Stagnaro, Chet White Paper: Innovative Blockchain Uses in Health Care. Freed Associates.
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Abstract
Blockchain, the digital ledger technology that can securely maintain continuously growing lists of data records and transactions, has the power to potentially transform health care, according to industry experts. By simplifying and expediting the way the health care industry processes data in such areas as revenue cycle management, health data interoperability and supply chain validation, blockchain has the power to dramatically reduce back-office data input and maintenance costs and improve data accuracy and security. This white paper summarizes several use cases for employing blockchain technology in five key data-driven areas: 1. Longitudinal health care records – Can blockchain enable patient records to securely link and be accessible across non-affiliated provider organizations to improve care coordination? 2. Automated health claims adjudication – By using a “smart contract” structure, can blockchain help seamlessly adjudicate payers’ and patients’ provider payments for a more cost-efficient process? 3. Interoperability – Can blockchain overcome current patient data interoperability issues and gather the information needed to more effectively support population health initiatives for large health systems? 4. Online patient access – Will blockchain technology enable patients to more easily, effectively and securely gain access to their own medical records? 5. Supply chain management – Can blockchain enhance health care contract management and reduce costs by allowing such features as real-time contract tracking and execution? For the benefit of readers not yet fully familiar with the dimensions and potential of blockchain technology, this white paper initially defines blockchain and its applicability in business, particularly in financial services. We also briefly explain and illustrate how blockchain works. From the primary portion of this white paper – blockchain’s applicability in health care and considerations for its implementation – readers in the health care industry will come away with a much deeper understanding of blockchain’s potential for their organizations.
| Item Type: | Other |
|---|---|
| Subjects: | Main Topics > Blockchain Projects > BloSSom 2019 Main Topics > Economy Main Topics > Security |
| Divisions: | Computer Science |
| Depositing User: | Unnamed user with email richard.dabels@uni-rostock.de |
| Date Deposited: | 05 Sep 2019 16:33 |
| Last Modified: | 05 Sep 2019 16:33 |
| URI: | http://blossom.informatik.uni-rostock.de/id/eprint/81 |
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