MedChain is creating a new healthcare ecosystem enabling a secure dApp infrastructure for Health Record storage.
MedChain is offering a blockchain and distributed storage solution for Electronic Medical Records (EMR) and electronic Protected Health Information (ePHI). The MedChain Network (MCN) is an extensible, layered architecture and protocol system governed and secured by multiple blockchains that utilizes a multi-crypto-token framework.
The architecture has been thoroughly vetted because of the highly regulated healthcare arena and the personal interests of all the developers involved.
MedChain's mission is to use blockchain technology to establish a better, more secure and transparent framework for Electronic Medical Records (EMR) that vastly improves the quality of care for patients while reducing healthcare providers' costs. This allows companies and individuals to build software and applications within a globally compliant framework facilitating secure storage and transparency.
MedChain’s goal is to secure patient data, improve patient outcomes, reduce costs and put control back into the hands of the patient -- both literally and figuratively.
The MedChain Network Overview
The MedChain solution benefits providers from the smallest private practice, to all the laboratories supplying the test results or durable equipment, to the largest hospital systems in the nation by improving the interoperability between each EMR system involved. Cost savings will be realized throughout the industry by streamlining data flow and user experience, reducing IT overhead, and ensuring true and accurate data for each patient.
The Benefits for Providers
MedChain's blockchain-based solution gives healthcare providers near-instant access to the medical records of new and existing patients.
MedChain ensures that patient information is far more secure, with dramatically reduced risk of identifiable data being leaked.
MedChain also greatly reduces lost and compromised data, reducing medical error and saving the healthcare system several billion dollars each year in costs associated with data breaches.
The Benefits for Patients
With MedChain, patients will finally be in control of their data. Critical health records will no longer be locked in disconnected silos. Patients can finally be sure that all of their medical records have reached the provider they are interacting with.
Utilizing MedChain's smartphone and web applications, patients will be also be able to eliminate and/or avoid redundant testing due to lack of record-sharing between providers.
Health records can also be near-instantaneously available in cases of emergency, including when the individual is non-responsive, by issuing an Emergency Override within the system.
The Benefits for the MedChain community
MedChain has outlined multiple streams of revenue through our BaaS/PaaS and SaaS payment models. A strong corporate growth can be achieved by creating the “common data layer” (aka blockchain-as-a-service) for all medical software companies to build upon, assisting other companies to integrate into our platform (aka platform-as-a-service), and using the established software-as-a-service philosophy to maintain and improve upon our offerings.
Growth in the BaaS/PaaS and SaaS revenue streams comes from an increased market share of patients, providers, and 3rd party software using the interoperability solution that MedChain makes available. No other company, blockchain-based or otherwise, is offering the breadth of products and services that can penetrate this classic market. By building a system that all other companies can build upon, MedChain is positioned to be the cornerstone of electronic medical record storage and retrieval that each sector of medicine needs in order to service their patients.
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