Will Blockchain Based Applications Have An Impact In The Hospitality Industry?

It could be in the initial stages of laying a foundation but once it takes ground blockchain will have a massive widespread. Far extensive to the point hospitals too will have the usage enacted. It is a part of technology revolution; you thought that phones were the only features that would hit the technological world? More is to come. Someone somewhere is thinking about something now beyond blockchain. The record shares among multiple computer networks, once on the web you can add any amount of transactions

How Blockchain Works In Hospitals

The blocks in a hospital set up can vary from documents such as birth certificates to money. Example, patient walks in a hospital and is required to provide a birth certificate to have a certain service offered to him. First, the license is in a specific document department he moves there and places his request. An indication is seen in the network as a block which is then broadcasted to all the relevant members of the net. In this step the members validate the transfer of the document to the essential place. The block (certificate) is then added to the chain, and once there cannot be reversed. Finally, services are given once the document is produced in the system to the relevant department. The same process applies if it were a billing procedure. From the above method, you note that there is an advantage in the various stages. When members of the system validate it means it is right to be used hence, eliminate the room for an erroneous process.

Hospital Applications

The billing and claims department have had a lot of physical work over the years with the countless number of patients in different hospitals. The record system comes in handy in the reduction of the tedious process by adjusting of claims and management of billing steps. There is a hundred percent assurance that the stored information in the system is correct.

In the exchange of information then this is a good system record. Between service providers, there is the alleviation of security threats when a system is under the blockchain usage. The providers can share information but with the use of an individual key for all patients. The lack of the key means no access to the system. The installation of the system brings about enhancement in accountability and transparency in the supply chain of management. From the wholesalers, manufacturers and distributors can track how their goods reach their various recipients. A hospital management too can follow how drugs and supplies are moving within the hospital.

Hospital revenue cycle management is a plus on the system; the system does not need intermediaries for transactions to go through. Intermediaries are used by physicians, patients, and insurers. The hospital is a part of the technology development and hence can’t be left out without the introduction of the use of the software. Then the use of the blockchain means it is an embrace for the technology development.

Hiccups

Like all other systems, there is always the room for loopholes. Since it is laying the basis for the future smooth running of the system a few challenges occur. A block can only hold up to 1mb; you realize that some documents maybe above the blockchain data factoring in clarity features. Despite the good things about the network, it does pose a challenge that information is accessible to many. Everyone in the chain can see the patients’ information which is a breach of patients’ confidentiality. Hospitals could ensure that they select systems that have incorporated privacy setting for such cases.

The software does not have room for human error this means that all the recorded information must be of high quality. There is what is known as the 51% attack, where more than half the computers work as nodes tell a lie then that lie becomes truth. You want to avoid this network influence.

The use of the software in hospitals may take time to get started since this is not a progressive industry. An example is the government hospitals where the government has to know and approve what is and what isn’t. There is no doubt that it can be used. But when is the issue with the long process of the state’s approval.

To have to convince the critical hospital entities to agree to the use of the system is a con. The chain is made up of different blocks in a hospital set up the blocks could involve the sale department, the doctor’s office, and the pharmacies just to mention. You realize that for a transaction to go through where the named are relevant they must validate hence the absence of one is a delay. Thus with this to have the corresponding block members use the system will require a lot of convincing.