How blockchain could help healthcare industry save millions

Fibo Quantum


Docwire News.

“The blockchain in healthcare market is going to be driven by the urgent need to improve interoperability and security of the healthcare information systems,” Pushplata Patel, an analyst at BIS Research, wrote.

Analysts estimated that the use of blockchain could save the healthcare industry up to $100 to $150 billion annually in costs related to data breaches, IT, operations, support functions and personnel.

Within the pharmaceutical industry, blockchain could help reduce the number of counterfeit drugs. Because blockchain systems are designed to be completely visible and transparent, prescriptions can be tracked precisely in the supply chain process.

To read more, click here.

More articles on health IT:
Brigham and Women’s launches preventive genomics clinic
5 trends shaping the future of digital health
Patient records at Connecticut health system potentially exposed in shipping mishap


© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.