Tag: Healthcare Information Technology

Explore the raising impact of blockchain technology in healthcare. The current healthcare information technology holds data in centralized locations.

How Artificial Intelligence Will Affect Health Care In The Future?

Artificial intelligence could expand reach and efficiency of the healthcare system worldwide

Neil Jacobstien, chairman of AI (Artificial Intelligence) and Robotics Track at Singular University, says artificial intelligence makes things humans couldn’t do before possible. He adds that AI has the ability to deliver billions of dollars worth of value and real help to clinicians in the healthcare industry.

AI has already entered the medical industry; it is being deployed in predictive analytics in patient monitoring devices, drug discovery, oncology, imaging, etc.

With increasing computing power and advances in machine learning and analytical algorithms, AI systems will become more powerful and effective in performance, revolutionizing medical diagnostics, treatment and research.

AI is expected to be useful in many areas of the healthcare industry.
Uses of AI technology in the healthcare industry

There are many ways AI will help the healthcare industry. Here are some of the most significant ways artificial intelligence is shaping the future of health care:

Enhanced diagnostic procedures

There are many diagnostic procedures in the medical industry that still depend on the collection of tissue samples. These existing procedures present the risks inherent to all invasive procedures. According to medical experts, AI technology may soon replace the requirement of biological tissue samples for diagnoses. It may give technicians the ability to identify and characterize tumours through image-based diagnostics.

Ideally, AI technology in the future, may enable specialists to collect the same detailed information collected from real tissue samples. For instance, with malignant tumours, AI will give specialists the ability to understand how an entire tumour affects a patient.  

Introduction of brain-computer interfaces

Computers have long been used for communication. However, scientists are searching for ways to create direct interfaces between computers and the human brain, which will significantly benefit patients. In the cases of accidents and neurological diseases, patients often lose their ability to speak, interact and move. AI-enabled brain-computer interfaces could potentially restore these abilities efficiently and in a meaningful way.

Physicians are also expecting that it will enable injured or ill patients to quickly restore their functionality. AI-based brain-computer interfaces may allow researchers to decipher the neural activities related to physical functions, helping afflicted patients to communicate immediately.

Decreased cost of care-giving

According to the management consulting company, Accenture, AI could provide healthcare organizations an annual savings of $150 billion by 2026. This revolutionary and smart technology has the ability to give health care firms the power to utilize the information generated by progressively connected information networks and medical devices. AI could help organizations cut costs and improve treatment outcomes significantly while lowering operational expenses.

According to Global management consultancy McKinsey & Company, potential annual savings of AI in healthcare is expected to be $300 billion USD (United Sates Dollar) in the United States and £3.3 billion in the United Kingdom.  

AI, through robotics, will reduce healthcare costs and increase performance.
Robotics in the healthcare industry

The increasing growth of digital information and big data systems present artificial intelligence a potentially crucial resource for collecting and extracting meaningful insight from increasingly smarter health care data networks.

In the near future, diagnostic technicians and wellness and lifestyle consultants may be able to leverage AI and wearable devices to optimize their medical services and improve treatment outcomes. As AI technology matures, it will improve the treatment outcomes and the operational efficiency of care, while decreasing the overall cost.

Automation of repetitive tasks

Health care firms constantly look for different ways to improve community health, and they also keep investigating the possibilities of AI implementation in many lucrative ways. Eventually, AI programs will enable organizations to discover new correlations among huge amounts of data. AI technology will allow health care organizations to automate their routine repetitive tasks and streamline their operations in various ways.  

It will improve the ability of care providers to deliver faster, more accurate and more precise services. Hospitals and devices will be generating and using an enormous amount of valuable and useful patient information at a surprisingly fast speed and accuracy.

Final words — Other potential benefits of AI

AI technology will solve one of the major roadblocks of the systems used in the healthcare industry. Advanced AI systems that can communicate with patients and make accurate diagnoses at the screening process will enable the growth of their availability and space.

In the future, AI technology is going to introduce hybrid models to be used in the medical industry. These models will aid technicians in diagnoses, treatment planning and identifying risk factors while retaining responsibilities for the patient’s care. It will result in faster adoption by healthcare providers by mitigating potential risks and start delivering measurable improvements in patient outcomes and operational efficiency at scale.

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How Blockchain Smart Contracts Can Be Used for Healthcare

Blockchain continues to generate buzz within the health sector, and one particular application in the form of smart contracts, is now eyed as an innovation that can push the industry forward. Among its features, blockchain’s decentralized verification model is one of the most valuable. The industry can use it to deploy blockchain smart contracts, a type of decentralized contract that verifies, adjudicates, and executes itself.

Previously, payers and institutions were required to go through numerous transactions, processing and verification systems. For example, a person asking for insurance coverage might need a lawyer to negotiate a contract, making the execution of the contract cumbersome and expensive. And in the case of disputes, third parties are necessary to ensure fairness. Sometimes, people even feel the need to verify if a third party is qualified to adjudicate.

But with smart contracts, there is no third party. The terms of the contract are set and secured within the blockchain network, with the network itself acting as the ledger. When the contract’s terms are fulfilled, the terms will be executed.

This kind of technology is crucial in an industry such as healthcare, which has complex relationships with various agents. As healthcare processes are interconnected with banks, governments, legal institutions, and individual payers, executing contracts are often complicated. By using smart contracts, the whole transaction process is streamlined and simplified. This includes payment processing, claims adjudication, and other processes that typically require lawyers and months of waiting. Being able to consolidate these processes will improve the healthcare provider’s revenue performance and remittance. It will also mean fewer lawsuits and headaches.

Hospitals around the world are now seeing the benefits of blockchain smart contracts. Taipei Medical University Hospital recently launched an online blockchain-based healthcare platform that stores medical records, referrals, and other processes using smart contracts. Their system has become particularly effective in improving inter-hospital transfers and referral requests. This is similar to MedicalChain’s technology which was previously discussed on Blockchain Healthcare Review. Change’s Intelligent Healthcare Network and TIBCO’s recent collaboration, Project Dovetail, is also aiming to create an industry standard in healthcare smart contracts.

At the same time, healthcare institutions are now heading towards automation and more advanced security measures. This is due to the fact that the medical industry is a prime target for hackers. In fact, after the Erie County Medical Center in Buffalo was hacked for 6 weeks, more hospitals have been proactive in terms of cybersecurity. IT professionals and cybersecurity managers are being hired to keep their data infrastructure as secure and updated as possible. This results in an increasing demand for healthcare administrators and managers that can rise to the challenges. Maryville University suggests that nowadays technical expertise is a skill that is very sought after by healthcare organizations in the US and across the world. Special skills such as proficiency in blockchain-based verification and consolidating data streams are necessary for a successful systems upgrade. Having personnel who are well versed in blockchain can also increase efficiency, as their familiarity with the technology allows them to facilitate faster information exchanges. One scenario could be having all of a doctor’s patient records stored in a single secure digital ledger, which can be quickly opened when needed.

While it may take some time before blockchain smart contracts can achieve industry-wide acceptance, they have already started to gain traction. In the meantime, the healthcare industry should consider preparing its workforce for more disruption.

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MediChain: a public blockchain medical information network

Blockchain technology is much broader than its application in cryptocurrency and Bitcoin. This technology depends and could not have been developed without large-scale cloud technology. In any kind of transaction system, the technology creates immutable data records of each transaction are distributed to all contributors to the network. In other words,

    • Every transaction is recorded in a way that no one can modify it or delete it.
    • Then all the transaction records become instantly available to all peer networked data system.
    • All clients of the system so that no one can doubt or question that a transaction took place and the nature and value of the transaction.

The financial sector has been the first to recognize the value of blockchain technology. Blockchain financial services are quickly growing, raising billions of capital dollars a year.

Data security

Blockchain goes beyond ordinary data encryption.

  • As each transaction proceeds and the details of the medical information are confirmed, the data is encoded into a block of digital data and uniquely signed or identified.
  • Each block is “chained” to the one before it and after it creating an irreversible and unmodified sequence.
  • Blocks are chained together, preventing any block from being altered, or a block from being inserted between existing blocks.
  • Then the chains of blocks create a shared system of records, already locked in place, among members of the network. This eliminated the need (or even the ability) to reconcile disparate ledgers or records.

MediChain- Medical Big-Data Platform

MediChain

MediChain leverages blockchain to store pointers and rules on usage and anonymity for data that is stored off-chain in a compliant cloud. This allows patients, doctors, and hospitals the ability to access their data at any time. Moreover, it allows other doctors and hospitals to access selected parts of the data.

Benefits of the MediChain innovative architecture:

  • Fast access and small downloads to make it practical for everyday medical use.
  • The protocol is based on smart cards, Homomorphic encrypted access rules tables, json data formats, lightweight and strong cryptography and blockchain technology
  • Enhanced transparency and reliability in medical data exchange at every level

Since systems can work with the almost universal and open json format, The MediChain protocol  improves patient data sharing and availability anywhere in the world.

Blockchain in healthcare

What distinguishes blockchain healthcare systems from other health service networks is the records in the blockchain network are universally distributed to all stakeholders. Managers and stars in the network are not favored. Considering the vast amount of medical data that is being collected with new medical digital electronics and wearable devices, the blockchain era is already started. Hyperledger, the open source umbrella of bitcoin development, does regular surveys of public attitudes.

  • The last Hyperledger survey found that the technology is not universally accepted in the healthcare industry.
    Less than half (42.9 percent) of healthcare organizations agree that interoperability of electronic health records will help to speed blockchain implementation.
  • Only 28.6 percent of healthcare organizations are ready to use this technology in health care settings today.

The main reason why medical organizations hesitate to use blockchain technology is the lack of understanding. At least a quarter of organization leaders are still educating themselves and exploring the ideas. Healthcare providers are insecure and before they can’t make commitments for their industry.

  • A large majority (65.4 percent) want a technical proof of concept.
  • More than a third (38.5 percent) want proof that the systems are really secure and (35.6 percent) want proof that the data is kept private.
  • Nearly a quarter (23.1 percent) of healthcare organizations want more proof that blockchain systems can meet regulatory approval.

As the actual number of patients using the healthcare system rises and the number of data variables stored on a regular basis increases, healthcare providers have to manage huge storage issues every day. The data volume increases each year. Hospitals and clinics find it harder to process and store information from patient health information, electronic health records, (more recently) data from IoT devices and monitoring systems, and (significantly) medical insurance claim information.

A big and increasingly strident issue is the security and correctness of healthcare data. A means of verifying that data is correct is crucial for ensuring proper medical services.

  • One of the big advantages of blockchain is data integrity.
  • Once information is recorded and encrypted it becomes impossible to change or remove it.
  • One approach to blockchain for secure recording and sharing of information is the anchoring of data to the public blockchain.
  • This allows users to verify the integrity of public health records.
  • Professionals can perform medical audits and present results which cannot be altered or changed.
  • The expense of audits can be reduced.
  • Regulatory compliance can be assured.
  • Data safety can be ensured as well.
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UnityPoint Health Systems faced cyber attacks – how blockchain can help

In August, as many as 1.4 million patient records were compromised at UnityPoint Health Systems when an email phishing scam breached the provider’s network. This was the second of two cyber attacks on the Iowa-based health provider, with clinics and hospitals in Iowa, Wisconsin and Chicago.

The first attack was discovered in April and compromised more than 16,000 health records. The attack may have been found a full four months after the provider’s network had already been compromised. Employees rushed to change passwords, but another series of email phishing attacks loomed.

Email phishing scams, in this case, mean the contact or employee received an email that mimicked a legitimate contractor, vendor or company.

These types of cleverly-disguised emails may include an access link giving the hacker carte blanche with the system. The phishing email may also encourage the contact to update their information. The better phishing emails sometimes appear to come from a vendor that the contact has already worked with or is working with, which makes it more likely that the contact will share requested information.

A spokesperson for UnityPoint Health Systems explained that the cyber attacks were probably aimed at vendor accounts—an attempt to redirect payments or payroll—and not patient records. Despite this, the attacks compromised names, social security numbers, banking information and more.

The sheer number of compromised files after the second series of attacks—equal to more than one-fifth of the Wisconsin state population—prompted the state’s attorney general to recommend credit freezes on compromised health accounts, and a class action lawsuit has already, allegedly, been levied against UnityPoint Health Systems.

The Outlook for UnityPoint Health Systems

The Office of Civil Rights has yet to weigh in on UnityPoint Health System’s possible HIPAA violations, but if recent fines are any indication, the health provider may be in trouble.

Earlier this year, Fresenius Medical Care North America was fined $3.5 million when an OCR investigation revealed that the provider or related covered entities had not performed thorough risk analyses to expose ePHI vulnerabilities. These fines were levied despite no evidence of a breach and following an OCR investigation that took place in 2013.

In summary, and in relation to UnityPoint Health Systems, HIPAA compliance calls for weighing the strength of cybersecurity and physical security protocols against threats to client data, this includes the way employees and business associates handle, access, or store PHI and ePHI. HIPAA also calls for compliance documentation, and encryption is part of the Security Rule—45 CFR 164.304. There is no specific wording in HIPAA regarding email phishing scams, but past fines for phishing compromises fell under 164.308, a section that outlines the responsibility of covered entities to provide security awareness training.

THE HIPAA PENALTY BREAKDOWN

Tier 1: The covered entity is unaware of the violation, and the violation could not have been reasonably avoided–PENALTY: $100 per violation up to $50,000.

Tier 2: The covered entity should have been aware of the violation, and the violation is deemed preventable—PENALTY: $1,000 per violation up to $50,000.

Tier 3: The covered entity demonstrates compliance neglect, but shows efforts to bring the flagged issues into compliance—PENALTY: $10,000 per violation up to $50,000.

Tier 4: The covered entity demonstrates compliance neglect, but shows no effort to bring the flagged issues into compliance—PENALTY: $50,000 per violation.

So far, no money has changed hands in the reported civil suit filed against UnityPoint Health Systems.

However, OCR has already issued more than $24 million in HIPAA fines to other covered entities, and it is only October. At the close of 2017, total fines stood at just over $20 million, and at the close of 2015, HIPAA fines stood at just $6.1 million. When the OCR issues fines for HIPAA violations, these fines are per violation and per day that the violation was active, and the fines can reach back years.

A recent round of OCR audits revealed that almost 85% of evaluated covered entities scored below tier 3 in risk. This equates to negligible and preventable violations, still commonplace more than 20 years after HIPAA implementation.

UnityPoint Health Systems has since reset passwords, utilized multi-factor authentication and enrolled employees in phishing education, but it may be too little too late.

According to a report released by McAfee Labs in March, the health care industry is the number one target for hackers. In fact, cyber attacks grew by more than 200 percent in 2017 over the previous year, and 2018 is gearing up to top last year.

How blockchain can help

Guardtime is a production example that utilizes blockchain technology to secure data. Instead of utilizing verification keys, they instead distribute data to a decentralized set of nodes where the system routinely compares metadata packets. If any end up not aligning, they are excluded. As a result the only way to alter data distributed on the nodes is to alter the blockchain itself by destroying all the nodes. The advantage of this is that if just one node with accurate data remains online after countermeasures defeat the attack, the entire system can be restored.

Guardtime’s system detects changes to data and is subsequently constantly verifying the changes. These types of measures ensure minimal weak ‘links in the chain’ i.e. tampering with the ledgers contained in the blocks, thus the data remains uncompromised.

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Security Risks in Medical IoT Devices – MEDJACK Malware Review

Devices on the Internet of Things are a weak point in many networks. Too often, they have outdated operating systems and poor security protection. IT administrators can’t get at their internals. Deploying insecure devices in healthcare systems can produce especially damaging consequences. Health-related data is a prime target, and the legal penalties for failing to protect personal health information are severe. An infected device may not function properly, putting patients’ health and even lives at risk.

Current risks of medical IoT devices:

    • With the number of IoT devices growing from millions to 100s of millions centralized processes cannot scale​
    • Current processes are vulnerable to variety of threats.

Attacks on devices through MEDJACK

The MEDJACK attack provides a case in point. It’s a set of malware tools that target medical devices. MEDJACK takes advantage of weaknesses in older operating systems which are embedded in devices. They include Windows XP, 2000, and Server 2003, as well as some Linux distributions. It has gone through several revisions, each time devising new ways to bypass defenses.

It follows the “command and control” model, where it installs malware in a device which then sends data to a server that belongs to the attacker. The aim is to exfiltrate confidential data on the patient or the provider. Such data has high resale value. The devices serve as a pivot point from which the malware can reach other systems on the network.

The difficulties in defending against MEDJACK

Several factors make it difficult to detect and defend against these attacks. The devices are usually black boxes to the IT department. There often is no way to connect a console to them. Installing anti-malware software is difficult. Even if there is a way to do it, it may be inadvisable, since it would modify the behavior of an FDA-certified device. If a desktop computer stops running properly because of security software, it’s a nuisance that can be fixed. If a lifesaving device has the same problem, the consequences could be much worse.

As a result, the IT department is dependent on the manufacturer to issue security patches. Some manufacturers are slow at this. Some are reluctant to update certified devices, even though the FDA has issued guidelines stating that security patches don’t require re-certification of the device.

TrapX report – a case of malicious penetration

TrapX’s report, “Anatomy of an Attack,” describes three breaches that resulted from MEDJACK. They are similar in many ways, and a detailed look at the first will be informative.

A hospital, not named in the study, experienced several security alerts. The point of penetration was three blood gas analyzers, which had been breached in separate attacks. They had set up backdoors in the local network and were sending hospital data to a server in Europe. The amount of data stolen is uncertain, but there clearly was a breach.

After gaining a foothold in the devices, the attack used malware such as Zeus and Citadel to find passwords to other systems. The devices stored their data without encryption, simplifying the acquisition of confidential information.

Blood gas analyzers are used for critical treatment. They can’t simply be pulled out of service. Remedying the malware problem, even when it is known, is a difficult task.

The hospital had respectable network security. It had a firewall, heuristic intrusion detection, endpoint security, and antivirus software. These were insufficient to prevent intrusion because the devices had antiquated operating systems and because it was impossible to install security software on them.

TrapX concluded that the attackers could have not only stolen data but modified internal data. While the report doesn’t indicate that malicious modifications occurred, a similar attack could make devices produce false data on patients. That could lead to deadly errors in treatment.

Benefits of blockchain integration

Manufacturers using enabled blockchains can construct authorization/authentication databases. The QBRICS enterprise platform presents a unique example of an integrated blockchain solution. QBRICS proposes that authorization/authentication databases be propagated to read-only permission blockchain databases downstream using proprietary transmission protocols​. A plugin provided by the blockchain platform on IoT devices would then authenticate using the most proximate database. Fully deployed, relevant data from inventory, operational analytics (usage), marketing perspective would be readily accessible for consumption by business intelligence tools.The complete solution would provide:

    • No rogue devices (stolen devices, unauthorized vendors etc)​
    • Near-universal availability of device information (including software and hardware)​
    • Device movement and location information​
    • Device usage information ​
    • Device software upgrades easier (as targets easily identified, maintenance becomes easier)​

Conclusion

As this case shows, IoT-based attacks are difficult to prevent and detect. Several actions, however, can reduce the risk:

  • Take security features into account when selecting devices, when information on them is available.
  • Keep IoT devices on a separate subnetwork which doesn’t have access to critical information.
  • Use firewalls to strictly limit inbound and outbound access to IoT devices.
  • Run frequent security scans for any signs of infection.
  • Doing without the devices is rarely an option. The only alternative is to give extra attention to their security.

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Blockchain Meets Healthcare with “HealthChainHack”

Blockchain Meets Healthcare with “HealthChainHack”

BlockTEST Announces Hackathon, Collaboration Across Technology and Healthcare Industries

CAMBRIDGE, MA: BlockTEST, a blockchain services startup founded on the MIT campus, announced that they will be hosting the upcoming hackathon, HealthChainHack. HealthChainHack is a virtual blockchain hackathon aiming to translate academic research into pharmaceutical advancement by bringing together coders and key healthcare players worldwide for a two-month coding camp. HealthChainHack will kick off at the close of Unblock the Blockchain, a one-day blockchain and healthcare summit on September 22nd, 2018, and run until winners are announced on November 17th
,
2018. Participants are challenged to develop a blockchain platform prototype to address an actual use case in the healthcare industry. Solutions developed through HealthChainHack are hoped to become the first proven-of-concept blockchain projects to be implemented at scale in the healthcare industry. HealthChainHack’s total prize pool, to be awarded at various points over HealthChainHack’s two-month timeline, adds up to over $262,000. Google, a confirmed sponsor for the event, has committed $100,000 in cloud credits as a prize for hackathon winners, plus $3,000 in cloud credits awarded to the first 50 qualified submissions. Additional prizes include access to Google Cloud’s startup program and three months free startup incubation at Cambridge’s Z-Park Innovation Center. Hackathon winners will be chosen through the combined assessments of an advisory judging panel and an objective evaluation by BlockTEST’s patented testnet.

In part, HealthChainHack will serve as the unveiling of said testnet, which BlockTEST developed to provide quantitative analysis on blockchain projects. Users will submit their code to the testnet, and receive in return evaluations on their blockchain solution, displayed upon a matrix of measures, such as performance, security, privacy, and consensus mechanisms. BlockTEST will further provide mentors, webinars, and demos over the course of HealthChainHack to guide participants through the competition.

Sponsors for HealthChainHack, including Google, XtalPi, NEO and Oasis Labs, have committed over $300,000 to the event. BlockTEST co-founder Jennifer Jiang said, “HealthChainHack is an incredible opportunity to link an international network of blockchain developers with high-profile academia, mentors, sponsors, investors, and employers with first-hand insights into industry needs. Through HealthChainHack, we hope to provide a prototype structure for a future global blockchain ecosystem that connects the key players in the drug R&D value chain, to facilitate a holistic, integrative and
traceable data sharing system, and ultimately to expedite pharmaceutical discovery and development.”

About BlockTEST, LLC: BlockTEST is a technical due diligence company for the world’s blockchain technologies. At BlockTEST, we collect and analyze blockchain data so that you can have the information you need at your fingertips. Using our intelligent testnet, we demystify complex blockchain projects and present timely information with strategic insights to solve problems and unlock new opportunities. We are obsessively passionate about blockchain technology, and our mission is to empower people to adopt it with ease.

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iXledger – Peer to Peer Blockchain-based Insurance Solutions

Blockchain is a radical new technology that creates a distributed ledger that is verifiable between two parties and does not require an intermediate third party. It is quickly having a profound impact on a number of industries, especially in finance and healthcare. In fact, the first killer application of the blockchain was Bitcoin, a digital money. Healthcare insurance is a logical next step because it combines the properties of verifiable financial transactions, and the intense demand for solutions in this sector. Fortunately, iXledger has emerged to create a new platform for consumer health insurance on the blockchain. The firm has created a substantial new system that could be a game changer.

ixledger

Overview

iXledger serves primarily as a transparent platform for buying insurance and verifying insurance information. For consumers, the blockchain record is an extremely useful feature that has no comparison. This platform allows others to use the blockchain to verify all of your insurance information including:

  • Name of the Insured Person, Group or Asset
  • The insurance company registration number
  • Registered insurance products
  • Policy inception date
  • Policy status

This data, which the user will have complete discretion over, is instrumental and is commonly required. However, most people were not able to easily prove their status in the past without having a inconvenient and unreliable card.

The process is fairly simple. The user first signs up and completes an assessment of what they need. They include all of their background information and finally submit it for various insurance offers. The client receives quotes and chooses the one that most fits their needs. They finally make the payment and complete the order. The insurance policy is now in place.

Potential Adopters

Accessing Medical Care

First and foremost, iXledger’s primary benefit is for individuals to easily prove acquire and demonstrate electronically that they have insurance as soon as they enter a medical clinic. When they walk in, they can produce the QR code or iXledger link that proves the insurance they already have. The clinic simply scans the code or clicks the link and receives the 100% proof of the insured contract.

The patient is no longer sitting and waiting to see if the clinic can find the healthcare or if it meets the standards. All of that information is already stored and ready for delivery. That reduces stress, smooths the payment process and makes life easier for everyone.

Home Refinancing

Many consumers seek to refinance their homes. However, in order to get a great rate and convince the bank they are worthy borrower, they must prove they have sufficient insurance in case anything happens. The iXledger platform quickly proves this insurance coverage. Consumers do not have to go back and forth between the bank and insurance firm with different documents. Rather, they can simply point to the iXledger platform for all of the data required.

Professional Driver Applicant

There are millions of professional drivers around the world. These individuals drive cabs, buses, private cars, trucks, motorcycles and many other types of vehicles. However, when they are applying for a new job, the hiring manager often wants to see that the vehicle is insured for cargo. At the very least, every person needs to be insured for accidents.

Using iXledger, drivers can simply point their potential employers or contractors to the site. All of the data will be there and will be completely fraud-proof. Employers will have more confidence in their drivers and will be more willing to hire them quickly.

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The power of health data needs to be unleashed!

The biggest benefits of distributed ledger technology are touted to be benefits of cost, time and risk across clinical trial records, regulatory compliance and health records. Arguably, the behemoth among them is health data. As early as 2014, a report out of the University of Iowa’s Carver College of Medicine suggested that by 2020, medical data is expected to double every 73 days.

The complexities surrounding health data stem firstly from the multiple sources that feed into the data silo. Accumulating the data into a single enterprise data warehouse would allow users to curate and utilize the breadth of the data for what it is worth. A recent WHO report stated that there will be over 2 billion people over the age of 60 by 2050. Statistics such as this compound the importance of being able to harness the hidden insights which reside in the wealth of health data out there. The relevance of big data has been reported within the pharmaceutical industry, the biotech industry and also within the insurance and academic sectors. The second complexity revolves around the changing face of healthcare practices and methodologies coupled with a constant outflow of data. A steady rise in evidence based research has upended several widely held medical beliefs and ideas. The third challenge is the unstructured and often sequestered data structure that exists within healthcare. But, perhaps the trickiest steeple in the hurdle to the finish line is the ever-evolving regulatory framework. There is no denying the vastness of the health data landscape. Times are changing however and we now see a shift from big data to seemingly smart data. The conundrum facing most healthcare companies is volume, veracity and vulnerability of the data.

Increasingly, the South Pacific region is becoming an attractive part of the world for the emergence of novel and exciting blockchain technology. A general sense of optimism is palpable in the region with several companies anchoring their work out of hubs such as Australia and New Zealand. Over the past year, there have been a growing number of blockchain launches involving New Zealand based firms such as Blockchain Lab, together helping to raise over NZ$140 million through ICOs. While the bulk of these launches have been in the banking, financial services and insurance sectors, there is one kiwi company that is looking to change the business of healthcare altogether. Introducing HealthDex.

I sat down with Dr. Mohsin Chaudhry, a medical doctor who is also the co-founder and CEO of HealthDex. Having been introduced to distributed ledger technology in 2016, Dr. Chaudhry soon discovered that his true passion lay with utilizing technology for the betterment of the health sector. He founded HealthDex in 2017 and since then has been on a journey of learning and liberation.

“The background to HealthDex is built upon the rapidly increasing volume of health data around the world. The main silos of data that we are looking at are clinical health records, genomics data, health IoT data and insurance claims data”.

He says that there are two fundamental problems within the health data ecosystem. “Disruption, is the name of the game. The power of health data needs to be unleashed” “For every incumbent health data vendor and healthcare company, there is a whole new generation of disruptor companies coming along. The likes of Luna DNA are Nebula Genomics are disrupting existing companies like 23andMe”.

The new crop of blockchain driven data vendors are looking to disintermediate the traditional business model of data service, which begins with collecting the data, curating it and then selling it to buyers at inflated prices. He expressed concern over the breaches of privacy that have become ever more prevalent in recent times. “As the data volume starts to grow, the security surrounding individual privacy becomes unsustainable” he says.

Currently, there are dozens of blockchain health data vendors operating in various regions at different capacities. While most of these vendors’ business models are consumer facing, Mohsin notes that they are “either half-way decentralized or are promising a decentralized model down the line”. This is where HealthDex comes in. The lack of a devoted health data blockchain platform to suit their needs is one of the big lacunae HealthDex hopes to fill.

Secondly, the existing vendors and consumers are ring fenced and are unable to search, connect, test and seamlessly transfer data across their boundaries. “HealthDex aims to fix this problem by taking up the role of an Amazon of health data, if you will”. In essence, the first major value proposition is to offer HealthDex in a Platform-as-a-service model, offering all the layers of data service that consumers look for, whilst tailoring the service to suit their unique demands such as GDPR compliance and HIPAA compliance. An enterprise level marketplace is the second critical value proposition. In contrast to the existing consumer facing models, HealthDex pitches itself as a B2B enterprise based business, whose incentive is structured upon on-boarding market-place participants, including data curators.

“We are creating the infrastructure where everyone can trade and exchange”. He emphasizes the importance of blockchain technology to the value propositions offered by HealthDex. “Being a public blockchain, we need a community of nodes that act as storage nodes as well as those that provide CPU and GPU power for the computational verification of transactions and the decentralized AI that HealthDex is working towards”. He adds that “dynamic data vending such as that involved in healthcare would traditionally require some sort of transaction arrangement between merchant and vendor, however blockchain eliminates the need for friction of this nature, instantaneous transactions are essentially what we are looking at offering”.

“HealthDex is being constructed as a public blockchain, however there is a possibility of incorporating permissioned nodes within the framework”, says Mohsin, emphasizing his strong advocacy for decentralization and the mission statement behind it. The infrastructure that goes into HealthDex begins with an IPFS decentralized storage layer, where the data is held in an encrypted format. The second layer built on top is the data curation layer, HealthDexDB which is uniquely tailored to provide data to the vendors. The encrypted data within the decentralized storage layer is linked up to the front end of the platform through a smart contract driven public blockchain that forms the next layer. The last layer is topped off  by the front end which provided the interface for the HealthDex marketplace and the DApps that will eventually go along with it.

The growing maturation of the blockchain technology coupled with a greater tolerance and understanding for the importance of regulatory interventions to ensure longevity of the technology makes this a very exciting time to introduce HealthDex into the market, says Mohsin.

“Our revenue model is not centered around analyzing or curating big health data, instead it is to provide a platform, something between Amazon and a cryptocurrency exchange is what we are looking to create”. He says that the bulk of the revenue from HealthDex would be relayed to the consumer and the data custodian who run the DApps upon the HealthDex platform. “we would aim to take a clip of that revenue ticket for providing the platform and the technical infrastructure to sustainably monetize the data”.

Mohsin is upbeat and excited about the market plan for HealthDex. Various strategies have been employed by the company to on-board clients into the HealthDex platform, with traction growing and competition weaning away. The company is currently in post-seed fund stage and are partnering with three TGE launch providers to kickstart the TGE marketing campaign. “The MVP is nearing completion, along with the technical whitepaper”. HealthDex is aiming at a pre-sale event within the next couple of months, followed by a mainsale component of the TGE, ultimately focusing on a Mainnet launch in mid 2019.

Coming out of the fertile innovation ecosystem in New Zealand, the founders of HealthDex are poised to shake up the business of health data collection and distribution. “A lack of financial and human capital are probably the biggest obstacles facing New Zealand start-ups”, says Mohsin. That being said, HealthDex is on its way to laying the tall poppy to rest.

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Second Annual Healthcare Blockchain Summit To Be Held on June 11-12 in Boston

The Second Annual Healthcare Blockchain Summit, organized by The Center for Business Innovation (TCBI) and Krysalis Labs, will be held in Boston on June 11-12, 2018. Blockchain technology is poised to transform healthcare services and business models. Summit attendees will learn how to implement pilot projects and applications that improve quality, reduce the cost of healthcare services and clinical trials, promote interoperability, enhance security and enable vastly extended capabilities for tracking patient behaviors and integrating care in increasingly complex provider networks. The audience for the Summit includes healthcare providers, payers, technology companies, financiers, universities and government agencies.

Key topics to be covered include:

    • Blockchain innovation in healthcare services and its role in facilitating care coordination, patient engagement and population health management
    • How blockchain technologies can be used to promote payer provider collaboration
    • An organizing framework to understand the continuum of centralization/decentralization options in healthcare that are available through the use of blockchain technologies
    • Strategies for accelerating the development of a blockchain ecosystem
    • Blockchain applications for privacy and security
    • Using blockchain to facilitate health information exchange and interoperability
    • Blockchain applications for healthcare data management
    • Blockchain applications for health science research
  • The current state and future direction of initial coin offerings

The Summit features over 40 speakers, including:

John Bass, Founder & CEO, Hashed Health

Christian Catalini, PhD, Fred Kayne (1960) Career Development Professor of Entrepreneurship & Assistant Professor of Technological Innovation, Entrepreneurship, and Strategic Management, MIT Sloan School of Management

Kyle Culver, Solution Architect, Humana

Aymen Elfiky, MD, MSc, MBA, Instructor, Medical Oncology, Dana-Farber Cancer Institute & Instructor, Medicine, Harvard Medical School
Lorraine Frias, Senior Director of Strategic Initiatives – Blockchain, Advanced Technology Collaborative, Optum
Gary L. Gottlieb, MD, MBA, Chief Executive Officer, Partners In Health & Professor of Psychiatry, Harvard Medical School
John D. Halamka, MD, MS, Chief Information Officer, Beth Israel Deaconess Medical Center & Chief Information Officer and Dean for Technology, Harvard Medical School

  • Vince Kuraitis JD, MBA, Principal, Better Health Technologies, LLC
  • John Moore, Founder & Managing Partner, Chilmark Research
  • Susan Ramonat, Founder & CEO, Spiritus Partners
  • Jody Ranck, DrPH, CEO, Krysalis Labs & Executive Vice President of Strategy, Ram Group
  • Neil Wasserman, PhD, Managing Partner, Timewave Analytics & Adjunct Professor, Computer Science, George Washington University

For additional information on the Summit and to register, please visit: http://tcbi.org/hcblockchainplatform/

This is a paid press release. Blockchain Healthcare Review does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Blockchain Healthcare Review is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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Are Blockchain and AI Technologies the Key to Healthy Skin?

While it may seem unlikely that the answer to your skincare woes could be a selfie scan on your smartphone, blockchain and AI trailblazer Opu Labs is now making it possible to improve skincare with their revolutionary mobile skincare platform.

Opu was founded to improve how the global skincare industry exchanges data, information, and rewards in a way that benefits patients, dermatologists, treatment centers, brand specialists, and product manufacturers. Within minutes of registering for their app and completing a simple facial scan, Opu’s technology allows consumers to receive a complimentary skin analysis. But, that’s just the tip of the iceberg.

While Opu’s technology is rooted in machine learning technology that analyzes, compares, and recommends skincare treatment solutions, the overall platform relies on blockchain technology to securely store user data, and is comprised of five core services that should disrupt the current market and yield a new skincare ecosystem:

Opu Labs Artificial Intelligence

proprietary AI technology that delivers treatment recommendations following a facial scan. It can identify and measure hyperpigmentation, redness, acne, wrinkles, and skin tone on any given facial image. The AI also includes a prediction engine which forecasts skin quality after treatment, and users can further measure their treatment progress. When users hit their targets, they can even earn Opu Coin rewards (mentioned below). An upcoming version of the technology will soon allow for skin scoring on other parts of the body, as well.

Opu Search

A search platform that provides treatment information from consumer skincare service providers and eCommerce partners. With unique parsing and crawling techniques, Opu’s recommendation engine learns from queries generated by users and analyzes individual user preferences based on their search history and skin condition to recommend relevant products. Product companies (and the dermatologists that recommend them) are already jumping at the opportunity to become part of this search platform.

Opu Coin (OPU) and Opu Blockchain TechnologyOpu CRM: A complete customer management tool designed specifically to meet the needs of skincare patients and professionals. The CRM manages real-time feedback and patient queries, allowing experts to review them, create treatment plans, schedule and even hold consultations. It is also features a blockchain-support medical record system, that ensures the secure exchange of patient data.

To realize their mission to improve global skincare, Opu has built a suite of other blockchain-based technologies and a token-based ecosystem that rewards its users—with the ‘Opu Coin.’ The coin is founded on (Ethereum) ERC223 tokens that will act as the base currency for the world skincare market and Opu loyalty programs. Opu Labs eventually intends to introduce Swarm—a native base layer service of the Ethereum web 3 stack. The primary goal of Swarm is to provide a sufficiently decentralized and redundant store of the Ethereum record; specifically, to store and distribute dapp code and data, as well as the blockchain data

Opu Connect

An opt-in service for product testing that can pool and collect opt-in user data for research and better, customer-centric solutions.

Opu’s opt-in research program also uses blockchain technology to store user data. All actions are stored as a pool of user data, anonymized and shared with Opu’s research partners. This technology also makes use of smart contracts to ensure that the consumer-owned data is only accessed by participating parties. Users have their actions stored as a feed within the storage blockchain when they interact with the platform. No data is stored in the block if the user does not explicitly opt-in to the program.

Collectively, this ecosystem offers an immutable, decentralized and transparent record of all transactions throughout the Opu platform, and enormous potential for plug-and-play opportunities with leading players in the skincare market.

While Blockchain and AI in the skincare industry may not yet be an exact science, Opu has already demonstrated incredible promise in the way they apply the intersection of these technologies, and soon to be released updates to their proprietary algorithms will pinpoint even better treatment solutions and product recommendations. The technology is also great news for the skincare brands themselves, as the skincare data collected by Opu drives new product innovations.

Interested? Get your free facial skincare analysis today and learn more about Opu Labs by visiting opu.ai.

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