Our global healthcare system has been on a downward slope for many years – probably decades. This is an industry facing many challenges, including a global health crisis, shortages of beds and staff, and even outdated technology.
Many believe the industry to have reached a breaking point. Decades of inefficiency are threatening to cripple whatever is left of a system that hasn’t been functioning properly for a very long time.
Even so, there is hope. Crypto technology could ultimately create a space where everybody is served and protected, no matter their status and means.
As it stands right now, crypto technology isn’t being utilized to its potential within the global healthcare sector.
The implementation of smart contracts could see the process of pre-authorization completely removed.
What’s more, since blockchain technology allows for complete encryption of data and anonymity, it has the capacity to completely safeguard the personal data of patients.
Healthcare providers will be able to gain quick access to a patient’s current data and medical history, which could potentially even end up saving actual lives.
Even when looking at tokenization, it is easy to see how this technology could effectively facilitate greatly improved communication between healthcare insurance companies and patients and/or providers (doctors, hospitals, etc.).
Cryptocurrency technology could play a central role in putting the patient back in charge of their healthcare journey. For instance, a decentralized global healthcare platform will allow the patient to take ownership of their own medical records – instead of leaving this solely in the hands of healthcare providers.
Blockchain technology will make it possible for important information such as medical history and insurance to be stored instantly – as well as updated in real-time.
Improved Outpatient Services
There is a big difference between the tracking of care provided inside of the hospital setting as opposed to outpatient services.
Outside of the hospital, patients typically receive care and services from a variety of providers, including primary GPs, specialists, and medical support services. With so much data to track and store, information is easily lost or even inaccessible due to non-linked storage platforms.
Medical records that are blockchain-based can be made accessible to all healthcare providers so authorized by the patient. This would streamline the flow of information as well as eradicate the possibility of contra-indications between the various drugs and courses of treatment.
With the help of blockchain tech, patients will even be able to keep their own records up to date by adding over-the-counter meds or alternative treatment records to their medical database.
A Digital Future
The global healthcare system can only benefit from crypto technology and crypto exchange reviews can help too. Crypto can help the industry to save money and even unnecessary investments into resources.
At present, there is much at stake. The time has come to accept crypto technology as an essential part of the future within the context of global healthcare.
Help is at hand – it is now only a matter of learning how to embrace it to its full potential.