What is Paradigm EMR?
Web3 is about freedom, and ParadigmEMR delivers a liberated experience to users as a blockchain based Electronic Medical Records system where people own and fully control their own medical data. This ownership, and the inherently efficient accessibility it provides for practitioners and insurers manifests tremendous enhancements in the healthcare industry.
Secure, streamlined, interoperable, and patient-centered: Paradigm transforms EMRs (Electronic Medical Records) and insurance/healthcare infrastructures through the use of blockchain technology to create a seamless and scalable framework for healthcare delivery while allowing the end-user to full ownership and control of the experience, while also expanding privacy-based features.
We have become too comfortable in the world we live in today allowing others to use, exploit, and maintain our most valuable asset, your health records. Much like Bitcoin started a disruptive cycle in the financial industry, Paradigm will create new accountabilities in the healthcare sector.
What this means for patients?
These four stages go a long way towards achieving the Quadruple Aim and facilitating the changes that would bring with itself to the industry.
- They can never claim to not have been issued medication/dietary instructions as they sign it onto the chain at the end of each medical practitioner's visit.
- The chances of them requiring “experimentation” during an incapacitated ER visit are reduced as things like antibiotic intolerance, or general allergies would readily be available to ER staff following the scan of a finger.
- Responsibility for understanding instructions and medication prescribed cannot be laid at the feet of the physician since they have “signed” in acceptance and have their access to records.
- The patient is empowered to provide instructions for such steps as organ donation and do not resuscitate/revive orders directly to the hospital in question bypassing and overriding instructions from “relatives".
What this means for healthcare providers?
Steps such as these empower hospitals and care providers both in terms of the golden Quadruple Aim and the federal requirement for meaningful use.
- A strengthening of patient care through heightened bidirectional accountability enforced through the active signing of data to records.
- An amended only policy on records will level up compliance on the checking of documents, enhancing audit trails, and facilitating improved performance measurements for care-providing staff.
- Immediate data access in emergency medical situations drastically mitigates risks and expenses associated with delays from experimental treatments.
- This efficiency and accuracy render the opportunity for optimal patient outcomes much greater.
- No hidden fees or additional compliance work is involved in the transfer of records.
- Risk mitigation from “non-adherent patients” as they “sign” their records onto their storage hence accepting the instructions simultaneously.
What this means for insurance providers?
These steps enhance and increase the contribution of insurance providers towards the attainment of the Quadruple Aim by facilitating areas for rationalization, as well as broadening the scope of individualized healthcare plans.
A robust new set of tools for the targeted and fully personalized provision of care plans dependent on the level and frequency of access granted by the client or their designate.
Full record access for making evaluations when offering plans. This potentially opens up markets to customers previously deemed too high risk from being in higher percentiles.
Complete and immutable records being available during treatments, particularly ER visits, will significantly mitigate many of the 80k+ annual instances of ER “mal/malpractice” due to a lack of data on patients.
A complete bypass of the current pay-for-play system of medical records inflates operational costs and, in many cases, forces the employment of otherwise redundant staff.
Development of a DAO (decentralized autonomous organization) that would allow users to submit a payment directly to the DAO, allowing insurance providers to bill directly to a group based on an ala carte structure.
The vast increase in efficiency and accuracy render the use of Paradigm’s leveraging of blockchain (DLT) technology by insurers a potentially greater cost effectiveness, and unwavering least wasteful of integral resources (time, human, financial).