The U.S. Food and Drug Administration (FDA) has approved a multi-regional pilot studying the use of blockchain-enabled data technology to track and verify specialty prescription drugs, to ensure safety, enhance value and improve health outcomes.Blockchain Pilot Consortium & Implementation TimelineThe pilot consortium is comprised of Rymedi,Temptime/Zebra, Indiana University Health, WakeMed Health & Hospitals, Good Shepherd Pharmacy and its RemediChain project, as well as the Center for
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Blockchain Technology in Healthcare | News, Analysis, Insights
InstaMed Launches Blockchain App Prototype for Healthcare Payments
InstaMed, a healthcare payments network, announced that it released a blockchain app prototype to demonstrate how blockchain technology could be leveraged for the interaction points among providers, payers and consumers including claim submission, claim adjudication, claim payment, patient billing, and patient payment. InstaMed built the blockchain prototype on HL7 FIHR v4. Full Visibility into Full Lifecycle of A Patient EncounterProviders and payers nationwide are challenged to find ways to
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10 Major Themes Driving The Future of Blockchain in Healthcare
Partners in Digital Health, communications company publishing the peer review journals Blockchain in Healthcare Today (BHTY) has announced their first annual BHTY Top 10 Blockchain Predictions for Healthcare 2019. With over 20,000 downloads, 18 citations, and readership in over 65 countries worldwide, Blockchain Healthcare Today (BHTY) is the preeminent open-access international peer-review journal for strategic thought leaders, new-era practitioners, and future society stakeholders engaged in
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HIMSS19 Day 2 Announcements & Summary
Accenture: Millenials & Gen Z Are Shifting to Virtual, Retail, Clinic, Digital CareMillennial and Gen Z consumers in the U.S. are rapidly adopting non-traditional care models, such as retail clinics, virtual and digital services, according to results of an Accenture survey of 2,000 consumers.Key findings of the survey study include:- When considering traditional in-person care, millennials (ages 22 to 38 in 2019) were two to three times more likely than baby boomers (ages 55 to 73) to be
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Providence St. Joseph Health Acquires Blockchain-Powered Revenue Cycle Platform Lumedic
Providence St. Joseph Health, one of the nation's largest health systems, today has acquired Lumedic, a next-generation revenue cycle management platform powered by blockchain technology. Providence St. Joseph Health will be the first integrated provider-payer system to establish a scalable blockchain platform to transform claims processing and enhance interoperability between providers and payers.Optimizing Revenue Cycle ManagementReducing inefficiencies in revenue cycle management (RCM) has
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HSBlox’s Blockchain Advances Clinical Trial Sample Management with Increased Visibility,
HSBlox, a technology company that is bringing innovation and transparent economics to the healthcare ecosystem, today announced the launch of its Digital Sample Manager (DSM) solution, which leverages blockchain technology (distributed ledger technology or DLT) to bring improved visibility, transparency and tracking to the chain of custody in clinical trials. The solution provides end-to-end sample tracking and real-time status updates to all chain of custody entities.Advancing Clinical Trial
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Blockchain Technology: A Hopeful Secure Solution for Healthcare?
An electronic health record, or EHR, contains the patient’s name, date of birth, and social security number. It also contains the names of the patient’s employers, dependents, and more. Considering the increasing number of healthcare data breaches, blockchain technology that enables patient-mediated health data exchange provides a potential security solution opportunity.Infographic created by Duquesne University School of Nursing illustrates the promising potential of utilizing blockchain
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Shivom Partners With Lifebit To Power AI-Analysis of DNA Data For Clinical Trials
Shivom, the blockchain genomics platform that is powering personalized healthcare, has partnered with Lifebit, the AI-powered DNA-analysis firm, to give users unprecedented reporting capabilities for DNA data analysis. The partnership will mean that immediate Genome Wide Association Study (GWAS) analysis is possible, with no specialist knowledge or in-house data scientist required. It also means that users can access a library of pipelines (ready-built software that is used for analysis) and an
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Blockchain: Would You Trust an App to Protect Your Medical Records?
When it comes to medical records, privacy is paramount in the healthcare industry. It is for the very same reason that blockchain technology creates some amazing opportunities for innovation and disruption in the sector.Notorious as the technology powering up Bitcoin cryptocurrency transactions, blockchain is an encrypted ledger of digital transactions, distributed across multiple nodes through a peer-to-peer-type network that also leaves an auditable log trail of the events taking place. Every
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Utilizing Blockchain in Healthcare: 3 Lessons Learned from Abroad
According to the Edelman Trust Barometer, America is suffering from a serious trust issue, and one of the areas which Americans seem to have the least faith in is their healthcare system. According to a recent New York Times article, in 1966, more than three-fourths of Americans had great confidence in medical practitioners, compared to as little as 34 percent today.Many argue that the US healthcare system is deeply flawed and is designed to benefit medical providers and insurance carriers
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