The modern health care industry has made progress when it comes to efficient processing times of a patient’s medical records that are now in the form of electronic health records (EHRs). The industry is powered by the governance of health information exchange systems where a patient’s health information is stored, managed and shared between medical parties. In keeping the process afloat, its supporting system of administration back-office work consisting of medical transcription, billing and processing of patient outcomes are the inherent cost that hospitals and medical institutions must shoulder in order to maintain the current health governance systems, which are found too essential, and firmly planted within the organization.
The concept of Electronic Health Records (EHR) and its application has been employed since the early days of the modern computer. From Lockheed’s pioneering Clinical Information System to the Decentralized Hospital Computer Program (DHCP) employed by the federal government and the mandated necessity for compliance to the Health Information Technology for Economic and Clinical Health Act (HITECH) in 2004, EHR’s growth stemmed from information age where the medical industry needed to catch up with the times.
Bacolod City, Negros Occidental May 24, 2018 – The future of healthcare is changing because of the rapid development of disruptive technologies such as Artificial Intelligence, Blockchain and the Internet of Things. With these emerging technologies, the future of healthcare for physicians, doctors and hospitals is changing as well. Healthcare providers must align their future operations with these changes in order to embed the benefits of these disruptive technologies.
Blockchain features deep cryptography and irrevocable transactions as its main proponents for security. Like all architecture, the discovery of vulnerabilities is a step in the positive direction in order to further strengthen Blockchain’s security and overall reliability.
Innovative technologies such as Blockchain and IoT are converging as both platforms are both enablers of automation and autonomy. When we combine the purpose of Blockchain and IoT into a vital industry such as healthcare, we enter a very promising future.
The current state of Electronic Health Records (EHR) information systems in the United States is due for disruption because of the emergence of Blockchain as it is looming to overhaul EHR’s processing capabilities, therefore granting vital health information to be delivered in real-time, with improved accuracy, and are more secured as well as tamper-proof. This is the promise of Blockchain for Healthcare and Health Information Management.
Blockchain in Healthcare can further its reach when clinics and individual health providers if they utilize their strength in terms of research, to start a blockchain project.
The future of Healthcare when it comes to embedded technology as a platform involves Blockchain and its benefits.
The future of healthcare and Blockchain is bound for bountiful growth as the latest CSNewswire reported that Blockchain technology in the healthcare market is projected to grow at a CAGR of 72.8%.
How close is the Blockchain disruption on Healthcare? According to a new research published by researches in the universities of Scotland, the UK, and the US, Blockchain in healthcare is closer than we think.
In countries such as India, the challenge for healthcare in terms of servicing a growing population is hard-pressed to scale. This is where Blockchain is being eyed to augment reforms and enable better processes.
Healthcare is constantly being reshaped by technology. It is a development that is at times almost invisible and only do we come to realize and appreciate such transformation when changed has made it way to mass application or by being utilized as a universal platform. This is the same for Blockchain. It is a nascent technology that permeates from clinical trials to use cases and is subject for mass application when major players and smaller entities have brought it to good use.
