Blockchain eyed for potential use cases in revenue cycle

Blockchain technology has the potential to revolutionize the healthcare industry by offering a new and secure approach to data exchange. One area where blockchain could be valuable is in revenue cycle management and claims processing. Blockchain could simplify the payment process between payers and providers and also be used to create a personal health record by connecting clinical fragments from multiple providers and EHRs. However, widespread adoption of blockchain in healthcare is still several years away due to operational impediments and challenges in implementation.