(adsbygoogle = window.adsbygoogle || []).push({}); Healthcare sector has suffered a fair deal of ups and downs.
Mainly because of the changing technology and the complexities that are involved in treating and curbing new diseases. It is somewhat sad to mention that the efficiency of service delivery has also been affected by the many parties and long chains that are involved in the medical field.
At times, a patient will have to wait for the insurance company and lawyers to share relevant information before the patient can receive the desired medical attention. It is clear that there has not been a reliable channel through which desired parties can share medical data securely.
This lengthens the period that the patient waits to be attended to and also makes medical care extremely expensive. Healthureum has come up with new and reliable technology that will help solve the problems which are currently being experienced in the healthcare.
Particularly the high operational and regulatory costs that are brought about by unnecessary complexities. Through data sharing and employment of blockchain technology, Healthureum will use the following techniques to bring down the costs of administering healthcare; By utilizing Smart Contracts The contracts are based on predefined terms.
Instead of relying on human opinions, healthcare processes are smoothly executed without error, manipulation of instances of fraud. Sharing of non-identifiable data is possible because the system will protect the patient's identity while still allowing healthcare stakeholders to access data for analysis.
With smart contracts, patients can obtain loans quickly as long as they meet the desired terms. The credit will be processed within a short time reducing the legal costs that are involved. This lowers operational cost and allows the patient to access care without delays.
Lower Transaction Costs by Using Blockchain is Urgently Needed Blockchain technology is a digital ledger that easy to audit and eliminates third parties that slow the processes in the healthcare sector. Since the ledger is transparent and distributed across several healthcare facilities or departments, the regulatory costs are reduced.
Blockchain eliminates the cost involved in tracing money laundry cases. Blockchain allows all private and public keys (i.e. users of Healthureum) to access the medical data that is distributed across the network. Both health caregivers and patients can access the data securely provided they have the required credentials.
What's learn more, with blockchain, a patient's medical history can be updated regularly, and the network will hold information that harks back to when the patient was just a child. Such information when accessed by physicians and other specialist makes it easy for patients to get the ideal treatment package.
This secure data sharing lowers the time taken to access the data and the operational cost efficiently. Cost of Sharing Data Amongst Healthcare Institutions Has to be Reduced The secure access to patient's data makes it easy for different organizations to access the data when needed.
Blockchain has made it cheaper to obtain this information securely as long as the security credentials are legit. Before blockchain, accessing information from one hospital to another was a lengthy [process full of third parties that made the whole process expensive. Blockchain has improved efficiency in data sharing while reducing the cost of transferring patient records. Since blockchain is decentralized in nature, it is easy to maintain a secure system that doesn't require lots of maintenance costs to prevent hackers from access patient's data illegally. The cost of auditing is also lowered. Improved Billing Thanks to Healthureum Healthureum does away the human errors that are common in hospitals billing departments. Due to inaccurate information shared from one person to another, billing takes extremely lengthy period while errors are prevalent. With Blockchain technology, different agencies will access accurate data and make billing a faster process. Healthureum is also using tokens which are at the center of their operation to pay for medical costs and to reward different healthcare personnel's who excel at disseminating accurate information accurately on the blockchain network. Maintaining the Integrity of the Global Drug Supply Chain with the Inception of Healthureum The pharmaceutical companies incur about $200 loss per year due to counterfeit drugs entering the healthcare sector. With blockchain, the problem can be eliminated entirely using private keys and smart contract technology. The system will trace the supply chain down to the source and will eliminate entry of fake drugs into the market. Healthureum will utilize blockchain to share accurate information, interconnect departments and healthcare organizations thus lowering the cost that is brought by the intermediaries and other third parties that make service delivery a long process. Standardization and Operability One of the primary goals of Healthureum is to improve the delivery of medical services by promoting interoperability and standardization among medical institutions. Interoperability, in this case, refers to the capacity of sharing data and information from one medical facility to another across a database network. Standardization refers to the data being collected and recorded in the same format in all medical institutions to facilitate quick sharing and interpretation of the data. Both interoperability and standardization are vital to ensure a robust and quality system of health delivery. One cannot be successful without the other; both of them go hand in hand to ensure efficiency in delivering quality healthcare services. The following points illustrate this intersection between interoperability and standardization on the Healthureum platform that would enhance the delivery of medical services: Better Data Handling Both interoperability and standardization as proposed under Healthureum involve processing of data. In the current healthcare system where medical institutions use customized EHR centralized database systems, data standardization let alone sharing is difficult to achieve. This is caused by the restrictive nature of centralized database systems where all the data is controlled from a single point and permission is needed by other users on this network to access and share the data. Healthureum proposes to use the blockchain technology which is a decentralized database system where no one central computer controls all the data. Instead, the data is accessible in real time by all the users on the network and the data has to go through a consensus for it to be changed. Data on the blockchain technology is secured using cryptography and hence is tamper-proof. These features of Healthureum enhance both interoperability and standardization by enabling data sharing and by allowing different medical institutions to collect and store data in a similar manner. This significantly improves the speed of access to medical services. Improved Data Security Interoperability and standardization have long faced the challenge of security. Research conducted by the World Health Organization (WHO) indicates that in 2015 alone, a staggering 112 million healthcare record data breaches occurred due to IT hacks. The risk of data security breach has forced medical institutions to be unwilling to share their data across the sector and to install different data recording practices. The government has also enforced strict laws about data sharing among medical institutions that have further hindered efforts to implement interoperability and standardization in the sector. Healthureum seeks to solve this through the use of its blockchain technology that ensures data security. The blockchain technology is secured using cryptography. The data in its database is recorded using timestamps for quick verification. Once the data is stored in blocks on the database, it cannot be altered as an attempt to change it would trigger an alarm throughout the network which makes it virtually impossible to tamper with. This enhanced security would improve both interoperability and standardization by encouraging medical institutions to engage in them within the Healthureum platform. This dramatically increases the efficiency of medical services delivery. Research Handling For research to be successful, it requires input from a lot of researchers and scientists both within and without the researching agency. This tends to be the case when it comes to verifying the accuracy of the data and the research findings. Data contributed towards the research also needs to be in a standardized format to facilitate the research. Healthureum can help to achieve this through the use of its blockchain technology to enhance both interoperability and standardization between research institutions to deliver better quality healthcare through attaining medical breakthroughs. The blockchain technology is tamper proof meaning the integrity of the data in the database can be guaranteed since records cannot be altered. Timestamps track the records and enable researchers and medical institutions to trace data and receive real-time updates on the progress of the research. This helps to encourage interoperability since accountability and accuracy of data is assured. This also encourages research institutions to streamline their data collection and data sharing methods to improve the speed at which research is conducted. Quality research leads to improved delivery of healthcare services with breakthroughs in discovering of treatment to diseases that have long been incurable. In Conclusion The intersection between interoperability and standardization is evident throughout Healthureum. This intersection plays a critical role in improving the efficiency of the delivery of medical services on the platform through various ways such as in improved research, data security, and collaboration. (adsbygoogle = window.adsbygoogle || []).push({});