Blockchain is building quick roads to connect with healthcare and redefine how healthcare has been working. Blockchain is spinning up the wind with its disruptive nature in healthcare. It is characteristically decentralized, peer to peer encrypted and tamper proof database. Healthcare departments have a huge amount of data stored centrally. Blockchain development would bring inter-compatibility, security of data and ensuring its sharing at greater speed with lower cost. The most fascinating thing about blockchain is that, all the participant on the network like hospitals, insurance providers, bill payers and patients will be able to access trusted information using a private or public key. Any participant can look at the number of transactions made or history of the patient or any related documentation. Hence all together on a network doctors and patients could make a decision. Blockchain could possibly help the patients reach doctors and keep them available and hence store all the necessary documents for claims adjudication.
Here are the possible user cases in healthcare:
Patient data management
Implementing blockchain solutions using impressive models for sharing medical records would assist in managing detailed information about patient and his/her health . These could also contain hospital level or doctor level information related to the patient. All the data stored centrally can be structured and maintained at patient’s end, hence securing it at the same time.
Patient generated Health data
Patient generated health data (PGHD) is extremely popular wherein patients record or collect data to address their health concern. They would record a video or type in a smart phone. Instead of Saving PGHD data on the devices, you could ask them to store the information on health blockchain. The blockchain will have the history of the patients data.
Clinical Trials and studies
Blockchain helps in collecting more accurate and larger sample size for efficient clinical trials. As there will be a large population online on blockchain so there will be limited need for volunteers for trials.
Payments and payer contracts
A blockchain network would contain all the participants like patient, hospital, insurance company for all payments to be made. This leads to saving time and cost in a much easier way. Smart Contracts Blockchain are self executing programs that can send notifications anywhere on the network, also in the event of threat or when a new block is added to the network.
The major idea behind implementing blockchain is customer experience while optimizing the flow of information in most efficient way. Heath care is ready to swirl and transform into an efficient paradigm of adopting technology and care. We at NetSet Software are gearing up to assist healthcare providers and society at large for better and transparent healthcare services.
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