When considering the size and scope of healthcare and the number of companies that have data and need to be able to stitch that data together, blockchain is being seen as a solution to a more comprehensive view of patient records and medical dataNathan Eddy, Healthcare Finance News
Blockchain technology has the potential to revolutionize healthcare for insurers, providers and patients by elevating secure data access while eliminating current cost structures.DK Sinha, President, North America at Cognizant
Being at the forefront of using blockchain to improve health care data is how we provide better service to patients.Jennifer Ryon, Chief Revenue Officer at Prime Health Services
The Synaptic Health Alliance joins insurers with health systems, diagnostic and healthcare network service providers to ensure through new technologies that their provider data is accurate and sharable across the healthcare ecosystem, for improved access to care, reduced costs and lower administrative burdenWorld Economic Forum
The potential benefits of blockchain technology are staggering given the need to streamline how healthcare data is managed and to ensure security, in addition to the opportunity for collaboration across traditional industry and competitive boundaries. With the goal of improving member, provider, and payer experiences and removing healthcare system costs, we have identified many potential uses, including:
Blockchain is a secure, traceable and nearly instant way to synchronize information across multiple sources. What does this really mean? It means that information is shared and not just transferred. The result is a transparent database, where all members see the same information, and updates to the data are recorded and approved. The technology prevents human error, and more important, it protects against “bad actors” seeking to corrupt the system.