Bitprotos: Blockchain In Healthcare Industry

Blockchain Solution In Healthcare

In the new normal, building and maintaining trust, data accessibility, traceability, and security is an ongoing challenge for businesses everywhere, especially if they still depend on old, obsolete, and conventional offline technologies to do it all.

To rescue the healthcare industry from such challenges. Blockchain came into play. It is a truly democratic framework that significantly impacts security, efficiency, and productivity. Be it supply chain transparency and process compliance, data integrity while sharing patient records, or the incorruptible recording of transactions. The potential of blockchain is unquestionable.

According to a statistical record, Blockchain in the healthcare industry is gaining tremendous traction. Nearly 40 percent of health executives consider blockchain as a main priority because the adoption of blockchain technology could save the healthcare business up to $100-$150 billion per year by 2025. We at Bitprotos, Develop blockchain-based healthcare applications to transform medical services, including supply chain, clinical trials, EHR management, and more.

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Use Cases For Blockchain In Healthcare

Blockchain technology can help the overall healthcare industry improve performance, tracking, patient data transparency, accountability, and reduce costs

Supply Chain Transparency

Blockchain enables healthcare businesses across the drug supply chain to verify the authenticity of drugs, as well as expiry dates and other vital data.

Patient-centric Health Records

Medical records that are stored in blockchain enable patients to see their medical records whenever it is updated, thus creating a better experience for patients and healthcare providers.

Automated Insurance Settlements

With the integration of smart contracts, the insurance settlements are automatic and completed without human interaction, thus saving both beneficiaries and insurers time and redundant expenditures.

Medical Data Verification System

Blockchain creates a more efficient and interoperable infrastructure to manage data that improves healthcare outcomes while maintaining patient data ownership and without compromising the privacy of sensitive data.

Secure Remote Monitoring Solutions

Blockchain ensures that only permitted parties can gain access to patients' information, providing healthcare practitioners more visibility and securing them from data tampering.

Global Medical Data Access

Blockchain offers global medical data access to patients, including compatibility with their previous medical records, organ donations, possible drug interactions, blood banks, and more.

Benefits of blockchain in healthcare

Cost efficiency

Since consensus mechanisms create trust through transparency, the transaction fee attained by mediators is removed.

Business process speed

The integration of smart contracts automates the process, reducing the time, and no longer requires manual oversight.

Confidentiality

Blockchain allows collaboration between multiple healthcare organizations can occur without sharing sensitive information

Difficult to tamper with

With the implementation of Blockchain, the need for central administration would be eliminated and allow stakeholders to take control over all the information.

Drug traceability

The traceability of drugs in the supply chain is very much accessible and possible through Blockchain as it eliminates the circulation of fake medicines.

Instant settlements

With Blockchain, patients and medical institutions can instantly claim insurance and other settlements.

Business Opportunities In the healthcare Industry

Blockchain holds great potential in the medical sphere by facilitating an effective and reliable way to boost up your business revenue model

Global Access To Medical Registry

Blockchain provides global access to medical or organ registries for businesses and individuals. Donors can apply for organ or blood donations in a blockchain-based application which can be further used by the network people in case of emergency

Consultation Automation

With a blockchain-based application, your clients can consult and fix an appointment with any medical practitioner globally, Thus eradicating middleman costs, saving time, and increasing the application's user base.

Securing Drug Trial Data

Since Blockchain records cannot be entered without validation, they provide details of a clinical trial and find potential patients for drug trials with improved accuracy and reliability

Quick Claims Adjudication

Blockchain offers the hope of drastically cutting down processing times, paperwork, and manual work to help insurers and medical providers track and verify medical information globally.

What can we do for your business deliverables?

Documentation & MVP

Initially, we brainstorm with the client's requirements and begin to evaluate, formulate, decide what should be added as on-chain and off-chain, and design a conceptual workflow and blockchain model of the application. Once we receive feedback from every stakeholder, we come up with a prototype containing information architecture, sketches, mockups, designs, and tested products.

Admin Console

The UI and admin panel of your application is developed. This is achieved by using a front-end programming language, an external database, and designated app servers. We deliver both user-end admin panel and client-end admin panel for accessing users' data. After soft-launching the application using the console, you can connect it with analytics.

Smart Contract Integration

Smart contract represents the next steps in the progression of blockchain-based healthcare application. These contracts run on blockchain technology that auto-execute all the healthcare processes, claims, without the need for a third-party intermediary.

DApp

When it comes to DApp development, we bring out the best solution. From mobile technology to frameworks, coding to testing, and launching an app, we consider many things to develop a blockchain-based healthcare application. We customized the app as per our client's needs and deliver a smooth user interface with industry-grade encryption and security protocols that will result in long-term success.

Crypto Payment Gateway

With the crypto market maturing, insurance companies in the U.S. and other countries have started allowing policyholders to pay premiums in cryptos. To enable this Crypto payment gateway is necessary. It provides the ability to use it as a private and secure online transaction. Also, we are excelled in integrating any type of gateway as per our client requirements.

Support & Maintenance

Our experts provide blockchain application maintenance and support round-the-clock to enhance mission-critical systems' performance, scalability, and portability by using methodologies to keep your fintech application running and driving revenue.