How Healthureum Can Eradicate The Growing Menace Of Resource Mismanagement

One of the notorious problems in developing nations is the mismanagement of healthcare resources in spite of the trendsetting steps that have been taken. Without proper administration of the available resources, the healthcare sector may not survive during challenging times. Today, millions of people across the board have no access to proper medical care due to the insufficient resources which happen to be managed poorly. It is not uncommon for healthcare funds to disappear in the hands of anonymous partakers despite the common knowledge that the health industry is a fundamental part of life in any nation. Healthureum is the modern strategy that seeks to resolve these turbulences and facilitate the smooth running of healthcare institutions.

  

For a long time, the administration and execution of health finances and resources have been carried out manually through the typical paperwork. Surely, this approach has not been effective because anyone can manipulate it. A trailblazing technology has evolved, and it has the ability to combat most of these healthcare hurdles. Find out ways in which Healthureum can put to rest mismanagement of healthcare resources.

Decentralized data system

Blockchain technology is a decentralized program that allows participants maintain and secure their data. The encrypted data entails every single detail of healthcare as well as the available resources. Data stamps are used to verify any information that may be added to the medical records or whatever adjustment that's carried out. The significance of timestamping is to track editing of the stored data hence it is not easy people to interfere with the information. 

Cryptography is the method used to secure data thereby assuring reliability and accountability. When data is stored in blocks, it is virtually impossible to tamper with it. Interfering with the information would require a change across the whole network comprising of millions of devices, and this is practically impossible. 

When online transactions are carried through the system, the payments reflect on every computer or device involved in the network. This is why the monitoring of funds becomes easier. For that matter, the system improves the state of healthcare even in the most remote regions of the earth. 

Sustainable supply chain management

One of the ways in which blockchain can be applied in medical facilities is in the management of supply chain. The supply chain is responsible for the administration of medical and human resources. As far as human resources are concerned, the blockchain system would record information regarding medical staff, e.g., employment contracts and salaries. This can assist the human resource managers by minimizing their efforts and grievances. Also, the authenticity of healthcare infrastructure may be monitored t make sure that it is suitable for the intended use. 

The other issue that blockchain can solve is the problem of counterfeit medicine that's distributed across markets. Since the illegal drugs are manufactured improperly and with fake ingredients, their cost is usually low as compared to original and branded drugs. This problem is very common in places like India and China. 

It has been estimated that counterfeit drugs worth 200 billion dollars are sold annually, and saddest thing about these drugs is that they are not effective; they actually bring in more health issues. The World Health Organization reported that 100 thousand deaths per year are a result of counterfeit medicine. 

This eminent concern points to the need for a transparent supply chain management. Through blockchain, Healthureum can track the manufacture and supply of drugs through the hash that is produced in the process of drugs production. The system will also simplify traceability of drugs in case they are recalled. In a study carried out by Pistolla Alliance, it was found out that the Ethereum platform could improve the safety of patients through reliable supply chain management.

Monitoring of medical infrastructure 

If you look at most countries' annual expenditure, healthcare infrastructure takes up the greatest percentage. It has never been an easy task to decide how much money goes to the purchase of equipment and what should cater for development. As such, most institutions end up procuring temporal facilities that lose value after a short while. Sometimes, the procurement officers might be corrupting and purchase cheap equipment which they record as of high value in the paperwork. 

As you can see, the supply chain conundrum faces too many roadblocks. By incorporating the blockchain technology, comprehensive authenticity may be achieved in the procurement departments. Moreover, the cryptography-based mechanism provides a policy for assessing the utilization and demand of the equipment purchased as well as the return on investment. This way, useless supplies don't have a chance to get into the supply chain. In addition to the reliability of the supply chain, the maintenance of equipment is monitored with a gimlet eye. 

Efficient storage and management of data

Patients' information is consolidated and kept in blocks and secured through cryptography. Patients can find their medical history, treatment schedules, tests, and investigations in the single platform. Personal and sensitive information is secured here too, for instance, social security number and blood group. Through interoperability, a patient can share this information with healthcare providers to get better services.  

There is software through which patients can do online transactions once they receive medical services. Since the treatment costs for every medical visit are recorded in the system, patients can compare the amounts, and this ensures that health providers do not exploit them. Sometimes, due to corruption, patients end up paying more money than they should. But when healthcare costs are standardized, patients are the biggest beneficiaries, and they get medical help from competent and qualified physicians. 

The system can also be used to determine how many professionals are needed in a particular region. This process will help in the management of human resources to eradicate the issues of overstaffing or understaffing which normally lead to wastage of finances and labor.  

Summed up thoughts 

Once Healthureum becomes fully implemented, without question, it is going to spearhead in the management of medical resources. The problems which have bedeviled the health industry for a long time- monetary wastage, poor human resource management, and inadequate infrastructure- will be solved by the decentralized and transparent system. More information visit https://www.healthureum.io/