Fierce Healthcare December 3, 2018
Blockchain, the secure digital distributed ledger system that powers Bitcoin, promises technological advancements that could serve patients, providers and insurers in ways that will improve quality and efficiency.
We all know the current healthcare system isn’t sustainable.
It’s too expensive, the fee-for-service model is challenged and our aging population demands quality. With healthcare expenditures approaching 20% of GDP—that’s trillions of dollars!—we can’t bear much more. Worse yet, it’s generally agreed that $500+ billion of this expense is unnecessary.
Everyone’s looking for a solution: a silver bullet that will transform the healthcare industry overnight; a mechanism that can end fragmentation, unlock and make meaningful patient data housed in “silos,” often traditional databases, while cutting costs and improving quality.
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