Personal health data is currently not used efficiently nor effectively due to fragmented information created and isolated throughout hospitals, physician practices, pharmacies, and laboratories 1 . Sharing healthcare data from one institution to another has been a complex task due to privacy concerns and fear that sharing information will give others a competitive advantage 2,3 . Today’s electronic medical records (EMRs) have varying data standards that inhibit interoperability since records are not compatible between systems. Inconsistent rules and permissions prohibit health organizations from accessing real-time patient data3 . A health information exchange (HIE) is defined as a reliable and interoperable electronic sharing of clinical data obtained by the patients, physicians, nurses, pharmacists and other health care providers across unaffiliated institutions which in turn creates a network effect 1,4,5 . This enables data to follow patients wherever they receive care. A blockchain powered health information exchange (HIE) would establish the interoperability that is lacking in today’s healthcare infrastructure 6 . Furthermore, this would allow for coordinated patient care and eliminate unnecessary services and duplicate tests. Improved data integrity, reduced transaction costs, decentralization and disintermediation of trust, establish the benefits that a health information exchange (HIE) delivers. The purpose of Timicoin is to provide a blockchain solution that will secure healthcare information within a health information exchange (HIE). This will effectively deliver patient records in a consistent and real-time manner, only to be accessed via a smart contract after patient authorization. Timicoin’s Health Information Exchange will provide an optimized environment where health data is structured and secured, leading to better data utility and improved patient care outcome.
Healthcare information is a lucrative target for hackers 9 . Due to the centralized nature of electronic health records, data can be easily hacked 3 . The rise in adoption rates of these technologies, as noted by the Department of Health and Human Services, increases the potential security risks 10 .Lack of security for patient records can lead to legal and financial consequences that jeopardize patient care, proprietary practices, and competitive advantages 3 . Data anonymity secures patient records, by removing certain identifiable information and only providing partial data 3 . This process de-identifies the patient, maintaining a HIPAA compliant environment and providing valuable resources to institutions for better patient therapies, medication research, and overall patient outcome. Timicoin’s blockchain network never reveals the patient’s identity. Instead, it uses a unique identifier to distinguish between patients. When anyone requests data from the network, the patient is notified via the TimiPatient App. The patient grants the permission to use their data, without revealing their identity. Without confirmation, the data on the network is encrypted and cannot be accessed. Health data demands heavy storage and bandwidth requirements for numerous documents and large images. Requiring a blockchain to distribute data for every patient among all members on the blockchain would deem impossible from a data storage perspective. The healthcare industry needs a blockchain solution that serves as an access-control manager for health data 6 .
💖Learn more about Timicoin: https://www.timicoin.io/ ✍️Wheres Your DNA? Sign the Petition! https://www.amtvmedia.com/timi-dna/ *Download the apps: https://www.TIMIDNA.com In today’s video, Christopher Greene interviews former UFC Middleweight Champion of the World Michael Bisping and Founder of TimiCoin / TimiHealth Will Lowe. 🔑Learn about Blockchain! http://www.BitcoinRich.com Twitter: https://twitter.com/amtvmedia Facebook: https://www.facebook.com/amtvmedia