Blockchain could be the great cost, time saver in healthcare

Healthcare organizations and providers are facing more pressures than ever, from regulatory strains to financial squeezes. Blockchain is one area that can act as a major time and cost saver for healthcare organizations, according to a recent report from JPMorgan Chase.

In particular, blockchain has the potential to speed up the process of how physicians are credentialed, according to the report. The process, which typically takes months, is also costly and involves sending a credentialing application of a clinician to several organizations for verification.

Already, some healthcare organizations have teamed up to form a blockchain network to improve the credentialing process.