Patient data, when used in the right way can decrease healthcare costs by reducing waste, improve patient quality of life, and ultimately save lives. Medicine adherence data in combination with patient data can go a step further to improve patient experience and satisfaction, increase medicine safety and usability. Improving data quality and analysis can be effective in areas such as predictive medicine, patient relationship management, management of healthcare and measuring the effectiveness of certain treatments.
SimplyVital Health, a Boston-based blockchain healthcare company building the HIPAA-compatible protocol Health Nexus, has joined with The Cool Kids, to bring SimplyVital’s open source Key Pair System to identify the highest healthcare impact opportunity in the Philippines.
The Cool Kids are a collective of consultants and entrepreneurs committed to improving lives by developing tools for responsible stewardship of emerging technologies. Among these tools is Health Nexus, an open source blockchain protocol that is adoptable by healthcare globally.
In 2010, Regina Holliday brought her husband, suffering from kidney cancer, to a hospital and begged the doctors and nurses for her husband’s medical records. Five days later, she still hadn’t received them. On the sixth day, the man was transferred to another hospital, and the doctors couldn’t give him pain medications because they didn’t know what drugs he already had in his body. For a seemingly endless six hours, the man suffered from severe pain. The woman had to return to the first hospital to pry the records out of them to allow her husband to receive proper treatment.
Blockchain technology’s immense potential, while well-documented, continues to get lost in the hype surrounding the increasing value of cryptocurrencies and the oft-astronomical raises of initial coin offerings (ICOs).
Though it has ushered in one the most disruptive technologies in decades, the distributed ledger movement remains in its infancy stage, relative to its potential application and scalability.
The healthcare sector, however, is one area where robust conversations about distributed technology applications are occurring at an accelerated pace. Now, a fast-moving startup firm known as TrustedHealth is blazing a new path toward securely digitizing and decentralizing the way patients seek treatment for specific conditions.
As recently as a year ago, the groundbreaking effects that blockchain technology would have on nearly every industry were yet to be understood, let alone considered. The leading futurist of 2016, Alec Ross, wrote in his best-selling book, The Industries of the Future, that the next ten to twenty years would be marked by three key innovations: Coding (computer and genetic), AI (and neural networks), and the blockchain. Now, with 2017 coming to a close it seems clear to many – the blockchain is chief among these things – and it is set to disrupt everything.
According to World Bank and World Health Organization, half of the world lacks access to essential health services and 100 million people are pushed into extreme poverty because of health expenses. It is often difficult to get access to healthcare while traveling abroad. It is always a difficult and tedious process to get an accurate patient history. Medical research takes a painfully long time to make it through the approval process and into actual practice in hospitals. The healthcare system as a whole is out of date in many regards. WELL, a HIPAA compliant virtual-care platform, came up with a solution built using blockchain technology.
Bitcoinist sat down with HealthHeart CEO Mark Rudnitsky to discuss how his company is revolutionizing the way Electronic Health Records (EHR) are kept. Through storing EHR on the blockchain, with a development focus on health care providers themselves, HealthHeart aims to help make patient records both secure and flexible enough to meet the demands of the cutting edge developments being made in holistic healthcare.
Healthcare Marketing – Seeing Is Believing?
A little-known fact is the potential Youtube offers to the healthcare industry regarding marketing future advancements. Whenever a new medical innovation is announced, the last place people would look for it is on Youtube. However, the platform is capable of captivating a global audience, and healthcare marketers are looking for new solutions to bring more attention to their field of expertise.
The future of financial services and products is directly linked to the advancements made in the field of technology. This is why sectors such as FinTech and Bitcoin are thriving right now, as they combine powerful technology with payment options to bring financial services to people all over the world. But what will be the biggest technology trends in 2016, and how can Bitcoin and FinTech companies use them to their advantage?