DOTmed December 15, 2020
According to a 2018 Bisresearch study, implementation of blockchain in the healthcare industry could result in savings up to $100 billion annually by 2025. Blockchain technology can prevent data breaches, reduce the number of redundant treatments, improve research, and accelerate treatment development through greater accessibility. Expansive adoption can achieve improved population health and predictive medicine, factoring in regional, hereditary and genomic influences. Since blockchain is considered immutable, data can only be added and not modified or deleted, greater accuracy and reliance can be attained.
Less administrative work related to claims, billing and supply chain promise a significant cost reduction to providers and reduced total cost of care to patients and payers. Patient data added to the ledger, can create one...
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