Decentralized Identity Management for HealthCare
Identity is fundamental to almost any blockchain use case in healthcare – inclusive of Decentralized identity management of individuals (e.g., patient, participant, provider), unique device identifiers (UDIs) for medical devices in the health supply chain, or structure participants or validators in a network.
A decentralized model can add integrity, transparency, and combat differential versioning of individual’s identity, organization’s identity, and/or medical device identity to allow for security verification.
In the current system, security and trust are the most common concerns shared by businesses regarding the information shared between different entities. Information can be entered anywhere along the line of communication and this leads to trust issues, especially in the healthcare industry. There are also concerns where multiple vendors hold different versions of the same patient record that are not validated, resulting in various errors, inconsistency and incompleteness. Add to that reports of security breaches, tampering of personal data and the ever-present hacking threat, it’s not surprising healthcare officials are concerned.
Since blockchains are cryptographically secure and the data present therein can be authenticated using a digital signature that is unique to each person, this technology could be the answer to most of these concerns. The health care business is on the verge of disruption in its digital infrastructure and decentralized identity management can assist the Healthcare industry to accelerate its digital transformation. The current system doesn’t totally support the safety or interoperability that’s inherently necessary. To utilize collected medical data to its maximum potential, data portability and interoperability of records between systems is a must.
Health Provider Credentialing
The physician credentialing process can take months to complete due to antiquated processes and inefficiencies. The opportunity cost for hospitals can be substantial based on the failure to capture physician-generated revenue during the relevant portion of the year (i.e., half a million to 2.5 million dollars in an annual cycle).
Health Provider Data and Archives
Healthcare providers – from individual practitioners to large health systems – must have accurate demographic information so that patients may locate them when needed and accrediting agencies may identify and locate them for credentialing. In perhaps the first industry collaboration of this scope, the Synaptic Healthcare Alliance (i.e., Humana, Multiplan, Optum, Quest Diagnostics, etc.) is attempting to improve the current system of provider data and directory management using a “provider data exchange” (PDX). The Alliance aims to improve the accuracy and efficiency of this data by architecting a non-siloed system, resulting in a reduced error rate and improved reimbursement rate.
We at BeyondBlocksLabs want to give people, organizations, and things the freedom to collect and carry their own lifelong verifiable digital credentials. Beyond Blocks provides you with solutions and tools to help you create an ecosystem for Self Sovereign identity through an easy process to own and control your digital identity and protect your privacy with secure user experiences.