Bacolod City, Negros Occidental May 24, 2018 – The future of healthcare is changing because of the rapid development of disruptive technologies such as Artificial Intelligence, Blockchain and the Internet of Things. With these emerging technologies, the future of healthcare for physicians, doctors and hospitals is changing as well. Healthcare providers must align their future operations with these changes in order to embed the benefits of these disruptive technologies.
Understanding the changing landscape of healthcare, one of the key focus of the Bacolod Blockchain Initiative (B2CI) is to introduce and pioneer MEDTRIX, a system software solution for hospitals based on Electronic Health Records (EHR) and Hospital Information System (HIS) with the enabling of a Blockchain framework in order to improve its core functionality to deliver even better optimal processing times for hospital administration.
“The healthcare industry is ripe for disruption by emerging technologies such as Blockchain, basing on its properties of a highly secured open distribution architecture which could solve problems that impact healthcare providers, researchers, and patients,” said Randy Knutson, DynaQuest Technologies CEO, during his presentation: “Blockchain in Healthcare: MEDTRIX Proof of Concept.
During the presentation, Randy Knutson presented several use cases of Blockchain in healthcare in which the healthcare sectors are currently experiencing its disruption that paves the way for innovation. “Medical supply chains, drug verification, medical reimbursement, health information management and clinical trials, are being transformed by Blockchain in healthcare,” said Randy Knutson.
“Through core technologies present in Blockchain – smart contracts and distributed ledger technology , the health information management of hospitals is seeing a demand for Blockchain technologies to replace the ageing EHR systems.”
During the presentation, Randy Knutson also highlighted several problems facing Philippine hospitals basing on the small and independent sectors:
- Hospital Shortage
- Slow Access to Medical Specialist
- Quality of Patient Handling
- Shortage of Medical Professionals
- Lack of National EHR Policy
- Lack of IT Infrastructure
- Manual Medical Insurance
“While Blockchain is not a silver bullet for all the problems facing Philippine hospitals and the healthcare sector, Blockchain does remedy the cost-effectiveness, capacity to service volume patient data and restructure the IT-governance of Philippine hospitals into a much more economic virtual infrastructure,” said Randy Knutson.
MEDTRIX, originally developed by HYBRain Develop Corporation, a full-service software development company and one of the key partners of the Bacolod Blockchain Initiative, will soon be able to migrate into a Blockchain infrastructure with the participation of DynaQuest.
Randy Knutson unveiled the Project Roadmap of MEDTRIX being developed under the Blockchain infrastructure. “Enabling Blockchain for MEDTRIX is among the key goals of B2CI and we have a number of activities lined up in order to fast track the development.”
John Dave Duenas, HYBrain’s co-founder and CEO stated during the Blockchain Workshop that the groundwork for enabling MEDTRIX under the Blockchain infrastructure has begun, starting with the breakout session of the event in order to gather user feedback and scope functionalities basing on technical perspective from the ICT and healthcare professionals that participated in the event.
When fully-migrated and fixed for Blockchain, MEDTRIX will enable smart contracts, distributed ledger technology and user-interfaces via dApps for the participation of both doctors and patients.