Blockchain technology is said to be potential enough to change the entire system of the Health Information Exchanges or HIE in the most efficient, inter-operable and secured way. Other than being used in financial organizations for maintenance of the client’s records, this whole technology can also be implemented in the healthcare world. The technology offers a new version of HIE model, which in turn enables the disintermediation and also allows the real time updates across the network for several parties. The systems based on Blockchain have the reputation to reduce or take out the cost and friction of the ongoing intermediaries as reported by Deloitte. This report published about several practical uses of the technology which, when implanted by the healthcare organizations, could have a positive impact. It can establish a premium electronic health records.
The working of the Blockchain technology
Blockchain is an open to all system of a database. Unlike the conventional databases, Blockchain is fully decentralized. Data and information are handled with a consent of the participants through a networkwhich works under an umbrella. Each of the participants maintains identical copies of transactions. As a digitized database, the Blockchain system is considered as a secured, temper proof and also a scalable alternative to the existing databases.
The records that are kept in the Blockchain database are secured, cannot be manipulated and easy to access for vital works like audit with proper public and private keys. The system is streamlined, effective. The cost of the transferring of the medical records that are between institutions, compliance costs can get reduced. The process is common to the financial fields too.
The advantages of the Blockchain technology
The elements of clinical data sharing like allergies, directives, genetic studies, imaging studies, problem lists and reports of the pathological tests, all these fields can be benefitted by the implementation of this technology.
The patient can also be given his or her specific key to access his or her health reports. Similarly, in a case of the financial firms, the records of the client can also be recorded in the most secured way possible.
The current scenario of the Blockchain enabled systems
It is obvious that for a healthcare firm, the information of the patients and also their medical records are crucial for them to maintain. The healthcare firms like pharmacists, hospitals, health insurance firms, general insurance firms etc. need to maintain these records for their work reference.
In the current scenario, the record systems of the healthcare are based on the disconnected database. Since the medical history is in pieces, it prevents the doctors as well as the patients to build a complete structure of the records. It also enables the financial clients to access their updated records.
What the experts say…
Several experts of the industry have sung a song of hope for the Blockchain system as the digitized system of keeping records which will solve the inadequate and inherent complexities in the Blockchain healthcare services.
The records are spread among the several providers as well as different facilities of the incompatible databases; even, the databases are filled with private records of the patients and the financial clients which are vulnerable to the fraudulent attempts and breaches of the security. The database is also made with data retrievable features so that when any mishap occurs, one can easily get back the lost records and preserve them further.