Technical Near Future Advantages of Healthureum to Modern healthcare sectors

Data systemization is one of healthcare's biggest pain points. There are simply no tools that help practitioners and health institution managers collect, store and analyze medical data. Healthureum is stepping into this gap by delivering a Blockchain enabled solution for data systemization. To put it simply, you will be able to store all your health history with information to include doctors you've seen, the treatment you have taken, down to your inherited health conditions. That sounds exciting, right? Well, this is what Healthureum brings to the table.

Furthermore, this is just the tip of what Healthureum has to offer. Apart from better health data management, Healthureum proposes to instill transparency in billing management, enable integrity and traceability in drug supply plus better medical infrastructure management.

Let's take a how this Blockchain project will facilitate this new development

Medical infrastructure management

Blockchain technology can really revolutionize how hospitals invest in medical infrastructure. In fact, by taking advantage of smart contracts and time stamps, health institutions managers can assess every action related to a particular piece of medical infrastructure thereby obtaining a clear view of how to make adjustments. The Blockchain will be able to record information such as the demand for a piece of infrastructure, scheduling, and maintenance among other relevant information that is needed for budgetary purposes and procurement. This is what Healthureum is set to achieve with its Blockchain project. Not only will Healthureum's medical infrastructure management turn out to be beneficial especially in terms of ROI (Return on Investment), but it will also enable hospitals to deliver better healthcare in the long run. Furthermore, by combining this feature with data systemization, Healthureum will facilitate better public health management by health regulators, government, and even health insurance companies. Future prevention of chronic diseases can be a reality since smart Blockchain technology will see to it that health organization take proactive measures towards public health management decisions. Eventually, the benefit will trickle down to the population as a whole. 

Accountability and transparency in billing management

We live in a digital era, and healthcare is one the industries that largely benefit the most from technological advances especially in fields such as robotics, Artificial intelligence and even Augmented Reality. But even with such tremendous advances in tech, there Is less than 10 percent of hospitals globally that are able to exchange records and communicate entirely through their digital systems. Medical institutions have spent billions trying to fix and digitize medical records to no avail. As a result, most of the healthcare costs have become unreasonable as they result from unperformed billing services and claims that are lost in fax and paperwork. There is a bunch of information missing due to lack of proper management. However, Healthureum's Blockchain presents a credible solution such that it does not only minimize fraud in billings and claims management but also reduces healthcare costs significantly. With Healthureum Blockchain, for instance, claims and bill processing activities can easily be automated to remove intermediaries, therefore, eliminating human errors and loss of information. This feature alone has a huge potential of cutting down administrative costs in hospitals.

Integrity of drug supply chain

There is over $200 billion lost annually by pharmaceuticals around the globe due to counterfeit drugs. Furthermore, the WHO (world health organization) reports that over 16 percent of counterfeit drugs have the wrong ingredients, therefore, putting patients at a health risk of suffering from severe side effects. With Healthureum Blockchain network, a chain of custody can be established whereby suppliers who deliver counterfeit drugs can easily be tracked thanks to smart contracts that record and monitor the supply chain at every step. In addition, through smart contracts and private keys, Healthureum can establish proof of ownership concepts that can be used to prove the source of counterfeit drugs as well as call them back even after they have been distributed. It will also be easy for regulatory bodies to verify and validate suppliers though smart contracts that shall be executed on the platform. This has a huge potential to turn around the loses that most medical institutions incur once the project is fully adopted.

Conclusion

With the full adoption of healthureum, there is no doubt that many sectors of the healthcare industry will be disrupted. Transparency and accountability can be established, and as a result, the cost of healthcare will reduce by a huge margin. The beauty that Healthureum's Blockchain brings to the table is the fact that smart contracts and Blockchain technology provide a tamper-proof, immutable tool that is fit to improve healthcare management. Furthermore, the decentralized nature of this new technology is a plus as Healthureum will be beneficial to all its users around the world.