The blockchain is the Revolutionary Change That the Healthcare System Needs

Technology has always been associated with the change in our minds sets and how we do things. The blockchain revolution is just more than change; it has made inroads into the healthcare systems and is poised to grow the sector. A disruption of the current Healthcare by blockchain technology is a surefire way of bringing in the revolutionary change needed. Embracing blockchain technology means creating a universal database for health information that can be shared seamlessly between physicians and other healthcare service providers. Once the systems are integrated, all players can access the information with better security and privacy.  Uniform access to data has always been a stumbling block in the health sector.

With the use of blockchain technology, the administration process will become less cumbersome, and doctors will spend more time with patients for better care. It also enables real-time sharing of research and diagnostic records to facilitate dispensations of the latest therapies, drugs, and procedures for various ailments.

Although blockchain technology is synonymous with cryptocurrencies, especially Bitcoin, it applies to other industries as well. Transactions in the network are stored on blocks and encrypted in a digital ledger with not administrator. However, records are stored across the blockchain network and records are always up to date an in sync since each new entry is time-stamped for additional security.

The potential use of blockchain technology in healthcare is unlimited. There is a lot of data lying out there and needs to be streamlined, and integrity injected into it. The health sectors have research data, patient medical records, billing records and clinical trials that require a  blockchain based network to store all these chronologically. This way, issues of governance and collaboration between stakeholders will be achieved.

Medial data management is another aspect that Blockchain technology seeks to revolutionize. Digital medical records will become easy to access securely. Once stored in a blockchain network, all providers will be able to access it to cut down on the current duplication of procedures and wrong prescriptions. There are many life-threatening ailments and procedures that require authentic records and fast action through real-time data exchange.

Blockchain technology thrives on anonymity and is ideal in the healthcare industry. Patients have control over the type of data to disclose in a bid to help researchers make breakthrough findings. Once data is readily available, it is easy to conduct fast research that saves time and money in medical projects. However, your data cannot be used without your permission since you hold your private key.

Once blockchain is used, it can facilitate the development of new drugs through making patient data easily accessible. This will, in the long run, reduce the number of counterfeit drugs and unqualified practitioners in the health sector. With the current system, counterfeited drugs are flooding the market since they cannot be easily tracked.

Billing management and claims are other areas where blockchain technology comes in handy. In2016 alone, the United States recorded records $30 million in false claims. With blockchain based systems, this could not have been possible since you cannot double spend or reverse a transaction on the network. The technology eliminates intermediaries and automates processes for better efficiency.

Blockchain-based systems or applications are critical in medical research. The network centralizes clinical results, diagnostic results and new treatment regimes that improve patient care and resulting outcomes. Once results are centralized, medical innovation becomes faster and data sharing seamless. New research finding is added to the blockchain for all participants to use and this is seen as one of the fasted ways to address emergencies and other ailments.

Data security is very important in healthcare. According to Proteus Breach Barometer report, 140 million patient records have been breached between 2015 -2016 alone. The existing healthcare systems are highly insecure and the only way out it to employ blockchain technology. Blockchain solutions keep data private and secure and benefit the health sector by connecting medical devices across the globe.

With the use of multi-signature to access medical data, only network participants have access to their health records. The multi-sing function of the blockchain gives user total control of their medical data. With a private key, your data cannot be altered or deleted from the system or network.

With the continuing tests from healthcare organizations, revolutionizing the Healthcare through blockchain is possible. With many blockchains embracing developers to build applications on their platforms, many applications are coming onboard to change how the current healthcare systems work. more info please visit http://healthureum.io/