Imagining Blockchain in Healthcare and Its Benefits in Patient Data Interoperability


Blockchain technology that took the data management and exchange especially in financial world by storm with immense success across various other industry verticals is all set to answer the looming questions of healthcare industry. Critical information is scattered across multiple systems in healthcare industry and may not be available when needed the most.
Blockchain can be used in maintaining master IDs of the patients as long as there is consensus on what the requirements should be. Once there is an agreement on the starting point for patient ID, a blockchain solution can be developed to meet those requirements which at the same time can be provided the flexibility to keep up with the pace of change.

Blockchain and machine learning
In healthcare industry, blockchain can be used to solve the issues related to patient-matching challenges. For this, a blockchain solution has to use machine learning to analyze and consolidate patient data from various systems including medical charts and electronic health records.
Accurately matching patient record with a master patient index is another challenge for healthcare industry.  As a distributed ledger, blockchain can be effectively used to keep track of all changes in a patient’s data. For this, all the systems that interact with a central blockchain database should provide correct universal patient ID whenever a change is made in the patient data. With a global patient ID that is recognized by all systems, blockchain can be leveraged for the interoperability of aggregate patient data.
Blockchain for master patient ID
Blockchain has the capability to solve the concerns related to data interoperability, accessibility, security and integrity of the healthcare providers. It can be applied to gain access to reliable, accurate and permissioned patient data and establishing master patient ID.
In near future, businesses in healthcare industry will soon be utilizing blockchain to balance the demand of speed, centralized control and proof of work. As the industry continues to innovate, new blockchain improvements such as Scaling and Proof of Stake to validate transactions hold tremendous potential for blockchain in healthcare industry.
Blockchain consultants for healthcare
Blockchain use cases vary a lot including electronic health records (HER), clinic trials and patient engagement.

Blockchain holds tremendous potential for healthcare and can be used for the chain of custody of clinical trials, care team integration, drug provenance and many other challenges. However, blockchain implementation requires certain level of expertise and skill. If you too are interested to tap on blockchain promise for your healthcare business, you need to approach a reputed blockchain consulting for healthcare, such as Group50.
Group50 is a well-established business consulting for small and medium sized enterprises. It offers its blockchain consulting solutions for a variety of industries including healthcare.
Group50’s blockchain consultantsfor healthcare have developed an integrated blockchain and IoT plug and play solution with the proprietary name of Scioebc-H, powered by Thinaer. The solution enables the healthcare providers to track complete patient journey, from admission to post discharge.
To know if you need a blockchain solution for your business or how can you benefit from its implementation, please contact Group50 at an early possibility.

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