Blockchain Innovation Changing the Landscape of Healthcare Patient and Data Protective Services
The medical industry is poised to be the next major field disrupted by the emergence of blockchain technologies, with a recent study by IBM illustrating that more than half of healthcare executives intend to implement blockchain technologies into their organizations by 2020. The capacity of a distributed ledger technology for ensuring data integrity while sharing between parties can ensure collaboration between rising trends in healthcare, which are vital to the improvement of health in communities worldwide. The benefits to this strategy are endless as security and confidentiality of patient records and financial data are paramount in the medical industry. Early adapters who are adapting and choosing to implement the technologies now will be ahead of the curve, as experts believe it's only a matter of time before blockchain technology in the medical industry is virtually a standard. Active stocks in the industry with market performance and recent developments include
The Company recently announced its endeavor into the Health Care Sharing Organizations (HCSO) marketplace and has determined the systems necessary to best capitalize and manage this marketplace will be blockchain centric. The Company expects other faith-based and ethics-based sharing organizations to incorporate the MIHI Blockchain Platform where appropriate security and exchange of data is a requisite to ensure patients, providers and payers are all able to benefit from this technology platform. This will make for a more efficient movement of secure data, resulting in lower transactional costs of moving data across a world-wide network. MIHI plans to release an initial version to support its own operations and then later migrate the application to allow third-party sharing organizations to utilize the platform under a transaction fee arrangement. Read this and more news for MIHI at http://www.marketnewsupdates.com/news/mihi.html
As information moves to patient portals that allow universal access to data across disparate medical systems in hospitals, physician offices, insurance companies, and employers, blockchain technology will enable the patient to finally be at the center of their care model and thereby providing them with the best system to provide protection and create trust between elements of their care continuum. This trust extends beyond borders and will eventually allow the company to accept foreign payments for telemedicine services across the world.
Arturo "Jake" Sanchez, MIHI CEO, stated, "We are at a beginning of a technological trend that will revolutionize how we use and share medical and financial information. For example, today's method of having patients fill out medical history forms will become outdated as patients will be able to electronically share their own virtual records and interface them to disparate medical record keeping systems. Everyone in the chain will have instant, controlled access to any changes in the data distributed across all members of the chain that can include other medical practitioners, insurance providers, CMS, drug manufacturers and other parties." "Committing MIHI to blockchain development will insure that the medical data we move across the health care ecosystem can be trusted, secure and immutable and that our automated workflows will be a tremendous differentiator in a crowded market," concluded
In other Blockchain market activity of note from trading on yesterday:
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