5 Realistic Opportunities for Blockchain in Healthcare

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5 Realistic Opportunities for Blockchain in
Healthcare
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• 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.

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Imagining 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".

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Why 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.

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Here 5 Ways Blockchain can Provide Advantages to
The Healthcare

1. Single Longitudinal Patient Records.
2. Patient Indices.
3. Claims Adjudication.
4. Supply Chain Management.
5. Interoperability.

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Single 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.
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Patient 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.

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Claims 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.

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Supply 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.
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Interoperability

• 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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