A doctor and former programmer is using bitcoin's revolutionary payment system as a new way to protect his patients’ privacy.
Earlier this year, Dr Paul Abramson's private practice, My Doctor Medical Group in San Francisco, began allowing patients to pay for their care with bitcoin.
The decision has meant that people who want to keep their healthcare private can hide their medical payments from their bank.
“Some patients wish to maintain extreme privacy regarding their medical care, and have identified that payment in bitcoin serves that end better than other methods,” Abramson told CoinDesk.
A vocal advocate for privacy, Abramson says he first became aware of bitcoin in 2012. However, he admits his own personal use of the currency is “limited” and “mostly to buy cupcakes at the Cups & Cakes Bakery in San Francisco”.
“We started accepting bitcoin in early 2013. It was my idea, based on my interest in privacy issues and alternative currencies, and discussions with some of my privacy-minded patients,” he said.
On the My Doctor website, these patients are named as the “most discriminating clientele”.
: “One important part of the confidentiality puzzle is payment. Using a credit or debit card to pay for [medical] services exposes your private information to the financial system and can’t be easily controlled.”
Abramson applies a similarly high standard of privacy to his own practice. He refused to say what payment processor his practice uses, though he admited they moved from a direct wallet approach “for logistical reasons”.
He is similarly tight-lipped about the volume of bitcoin trade his practice has done, except to say:
Bitcoin has recently been making a few tentative inroads into the healthcare sector.
Given that the majority of health services in Western countries are free at the point of use, it’s unsurprising that clinics accepting bitcoin payments are in the parts of the health sector where patients pay directly on a treatment-by-treatment basis.
Dr Abramson is the first to make the argument for using bitcoin in the healthcare arena, because of the privacy implications of being able to make anonymous payments.
In contrast, the clinics above all cited the “avoid transaction fees” argument.
It has been said time and time again that bitcoin isn't 100% anonymous, as a person’s transactions can be connected to their real-world identity when they convert bitcoin into a traditional currency, or vice-versa.
But for keeping information about your health between you, your doctor and nobody else, the very good anonymity granted by bitcoin could be very useful indeed.
Pressmaster Image via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.