, claimant demographics, and payment flows. On-chain data provides a live dashboard for CFOs and program administrators, replacing quarterly manual reports.

• Business Value: Monitor the velocity of a $100M settlement fund in real-time, identifying trends and forecasting liabilities accurately.
• Actionable Insight: Enables dynamic resource allocation and proactive communication with stakeholders based on live data.

Facilitate economically viable small or incremental payments that are impractical with traditional banking (high fees, slow processing). Blockchain's low transaction costs enable new compensation models.

• Use Case: Compensating patients for daily health data sharing, micro-tasks in long-term studies, or partial benefits for multi-stage treatments.
• New Revenue Streams: Creates opportunities for more granular, engaging, and fair participant reimbursement strategies.

Design systems that connect seamlessly with other healthcare infrastructure. Smart contracts can be programmed to receive verified data oracles from EHRs, lab systems, and IoT devices, triggering payments automatically.

• Strategic Advantage: Builds a foundation for the future of value-based care, where patient outcomes directly trigger insurer/provider payments in a transparent, automated cycle.
• Reduces Friction: Eliminates the need for custom, point-to-point integrations between every stakeholder system.

Automate compensation from programs like the U.S. Vaccine Injury Compensation Program (VICP). Smart contracts can validate claim eligibility against public health records and disburse funds instantly upon approval, bypassing multi-year administrative delays.

• The Pain Point: Current paper-based systems leave patients waiting years for justified compensation.
• ROI Driver: For governments, this reduces program administrative bloat by over 60% and restores public trust through transparency.

Replace traditional escrow accounts with programmable smart escrow. Settlement funds are locked in a contract that releases payments according to a court-approved schedule or upon completion of future medical procedures.

• Ensures Compliance: Guarantees funds are used as intended (e.g., for future care) and provides all parties with real-time payment status.
• ROI Driver: Removes escrow agent fees, eliminates manual tracking, and protects against misallocation of funds.

Manage complex international compensation rules automatically. A smart contract can hold multiple currencies and enforce jurisdiction-specific tax withholding and payment regulations, all coded into its logic.

• The Blockchain Fix: Replaces a web of local banks, currency converters, and legal advisors with a single automated protocol.
• ROI Driver: Cuts cross-border transaction fees by up to 80% and ensures 100% regulatory compliance, avoiding costly penalties.