There has been much talk about the financial, quality of care and patient access issues impacting the U.S. healthcare system. Since 2010, many Americans have experienced high premium and deductible costs, fewer provider choices and other challenges associated with the enactment of the Affordable Care Act—Obamacare. This legislation has exposed massive, systematic inefficiencies in the healthcare delivery model, largely driven by outdated technology systems and protocols.
Given the rapid emergence of blockchain technology within a wide swath of market sectors, promising discussions are taking place regarding its potential utility in the healthcare industry. While most of the blockchain’s focus to date has centered on the financial sector, new applications targeting health data management, pharmaceutical supply chains, and disease management are being widely bantered about.
The trajectory of healthcare technology has traditionally ambled along at a slow pace,