It is no surprise: the healthcare industry is pressured to regulate costs and provide quality care, while under regulatory scrutiny. Blockchain has the potential to address the challenge of patient data security across geographies, while curbing costs.
The healthcare industry is under extreme pressure to both regulate costs and to provide high quality to patients. As the industry evolves alongside emergent market- disruptive technologies, it becomes increasingly difficult for businesses to keep costs down while remaining competitive.
Blockchain has the potential to alleviate one of the major challenges of the industry: the transmission of patient data across geographies without compromising its privacy and security. This application of blockchain can have a major, positive impact on member health management and also provide a critical link in the support of medical tourism.
This paper discusses the evolution of blockchain technology and how its application can produce a breakthrough in the healthcare industry; more specifically, the benefits it can bring to case management and member health management.
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