Next Generation Healthcare Solutions Based On Blockchain Technology An

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Next Generation Healthcare Solutions Based On
Blockchain Technology And AI Part 1
In healthcare, a patients medical records are
distributed to different healthcare providers.
One part is held by the primary care doctor, and
several others are held by specialists with whom
an individual met throughout their life. This
makes it very difficult to manage patient
personal medical data.
Todays healthcare ecosystem is struggling to
fulfill the expectations of the modern users.
Developing usable, high integrity records
associated with a patient in spite of moving
through various healthcare domains and
institutions is one of the major challenges for
healthcare IT. Do you want to know how to solve
the complexity and get the better patient care
outcomes? Read on.
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What is Electronic Health Record? Electronic
Health Record (EHR) is a digital database which
focuses on the total healthcare of patients. It
is precisely designed to reach beyond the health
organization that originally gather and
collaborate information. The National Alliance
for Health Information Technology concluded that
EHR data can be created, managed, and consulted
by authorized clinicians and staff across more
than one healthcare organization. How
blockchain and AI can support EHR? Blockchain
technology can support the entire lifecycle of a
patients EHR by making data easily accessible.
On the other hand, Artificial Intelligence helps
to extract insights from the huge data that is
difficult for the human to analyze. There is a
tremendous potential in combining large sets of
Electronic Medical Records with public
databases. In healthcare, for instance, every
patient visit, analysis, recommended treatment,
result and other key information that goes into
the EHR are viewed as transactions. Different
suppliers, payers and drug stores all record
this data on a similar record for a given
patient, and they can gain information put there
by each other. For example, medicines can be
noted, evaluated and figured out to prevent
abuse. Talking about a recent example,
researchers in California discovered, using
public health informatics, that a drug that
kills parasitic worms may fight liver cancer.
Last year, Mark Zuckerberg and his wife Dr.
Priscilla Chan funded the project which predicted
other drugs that might treat cancer to the tune
of 10 million.
Blockchain and Artificial Intelligence for
Healthcare Two cutting-edge technologies
Blockchain and Artificial Intelligence have the
potential to assemble all the fragmented
healthcare records in real-time and make a
compact patient-centric healthcare data across
systems. Both Blockchain and AI together can
elevate the use of data and other resources in
the medical industry. With their support, medical
industry can improve quality, bring down cost,
and regularize healthcare sector like never
before. The built-in properties of blockchain
technology work as a revolutionary means which
help in tracking complex treatment process. The
sharing of resources and information across the
borders of companies, government agencies and
institutes often get hacked. Blockchain delivers
the space for collaborative RD in a safer way.
This, in turn, offers more productivity and
minimize the costs.
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• Current Statistics and Healthcare Community
• Healthcare spending is forecasted to increase
  globally to 8.7 Trillion by 2020 (OECD),
  however, the same growth is not seen in the
  better patient care outcomes.
• According to Statista (2016), the size of the
  blockchain technology market worldwide is
  expected to grow to 2.3 billion U.S. dollars by
  2021. This forecast is based on an annual
  constant growth rate of 61.5.
• For instance, in 2017, blockchain was primarily
  used for three applications in healthcare
• Identifying and tracking drugs
• Audit trails for doctors, healthcare providers
  hospitals that a plan has contracted (provider
  network)
• Value-based healthcare (network providers get
  paid based on patient health outcomes).
• Currently, many more uses-cases, such as
  Electronic Health Records (EHRs) can be accessed
  by providers, supply chain unit to prevent
  losses from pharmaceutical misuse, reduction in
  fraud, clinical trials, and data security in the
  new Internet of Medical Things (IoMT).
• Blockchain Solutions in Healthcare
• Personal Health Wallet
• The blockchain itself can take care of the
  overall security, adaptability, and flexibility
  of the
• medical data. In recent healthcare ecosystem,
  patients reports are spread across various
  systems which are controlled by different IT
  departments. A personal Health wallet helps
  patient to own and easily manage the health
  records. A patient can share his or her data with
  anyone with the help of personal health wallet,
  mainly the clinicians to view and edit the data.
  Even this wallet can be connected with wearable
  devices for easy recording and sharing the health
  data with clinicians.

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• the system. It offers proof-of-existence by
  adding data in the form of transaction and
  validating the information by all connected
  computers. This allows storage of information in
  a secure way, making it impossible to modify the
  data. The decentralized feature lets the patients
  have an unparalleled control over crucial
  clinical data.
• Population Solutions for Government
• Blockchain technology helps the government in
  understanding what is going on with the current
  patient population so that they can proactively
  control the future population needs and trends by
  arranging medical care and services in an
  accurate manner. It will support any government
  in attaining three major goals of reducing
  healthcare costs, improving the standard of care,
  and complementing the overall patient
  experience.
• This is just the beginning, the real blockchain
  potential uses are limitless and the new ones are
  being uncovered on a regular basis.
• To be continuedStay tuned for Part 2
• Take part in the next technology revolution with
  Blockchain and AI. This year, industries have
  some incredible opportunities to higher their
  efficiency. We at Sphinx leveraging blockchain
  technology and finding novel ways to maximize the
  outcome which offer best results to different
  sectors.
• Any questions? Feel free to Contact Us.

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