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Blockchain in health care and in your portfolio

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Blockchain in health care and in your portfolio

"The future of health care will be focused on prevention rather than focused on performing excessive medical treatments, diagnostic tests, and procedures. Many centralized processes, services, products, and entities will…
June 5, 2021

Blockchain in health care and in your portfolio

“The future of health care will be focused on prevention rather than focused on performing excessive medical treatments, diagnostic tests, and procedures. Many centralized processes, services, products, and entities will become unbundled, including insurance, hospitalization, inpatient and outpatient coding, medical billing, payments, patient care, medical education, licensure, and certification. Physicians, including Leah Houston, MD, are developing blockchain-based platform technologies for improved physician credentialing.

The current applications of blockchain technology that are currently being worked on in the field of health care include enhanced data security, transparency to financial operations, eliminating excessive administrative burden and waste, decreasing billing cycle complexity, improved methods for recording, storing, and access data records, credentialing, and supply chain management.

Obviously, with blockchain just still a nascent technology, a whole host of other unnamed applications are possible, as the sky is the limit.”

Christopher H. Loo is a physician and author of How I Quit My Lucrative Medical Career and Achieved Financial Freedom Using Real Estate.

He shares his story and discusses his KevinMD article, “What does blockchain mean for health care?” (https://www.kevinmd.com/blog/2020/12/what-blockchain-mean-for-health-care.html)

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