Title: 5 Realistic Opportunities for Blockchain in Healthcare
15 Realistic Opportunities for Blockchain in
Healthcare
2- Blockchain technology has the potential to
transform health care, placing the patient at the
center of the healthcare ecosystem and increasing
the security, privacy, and interoperability of
health data. - This technology could provide a new model for
health information exchanges (HIE) by making
electronic medical records more efficient,
disintermediated, and secure.
3Imagining Blockchain in Healthcare
- In healthcare, critical information is
scattered across multiple systems. - The current healthcare infrastructure has often
been called inadequate to handle information
exchange and requires certain tweaks. - Blockchain has gone beyond the innovation
trigger and is just at the peak of inflated
expectations".
4Why Should Blockchain be Incorporated into
Healthcare?
- In my opinion, one of the biggest things that
make the use of blockchain revolutionary in
healthcare is the lack of a central
administrator. - Why? Because a database is still a tangible
thing - consisting of bits and bytes. If the
contents of the database are stored in the
physical memory of a particular system, anyone
who has access to that system could corrupt the
data within.
5Here 5 Ways Blockchain can Provide Advantages to
The Healthcare
- Single Longitudinal Patient Records.
- Patient Indices.
- Claims Adjudication.
- Supply Chain Management.
- Interoperability.
6Single Longitudinal Patient Records
Longitudinal patient records - compiling
episodes, disease registries, lab results,
treatments- can be easily accessed through
Blockchain which even includes the inpatient,
ambulatory and wearable data - assisting
providers in approaching up with better ways of
offering care.
7Patient Indices
- When we deal with healthcare data, records get
incompatible or copied. Also, different EHRs
have a varied schema for every single field-
coming up with numerous ways of entering and
manipulating the easiest of data sets. - Blockchain, the entire data set is hashed to a
ledger, and not just the main key.
8Claims Adjudication
- Blockchain works on a validation which is based
on exchange, the claims can be robotically
verified where the network concurs upon the way a
contract is carried out. - Also, as there is no kind of central authority,
there would be very less errors or frauds.
9Supply Chain Management
Blockchain-based contracts can guide healthcare
organizations in taking care of supply-demand
cycles through its entire lifecycle- how is the
contract taking place, whether the contract is
victorious, or if there are any setback.
10Interoperability
- Interoperability, the very assure of
Blockchain, can be understood by the use of
complicated APIs to make EHR interoperability and
data storage a consistent process. - Blockchain network being shared with official
providers in a secure and standardized way, that
would reduce the cost and burden. - Blockchain can covert revenue cycle management,
drug supply management, clinical trials and avoid
frauds.
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https//www.consagous.com/blockchain-services/
https//www.consagous.com/ info_at_consagous.com
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