Insurance fraud is as old as Insurance itself. In this day and age, insurance fraud is costing the industry millions annually, not because of the swindling but in terms of the resources spent in discovering and stopping fraud at its early incursions. While Blockchain’s benefit for the insurance industry has been touted at reduced costs […]
How Blockchain Boosts Healthcare
By 2022, the India’s healthcare sector will be worth at an estimated $372 billion, but the cost of delivering healthcare related services to a still growing population of 1.35 people is deemed insufficient. The country’s healthcare and pharmaceutical sector are ranked number 3 when classified under the categories of manufacturing capabilities and providing employment, but […]
How Close is the Healthcare Overhaul with Blockchain?
Researchers have accounted many researches, studies and use cases of Blockchain in healthcare and have surmised that the impending Blockchain revolution is closer than we think. According to the research paper “Geospatial blockchain: promises, challenges, and scenarios in health and healthcare”, published by joint researchers associated with universities in Scotland, the UK, and the US, […]
Growth Projections of Blockchain in Healthcare
The future of healthcare and Blockchain is bound for bountiful growth as the latest CSNewswire reported that Blockchain technology in the healthcare market is projected to grow at a CAGR of 72.8%. In a diverse healthcare segment, the one with the highest registered CAGR within the forecast period is the claims adjudication and billing management […]
Potential and Risks of Blockchain in Health Information
The future of Healthcare when it comes to embedded technology as a platform involves Blockchain and its benefits. With Blockchain and its broad capabilities of automation, data processing capabilities and security features towards healthcare, the future is both bright and yet unclear just beyond the conventional knowledge about Blockchain. The concept of Blockchain when it […]
How the United States is Bracing for Blockchain Disruption in Healthcare
The current state of Electronic Health Records (EHR) information systems in the United States is due for disruption because of the emergence of Blockchain as it is looming to overhaul EHR’s processing capabilities, therefore granting vital health information to be delivered in real-time, with improved accuracy, and are more secured as well as tamper-proof. This […]