Blockchain Use Cases in Healthcare Industry - iFour Technolab Pvt. Ltd.

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USE CASES IN: HEALTHCARE

https://www.ifourtechnolab.com/healthcare-custom-software-development

USE CASES IN: HEALTHCARE

Blockchain in Healthcare Global Blockchain in the healthcare market is expected to grow at a CAGR of 63.85% from 2018 to 2025 BIS Research, up to $100 billion can be saved per year by 2025 in data breach-related costs IBM and Ponemon found that healthcare data breach costs average $380 per record, more than 2.5 times the global average across industries Blockchain can help reduce the number of attacks on users’ data Verifiable identity and authentication of all participants

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USE CASES IN: HEALTHCARE

Blockchain in Healthcare Global in the healthcare market expected to the grow at a CAGR 63.85% from 2018 to 2025 IdentityBlockchain thefts, spamming and financial datais crimes, and patient's dataofmisuse BIS Research, up to $100 billion canelectronic be saved per yearinformation by 2025 in data breach-related costs Consistent representation to access health Billing Claims found Management of medical claims related patient$380 diagnoses, treatments IBM andand Ponemon that healthcare data breach costs to average per record, more than 2.5 times the global average across industries

Global annual health spending is expected to have ballooned to over $8.734 trillion by 2020 Blockchain can help reduce the number of attacks on users’ data Verifiable identity and authentication of all participants

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USE CASES IN: HEALTHCARE

Use Case 1: Clinical Health Data Exchange and Interoperability Leveraging the technology to create a secure and unified peer-to-peer (distributed) database Benefits: The distributed system allows for data exchange with higher levels of security Cutting down on the administrative costs that the current system imposes Less vulnerable to technical failures and external attacks Blockchain Security networks can be particularly useful for hospitals

Initiatives: Medical Chain – Users grant doctors immediate access to their health record via their mobile devices while data is kept secure on the blockchain

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USE CASES IN: HEALTHCARE

1: Claims ClinicalAdjudication Health Data and Exchange Interoperability Use Case 2: Billingand Management Leveraging the technology create a securethe andtraditional unified peer-to-peer (distributed) database Lowers Administrative coststoand eliminates claims clearing house and reconciliation layers Benefits: Compresses cashsystem flow cycles, revenuewith losshigher levels of security The distributed allowsand for reduces data exchange

Makes claims processing and securecosts payment transactions work more efficiently and cost-effectively Cutting down on the administrative that the current system imposes Ability to push suspect claims through theexternal reimbursement Less vulnerable to technical failures and attacks process is diminished Identify suspect claims or payment Blockchain Security networks can berequests particularly useful for hospitals

Initiatives: Initiatives: MedicalHealthcare Chain – Users grant doctors immediate access to their health record viadenials their mobile devices while data is kept secure on the Change - Manage claims, remittances, improve collections, minimize and underpayments, manage daily revenue cycles operations blockchain effectively

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USE CASES IN: HEALTHCARE

3: Claims Drug Supply Chain Management and Provenance Use Case 2: Adjudication and Billing Management Lowers Administrative costs tools, and eliminates traditional clearingtracking house and reconciliation layers Enhancing SCM with digital predictivethe analytics, and claims more accurate techniques Benefits: Benefits: Just-in-time� delivery products by integrating Compresses cash flow of cycles, and reduces revenuewith losshospital information system Private Blockchain’s and inter-enterprise networks for improved and visibility Makes claims processing and secure payment transactions work security more efficiently and cost-effectively All transactions betweenclaims supplythrough chain partners are accurately recorded and easily shared Ability to push suspect the reimbursement process is diminished Reduce andclaims fraudor ofpayment order consumable Identifywaste suspect requests supplies, including high-value medications and addictive opioids Create a reliable and tamper-proof audit trail for products as they move through the healthcare environment

Initiatives:

Change Healthcare - Manage claims, remittances, improve collections, minimize denials and underpayments, manage daily revenue cycles a Initiatives:

Ambrosus - currently in talks with large pharmaceutical suppliers in relation to launching a pilot program utilizing their current products

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USE CASES IN: HEALTHCARE

Use Use Case Case 4: 3: Cyber Drug Supply SecurityChain and Healthcare Management IoTand Provenance Enhancing SCMsecurity with digital tools,information predictive analytics, andDecentralized more accurateLedger tracking techniques Increases the of medical through the Technology (DLT) Benefits: Benefits: Just-in-time” delivery products by integrating Unique identifiers for of medical devices and assetswith hospital information system Private inter-enterprise networkshealth for improved SecuredBlockchain’s and selectiveand access to patient-generated data security and visibility All transactions between supply chain partners are accurately recorded and easily shared Smart medical asset management Reduce and fraud ofdiagnosis order consumable supplies, including high-value medications and ad Remotewaste and autonomous Create a reliable and tamper-proof audit trail for products as they move through the healthcare environment

Initiatives:

Taipei Medical University Hospital & DTCO - Released phrOS to increase transparency between medical institutions by putting all of a Initiatives:

patient’s medical information on a blockchain Ambrosus - currently in talks with large pharmaceutical suppliers in relation to launching a pilot program utilizing their current products

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USE CASES IN: HEALTHCARE

Use Case 5: 4: Clinical Cyber Security Trials &and Population Healthcare Health IoT Research Increasesdata the on security of medical through the Decentralized Ledger Technology (DLT) from the drugs being tested Medical Blockchain could information be used by trial recruiters to identify patients who could benefit

Benefits: Benefits:

Unique identifiers for medical devices and assets Promote research commons and remunerative models Secured and selective access to patient-generated health data Managing IP/R&D assets transactions Smart medical asset management Clinical trial data integrity & provenance Remote and autonomous diagnosis Faster Regulatory compliance & approvals

Initiatives: Initiatives: Taipei Medical University Hospital & DTCO - Released phrOS to increase transparency between medical institutions by putting all of a patient’s information on a blockchain Ambrosusmedical - Abundance of blockchain systems currently available, however the company is trying to adapt them to the Pharma Industry

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USE CASES IN: HEALTHCARE

What we offer?

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USE CASES IN: HEALTHCARE

What we offer?

DApp Development Custom Blockchain mobile and HyperledgerConsulting Service Blockchain Smart Contract (ICO) Development Cryptocurrency

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USE CASES IN: HEALTHCARE

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