The healthcare sector faces several difficulties, including ID and verification of health records, patient data transfer, and forgery of clinical data. While distributed ledger technologies, like blockchain won’t solve them, they can help alleviate several key pain points in everyday business operations. Various way like using qr code security, blockchain technology have tried to solve the cracked spot
How can ProofEasy help?
Improving the legibility and security of Medical Prescriptions
Securing Lab Reports
Interoperability issues leading to difficulties in secure data exchange & management
Interoperability difficulties across various medical information systems have long upset payers and providers and nearly all stakeholders in the health system by challenging exchanging clinical and claims data in an increasingly value-based environment. As a result, seeing and sharing patient data while keeping a complete and up-to-date record of a particular patient's diagnosis, medicines, and treatments is extremely difficult for the payers and providers. Further, provider groups frequently manage referrals through time-consuming manual processes using a combination of paper, phone, and email contacts, making data sharing problematic and susceptible to forgery. This assortment of information can lead to mistakes and other undesirable consequences, such as delayed care, unplanned visits, redundant and costly testing, and dissatisfied physicians and employees.
Issues in Data Verification
Although everything has moved online, data verification is still a huge issue for the Healthcare industry. Verification of health records and patient data is a must for not only the patients or the hospitals but other related parties, like the insurance companies as well. But not only is this process tedious, it is also difficult to thoroughly manage and authenticate a huge pile of records- online or offline. The records and data are susceptible to forgery and duplication, and usually leads to data loss, theft, exposure, and unwarranted disclosure of health records. As per the NCBI report (2020), from 2015 to 2019, there were 1587 data breach incidents only in the healthcare industry. Further, according to HIPPA Journal, 3,705 healthcare data breaches involving 500 or more records were recorded between 2009 and 2020.
Management of data for various stakeholders
All the participants with permission in the care delivery process can continue to use their information systems while exchanging patient records, thanks to blockchain. Blockchain creates an unchangeable single source of truth (a shared ledger). This single-source acts as a master record for all transactions, containing information on each transaction that has occurred. Consider each transaction to be a modification to a patient record that requires real-time data sharing between several parties. Lack of communication can cause many referral issues, and automating the referral process can solve such matters.
Blockchain is a great way to automate referrals since it allows for safe, real-time data transmission between parties, which reduces the chances of mistakes, inconsistencies, and missed connections. Each essential actor in the referral process (providers, personnel, payers, and members of the care team) has real-time information in a blockchain scenario. Blockchain in healthcare helps in easy and quick sharing of data.
An industry where time is truly priceless, time saving mechanisms, like easy QR code generation and swift sharing can prove to be an asset. Furthermore, because provider groups have a better understanding of referrals in real-time, they can decrease network leakage.
Increase the efficiency within the system
Blockchain, provides a solution to the challenges of delayed payments, refused claims, and patient data sharing. The blockchain has the potential to speed up the payment process between insurers and providers. Putting housing codes on the distributed ledger might reduce the mistakes in medical billing. Giving insurers the capacity to offer clear and accurate cost data upfront makes billing more automated. Both the patient and insurer can access the data in a safe environment, regarding the care taken and the payment process.
Further, one of the most significant features of blockchain is that it allows for safe communication between several parties. Based on the distributed ledger database of blockchain may remove the need for faxes, phone calls, or manual data searches, with modifications recorded and visible to all parties. In the healthcare industry, insurers may save their updated billing codes on the blockchain, removing the need for back-and-forth communication between providers and insurers.
Furthermore, blockchain's distributed ledger technology reduces the need for maintaining and recording the data on paper. This makes organization of data easy and also helps the Healthcare industry in following government regulations.
Patients may keep their medical information in a distributed ledger and provide access to doctors and insurers, allowing access only to authorized users. The blockchain eliminates the need for manual operations and paper-based communication and enhances data security.
The Blockchain Security provided by ProofEasy has several benefits, including a decentralized design and a transparent and irreversible structure, which might be helpful in the Healthcare industry. The Healthcare sector is known for its significant investments and expenditure, inefficient operations, and troublesome laws worldwide. By regulating stakeholder communication and driving new digital business models and health initiatives, ProofEasy helps us solve these challenges. ProofEasy simplifies exchanging healthcare data and contributes to the solution of the healthcare industry's interoperability challenge. ProofEasy is essential for data protection, and makes data sharing easier and data forgery impossible, lending undeniable support and protection to the Healthcare Industry.