Thursday, July 25, 2019

This Is Why Blockchains Will Transform Healthcare


Blockchain is a potential game-changer for business but there is no clear and easy route to adopt. Apart from this challenge, the intrinsic nature of blockchain technology - such as interoperability, data security, and authenticity - can help in overcoming some of the main problems in health care. Some of these areas include:
EMR: Blockchain platform can support the entire life cycle of a patient's electronic medical record (EMR). For billing documentation, this provides strong security and perfect audit capabilities, eliminating excessive administrative units.
Prevention and detection of counterfeit drugs: Blockchain can be used to introduce anti-destruction capabilities at the manufacturing stage to ensure genuinely medicines.
Clinical trial results: Blockchain can provide accountability and transparency in the clinical trial reporting process by curating all trials related to published research.
Internet of Things: Device and health data produced by patients from IoT-enabled medical devices have very high expectations, especially if they are interconnected with health records accessed by providers and patients.
Sharing information across health services
Regulatory requirements, issues of authenticity, and security issues are some of the main obstacles to sharing information. Better collaboration can help accurate diagnosis and effective care to provide cost-effective care. Blockchain can remove unclear data ownership issues that increase data integrity and peer-to-peer accountability. Patient consent can be captured accurately using special approval provisions. Because they are recorded in an unchanging manner, health professionals can place full trust in them.
Without violating regulatory requirements, it will be possible to collect, store, protect and share health data and allow its use in real-time. The Health Portability and Accountability Act (HIPPA) limits the use of health data and delays its use in real-time. With the blockchain, a large number of records can be used rather than relying on selected voluntary releases. Health care professionals will get access to more information generated from patient health records that can result in an exponential increase in samples. This will empower hospitals, patients and others in the health service value chain to provide access to their networks without affecting data security and integrity.
Blockchain can also open new avenues for pseudonym health recommendations. The individual identity will remain safe when health data is added to the blockchain. Patient recommendations can be made based on this real-time data.
Blockchain also provides a safe and easily authenticated platform for the integration of data from devices that can be charged such as fitness trackers and devices using mobile applications. A single patient can produce authenticated and safe health data from many devices. By monitoring and accessing their daily health data, a customized health and exercise plan can be made for patients, which is continuously adjusted when the results are interpreted.  
Benefits of Blockchain Technology in the Health Services Industry
The use of blockchain technology will help the health industry in several ways, some of which are listed here:
1. Public Health: Using blockchain technology, the regulatory body can create a shared flow of patient information that is not identified. This flow will help authorities identify pandemics or threats so that they can take the necessary actions to control the problem in a timely manner.

2. Data Security: Blockchain technology is a smarter solution to protect patient information. Blockchain prevents unauthorized people from accessing information.

3. Managed Permits: Patients can specifically authorize individuals to access their medical information.

4. Simple Claim Processing: Blockchain technology can simplify complex medical billing processes by eliminating a series of validations and some third parties acting on behalf of other entities.

5. Patient-Generated Data: Patients will be able to easily upload and store their medical information that is updated safely without messing up previous records.

Conclusion: Blockchain has the potential for extraordinary use in various industries, including health care. Blockchain Health (blockchain-based system for medical research management). The Blockchain is an effective technology that can help prevent data breaches in the health care industry.
The basic advantages of Blockchain technology are decentralization, immutability, security, and transparency. The blockchain technology allows verification without having to rely on third parties.
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