Healthcare blockchain is gaining traction as a future information exchange tool as vendors and organizations release frameworks for implementation.
August 10, 2017 – Microsoft announced the release of its Coco Framework to reduce the complexity of operational and security needs present in many healthcare blockchain implementations.
The framework aims to provide organizations with a steady guide on how to build and deploy a blockchain network as IT infrastructures continue to digitally transform.
Blockchain is the exchange of information between nodes (e.g., users, organizations) via a shared database without the regulation of a third party controlling the data through a single silo. It leads to the creation of a trusted history of transactions between organizations sharing data.
Each transaction between organizations consists of a block, which holds the data from the current transaction along with a hash linking back to the previous transaction, thus creating a chain. Every transaction is documented and users cannot go back and alter past data.
Blockchain is emerging as a secure way to share clinical data and PHI because it eliminates the need for organizations to trust the entities with which they are exchanging information. However, the technology currently lacks the standardization necessary for widescale healthcare deployment.
More at: Healthcare Blockchain Frameworks Emerge as Demand Rises – HITInfrastructure.com
The state of Illinois is expanding its work with blockchain, launching a pilot program aimed at applying the tech to the medical licensing process.
As reported last year by CoinDesk, the state unveiled a wide-ranging blockchain and cryptocurrency initiative last November. Illinois has since embarked on a multi-agency effort to explore public applications of the technology, while also releasing new rules for startups working with cryptocurrencies.
Now, the Illinois Blockchain Initiative has partnered with Hashed Health, a U.S.-based blockchain startup focused on medical applications, to see whether the tech can help streamline how medical licenses are issued and tracked.
The program’s backers expect to build a license registry and medical credential-sharing system running on a blockchain, with smart contracts automatically updating information. The ultimate goal is to create an authentic and transparent chain of records for patients and healthcare provider networks.
More at: Illinois to Trial Blockchain Tech in Bid to Track Medical Licenses – CoinDesk
The Illinois Blockchain Initiative has joined forces with Hashed Health, a blockchain company focused on healthcare innovation. Using distributed ledger technology, the partners seek to improve medical licensure in Illinois.
On August 8, 2017, the Illinois Blockchain Initiative announced that it has partnered with Hashed Health. The pair will collaborate on methods by which to enhance the “efficiency and accuracy of the medical credentialing process in Illinois” using a blockchain-based registry.
“In the short-term we anticipate this pilot will show how distributed ledger technology can help reduce the complexity of interstate licensing processes in Illinois,” noted Bryan Schneider, secretary of the Illinois Department of Financial and Professional Regulation (IDFPR).
More at: The Block Doctor – Distributed Ledger Technology For Medical Licensure – ETHNews.com
Payers are sizing up the ledger technology for payments and claims processing, but one big area of growth could be next-generation personal health records.
It may be at the peak of hype cycle right now, but blockchain technology has been enticing stakeholders in all areas of healthcare with its potential for a new and secure approach to data exchange.
Its prospective use case are many and diverse – not least when it comes to revenue cycle management and claims processing, said Dave Watson, executive vice president at SSI Group, an RCM and analytics company.
Watson has been closely following the evolution of the distributed ledger technology for some time. Not least, he says, to monitor its potential to disrupt his own line of work.
“One of our big business segments is clearinghouse and claims management services,” he said. “You’ve got some of the big payers looking at blockchain and making public pronouncements that they’d like to find ways to disintermediate the clearinghouses and go directly to the providers. Folks like me tend to perk up and pay attention when we hear that, so I’ve been tracking this for a while.”
More at: Blockchain eyed for potential use cases in revenue cycle – Healthcare Finance News
A program for anonymous participation between pharmaceutical suppliers on a multi-party supply chain has been piloted by Chronicled.
On July 31, 2017, internet of things and blockchain-based supply chain innovator Chronicled, Inc. announced the completion of a pilot program that tests the efficacy of the anonymous transfer of serialized global trade item numbers (SGTINs) on a medical supply chain, utilizing a Parity client on the Ethereum blockchain.
During the test, Chronicled took advantage of a protocol called zero knowledge succinct non-interactive argument of knowledge (zk-SNARK). According to Chronicled CTO Maurizio Greco, “This is the first step in a longer-term plan to fundamentally improve the way assets move through supply chains by using blockchain technology to immutably track the provenance of any object with an SGTIN.” Multi-party chains can use this method of verification to establish provenance without the direct interaction that is typical of a supply chain. This enables the transfer of possession or ownership of SGTINs anonymously across logistic networks. Chronicled will look at applying the cryptographic technique to pharmaceutical supply chains in partnership with The LinkLab, a supply chain consulting group.
More at: Chronicled Completes Pharma Pilot For Medical Supply Chain Powered By Ethereum Parity Client – ETHNews.com
Blockchain technology has proved its mettle over and over again in different sectors of industry – be it finance or health care. Recently blockchain technology has been applied to clinical trials and results indicate that the technology has the potential of increasing reliability of outcomes by manyfolds all the while ensuring data integrity.
One of the major issues with clinical trials is that participants do not stick around throughout the duration of the trial or do not report correct data. In order for clinical trials to succeed or at least provide data that is worth further research, participants are required to provide accurate information about the effects of the trial drug, chemical, or action on their targeted symptom and timing at which they took the related actions or medications.
Scientists have time and again showed that human input is flawed by nature because we are all different and because of this data collection and data integrity is of paramount importance. Further this same flaw is what makes clinical trials so necessary and important as it allows researchers to garner a more wider picture on which they can base their findings.
More at: Blockchain could help disrupt clinical trials, make them more reliable – Herald Keeper
Nashville-based Change Healthcare, one of the largest independent healthcare IT companies in the U.S., has announced that it has joined the Hashed Health consortium, a firm dedicated to realizing the potential of blockchain and distributed ledger technologies.
The Hashed Health consortium is an innovation hub for collaborative networks in healthcare using distributed ledger technologies, its officials say. It includes a group of healthcare companies with the goal of using blockchain to improve innovation in the sector.
The collaboration between Change Healthcare and Hashed Health “validates blockchain’s momentum in healthcare and sends a strong signal to the market that real work is being done to improve workflows, reduce costs, and improve patient care,” according to officials.
More at: Change Healthcare Joins Blockchain Initiative Hashed Health – Healthcare Informatics Magazine