Healthcare sector it is one of these sectors that has quickly adopted new technologies and has benefited, probably the maximum. Blockchain it is emerging as one of the revolutionary technologies and will surely also have an impact on the health sector. A recent PwC report laid the groundwork for the same by selecting some key areas to testify to the greatest impact in the health sector.
Validation of the medical supply chain and inventory
From manufacturers to retailers, all those in the medical supply chain would benefit from transaction monitoring offering blockchain. Every time a transaction carried out in the supply chain will be recorded and validated in the blockchain register. Since the blockchain register is open to view for all those who are part of it, it will simplify the transfer of data and will allow the recipients of the product to validate their provenance with greater certainty. Blockchain allows all stakeholders to "agree the story" that will ensure integrity of the supply chain against counterfeit and unsuitable drugs.
Optimize registration, payment and contract data
Currently, the payment, registration and contract process requires a lot of time and human effort to be realized. Health care must be fast and the blockchain has the ability to do it. A blockchain enabled system would allow both parties (provider and payer) to share and update data in real time; increase the speed of the overall process and reduce the implementation time in days instead of weeks or months.
Similar types of changes can be observed in back-office operations such as payments and contracts. Nowadays these processes are conducted manually, which is long and tiring. Blockchain enables the intelligent contract with encoded transactions stored on it. This real-time approach will facilitate auditing and reporting and will also prevent fraud and human error.
Aggregate and manage patient data
In health care the biggest problem is to aggregate and manage the patient because the data stored here are decentralized and at the same time huge, which makes it difficult to manage the same. Using Blockchain technology all data can be grouped together in the centralized system and can be distributed to entities according to their needs. This will allow data ownership by patients and the analysis of a larger and better volume of data leading to better predictive results.
Risk monitoring and compliance with improved regulations
Risk monitoring e regulatory compliance It is a constant torment in the health sector and providers are looking for better options to manage the same. Blockchain can emerge as a solution to the same data that keeps a record of every transaction made; it will allow companies to track product recalls, audits and tracking product distribution. Validation of the supply chain it will allow entities to easily and simply adapt to regulations and whenever reporting is required, the intelligent contractual logic could ensure that certain actions trigger the required reporting based on the data stored in the blockchain.
With the use and capabilities, blockchain technology can be very useful in the health sector, but it certainly can not change things from one day to another. At the beginning, each level and entity must accept the technology and understand the advantages it brings with it and therefore the only one can think of a better future of the health sector.
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