Is Healthcare Ready For Blockchain?

Tony Little, VP of solutions architecture shares his views on blockchain-enhanced products and services to the healthcare and pharmacy industries in Managed Healthcare Executive. Little explains that blockchain can lower costs, and that when insurers work with PBMs, the PBM controls certain data, ostensibly for security reasons. “However, this arrangement leaves insurers needing PBM approval for access to this data, including for auditing purposes or to comply with government reporting,” he said. With blockchain, insurers can have ready access to necessary data without sacrificing data security.