Blockchain In Healthcare: 7 Possible Use Cases 

Tuesday 22nd Mar 2022 |

One of the most pressing issues in the healthcare sector today is accurately handling and securely preserving massive amounts of personal patient information. Unfortunately, this information is currently stored in silos.  

Medical information about patients is held in various databases spanning hospitals, private clinics, and insurance organizations. This raises concerns about data security and poses impediments to information exchange. 

The healthcare industry’s biggest difficulty is still securely managing massive amounts of data.  Cybersecurity incidents involving healthcare practitioners continue to be reported all around the world.  If you are a Crypto trader on thebitqtapp.com/de, you may already know how these digital currencies impact Blockchain technology, and today, we are here to shed more light on them.  

Use Cases Of Blockchain Technology In Healthcare 

The blockchain is one of the most promising technologies for securing healthcare data. Blockchains are becoming a vital tool for healthcare, transforming the business worldwide by decentralizing patient health information, tracking drugs, and securing payments. 

1: Safe Data Sharing 

Both patients and healthcare providers benefit from a smooth flow of medical data.   To enable quick and convenient contact, patients can share PHI obtained by smart fitness devices or medical records from other institutions with clinicians.   Furthermore, experts value medical data since it may be used for reports, statistics, and studies, as well as to improve present treatment procedures and medicines.  We can safeguard the flow of data and come up with reliable and tamper-proof solutions by utilizing blockchains for such reasons.  

2: Clinical Trials 

Multiple parties stay involved in medical studies, including study participants, study sponsors, drug makers, medical device providers, clinicians, and researchers.  A successful medical study necessitates data interchange that is both quick and secure.  Because of their consensus procedures and decentralized structure, Blockchains lessen the danger of data fraud when used in clinical trial systems. A Proof of Existence mechanism, for example, can be used to secure trial documents. 

3: Patient Consent Management 

The current procedures for obtaining and managing patient consent are cumbersome.  Patients’ permits for data sharing and informed consent must be obtained, data and patient privacy must be protected, and numerous regulations must be followed. Patients can control access to their data and share their consent using Blockchain-based technologies for advanced consent management, but they can’t edit or delete specific medical information.  Data inconsistency, ambiguity, and fragmentation are all addressed by such solutions, which update information in real-time. 

4: Healthcare Setups 

The current procedures for obtaining and managing patient consent are cumbersome.  Patients’ permits for data sharing and informed consent must be obtained, data and patient privacy must be protected, and numerous regulations must be followed. Patients can control access to their data and share their consent using Blockchain-based technologies for advanced consent management, but they can’t edit or delete specific medical information.  Data inconsistency, ambiguity, and fragmentation are all addressed by such solutions, which update information in real-time. 

5: Supply Chain Management 

Medical medicine traceability can also help with supply chain management once it’s paired with Blockchain technology.  Pharmaceutical firms may be able to track their medicines from the source to the final user thanks to blockchain network interoperability.  For planning manufacturing processes and projecting demand for certain pharmaceuticals, some projects have already combined Blockchains with the Internet of Things (IoT) and artificial intelligence (AI). 

6: Electronic Health Records  

If you need to create an EHR system, blockchain can assist you in addressing data security, integrity, and administration concerns.  Blockchain-based applications enable patients and medical institutions to handle health data securely, govern access to it, and maintain its privacy thanks to their decentralization and cryptographic functions. Since EHR has been such a predominant force in healthcare technologies, pairing it with Blockchain will only make it more secure.  

7: Health Insurance And Payments 

The Blockchain, when implemented in insurance applications, can improve patient data management while lowering regulatory and compliance costs.   It can also help healthcare providers, insurance companies, and patients to have better interactions and safe payments.  Payment-related disputes frequently arise due to human error, late payments, and fraud involving stolen patient identities.  By immediately reporting underpayments, decreasing disputed claims, avoiding human errors, the Blockchain’s security features promise to improve transactions in the healthcare industry. 

Final Takeaway 

Blockchain technology’s data openness can assist in resolving the issue of various intermediaries during the lifecycle of a health insurance policy.  The blockchain, as a decentralized technology, promises to secure the incorruptibility and transparency of protected health data (PHI).  Patients, doctors, and healthcare providers may share information swiftly and securely via a blockchain. So, if you need more information on them, ping us below. 

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