Lexology July 17, 2018
Blockchain continues its buzz in healthcare for its potential to revolutionize patient records, medical data, medical billing, and wearable device use. Healthcare stakeholders may consider using this technology to advance existing business models alongside emerging regulatory agendas.
While blockchain first evolved in its applications for financial services, diverse sectors are leaning in to better understand and apply blockchain’s capabilities. In healthcare, stakeholders across the industry, including providers, insurers, and payers, are exploring applications of blockchain to their current systems. The use of blockchain in healthcare presents both opportunities and challenges. For example, the recent CMS Interoperability Agenda may provide potential incentives for the use of this novel technology for healthcare data sharing. On the other hand, the use of blockchain...
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