The current healthcare provider and insurance networks are at the mercy of regulations that vary by state, country, and international law. You can check websites like ethereumprofit.org if you want a dedicated account manager for your bitcoin trading venture. The platform has features like high compatibility with all devices, a massive range of trading tools and many more.
The Centers for Medicare & Medicaid Services (CMS) do their best to provide coverage for Americans in every state through a single type of plan. However, some plans have inconsistencies in coverage or make it shameful to enrol based on pre-existing conditions or age.
The Ethereum blockchain ledger offers universal healthcare records that users can verify using their credentials. It eliminates the need for a false person when dealing with various providers because people with facts rather than assumptions can easily replace them.
It is a secure end-to-end system that has been gaining popularity with private sector developers due to its ease of use, privacy, and data security. It can be utilized for various purposes, including medical records, insurance verification, or a secure ledger of an individual’s health records. This technology is only one step away from being adopted by the global healthcare industry. Let’s explore what use-case ethereum has in the healthcare industry.
Incentivizing patients and doctors:
The user can utilize the Ethereum blockchain ledger to incentivize patients and doctors to complete their duties. It is achieved by having a reward program that rewards doctors for promptly completing their patients’ medical records.
In essence, this will create much more loyalty and faith within the medical industry because people realize that their doctor is working towards their best interest rather than using trickery to take advantage of them. Furthermore, since no intermediaries are involved when performing specific tasks within the ethereum ledger, there are no fees involved in this system.
Data security in clinical trials:
The ethereum ledger can be utilized by people to store clinical trial data. It will incentivize medical researchers to share their research data with the ethereum network and vice versa. In addition, it will allow for more secure clinical trials by preventing data falsification, ensuring that all clinical trials are secure and that your personal information is not publicly disclosed.
Patient consent management:
Users can use the Ethereum blockchain ledger for patient consent management. It is achieved by giving patients the ability to store their healthcare records on the ethereum blockchain ledger and to determine who has access to those records. Patients can provide access to doctors, hospitals, and family members who could use the record in an emergency situation.
In addition, patients can share that information with third-party entities if they so desire. Finally, since data is immutably stored on the blockchain public ledger, it prevents tampering or revision of personal healthcare records.
Medical research grants:
People can use the Ethereum blockchain ledger for crowdfunding medical research grants. It is achieved by allowing anyone to donate to a cause, and in return, they receive a % of the funding generated by other donors on top of their initial donation.
For example, say you donated $100 towards a medical research project. The ethereum ledger will reward you with $150 worth of tokens for sharing your personal information and donating $100 towards the medical research project. People can also use the Ethereum blockchain ledger for storing ophthalmological records. Ophthalmology is a medical practice specializing in treating conditions related to the eye.
Secure management of electronic health records (EHRs):
The user can use the Ethereum blockchain ledger to secure electronic health records management. It is achieved by providing EHRs to physicians so that they and their patients can have access to a digital version of their medical records and share that data with third-party entities if they choose to.
By using the ethereum network, an EHR can be created so that no intermediaries are involved in accessing the medical records related to an individual. They can also share their record with whomever they choose without fearing being altered or lost.
Patient ID management:
The Ethereum blockchain ledger enables patient ID management so that a single individual cannot have multiple IDs or associated accounts. In addition, it ensures a secure system because anyone can easily verify the identity of individuals.
In addition, they cannot provide false information regarding their identity because the ethereum ledger will reject the transaction due to the invalid ID.
Drug verification using the Ethereum blockchain ledger:
The ethereum blockchain ledger can be used by people to provide accurate drug verification within pharmaceutical companies. It is achieved by allowing physicians to verify that they are prescribing drugs manufactured in a safe environment and do not contain any traces of harmful chemicals and other materials that could harm or kill a patient.
In addition, the ethereum blockchain ledger can be used by users to track the drug from its origin to its destination so that there is no chance of a drug being tampered with or lost within transit. The Ethereum blockchain ledger minimizes the risk of receiving counterfeit drugs from unknown sources because anyone can verify whether it is a good source.
