Blockchain Technology in Global Healthcare, 2017–2025

Healthcare Industry Assesses Blockchain Potential to Optimize Healthcare Workflows and Improve Outcome-based Care Delivery Models

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Blockchain technology, with its ubiquitous security infrastructure for seamless health data exchange, holds potential to eliminate the burden and cost of health data reconciliation and facilitate interoperability. Emerging blockchain systems promise to unlock new economic advantages by disintermediating high-cost gatekeepers and automating transactional services across healthcare workflows (e.g., claim adjudication, billing management, RCM, drug supply chain).

Increasing pricing pressure to decrease healthcare cost globally and digitization of care delivery models are transitioning the industry toward a much-anticipated personalized treatment paradigm. With these health systems, payers and drug and device manufacturers equally urgently require a secure connected health IT ecosystem to manage healthcare data and promote value-based care.

At its core, blockchain offers the potential of a shared platform that decentralizes health data, ensuring access control, authenticity, and integrity of protected health information. Further, the blockchain-based distributed network consensus with cryptography techniques provides an additional layer of trust to minimize cybersecurity threats for healthcare IT systems. This never-before blockchain-based trusted workflow with a “single source of truth” presents the healthcare industry with radical new possibilities for outcome-based care delivery and reimbursement models.

Despite the hype around blockchain, for many people (across different industries), the blockchain concept remains difficult to grasp—which makes it one of the most misunderstood technologies of 2017. Blockchain technology may not be the panacea for healthcare industry challenges but it holds the potential to save billions of dollars by optimizing current workflows and the disintermediation of some high-cost gatekeepers.

Research Scope
The research service analyzes the key trends and developments around blockchain technology and captures the essential building blocks for implementing a healthcare-focused blockchain ecosystem in the next 5–10 years. Differentiating the hype from reality, the study discusses blockchain technology’s most potential applications in some of the pressing needs of the healthcare industry—such as health data interoperability, cybersecurity, insurance fraud management, and drug supply chain provenance.

The study also provides a global flavor around blockchain technology deployment and discusses current adoption trends across major healthcare-focused use cases—such as the adoption timeline, growth opportunities, implementation challenges, government and commercial initiatives, select collaboration or deals, and the key companies and consortiums to watch.

Finally, the study provides strategic imperatives and recommended business models to foster healthcare-focused blockchain ecosystem partnerships for future implementation on a large scale across healthcare use cases.

Key Questions This Study Will Answer
•     What is blockchain technology and what are its implications for the healthcare industry?
•     Who are the key stakeholders in the healthcare blockchain ecosystem?
•     What is the convergence potential for blockchain with emerging healthcare technologies?
•     What are the most promising application areas of blockchain for the healthcare industry?
•     What are the adoption and growth trends for these use cases?
•     Which are the leading companies with healthcare-deployable blockchain solutions?
•     What are the possible business models for blockchain technology deployment in healthcare applications?
•     What are the challenges for implementing blockchain in healthcare?
Listen to Key Data Points

Table of Contents

1. Executive Summary
Executive Summary
Key Questions
6 Big Themes for Blockchain Technology in Healthcare
Blockchain Adoption Timeline and Top Growth Opportunities across Healthcare Application/Use Cases
Blockchain in Healthcare—Top 5 Growth Opportunities by Use Case
Blockchain in Healthcare—Implementation Challenges by Use Case
Blockchain—Ecosystem Participants for the Healthcare Industry
Blockchain Application Potential with Multiple Healthcare Stakeholders
Blockchain Technology—Impact on Key Health IT Systems and Vendors
Blockchain Convergence Potential with Emerging Technologies
2. Introduction to Blockchain Technology
Research Scope
What is Blockchain?
Blockchain—Definition and Core Properties
Blockchain—Overview of Transaction Flow
Timeline—Blockchain Evolution Journey
Common Blockchain Terminologies
Blockchain Technology Vendor Ecosystem and Solution Layers
Blockchain Network Types and Comparison of Consensus Approaches
Blockchain Major Prototypes and their Attributes
Blockchain across Industry Verticals
Blockchain Startup Landscape—Across Industries and Use Cases
3. Blockchain Technology
Blockchain Key Investments by Major Segment and Region
Blockchain Technology—Impact on Key Industry Sectors
Expected Cost Reduction by Introducing Blockchain Technology
Blockchain Cost Savings Potential across Business Functions
4. Blockchain in Healthcare—Overview and Opportunities
Blockchain—Ecosystem Participants for the Healthcare Industry
Adoption Timeline—Blockchain Technology across Major Healthcare Applications/Use Cases
Use Case 1—Healthcare Data Exchange and Interoperability
Use Case 1—Blockchain Potential Impact across Healthcare Data Exchange and Interoperability Value Chain
Use Case 2—Claims Adjudication and Billing Management
Use Case 2—Blockchain Potential Impact across Health Insurance Value Chain
Use Case 3—Drug Supply Chain Integrity and Remote Auditing
Use Case 3—Blockchain Potential Impact across Drug Supply Chain
Use Case 4—Clinical Trials and Population Health Research
Use Case 4—Blockchain Potential Impact across Drug Development Value Chain
Use Case 5—Cyber Security and Healthcare IoMT
Use Case 5—Blockchain Potential Impact across IoMT Value
5. Key Companies to Watch
Top 5 Healthcare Blockchain Start-ups to Watch—Guardtime
Top 5 Healthcare Blockchain Start-ups to Watch—Gem Health
Top 5 Healthcare Blockchain Start-ups to Watch—PokitDok Inc.
Top 5 Healthcare Blockchain Start-ups to Watch—Patientory, Inc.
Top 5 Healthcare Blockchain Start-ups to Watch—iSolve, LLC
Select Blockchain Vendors with Healthcare Use Cases
6. Blockchain in Healthcare—Business Models and Key Conclusions
Role of Blockchain in Evolving Care Delivery Models
Blockchain Technology Life Cycle and Innovation Adoption Roadmap
Healthcare Blockchain Adoption Life Cycle and Preferred Network Type
Major Healthcare Blockchain Consortium to Watch—Hashed Health
Major Healthcare Blockchain Consortium to Watch—Hyperledger Healthcare Working Group
Blockchain Possible Business Models across Healthcare Use Cases
Blockchain in Healthcare—Select Collaboration Deals to Watch
Blockchain Implementation Challenges in Healthcare
Industry Speaks—Comments from Key Opinion Leaders
Legal Disclaimer
7. Appendix
Company Profile—Bitcoin
Company Profile—Ethereum
Company Profile—Hyperledger
Types of Digital Currencies
8. The Frost & Sullivan Story


List of Figures & Charts

1. Blockchain Technology for Healthcare Industry: Top 5 Growth Opportunities by Use Case, Global, 2016–2025
2. Blockchain Technology for Healthcare Industry: Implementation Challenges by Use Case, Global, 2016–2025
3. Blockchain Technology Revolutionizing Healthcare Industry: Transaction Overview, Global, 2016–2025
4. Blockchain Technology Revolutionizing Healthcare Industry: Industry Verticals, Global, 2016–2025
5. Blockchain Technology Revolutionizing Healthcare Industry: Major Investments, Global, 2011–2017(Q1)
6. Blockchain Technology Adoption Timeline Across Major Healthcare Applications/Use Cases, Global, 2016–2025
7. Blockchain Opportunity for Healthcare Industry: Healthcare Data Exchange and Interoperability, Global, 2016–2025
8. Blockchain Opportunity for Healthcare Industry: Claims Adjudication and Billing Management, Global, 2016–2025
9. Blockchain Use cases and Benefits: Health Insurance Value-Chain and Key Activities*, Global, 2016–2025
10. Blockchain Opportunity for Healthcare Industry: Claims Adjudication and Billing Management, Global, 2016–2025
11. Blockchain Use Cases and Benefits: Drug Supply Chain and Key Entities Involved*, Global, 2016–2025
12. Blockchain Opportunity for Healthcare Industry: Population Health Research and Pharma Clinical Trails, Global, 2016–2025
13. Blockchain Use Cases/Benefits: Drug Development Value Chain by Major Activity*, Global, 2016–2025
14. Blockchain Opportunity for Healthcare Industry: CyberSecurity and Healthcare IoMT, Global, 2016–2025
15. Blockchain Application Segment for Healthcare Industry, Global, 2016–2025
16. Blockchain Technology Revolutionizing Healthcare Industry: Digital Currencies, Global, 2016–2025

1. Blockchain Adoption Timeline by Major Healthcare Application/Use Case, Global, 2016, 2018, 2021, and 2025
2. Blockchain Technology for Healthcare Industry: Blockchain Ecosystem, Global, 2016–2025
3. Blockchain Impact on HIT Systems: Threat Mitigation Strategy/Challenge Impact Assessment Grid, Global, 2017–2025
4. Blockchain Technology: Timeline and Elements of Decentralized Computing, Global, 1970–2016
5. Blockchain Technology Revolutionizing Healthcare Industry: Terminologies, Global, 2016–2025
6. Total Investments in Blockchain by All Segments, Global, 2012–2017 Q1
7. Total Investments in Blockchain by Region, Global, 2012–2017 Q1
8. Blockchain Technology Impact Analysis across Select Industry Sectors, Global, 2017–2025
9. Blockchain Technology Cost Savings Potential (All Industry): Average Asset Management Cost Breakdown by Function and Blockchain Applicability, Global, 2017
10. Blockchain Technology for Healthcare Industry: Blockchain Ecosystem, Global, 2016–2025
11. Healthcare Blockchain Technology Life Cycle Positioning: Innovation Adoption Map, Global, 2017
12. Healthcare Blockchain Adoption Life Cycle: Percent Expected Adoption by Innovation Life Cycle across Healthcare Applications, Global, 2017, 2020, 2025
13. Blockchain Technology: Preferred Blockchain Networks for Healthcare Use Cases, Global, 2017–2025

global blockchain technology
blockchain as a service
global blockchain technology

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