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Healthcare Industry to Benefit from Blockchain and Smart Contracts

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A blockchain smart contract is being used for a value-based healthcare model as Robomed Network works to revolutionise the future of the health industry. The Robomed Network is a blockchain network designed to provide the most effective medical care, while equalising healthcare worldwide.

This ecosystem connects healthcare service providers and patients based on a smart contract. The interaction is designed to provide greater transparency, cost saving measures, greater efficiency and patient control of their medical records.

Philipp Mironovich, Co-Founder of Robomed Network, explained: “In a challenging environment of a growing global demand for high-quality medical care, and its rising costs, a sound solution to eliminate inefficiencies of non-value adding practices and clinical errors is the key to the healthcare industry of the future,”

The model allows any uninsured patient dissatisfied with public healthcare services, to purchase a blockchain smart contract. The program provides tools for measuring the efficiency and maintaining procedural and billing transparency for medical services. These tools are based on digitized clinical guidelines, taking into account the amount of time spent on a process, the cost, the resources allocated for the service, and the resulting achievement.

The Smart Contract is the main product of the Robomed Network. The ability to measure patient outcomes and clinical guideline accomplishment is hoped to ensure the best possible value for the patient. Robomed Network business model ensures that patients control their medical data, that all interactions with medical data are securely recorded on the blockchain and that healthcare providers can participate on one common smart contract. It should also eliminate non-value adding processes and most clinical errors.

In order to achieve its goals, Robomed Network is launching its ICO campaign and global road show, allowing investors to purchase RBM Tokens and gain a voting right in determining the value of the services under the smart contract.

Matthew Warner
Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.