Blockchain Use Cases in Healthcare Industry - iFour Technolab Pvt. Ltd.


Ifourtechnolab

Uploaded on Oct 30, 2019

Category Technology

Information technology helps healthcare organizations in providing better services to patients and making better decisions. Some of the technologies like e-prescriptions, electronic transactions, and electronic medical records help in increasing the business functionality, removes data ambiguities, reduces the time of staff and physicians and enhances the relationship between the organization and patients. IT provides the ability to measure and monitor patients’ health and provides better analytics to physicians.

Category Technology

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Blockchain Use Cases in Healthcare Industry - iFour Technolab Pvt. Ltd.

https://www.ifourtechnolab.com/healthcare-custom-software-development USE CASES IN: HEALTHCARE https://www.ifourtechnolab.com/healthcare-custom-software-development USE CASES IN: HEALTHCARE Blockchain in Healthcare Global Blockchain in the healthcare market is expected to grow at a CAGR of 63.85% from 2018 to 2025 BIS Research, up to $100 billion can be saved per year by 2025 in data breach-related costs IBM and Ponemon found that healthcare data breach costs average $380 per record, more than 2.5 times the global average across industries Blockchain can help reduce the number of attacks on users’ data Verifiable identity and authentication of all participants https://www.ifourtechnolab.com/healthcare-custom-software-development USE CASES IN: HEALTHCARE Blockchain in Healthcare GIdloebnatilt yB ltohcekfctsh,a sinp ainm tmhein hge aanltdh ficanraen mcialr kdeatt ais c erximpecst, eadn dto t hgero pwa taite nat C'sA dGaRta o mf 6is3u.8se5% from 2018 to 2025 BCISo nRseisteeanrtc hre, purpe stoe n$t1a0ti0o nb itloli oanc ceasns beele scatvroendi cp ehre ayletahr i nbfyo r2m02a5ti oin data breach-related costs IBiMlli nagn da nPdo nCelamimons fMoaunadg tehmate hnet aolft hmceadreic daal tcala bimresa crehl actoesdt st oa vpeartaiegnet $d3ia8g0n poesre sre, ctroeradt, ments more than 2.5 times the global average across industries Global annual health spending is expected to have ballooned to over $8.734 trillion by B20lo2c0kchain can help reduce the number of attacks on users’ data Verifiable identity and authentication of all participants https://www.ifourtechnolab.com/healthcare-custom-software-development USE CASES IN: HEALTHCARE Use Case 1: Clinical Health Data Exchange and Interoperability Leveraging the technology to create a secure and unified peer-to-peer (distributed) database Benefits: The distributed system allows for data exchange with higher levels of security Cutting down on the administrative costs that the current system imposes Less vulnerable to technical failures and external attacks Blockchain Security networks can be particularly useful for hospitals Initiatives: Medical Chain – Users grant doctors immediate access to their health record via their mobile devices while data is kept secure on the blockchain https://www.ifourtechnolab.com/healthcare-custom-software-development USE CASES IN: HEALTHCARE Usse Casse 12:: Cllianiimcasl AHdejauldthic Dataiotan Eaxncdh Banillgineg a Mnda nInatgeermopeenrtability Loewverrasg Aindgm tihneis treacthivneo lcoogsyt st oa ncdre ealtiem ain saetecsu rteh ea ntrda udnitiifioenda lp celaeirm-tos -cpleear i(ndgis htroibuusete adn) d rdeactoanbcaislieation layers Benefits: TChoem dpirsetsrisbeust ecda sshy sfltoewm c aylclolewss, afonrd d raetdau ecxecsh raenvgeen uwei th higher levels of sloescsurity CMuatkteinsg c dlaoimwns opnro tchees saidnmg ainnisdt rsaetcivuere c poastysm thenat thraen csuarcrteionnt ss ywsoterkm m ore efficiently and cost- iemffpeoctsievsely LAebsilsit vyu tlon epruasbhle s utos ptecth ncliacaiml fsa tilhurroeusg ahn tdh ex rteeirmnbaul arstetamceksnt process is diminished BIdleonckticfyh asiuns Specut rciltayi mnest woro prkasy mcaenn bt ere pqauretisctuslarly useful for hospitals IIniittiiattiives:: CMheadnigcael HCehaalitnh c–a Urese -r Ms agnraangte d colcatimorss, irmemietdtaiantcee sa,c icmespsr otvoe t hceoilrle hcetiaolnths ,r mecionrimd viziea dtheeniira mls oabnidle u dnedveicrpeas yments, mwahnilea gdea tdaa iilsy kreepvte sneuceu crey colens t hoep ebrlaotcioknchs aeiffnectively https://www.ifourtechnolab.com/healthcare-custom-software-development USE CASES IN: HEALTHCARE Use Case 23: CDlrauigm Ss uApdpjulyd iCchaatiionn M aannda Bgeillminegn Mt andag Permoveenntance LEonwhearnsc iAndgm SiCnMist wraitihv ed icgoitsatls t aonodls ,e plirmeidniactievse tahnea tlryatdicisti,o annadl cmlaoimres a clceuarrainteg throaucskein agn d rtecohnciqiluiaetsion layers Benefifitts:: JCuostm-ipnr-teismse”s dcaeslihv eflroyw o fc ypcroledsu, catns db yre idnutecgersa rteinvge nwuieth hospital information sloysstem PMriavkaetse cBlaloimcksc hparoinc’ess asnindg inatnedr -seenctuerep rpisaey mneetnwto trrkasn sfoarc timiopnrso wveodrk s mecourreit eyffi ancide ntly and cost- veiffsiebciltiitvyely Albl itlritayn stoa cptuiosnhs s buestpweecet nc lasuimpps lyth crohuaginh p tahret nreirms baruer saecmcuernatt eplryo crecsos ridse ddim anindis ehaesdily shared RIdeednutcifey wsuasptee catn cdl afrimausd o or fp oarydmere cnot nresuqmueasbtlse supplies, including high-value medications and addictive opioids Create a reliable and tamper-proof audit trail for products as they move through the healthcare Ineitniavitriovnemse:nt IniCtihaatnivge sH:ealthcare - Manage claims, remittances, improve collections, minimize denials and underpayments, manage daily revenue cycles a Ambrosus - currently in talks with large pharmaceutical suppliers in relation to launching a pilot program utilizing thhettirp csu:/r/rewnwt wpr.oifdouucrttsechnolab.com/healthcare-custom-software-development USE CASES IN: HEALTHCARE Ussee CCaassee 34:: DCryubge Sr uSpepculyr iCtyh aind M Haenaaltghecmareen tIo aTnd Provenance EInnchreaansceinsg SthCeM sweicthu rditiyg itaolf tomolesd, ipcrael dicntfiovrem aantaiolynt ictsh,r oaungdh m othre aDcceucreantetr atrliazcekdin gL edger tTechnioqluoegsy (DLT) Benefifitts:: JUunstiq-iune-t iimd en”t idfieelrivse froyr omf epdroicdaul cdtesv bicye isn taengdr ating with hospital information saysssteetms PSreivcautre dB laoncdk cshealeinc’tsiv aen adc icnetsesr- eton tpeartpierinste- gnentweroartkesd f ohre aimlthp roved security and vdiasitbaility ASlml tarartn msaecdtiiocanls absestewt emeann saugpepmlye cnhtain partners are accurately recorded and easily shared Redmuoctee w aansdt ea uatnodn ofrmauodu so fd oiargdneor sciosnsumable supplies, including high-value medications and ad Create a reliable and tamper-proof audit trail for products as they move through the healthcare Ineitnivairtoivnemse:nt InitTaiaipteivi eMse:dical University Hospital & DTCO - Released phrOS to increase transparency between medical institutions by putting all of a patient’s medical information on a blockchain Ambrosus - currently in talks with large pharmaceutical suppliers in relation to launching a pilot program utilizing thhettirp csu:/r/rewnwt wpr.oifdoucrttsechnolab.com/healthcare-custom-software-development USE CASES IN: HEALTHCARE UUssee C Caassee 4 5: :C Cylbineirc aSle Tcruiarlisty & a nPodp Huelaatlitohnc aHrea IlothT Research MInecdreicaasle dsa ttah eo n sBelcoucrkictyh aionf comueld ibcael usinefdo rbmy attriioanl retchrruoiutegrhs toth ied eDnteifcye pnatrtaielinzetsd wLheod cgoeurl d bTecnhenfiot lofrgoym ( DthLeT )drugs being tested Benefits: Benefits: Unique identifiers for medical devices and aPrsosmetoste research commons and remunerative Smeocduerelsd and selective access to patient-generated health Mdaatnaaging IP/R&D assets transactions Smart medical asset management Clinical trial data integrity & Rpreomvoetnea nacned autonomous diagnosis Faster Regulatory compliance & approvals Initiatives: IniTtaiaipteivi Mese:dical University Hospital & DTCO - Released phrOS to increase transparency between medical iAnmstbitruotsiouns s- bAyb upnudttaingce a oll fo bf loac pkacthieanint ’sy mstedmicsa cl uinrrfoenrmtlya taiovna iolanb ale b, lhoocwkcehvaeirn the company is trying to adapt them to the Pharma Industry https://www.ifourtechnolab.com/healthcare-custom-software-development USE CASES IN: HEALTHCARE What we offer? Custom Blockchain mobile and software Blockchain Consulting Cryptocurrency (ICO) https://www.ifourtechnolab.com/healthcare-custom-software-development USE CASES IN: HEALTHCARE What we offer? CDuAsptpo m Blockchain mobile and Development BHlyopcekrclheadigne Cr oSnesrvuilctieng CSmryaprtto cCuornrternacyt D(ICevOe)lopment https://www.ifourtechnolab.com/healthcare-custom-software-development USE CASES IN: HEALTHCARE Contact Us [email protected] Follow Us : https://www.ifourtechnolab.com/healthcare-custom-software-development