THE BLOCKCHAIN ADVANTAGES TO THE HEALTH CARE INDUSTRY.

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Good day to you all, I hope you are all doing fine the title of my post today is titled " the advantages of the blockchain technology to the health care system", it is now protocol that before I go on to discuss and explain the different advantages that the blockchain technology offers to the health care system I will first discuss a little on the blockchain technology and maybe on the condition of the health care system that way it will be easier to understand and follow through this post, believing I have your attention I will proceed.

The blockchain technology, we all know what the blockchain technology is but for formality and reminders purposes I will define and describe the blockchain technology as being a transformative and innovative technology created first to facilitate the transactional activities, data and information of cryptocurrencies particularly the Bitcoin but ever since then it has shown that it is a force in various industries where it is implemented and it is able to offer innovative solutions to longstanding challenges faced by any of these institutions.

The health care system is one of the industries where the blockchain technology can show again that it is a force driving innovation and solving and addressing challenges facing thealth care industry, if implemented the blockchain holds immense potential to transform and improve processes, enhance data security, and improve patient outcomes, I will also be discussing how it can facilitate secure data sharing, streamline administrative processes, improve patient privacy, combat counterfeit drugs, and empower patients with greater control over their health data.

STREAMLINES ADMINISTRATIVE PROCESSES

With its many innovative features and properties the blockchain technology is able to facilitate and offer so many opportunities to streamline the administrative processes of healthcare organizations and therefore help reduce or even totally eliminate the inefficiencies, faults and failures of the healthcare industry and in their operations, inefficiencies of which may be in the aspect of processing of bills and claims processing, and supply chain management.

Additionally, the blockchain technology has one very important and innovative mechanism which is very useful when it comes to automating processes and reducing inefficiencies and that is the smart contract, the smart contracts can be described as being a self executing agreement coded and programmed on the blockchain it executes the agreement on the contract when all terms have been met, it enables and allows automated and transparent execution of administrative tasks.

Therefore by automating the routine and processes that makes the administrative tasks difficult and stressful and by eliminating intermediaries and middle men the blockchain can reduce administrative overhead as well as minimize errors, and finally improve the efficiency of the healthcare industry.

ENHANCES PATIENT PRIVACY

The blockchain technology has also features and properties that allows it to enhances and improve the privacy and data security of patients in the healthcare industry and it does this by enabling and allowing the patients to retain ownership and control over their health data and information through the features of decentralization also, through the use of cryptographic techniques such as public key encryption the blockchain technology empowers patients with the choice to share their health information selectively and anonymously.

Therefore this privacy that the blockchain technology will be able to facilitate will be basically giving patients the upper hand and greater control over who can access their health data and information and on what grounds or for what purposes, block chain technology promotes trust and transparency in healthcare transactions and as a result fostering stronger relationships between patients and providers and empowering individuals to manage their health information appropriately.

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REDUCING RISK OF COUNTERFEIT DRUGS

Counterfeit drugs pose a significant threat to the health care industry to the safety and public health of patients, most especially in countries that are still developing, and lacking proper regulatory oversight and weak or no supply chain control, the blockchain technology offers a solution to this threat and risk of counterfeit drugs by providing a transparent and immutable tracking system and protocol of all the pharmaceutical products throughout the supply chain.

By transparently recording every transaction and movement of drugs on an immutable ledger, the block chain, from manufacturing to distribution to dispensing of medication and pharmaceutical products the block chain enables and allows stakeholders and authorized personnel to verify the authenticity and provenance and detect counterfeit products hence mitigating the risk of counterfeit.

CONCLUSION

In conclusion, the blockchain technology offers numerous advantages to the healthcare system some of which are facilitating secure data sharing, streamlining the health care institutions administrative processes, improving patient privacy, leading the mission of combatting counterfeit drugs, and empowering patients with greater control over their health data and information therefore by leveraging and taking advantage of the blockchain technology and applying the solutions it offers, healthcare organizations can enhance efficiency, transparency, and accountability.