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Understanding The Chronicled Blockchain Solution For Pharmaceuticals

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A group of antibiotic pill capsules fallling. Healthcare and medical 3D illustration background.
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Patients in the United States receive $500 billion in pharmaceutical treatment each year. Behind this industry revenue, Intra-company transactions such as rebates, chargebacks, and other administration costs drive incentives and distribution between organizations. Chronicled provides blockchain-based MediLedger Network solutions to instantly complete these transactions, reducing human processing, revenue leaks, and cash flow inefficiencies that plague the industry.

Today’s technology provides a step function transformation in the way transactions are carried out. Rather than just sending data, Chronicled’s Industry Network 2.0 functions as a “virtual clearinghouse,” offering quick feedback on filed transactions and, if valid, adjudicating them in real-time.

Contracts & Chargebacks, Chronicled’s first industry revenue management system, automatically settles chargeback claims between pharmaceutical companies, distributors, and large purchasing organizations, ensuring…

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