Solve.Care (SOLVE) Healthcare - ICO Review, Rating and Details of Solve.Care ICO (Token Sale) - Rating: Not Rated

Solve.Care is a decentralized and distributed platform for the administration of healthcare and benefits programs. The protocol is based on entity pair relationships bound to a smart contract on the Blockchain. All relevant events are recorded and coordinated and then delivered to the right party, exactly when needed.

Problems & Solutions

In much of the developed world our population is ageing rapidly. Increased demand for care is placing an intolerable burden upon already stretched healthcare resources. Complex support infrastructures, data system silos and administrative bureaucracy have given rise to inefficiency and duplication of effort that waste billions of dollars. Incredibly, up to 30% of medical bills can go towards paying administrative costs¹. That’s simply unacceptable.

Excessive healthcare administration costs consume resources that should be directed to improving both access to care and quality of care.

Solve.Care’s revolutionary platform will significantly improve care outcomes by dramatically reducing healthcare administration costs and substantially reducing the opportunity for duplication, waste, abuse and fraud. The team expects to create major cost savings by facilitating authorised peer-to-peer transactions that delegate authority to individual stakeholders while empowering payers regarding cost control and oversight. Utilizing blockchain technology, they radically reduce the unacceptable administrative burden placed on healthcare providers and enhance the care experience of individuals.

It’s a quantum change. Freeing doctors to do more doctoring and putting patients, not the system, at the very heart of care.

Features & Highlights

  • Care.Wallet - Solve.Care personal healthcare administrator for individuals and providers; housesCare.Cards and Care.Coins that automatically sync in real time with other linked wallets.

  • Care.Cards - Purpose built applications that reside in the Care.Wallet and that are downloaded from Care.Marketplace.

  • Care.Coin - Intelligent programmable payment token used to pay providers. Offers incredible flexibility in managing accountability and transparency and validating proof of service.

  • Care.Protocol - Connects and synchronizes wallets, cards and coins between stakeholders, to coordinate care and automate transactions in a revolutionary new approach.

  • Care.Marketplace - Care.Marketplace is Solve.Care app store for healthcare. Think of any application that could be of interest to individuals in managing their health and wellbeing and you have a potential new Care.Card. They could show up ‘intelligently’ based on what they know about your healthcare. 

Token Allocation

"Tokens offered (via pre-sale and sale)","Community","Reserved for team","Growth & acquisitions","Long term foundation budget","Token sale expenses" {"name": "Tokens offered (via pre-sale and sale)","value": 35},{"name": "Community","value": 20},{"name": "Reserved for team","value": 18},{"name": "Growth & acquisitions","value": 15},{"name": "Long term foundation budget","value": 9},{"name": "Token sale expenses","value": 3}

Token Utility & Use Cases

SOLVE token is a utility token of the Solve.Care - decentralized healthcare platform built on blockchain technology. It is designed for care coordination, administration, and payments of healthcare and benefits around the world.

This is a programmable token that serves as a fuel for the platform and raises a lot of value regarding audibility, reconciliation, reporting, and utilization.

SOLVE token has multiple uses across business (B2B), consumer (B2C), government (B2G) and developer (B2D) stakeholders globally.

  • Insurance companies, clinical organizations, employers, ACOs and TPAs, - can sponsor millions of Care.Wallets, launch user-centric Care Administration Networks.

  • Individuals with families, and their physicians, - use SOLVE tokens to manage patients’ healthcare better and much easier with Care.Cards.

  • Government agencies use SOLVE token as the fuel for Care Administration Networks to administer healthcare needs of various population groups more effectively.

  • Developers, integrators and partners use SOLVE tokens when developing and publishing Care.Cards, Care.Protocol extensions to connect with local IT systems to drive global adoption of Solve.Care ecosystem.

Roadmap & Updates

  • 2014 - 2016
    • Decentralized healthcare platform concept creation
  • Q1 2017
    • Solve.Care incorporated
    • Solve.Care acquired Ukrsoft
  • Q2 2017
    • Intensive team development
  • Q3 2017
    • Prototype creation
    • Start of the Roadshow (Solve.Care representative are on the Blockchain Summit 2017 in Dublin and London)
  • Q4 2017 - Successfully met the soft cap during the Private sale
    • Successfully raised the soft cap which is 3M. Only team members, VCs and clients were allowed to participate in the private sale.
    • Solve.Care speakers are on CoinAgenda in Las Vegas, Toronto Blockchain Conference, Healthcare Unblocked in London, Blockchain Summit in Amsterdam, Open Innovation in Moscow, Fintechworld in Washington.
    • Release Care.Wallet 1.0
  • Q1 2018
    • Solve.Care signed first commercial customer with more than 250 000 clients
    • Pre-Sale opens on January 15
    • Token Sale launch on March 31
  • Q2 2018
    • Expansion of platform 2.0, provider Care.Wallet and reward program, pre-authorization for medical services
  • Q4 2018
    • Expansion of platform 3.0, Patient - Provider direct scheduling and payments, community extensible Care.Protocol
  • Q2 2019
    • Insurance ID card with built-in plan benefits, provider payments via Care.Coin, community published Care.Cards

Team Members

  • Pradeep Goel, CEO. Pradeep Goel spent more than 26 years in healthcare IT. During this time Pradeep Goel has built 4 healthcare IT companies and has been at the top of INC500 fastest growing companies lists multiple times. Pradeep is also on the 100 most promising entrepreneurs worldwide complied by Goldman Sachs CEO. In 2011 appointed by Governor of North Dakota to HITAC council to help direct state-wide health records initiatives for insurers and consumers. From 2012 to 2017 Pradeep has been working with healthcare initiatives of two US Presidents to design and build several public program solutions including Medicaid, Medicare, social services, children’s health, mental health and many other programs. Linkedin.

  • Jason Dehni, Regional President, Asia Pacific. Jason has 25 years of experience in management consulting, business development, finance, insurance, and blockchain advisory. He’s gained valuable local insight and significant expertise in the Asia-Pacific region from his extensive years of work in the area. Prior to joining Solve.Care, Jason served in various executive roles in major multinational companies, including BC Group, Sun Life Financial Hong Kong, Manulife, Scotiabank, and McKinsey & Company. He also co-founded two companies, one of which is Javelin Capital, an advisory and venture fund focused on the blockchain sector, where he served as CEO. Linkedin.

  • Vadym Vorobiov, CTO. Vadym’s entire career in software development has been related to product design, development and adoption. Vadym spent more than a decade in the Health and Human Services sector building and deploying enterprise systems for government and commercial organizations. Since 2004, Vadym’s primary focus has been to deliver products and solutions which bring value to clients and citizens. Having been involved in several projects with potential for broad impact on large groups of populations, he has learned to combine technology, innovation and proven development methodologies with awareness of how technology can and should impact lives. Vadym is applying his disciplined approach to product management and sustainable solution design to manage the Solve.Care solution roadmap. He is also the champion of the Care.Community approach to drive innovation and adoption of our platform around the globe. Linkedin.

  • Ed Odjaghian, Head of Partnership and Project Management. Ed Odjaghian, a senior IT executive with decades of experience in healthcare solution delivery. Mr. Odjaghian has 30+ years of experience in various roles including healthcare solution delivery to clients. Mr. Odjaghian has spent decades managing operations of various IT companies, including software development, client services and support operations, building and leading offshore development centers and delivering enterprise level integrated solutions to government and commercial clients. Linkedin.

  • Volodymyr Dyomkin, Operations Manager. Volodymyr Dyomkin has over 12 years experience in healthcare IT. Holding the post of General Manager, he has lead a team developing cutting-edge solutions for US healthcare public programs, including social services, children’s health, mental health, etc. Volodymyr has participated in building one of the prominent companies that got listed in INC500 fastest growing companies in the US. Linkedin.

  • Mariya Ozadovskaya, Director of Marketing and Communications. Mariya Ozadovskaya is the Manager of Marketing and Strategy at Solve.Care Foundation. Mariya has more than 7 years of experience in corporate communications, brand management, partner management, public relations and PR consulting. In the past, Mariya served as the brand and PR manager in Ukraine for the AXA Group, an international insurance and asset management group. Mariya has deep experience in managing advertising campaigns, managing crisis communications, public relations for executives, demonstrating corporate social responsibility and handling complex press conferences and media events. At Solve.Care, Mariya’s primary focus is to increase brand recognition, build a global community of supporters, key stakeholder communications and help business achieve its goals. Mariya has oversight over the corporate Web site, managing video content and distribution, all aspects of social media marketing, and generating thought leadership content. Mariya works tirelessly to establish executives as experts in the healthcare industry, and to create global awareness for the Solve.Care. Mariya also is responsible for events, conferences, and specialized business forums. Mariya is part of the Solve.Care executive team and reports to the CEO of Solve.Care Foundation. Linkedin.

  • Andriy Vorobyov, Solution Delivery Project Manager. Andriy Vorobyov has over 14 years of experience in project management. As the Solution Delivery Project Manager, Andriy leads a large team and has a fundamental understanding of software development processes and service delivery models. He has extensive experience in successfully running projects of various scale and complexity to their completion, including at for some of Europe's largest investment banks at Excelian | Luxoft Financial Services. In Solve.Care, Andriy brings his ability to define system boundaries, staff resources, set up development processes and engineering practices to support a whole cycle of SDLC to the table. Andriy is part of the Solve.Care management team, and reports to the CEO. Linkedin.

  • Dr. David Randall, Ph.D., Advisor, Ph.D. in Political Science, Executive Director of the ARPI. Dr. Randall received his Ph.D. in Political Science (Policy Analysis and Administration) from Kent State University. He currently serves as Executive Director and is Resident Scholar with the American Research and Policy Institute (www.arapi.org) in Washington, DC. Dr. Randall has extensive experience as a former top insurance regulator, legislative staff member, health care lobbyist, consultant and executive with not only insurance companies, but also with several provider trade groups in Washington. He has testified before both U.S. House and Senate committees of Congress on a variety of health policy issues. He also has over two dozen peer-reviewed and professional publications as well as book chapters on health information technology, health care entitlements and the policy process surrounding health care reform.

  • Karen L. Bowling, Advisor, Former Cabinet Secretary of the West Virginia Department of DHHR. Karen Bowling is the Vice President of Care Delivery and Transformation for WVU Medicine. She served in a number of management capacities in both the hospital setting and higher education until 1990 when she began working in hospital administration. From 2013 until January of 2017, Karen was Cabinet Secretary of the West Virginia Department of Health and Human Resources (DHHR) under Governor Earl Ray Tomblin. Also, she was a board member of many not-for-profit organizations, which included the Raleigh County Community Action Association, YMCA of Beckley, and the Beckley Healthright Clinic.

  • James Moran, Advisor, Former U.S. Congressman. James Moran served as the U.S Representative for the 8th congressional district of Virginia from 1991 to 2015. During his tenure in the U.S. Congress, Mr. Moran focused heavily on technology issues and was inducted into the American Electronics Hall of Fame. While in Congress, he was a senior member of the House Appropriations Committee, served as chairman and ranking member of the Subcommittee on the Interior and Environment, was a senior member on the Defense and Military Construction Subcommittees, and served as a member of the Steering and Policy Committee for the House Democratic Leadership. Congressman Moran’s service on the Solve.Care Strategic Advisory Board will enormously assist the company to meet the goals we have established for the platform.

  • Jack Friou, Advisor, Former Senior Vice President, Director of Government Relations at Aflac. 'Mr. Friou has extensive experience as a life and health insurance executive. Over the last 44 years, he has had a wide variety of career experiences with Aflac, based in Columbus, Georgia. His most recent position, for the last 18 years, was Senior Vice President, Director of Government Relations. In June of 2017, Aflac announced his retirement to make way for the next generation, and for his pursuit of other endeavors including his role as an advisor to the Solve.Care Foundation. Linkedin.

  • Michael Kessel, Advisor, President and Chief Executive Officer of Cleveland Clinic Canada. Mike Kessel is the President and CEO of Cleveland Clinic Canada and is responsible for the growth of the Canadian facility, strategic partnerships and enterprise value creation. Mr. Kessel was Co-founder and Vice President of Business Development and Finance for the Center for Partnership Medicine at Northwestern Memorial Hospital /Trio Health in Chicago. In this role, Mr. Kessel was instrumental in the development of a network of executive health and wellness programs with leading medical centers throughout the United States. The program was ranked as one of the top in the country by Forbes and Fortune magazines. Linkedin.

  • Ashis Chawla, Advisor, MD, Urologist at Cleveland Clinic Canada. Ashis Chawla, MD, is a Urologist at Cleveland Clinic Canada. His scope of practice includes treating both benign and malignant urologic conditions with a special interest in minimally invasive surgery. In addition to treating patients, Dr. Chawla is also a Staff Urologist at St. Joseph’s Health Centre, an Associate Urologist at Toronto Rehabilitation Centre, and a Lecturer in the Department of Surgery at the University of Toronto. Additionally, he is a Diplomat of the American Board of Urology and a Fellow of the Royal College of Physicians and Surgeons of Canada. Since completing his training, he has been actively involved in medical education which has led him to several recognitions including teaching awards at both the postgraduate and undergraduate levels. He presently heads the Endo-Urology and Minimally Invasive Surgery Fellowship at St. Joseph’s Health Centre. Linkedin.

Social Media Links

Twitter Updates

  • Now is the perfect opportunity to read this @Cointelegraph piece written by #SolveCare's CEO @_PradeepGoel. In his… https://t.co/5xizDK7Evo
  • If you're someone excited about storytelling, then #SolveCare needs you as our new PR Specialist. You’re able to cr… https://t.co/ixWEY1pBgA
  • "Along the way, we will make incremental and significant impact on humanity. Our clients are seeing the blockchain… https://t.co/0AFJAxSGWt
  • Meet Dr. David Hanekom, #SolveCare new President, North America and Chief Medical Officer. His 25 years of experien… https://t.co/F2JRdNcc2S
  • Our Information Security Manager commented on the Financial Action Task Force's issued digital identity guidance. B… https://t.co/x9qCe3NXnm
  • RT @_PradeepGoel: I'm excited to have Mel on our team! https://t.co/IwPu18dNMq
  • The U.S. currently ranks highest in healthcare spending. Fraudulent medical practice costs the federal government a… https://t.co/yZW0DUHopz
  • .@themerklehash and @M3MihaiIvascu got it right! The healthcare industry really is one of blockchain’s most relevan… https://t.co/M3wbvOPhtB
  • "Along the way, we will make incremental and significant impact on humanity. And that's something worth fighting fo… https://t.co/RF9FKASLFk
  • Welcome Mel Deutsch, our new General Counsel! “I was drawn to #SolveCare. What drew me was the power of one man’s… https://t.co/nX3TtTWhho