Why Do Healthcare Providers & Startups Prefer Blockchain?

Patients are given a special decryption key by blockchain and healthcare, which helps to encrypt patient health information (PHI) so that doctors or anybody else cannot access it. This effectively ends digital identity fraud while assisting patients and clients in authenticating doctors in order to maintain a secure electronic health record. Additionally, it makes it easier for customers and patients to submit medical insurance claims.

Healthcare Sector Business Models Using Blockchain

Blockchain for pharmacies

Make and receive orders for re-stocking quickly by finding suppliers beyond borders

Blockchain for hospitals

Eliminate multiple middlemen intervention and provide accurate treatments

Blockchain for healthcare centres

Validate and verify credentials of doctors and hospitals to gain trust and confidence

Blockchain use-cases and opportunities in healthcare

Development of Smart Contracts

Control medical supply chain management using smart contracts to live track orders, operations and transactions

Development of Permissioned Blockchain

Access and share medical data in real-time across medical departments and beyond boundaries

Development of Permissionless Blockchain

Allow medical personnel to create their own website and network to provide access to medical data

Blockchain in clinical research

Improve communications between doctors and patients during clinical trials and enhance accuracy of medical research

Blockchain for EHR

Provide a universal set of tools for cryptographic assurance of data integrity, standardized auditing, and formalized contracts for data access

Blockchain in drug supply chain management

Provides ability to track events in a chronological order with full transparency and high level of data authenticity.

Blockchain in claims and billing management

Drastic reduction in claims denial due to billing code errors and provides easy way to verify accuracy of billing codes

Blockchain in HIE

Make room for doctors, pharmacists, healthcare providers and patients to appropriately access and share vital information

Blockchain patient data management

HIPAA & GDPR compliant patients’ protected health information wherein patients could seamlessly control who should access what data

Types of Healthcare Blockchain Solutions

  • Consortium Blockchain

    Remove central hospital administration authority and eliminate any sole medical autonomy in decision making

  • Private Blockchain

    Keep patient data secured with restricted authorization and accessibility to privatize patient data management