Healthureum Aims at Reducing the Level of Disparity between Public and Private Healthcare Systems

Research indicates that the health care spending ranges increases between 2015 and 2020 ranges from 2.5% to 7.5 %. This is because of the inadequate medical infrastructure making it hard for public health care systems provide quality and affordable services. Healthcare is presumably the highest family expense regarding experimental programs, ongoing treatments, and health insurance and emergency cases.

The disparity between the private and public sector is one of the causes of the increased costs. Insurance providers, practitioners and healthcare institutions take advantage of the patients’ desperation to pay everything they can afford and recover. The Project Healthureum through its blockchain technology removes the potential risks of human manipulation, delays in prognosis, data mismanagement, and access limitation. Healthureum is dedicated to eradicating all the variables between the public and private sector to ensure, affordability, consistency, and transparency of healthcare services through the following ways


Improving Interoperability

Interoperability enables of two or more systems to exchange, use and share the information shared between them. The Project Healthureum enhances the interoperability for the patients and hospitals. Patients can own their data and be able to give access to others to view or add additional data to their record. Interoperability makes it possible for two hospitals easily share data relating to a similar patient without replicating that data in different formats for utilization. The blockchain technology ensures that the information is cryptographically secured and irrevocable. It saves time and cost of data reconciliation, providing the patient’s medical history to multiple users at the same time in real time.

By Promoting Collaboration Between Different Facets of Healthcare

Traditionally, healthcare data is stored in an EHR system that is usually customized to a particular healthcare provider. This makes interoperability difficult as the information is kept under siloes that act as hindrances in data sharing frustrating the patients, researchers, regulators, and providers. The blockchain operates on a decentralized approach to ensure all the interested participants can access the data and no single entity is in charge of the data. The responsibility of maintaining the data integrity and security is shared among all the participants in the shared network.
For authentication of any change in data the blockchain uses the timestamp as its records and tracks each edit carried out by the permitted user to access data. This enhances the accountability and transparency of each step of the process and encourages the need for patients and providers to have access to the updated outstanding bills, diagnosis, prescriptions, test results, and services rendered. It builds a chain of trust by addressing trust issues such as provider sider-user identification, patient consent, and identification and help in the reduction of billing fraud and erroneous malpractice claims.

Introduction to Data Systemization and Standardization

Project Healthureum enables the patients to merge their entire medical, emergency or personal data and store it on a single secure platform. The patients can share the information with their doctors in a relaxed manner. The data cannot be mismanaged or tampered with, as it is in cryptographic nature and the blockchain technology stores in a chronological order making it easy to access. Healthureum has developed standardization in data sets. This is to promote the patient data integrity while considering the practical frameworks while determining the format and size of data to be submitted on the blockchain.
The standardization promotes interoperability between organizations and patients efficiently and securely without interference on the regulatory and privacy compliance. It enhances the patient experience by enabling collaboration between hospitals and departments preventing human error and fraud in billing and claims. The data systemization can save lives as in case of emergency the first handlers can access the mission-critical data such as allergies, blood group, current prescriptions or pre-existing illnesses.

Availability of Longitudinal Records

Healthureum through the blockchain-decentralized program a new healthcare provider can access the longitudinal health records. They provide a longitudinal view of the patient’s health state as they include family history, prescriptions, and pre-existing illnesses. This contributes to the efficient patient treatment resulting in better patient experience.

Monitoring of the Supply Chain

The blockchain technology under the Project Healthureum accurately tracks the production and movement of a drug through the chain with the hash generated during production. This makes traceability easy in case the drug is to be recalled for any reason. This minimizes the deaths associated with the circulation of counterfeit medications.

In Conclusion

Project Healthureum realizes the need to reduce the disparity between the public and private health sectors to ensure that patients can access affordable, accurate and transparent services while its long-term is a better society graced by good health. more info please visit https://www.healthureum.io/



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