Growing organizations demand the need to bring revolutionary changes to all aspects of their business as technology and time advance. When it comes to the healthcare industry, the speed of growth is increasing to higher levels. Today, the healthcare industry needs to be backed up with the latest technologies. The environment of a healthcare system is going towards a more patient-centric approach.

Current Healthcare System

Many healthcare organizations still depend on outdated systems to maintain patient health records. Such outdated software keeps the patient medical data in local records that can make diagnosis complicated time-consuming and complicated for the doctor.

From the patient’s personal information to diagnostic reports, and doctor’s prescriptions, healthcare organizations, currently use the centralized database for saving data.

As the data is stored at a single centralized location, it leads to problems, including Identity thefts, spamming and financial data crimes. Due to data theft and spamming, the patient’s data can be misused for many reasons as they don’t have control over their data.

2017 Ponemon Cost of Data Breach Study says that the cost of data breaches for healthcare organizations is estimated to be $380 per record.

Health Information Exchange is another time-consuming and complicated process that leads to high healthcare cost.

According to 2016 Breach Barometer Report, 450 breach incidents occurred but the information was only available for 380 breach incidents and, the breaches resulted in 27,314,647 affected patient records. Could decentralization solve the data security issues in healthcare? Is it possible to save data securely on the blockchain healthcare?

Entering the Healthcare Blockchain Solution

IBM’s Institute for Business Value Blockchain interviewed 200 healthcare executives and found 16% of them are willing to deploy a commercial blockchain solution.

Blockchain will have a considerable impact on a patient’s record sharing, billing, and medical research.

Read further to understand how a blockchain healthcare solution can be built to improve the management of the patient’s health record.

Here is a demo application showcasing how a user can access medical health record from a mobile app.