Concurrently, at a federal level today, most countries have policies or strategies outlining digital health objectives, which have increased the adoption of digital health records such as electronic health records/electronic medical records (EHR/EMR) and other health IT (HIT) systems or infrastructures. Regardless of these digital initiatives, current limitations around security, integrity, and access control for personalized health data are creating critical bottlenecks for care delivery innovations. This, in turn, creates an inefficient digital health workflow with acute data silos between different providers, hospitals and payers, and even various departments within a health system, impeding care coordination. As the healthcare industry struggles to find the trade-off between risk and reward of going digital, potential application of blockchain technology provides a timely solution to mitigate some of these pressing needs.
As stated in our last Forbes article on blockchain, despite the enormous potential of blockchain in disrupting healthcare digital workflows, it may not be the panacea for healthcare industry challenges. Based on Frost & Sullivan study Blockchain Technology in Global Healthcare, 2017-2025, discover the top 5 growth opportunities for blockchain technology in the digital transformation journey of the healthcare industry.
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5 Big Themes for Blockchain Technology in Healthcare Industry’s Digital Future