Mismanagement of Healthcare Resources is still a Major Pain Point in Developing Countries. Here's how Project Healthureum can Combat the Growing Menace

It goes without saying that the health sector must properly manage their resources for survival in turbulent times. Mismanagement of resources is still one of the major challenge facing Healthcare sector despite the groundbreaking steps that we have taken so far. As a result, millions around the globe don’t have easy access to high-quality health care as the available resources are either inadequate or poorly developed and structured. Reports of funds allocated for a particular activity in the health sector been lost in the hands of unknown people are not new. Still, the health sector is one of the most crucial institutions in any country, and therefore there is a need to employ a strategy which will solve the challenges and allow for smooth operations.

In the past years, monitoring and evaluation of finances and other resources has been done manually via conventional paperwork, but it is clear that the method is not just efficient but can also be easily manipulated. Fortunately, Project Healthureum has brought forth innovative blockchain-based technology with the ability to tackle most of the obstacles affecting healthcare.

Here’s how Project Healthureum can be employed to solve the menace.

1. Use of Decentralized Data System

Healthureum integrates blockchain technology which operates as a decentralized platform meaning that all partners are responsible for keeping and maintaining security of the data. The stored data include all the information regarding health care including the available resource. There is no single device is responsible for storing data in the organization. A date stamp is used to authenticate any adjustment which may be made in the data. The time stamp allows tracking of any editing which may be done on the data and this makes it difficult to alter. Data is secured through cryptography which enhances accountability and reliability.

Online transactions are facilitated through the system, and patients make the payment which reflects on all the devices. Monitoring the movement of funds through the online transactions is easy. The system also leads to improvement of the rural health care even in remote/scarcely populated areas.

2. Transparency in Data Storage and Management

Healthureum ensures that all the patient’s information is consolidated, stored in the blockchain platform and secured with an encryption code. All the personal, medical information, tests, investigations and treatment modules are stored in the single platform. The patient’s data contains also contains necessary information concerning their health such as the blood group which could be of use in emergency situations. Interoperability is enabled whereby various health facilities such as clinics and nursing homes can access your health information.

Patients carry out transactions online through the software in the health facility after they have received medical care. It is possible to monitor the management given to the patient such as investigations and treatment while comparing with the amount paid. The process ensures that the patients are not overcharged for the services they have received in the hospitals. It is not strange to realize that you spent more money than what was required in a hospital especially if their systems are not transparent.

Standardization of the system ensures that the patients are served by competent and skilled health professionals. Determination of the workers required is done through the system by determining the number of patients in each region. The process aids in human resource management to prevent understaffing or overstaffing which is wastage of labor.

3. Proper Management of Healthcare Infrastructure

Medical infrastructure takes the lion’s share in any country’s health sector’s annual expenditure. The choice of what development to implement or what equipment to purchase is not always easy. In many situations, the health sector has ended up purchasing items which lose value almost immediately. In other circumstances, the purchasing department may be of corrupt and thereby purchasing equipment of low value while recording high amounts of money spent.

Project Healthureum straightens these kinks in the supply chain conundrum by integrating of blockchain technology to ensure all-around authenticity. What’s more, blockchain brings forth an avenue for evaluating the demand and usage of items together with the return on investment to avoid purchasing of useless commodities. There is also monitoring of the supply chain reliability and the maintenance of the equipment.

In Closing

Once fully implemented, there’s no doubt that the upcoming Project Healthureum will play a big role in prevention of mismanagement of resources in the health sector. The transparency and the decentralization would solve the monetary, human resource and infrastructure wastage problems that have be-deviled the sector for a long time. More information visit https://www.healthureum.io/