How The Blockchain Technology Has Improved Various Sector Of The World --- The Health Care System #003

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Hello great minds,

I feel happy to come before you all today to discuss with you on another topic of great importance.

I believe you are all doing excellently well and are enjoying your activities in the community, if it is so, then I am glad about it.

Always remember that I am available if you are having any challenge in the community 😊.

If you can remember, few days ago we discussed on the improvement of blockchain technology on healthcare system but we were unable to finalize our discussions.

Today we shall continue on the improvement the blockchain technology has on the healthcare system and I hope you will enjoy this ride, as we shall be considering them bits by bits.

• IMPROVED ACCURACY AND EFFICIENCY OF MEDICAL BILLING AND CODING:

The blockchain technology helps to enhance the efficiency of medical billing and coding in the sense that the blockchain technology offers data security and integrity.

Medical billing and coding is very well associated with the handling of Important and sensitive patient details, including treatment, diagnosis and other insurance details.

By making effective use of the blockchain technology, all data can be securely stored, and accessible to only authorized parties, thus reducing the risk of data breaching and unauthorized access of patients sensitive details.

The fraud associated with medical billing is also of serious concern to the health care system.
With the introduction of blockchain technology, it is very easy to trace and detect such fraudulent charges since the blockchain offers immutability of transaction and a timestamp on every transaction made.

• ENABLES PATIENT CONTROL METHOD FOR DATA-SHARING:

The blockchain helps to play this role by providing a decentralized and secure platform for the sharing and management of patients data.

In a blockchain based health system, patient are given control over their health data.

They have the authority to accept or decline any requests from any health personnel over the assessment of their data.

In other data sharing activities, the patient also have the authority to decline the revealing of some certain data, and all of this can only be applicable through the use of a blockchain technology.

• FACILITATED EFFICIENT AND SECURE HEALTH CARE PAYMENT AND REIMBURSEMENT:

The blockchain plays a very important role when it comes to facilitating a secure health care payment process.

In healthcare payment and reimbursement, the transparency of the blockchain technology helps to build the trust and confidence of the patient, insurers, healthcare providers and other health care regulatory bodies.

The transparent nature of the blockchain ensures that all have equal access to the same information stored on the blockchain, thus eliminating the arousal of unnecessary arguments and misunderstanding arising from information assymetry.

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CONCLUSION

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Indeed, there are so many advantages of the blockchain technology when adapted into the healthcare system.

Well, this is not all, as time permits we shall discuss as many benefits as possible of the blockchain technology to the healthcare system.