Blockchain in Healthcare: Decentralized Computing Changing the Industry

This report provides a comprehensive outlook and analysis of blockchain technologies used to improve the healthcare industry. It explores different scenarios, solutions and new approaches that could have a big impact on healthcare.

Blockchain in Healthcare

Blockchain is one of those buzzwords you can hardly miss in the media these days. Yes, it was propelled to the public imagination with the rise of Bitcoin and other cryptocurrencies, but the technology can have many other uses cases beyond moving money from one side of the planet to the other.

In fact, it is now in minds of many tech giants and even governments which can clearly see blockchain's power to transform how businesses operate by decentralizing business models, creating more efficient processes, and providing a more secure and reliable way to exchange data.

The healthcare industry is one of the sectors where blockchain can really prove its worth. For one thing, it can reduce the liability and accuracy concerns related to the exchange of medical data, while providing cryptographic security to protect patient identity "out of the box." Eventually, every patient will have its own "data wallet" to store and manage his/her medical records, and provide third parties with access to that data when needed.

Beyond health records, the technology could also be used to automate many administrative tasks in healthcare, thus removing human errors in areas such as payment processing and claim adjudication, which in turn could lead to improved accuracy and reduced costs.

Another use case for blockchain is in supply chain management, where a decentralized network could help medical suppliers and pharmaceutical companies better track how their products are moving from the production facilities around the world to a local pharmacy and to the patient.

This research looks at some of the use cases for blockchain in the healthcare space. As the possibilities of and interest in the technology grow, more companies will be jumping on the bandwagon, creating even better solutions some of which are unimaginable today.

Who should buy this report?

Pharma

You probably already know Big Pharma is investing millions in digital health technologies. After all, it is easier and more affordable to launch a digital therapeutic than develop a brand new drug with all the lab work and trials, let alone regulatory requirements, that come included with a brand new drug launch.

Payors

Digital health apps and services provide insurance companies and other payors with tools they could offer to their customers so they could lead healthier lives. As a result, payors get to save money and offer better, more personalized services - i.e. the more you walk every day, the lower premium you end up paying. Ultimately, such incentives also lead to better outcomes.

Software Developers

The growth of digital health saw many non-traditional players entering the space - software developers being one of them. They see there's money to be made by helping doctors and hospitals digitize their businesses while providing patients with that much better services. This help software developers find their niches in the market and even potential partners.

Job Seekers

Digital health is the industry every job seeker should try to break into. It is growing fast, offering huge opportunities for everyone looking for a great career. The best part is that you don't have to be a software developer - there are job openings across the board, including in marketing, sales, social media, PR, admin, and more.

The report will help other parties, including (but not limited to):

• Investors in (digital) healthcare or those looking to enter the space
• Contract Research Organizations (CROs)
• Healthcare business analysts
• Savvy physicians looking to familiarize themselves with modern technologies
• Government-employed healthcare professionals
• The NGO sector involved in the healthcare space
• Anyone else looking to advance their career by being ahead of the curve