Figure 6 Smart contracts for healthcare reimbursement Figure 6 Smart contracts

Figure 6 smart contracts for healthcare reimbursement

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Figure 6. Smart contracts for healthcare reimbursement. Figure 6. Smart contracts for healthcare reimbursement. 5.2.5. Ethereum-Based Smart Contracts for Clinical Trials Providing drug and medical device manufacturers with a simpler and more cost-e ff ective alternative to the current recruitment of clinical trials, which often requires considerable expenses to buy patient contact information from independent data providers and to execute comprehensive pull-marketing campaigns. The main goal is to allow users to run clinical trial-related smart contracts on an Ethereum network resulting in safer medicines and increased public interest in medical research. In this process, we will handle metadata, including protocol registration, preset study details, screening and enrollment logs via smart contracts. A pharmaceutical company looks for metadata stored on the Ethereum blockchain to identify potential patients for inclusion in clinical trials as shown in Figure 7 . The organization then sends a message to selected patients, including an application to read access to their medical records, including any relevant results from the laboratory study. If the patient allows access, a pharmaceutical company bill would be processed via smart contracts, awarding part of the received fee to the patient, and another section to the labs that reported the appropriate test results for the patient. Electronics 2020 , 9 , x FOR PEER REVIEW 12 of 23 The automated process of prior authorization would result in significant cost savings for payers, which currently spends substantial amounts on manually reviewing and responding to requests. Doctors will be able to proceed quickly with treatment instead of having to stop the care of their patient while waiting for the payer’s response. Furthermore, patients will be spared concerned as to whether their insurance will cover the treatment recommended by their doctor. With immediately available prior authorization information, doctors and patients can work together easily with a care plan tailored specifically to the needs of the patient and the appropriate insurance coverage. 5.2.5. Ethereum-Based Smart Contracts for Clinical Trials Providing drug and medical device manufacturers with a simpler and more cost-effective alternative to the current recruitment of clinical trials, which often requires considerable expenses to buy patient contact information from independent data providers and to execute comprehensive pull-marketing campaigns. The main goal is to allow users to run clinical trial-related smart contracts on an Ethereum network resulting in safer medicines and increased public interest in medical research. In this process, we will handle metadata, including protocol registration, preset study details, screening and enrollment logs via smart contracts.
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