Blockchain Technology Impact On Healthcare Insurance Sector Training Ppt
This set of slides covers how blockchain technology has revolutionized the insurance domain in the healthcare industry with interoperable,comprehensive health records,supporting administrative and strategic imperatives with smart contracts,simplifying the application process by making it more client-centric,detecting fraud more effectively,improving provider directory accuracy and facilitating a dynamic insurer or client relationship.
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Content of this Powerpoint Presentation
Slide 1
This slide illustrates challenges that the blockchain resolves in health insurance such as interoperability, comprehensive health records, supporting administrative and strategic imperatives with smart contracts.
The technology also simplifies the application process, making it more client-centric; detecting fraud more efficiently, improving accuracy and facilitating a dynamic insurer/client relationship.
Instructor’s Notes:
The multiple issues that blockchain resolves in healthcare insurance industry are as follows:
Interoperable, comprehensive health records:
- With the help of blockchain-based software, the interoperability problem can be solved by establishing trust and security within the system
Supporting administrative and strategic imperatives with smart contracts:
- Using smart contracts, blockchain automatically collects records of agreements, transactions, and valuable information by linking the information together and acting as one data
Simplifying the application process by making it more client-centric:
- The data is recorded in the blockchain-based system, making it easier for the users to find different medical records at the time of need
Detecting fraud more effectively:
- The information related to health insurance is first verified and then recorded in blockchain-based software
- At the time of false claims or falsified applications, smart contracts help determine the user's validity by verifying the information recorded in different blocks in the network
Improving provider directory accuracy:
- Healthcare providers and insurers can update their listings easily and quickly, owing to the decentralized nature of Blockchain architecture
Facilitating a dynamic insurer/client relationship:
- While securely storing electronic health records in the blockchain, smart contracts can integrate other wellness-related behaviors within the client’s relationship
Slide 2
This slide highlights the impact of blockchain on healthcare insurance with interoperable, comprehensive health records. It explains that with the help of blockchain, the interoperability problem can be solved by establishing security and trust between two entities.
Slide 3
This slide illustrates the impact of blockchain on healthcare insurance with supporting administrative and strategic imperatives. It explains that blockchain helps to automatically collect records of agreements, transactions, and valuable information by using smart contracts.
Slide 4
This slide illustrates the impact of blockchain on healthcare insurance with client centric application process. It explains that blockchain collects data and keeps it in a systematic order within the blocks. At the time of claim adjustments or client treatment, the information can be collected from the blockchain network.
Slide 5
This slide highlights the impact of blockchain on healthcare insurance with fraud detection process. It explains that blockchain helps to verify the information recorded in the network software. At the time of false claims, smart contracts help determine the user’s validity by verifying the information recorded in different blocks in the network.
Slide 6
This slide highlights the impact of blockchain on healthcare insurance by improving accuracy. It explains that healthcare providers and insurers can update their listings easily and quickly owing to the decentralized nature of Blockchain architecture.
Slide 7
This slide highlights the impact of blockchain on healthcare insurance by facilitating client insurer relationship. It explains that at the time of storing electronic healthcare records in the blockchain, smart contracts integrate the wellness-related behaviors within the client’s relationship.
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