INFOGRAPHIC: APPLICATIONS OF BLOCKCHAIN IN HEALTHCARE
- 1. APPLICATIONS OF BLOCKCHAIN IN HEALTHCARE Challenges in healthcare data records Blockchain shows promise Inconsistency: 40% Insecurity: How Blockchain can Transform Healthcare of healthcare provider data records are filled up with errors or misleading information. $408 $53.9 $829.02 per healthcare record is the cost that healthcare data breaches have made. 90% of medical group managers and IT specialists agree that blockchain may resolve and expedite most concerns of connectivity, privacy, and patient record sharing. million in 2018 million projection for 2023 Blockchain technology in the healthcare market Drug Supply Chain Management Helps address the supply chain issues by providing a distributed ledger which is shared among all the stakeholders across different stages Digital Identity Simplifies data authentication process by decentralizing and expediting identity validation programs which took multiple rounds earlier Financial Transactions Allows direct healthcare service payment with the usage of cryptocurrency eliminating third-parties in billing, and hence, building a direct & trackable flow of information Application in HIE Builds a universal sharing mechanism to transmit healthcare data securely beyond geographical and institutional boundaries, giving patients the sole ownership of the medical record Claim and Billing Management Automates the different workflows involved in claim and billing management while providing a single copy of the contracts and information to all the involved parties Data Security in Clinical Trials Ensures researchers and practitioners security in their test results, enabling them to manage different reports and versions seamlessly Interoperable EHRs Makes data storage reliable and information exchange secure & quick when used with EHRs for improved medical interoperability and better patient experience Proprietary information - Do not copy or duplicate without written authorization from the author. Visit us at health.techjini.com Email us at sales@techjini.com https://www.marketsandmarkets.com/Market-Reports/blockchain-technology-healthcare-market-109977720.html https://www.ibm.com/security/data-breach https://cdn.newswire.com/files/x/16/40/321b6089f1b01dfd80433bffb0df.pdf Sources: