How Blockchain is Used in Healthcare
Blockchain technology can provide a universal and unified source of truth that all healthcare providers can use with ease.
Blockchain can put a patient’s information in one public yet secure ledger that all healthcare providers can use and access.
Blockchain can improve interoperability, security, and privacy of patient records in Healthcare, besides improving bookkeeping, shortening admission time, and transforming the supply chain.
Drug supply chain management: Provides the ability to track events in chronological order with complete transparency and a high level of data authenticity.
Claims and billing management: Drastic reduction in claims denial due to billing code errors and provides an easy way to verify the accuracy of billing codes.
Blockchain for healthcare centers: Validate and verify credentials of doctors and hospitals to gain trust and confidence.
Accurate Records Using The Blockchain
Healthcare institutions face security problems regarding data sharing on larger platforms. A patient may need the services of more than one healthcare provider in their life instead of trying to gain access to each healthcare provider’s walled garden of information. Accurate health care history and records for every patient are vital in ensuring appropriate treatments. The medical industry suffers errors, fraud, and potential loss of records, creating distrust between consumers and healthcare providers.
Blockchain technology has the potential to transform health care, placing the patient at the center of the health care ecosystem and increasing the security, privacy, and interoperability of health data, also allowing the hospitals, payers, and other parties involve to share data, have access to it at any hour without the fear of security, or data loss.