New research has been published in Blockchain in Health Today Platform Approaches open access peer reviewed journal. Keep up to date and get an edge on innovation in the field. Explore why BHTY leads specialty journal leads the market. The deadline to submit your research, report, or editorial, is March 31, 2025. Upload your work to the submission portal here. Upload your work to
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Current Issue Highlights
Healthcare Futures: Opportunities, Challenges and Risks in a Blockchain-Driven Environment
Robert Goldberg, PhD, Peter J. Pitts, Jennifer Hinkel, MSc CHW FRSA
In light of recent news in the industry, escalating healthcare costs,
insurance denials, and more, this paper presents a particularly novel point of view that curtails current practices and cost, yet builds a new, fairer market for consideration.
Insurers and government funded health systems such as Medicare have tried to manage the short-term rise and fluctuations in health spending using approaches that reduce consumption of new therapies. Market participants try to lay off risk by managing the surge
and by imposing out-of-pocket costs, demanding rebates off the list price of medicines, and refusing to pay for new drugs altogether. Innovators face the same challenge as payers: how to maximize the long-term benefit of medicines that reduce hospitalization and physician costs and minimize the up-front costs of treatments.
Futures contracts based on a well-constructed health improvement index could offer a solution with significant
benefits. For healthcare providers, such tools could provide a hedge against rising drug prices and other variable costs, ensuring budgeting remains stable despite fluctuations in the market. This approach not only aids in direct cost management but supports strategic financial planning across the healthcare industry.
A health cost index can link data from multiple sources across a distributed network, including electronic health
records, insurance claims, pharmacy records, and clinical studies. It can act as a benchmark for pricing futures contracts and other financial instruments in the healthcare sector. By providing a reliable and transparent reference point, an index can help standardize pricing and reduce the risk of price manipulation.
Learn more about this potential solution, visit https://doi.org/10.30953/bhty.v7.345
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