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Healthcare blockchain technology has the potential to transform patient care, observed Bill Frist, a heart and lung transplant surgeon, former Senate majority leader, and chairman of the executive council of the health service investment firm Cressey & Company.
Blockchain will be able to break down EHR silos, simplify revenue cycle reconciliation and healthcare supply chains, make patient data more accessible and secure for patients and researchers, and synch data from health trackers and wearables with EHRs, Frist predicted in a recent Forbes article.
“Blockchain is definitely and rapidly moving toward production in real-world healthcare settings. In fact, it’s projected to be a $2 trillion industry … Technology is going to change care as we know it: moving the locus of care into the community, into the home-setting, meeting the patient where they are,” he wrote.