Blockchain for Patient Empowerment
In the healthcare industry, people have to spend excess time and amount to access their health report. Personal Health Record (PHR) tools have been designed to comfort the patients in health record access. The software tools have the collection of an individual’s health including DOB, allergies, medications, chronic health problems, and family history. As an extension, patients have started using Electronic Healthcare Record. The EHR provides the necessary information to improve the patient’s health. Compared to the regular report access, the EHR has eased the process and thereby reduced the amount spent.
Though EHR has many benefits for the patients, it fails to handle complexities including multi operability of health information. Due to the life events, the patients update health information to different healthcare providers. Due to system software and operation process, accessing all the healthcare information together takes more time. In order to bring in solution for the accessibility of healthcare information, blockchain has been introduced in the healthcare industry.
Using the blockchain network, accessing patient information from health information exchanges (HIE) has become more comfortable. The patients can fetch their medical information anywhere just by entering into the network with their specific credentials. Experts in healthcare industry also support blockchain technology due to the secure information access. Patients get additional benefits while using blockchain technology and can gain control of their health record.
Using distributed ledger technologies, the patients can choose their healthcare provider and pay the bills transparently. DLT provides high data security and interoperability, thereby connecting healthcare providers, patients toward clinical trials, remote monitoring, and medical records. They can limit or hide their health report from specific healthcare providers using platforms like R3 Corda and Hyperledger Fabric. Hyperledger Fabric is popular among the developers as it provides high scalability and flexibility to the patients. The world’s largest financial institutions have implemented R3 Corda with strict privacy options. It helps in recording and managing the health records of the patients. It automates legal agreements with the business partners.
The blockchain is the catalyst that promotes accessibility and security in the healthcare industry. Before implementing the blockchain technology, it is essential to understand the system’s functionality. Making the existing platforms compatible with the blockchain technology is also necessary.
Check out: Connected Healthcare Companies