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5 Realistic Opportunities for Blockchain in Healthcare

The Blockchain is the leading technology which took the globe by its storm of revolutionary work in data management and exchange, in the financial sector. Its huge success in numerous industries has actually made healthcare world return up with queries too. Let’s take a glance at our new ppt which briefs you about 5 Realistic Opportunities for Blockchain in Healthcare.

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5 Realistic Opportunities for Blockchain in Healthcare

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  1. 5 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.

  3. 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".

  4. 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.

  5. Here 5 Ways Blockchain can Provide Advantages to The Healthcare Single & Longitudinal Patient Records. Patient Indices. Claims Adjudication. Supply Chain Management. Interoperability.

  6. 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.

  7. 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.

  8. 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.

  9. 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.

  10. 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.

  11. Are You Looking for a Blockchain App Developer? Contact Us https://www.consagous.com/blockchain-services/ https://www.consagous.com/ info@consagous.com

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