MedCity News June 1, 2023
A new decentralized network of the future exists and is in operation today. Large payers and providers are already beginning to use it for administrative transactions, although clinical transactions are also envisioned.
The ability to share data seamlessly has eluded the healthcare industry much longer than other industries. Today, we can go to practically any bank anywhere in the world and check our balance and even withdraw money globally in local currencies against our US Dollar balances. We can use an app on our phones to send money to someone who banks at a different institution. We can call anyone around the world, regardless of which phone company they use. Why have so many industries achieved interoperability while healthcare hasn’t?
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