Information technology helps healthcare organizations in providing better services to patients and making better decisions. Some of the technologies like e-prescriptions, electronic transactions, and electronic medical records help in increasing the business functionality, removes data ambiguities, reduces the time of staff and physicians and enhances the relationship between the organization and patients. IT provides the ability to measure and monitor patients’ health and provides better analytics to physicians.
2. USE CASES IN: HEALTHCARE
https://www.ifourtechnolab.com/healthcare-custom-software-development
3. Blockchain in Healthcare
Global Blockchain in the healthcare market is expected to grow at a CAGR of 63.85% from 2018 to 2025
IBM and Ponemon found that healthcare data breach costs average $380 per record, more than 2.5 times the global
average across industries
Blockchain can help reduce the number of attacks on users’ data
USE CASES IN: HEALTHCARE
BIS Research, up to $100 billion can be saved per year by 2025 in data breach-related costs
Verifiable identity and authentication of all participants
https://www.ifourtechnolab.com/healthcare-custom-software-development
4. Blockchain in Healthcare
Global Blockchain in the healthcare market is expected to grow at a CAGR of 63.85% from 2018 to 2025
IBM and Ponemon found that healthcare data breach costs average $380 per record, more than 2.5 times the global
average across industries
Blockchain can help reduce the number of attacks on users’ data
USE CASES IN: HEALTHCARE
BIS Research, up to $100 billion can be saved per year by 2025 in data breach-related costs
Verifiable identity and authentication of all participants
Identity thefts, spamming and financial data crimes, and the patient's data misuse
Consistent representation to access electronic health information
Billing and Claims Management of medical claims related to patient diagnoses, treatments
Global annual health spending is expected to have ballooned to over $8.734 trillion by 2020
https://www.ifourtechnolab.com/healthcare-custom-software-development
5. Leveraging the technology to create a secure and unified peer-to-peer (distributed) database
USE CASES IN: HEALTHCARE
Benefits:
The distributed system allows for data exchange with higher levels of security
Cutting down on the administrative costs that the current system imposes
Less vulnerable to technical failures and external attacks
Blockchain Security networks can be particularly useful for hospitals
Initiatives:
Medical Chain – Users grant doctors immediate access to their health record via their mobile devices while data is kept secure on the
blockchain
Use Case 1: Clinical Health Data Exchange and Interoperability
https://www.ifourtechnolab.com/healthcare-custom-software-development
6. Leveraging the technology to create a secure and unified peer-to-peer (distributed) database
USE CASES IN: HEALTHCARE
Benefits:
The distributed system allows for data exchange with higher levels of security
Cutting down on the administrative costs that the current system imposes
Less vulnerable to technical failures and external attacks
Blockchain Security networks can be particularly useful for hospitals
Initiatives:
Medical Chain – Users grant doctors immediate access to their health record via their mobile devices while data is kept secure on the
blockchain
Use Case 1: Clinical Health Data Exchange and Interoperability
Lowers Administrative costs and eliminates the traditional claims clearing house and reconciliation layers
Benefits:
Compresses cash flow cycles, and reduces revenue loss
Makes claims processing and secure payment transactions work more efficiently and cost-effectively
Ability to push suspect claims through the reimbursement process is diminished
Identify suspect claims or payment requests
Initiatives:
Change Healthcare - Manage claims, remittances, improve collections, minimize denials and underpayments, manage daily revenue cycles operations
effectively
Use Case 2: Claims Adjudication and Billing Management
https://www.ifourtechnolab.com/healthcare-custom-software-development
7. USE CASES IN: HEALTHCARE
Lowers Administrative costs and eliminates the traditional claims clearing house and reconciliation layers
Benefits:
Compresses cash flow cycles, and reduces revenue loss
Makes claims processing and secure payment transactions work more efficiently and cost-effectively
Ability to push suspect claims through the reimbursement process is diminished
Identify suspect claims or payment requests
Initiatives:
Change Healthcare - Manage claims, remittances, improve collections, minimize denials and underpayments, manage daily revenue cycles a
Use Case 2: Claims Adjudication and Billing ManagementUse Case 3: Drug Supply Chain Management and Provenance
Enhancing SCM with digital tools, predictive analytics, and more accurate tracking techniques
Benefits:
Just-in-time” delivery of products by integrating with hospital information system
Private Blockchain’s and inter-enterprise networks for improved security and visibility
All transactions between supply chain partners are accurately recorded and easily shared
Reduce waste and fraud of order consumable supplies, including high-value medications and addictive opioids
Create a reliable and tamper-proof audit trail for products as they move through the healthcare environment
Initiatives:
Ambrosus - currently in talks with large pharmaceutical suppliers in relation to launching a pilot program utilizing their current products
https://www.ifourtechnolab.com/healthcare-custom-software-development
8. USE CASES IN: HEALTHCARE
Use Case 3: Drug Supply Chain Management and Provenance
Enhancing SCM with digital tools, predictive analytics, and more accurate tracking techniques
Benefits:
Just-in-time” delivery of products by integrating with hospital information system
Private Blockchain’s and inter-enterprise networks for improved security and visibility
All transactions between supply chain partners are accurately recorded and easily shared
Reduce waste and fraud of order consumable supplies, including high-value medications and ad
Create a reliable and tamper-proof audit trail for products as they move through the healthcare environment
Initiatives:
Ambrosus - currently in talks with large pharmaceutical suppliers in relation to launching a pilot program utilizing their current products
Use Case 4: Cyber Security and Healthcare IoT
Increases the security of medical information through the Decentralized Ledger Technology (DLT)
Benefits:
Unique identifiers for medical devices and assets
Secured and selective access to patient-generated health data
Smart medical asset management
Remote and autonomous diagnosis
Initiatives:
Taipei Medical University Hospital & DTCO - Released phrOS to increase transparency between medical institutions by putting all of a
patient’s medical information on a blockchain
https://www.ifourtechnolab.com/healthcare-custom-software-development
9. USE CASES IN: HEALTHCARE
Use Case 4: Cyber Security and Healthcare IoT
Increases the security of medical information through the Decentralized Ledger Technology (DLT)
Benefits:
Unique identifiers for medical devices and assets
Secured and selective access to patient-generated health data
Smart medical asset management
Remote and autonomous diagnosis
Initiatives:
Taipei Medical University Hospital & DTCO - Released phrOS to increase transparency between medical institutions by putting all of a
patient’s medical information on a blockchain
Use Case 5: Clinical Trials & Population Health Research
Medical data on Blockchain could be used by trial recruiters to identify patients who could benefit from the drugs being tested
Benefits:
Promote research commons and remunerative models
Managing IP/R&D assets transactions
Clinical trial data integrity & provenance
Faster Regulatory compliance & approvals
Initiatives:
Ambrosus - Abundance of blockchain systems currently available, however the company is trying to adapt them to the Pharma Industry
https://www.ifourtechnolab.com/healthcare-custom-software-development
10. What we offer?
Custom Blockchain mobile and software
Blockchain Consulting
Cryptocurrency (ICO)
USE CASES IN: HEALTHCARE
https://www.ifourtechnolab.com/healthcare-custom-software-development
11. What we offer?
Custom Blockchain mobile and
Blockchain Consulting
Cryptocurrency (ICO)
DApp Development
Hyperledger Service
Smart Contract Development
USE CASES IN: HEALTHCARE
https://www.ifourtechnolab.com/healthcare-custom-software-development