Healthcare Technology
& Innovation
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GROWTH OPPORTUNITY 4:
Value-based Care:
The digital democratization of care delivery models toward a value-based care paradigm will require healthcare providers to make better use of health IT standards and advance healthcare interoperability. Nowadays, the new vision for healthcare is not just about access, quality, and affordability, but also about predictive, preventive, and outcome-based care models promoting social and financial inclusion. With rising regulatory hurdles and pressures to decrease healthcare costs globally, blockchain technology promises to unlock new economic advantages by disintermediating high-cost gatekeepers and automating transactional services across healthcare workflows (e.g., claim adjudication, billing management, revenue cycle management (RCM), drug supply chain and other healthcare contracting processes). Blockchain-based distributed ledger makes it easier to create cost-efficient commercial relationships where virtually everything of value can be tracked and traded without requiring a central point of control. Successful deployment of blockchain systems will provide radical new possibilities to promote outcome-based care delivery and reimbursement models across healthcare workflows to save billions of dollars for the industry.