Pharmeum: Blockchain and A.I. platform digital healthcare.

Healthcare has exploded with growth numerous times over the last few decades—technology additions such as EKG/EEGs, M.R.I./fMRI, robotic surgery options, and more have kept healthcare at the forefront of technological advancement. A new project, Pharmeum.io, is working toward a safer healthcare industry.

However, in these periods of explosive growth, many important things have been forgotten, such as refining the prescription process and the rest of the pharmaceutical supply chain.

How Pharmeum Prevents Human Error in Pharmacy

Pharmeum allows doctors, pharmacies, regulators, and patients to coexist in an ecosystem powered by honesty. Doctors’ prescription histories are available at will, as is the patient’s health history, to prevent incorrect medication or dosage instructions.

Pharmeum allows doctors to reduce their wasted effort and potential for incorrect diagnosis, treatment, and prescription assignment using tablets and laptops for medical record collection and dissemination and implementing a medication pad.

Pharmeum Roadmap

The Pharmeum roadmap highlights heavy reliance on technology that, once achieved, can help with predictive medical care by analyzing patient health history and evolving patterns and providing definite suitability of prescriptions and medication flows.

Building on the overlay mentioned above, Pharmeum is working to include an artificial intelligence aspect that will let them process patient history, family history, symptom information, and other data to create diagnoses earlier in case of a terminal illness. This both reduces costs and helps improve patient satisfaction and quality of life.

Time savings

We’ve all been caught in line at the pharmacy while they call our physician and verify the prescription, especially for regularly receiving treatments. Why does this process remain so complicated, wasting precious minutes and hours of our lives? Pharmeum seeks to resolve this issue with blockchain, writing review periods into smart prescription contracts to minimize the time individuals spend waiting on medication.

Other areas of healthcare that can receive efficiency increases include:

  • Health insurance claim
  • New patient intake
  • Medical questionnaires
  • Referral visits

Treatment accuracy

According to the British Medical Journal, 70 percent of medication-related treatment errors come from the prescribing process alone. Eighty percent of these could be reduced or eliminated with an efficient, digitized prescription system. Overall, medical error ranks third as a cause of death, accounting for over half as many deaths as cancer.

Cost reduction

N.H.S. hospitals in the U.S. spend 25 percent of their budget on administrative tasks—one-quarter of the total spending is ripe for disruption and offers enormous potential for cost reduction. Globally, the U.S. spends 20 percent of the entire G.D.P. on healthcare. Cost reduction in medical facilities can act to lower healthcare costs across the board. Other areas for cost reduction include early-stage diagnosis, prescription cost consistency, and time inefficiency for doctors.

According to Forbes, patients overpay for their medication by 23 percent.

Pharmeum Token Economics

Technology included in the Pharmeum blockchain includes zero-knowledge proofs, prescription tokens, medicine asset tokens, and PHRM tokens. Personally Identifiable Information (PII) will be stored off-chain, while non-PII will be stored on-chain for use with artificial intelligence and other factors.

PHRM tokens can pay for medical care, second opinions, medicine, and other beneficial healthcare expenses. Patients will receive PHRM tokens for sharing their healthcare data with other businesses—a more common model in the blockchain-based economies which are currently springing up around the globe.