BlockMedx Aims to End the Opioid Crisis Using the Blockchain
Justin Lam — July 12, 2018 — Lifestyle
References: blockmedx
Founded with a mission for social impact, BlockMedx offers an end-to-end e-prescribing platform to help better mitigate the opioid crisis. This e-prescribing platform functions off blockchain technology and serves as a predictive analytics tool for physicians, pharmacists and patients. So how does this help solve the opioid crisis? Part of the issue lies in the individual prescription drug-monitoring programs that are specific to each state. BlockMedx aims to solve this issue by allowing pharmacies and doctors the ability to create an immutable and completely private distributed database of prescriptions.
The BlockMedx also offers a token system, which can be used to pay for medical services. Known as MDX, this token allows patients to co-pay at the pharmacy or doctors office, and also includes incentives from payors.
The BlockMedx also offers a token system, which can be used to pay for medical services. Known as MDX, this token allows patients to co-pay at the pharmacy or doctors office, and also includes incentives from payors.
Trend Themes
1. Blockchain-powered Medical Platforms - Utilizing blockchain technology to enhance healthcare platforms and address social issues such as the opioid crisis.
2. E-prescribing and Predictive Analytics - Developing platforms that combine e-prescribing capabilities with predictive analytics to improve patient care and medication management.
3. Token Systems for Healthcare Payments - Implementing token systems, such as MDX, to revolutionize healthcare payments and incentivize patients.
Industry Implications
1. Healthcare Technology - Exploring how blockchain can disrupt traditional healthcare technology by offering secure and transparent solutions for medical platforms and prescription management.
2. Pharmaceuticals - Identifying opportunities to leverage blockchain and predictive analytics in the pharmaceutical industry to combat the opioid crisis and improve prescription drug monitoring programs.
3. Fintech (healthcare Payments) - Incorporating token systems and blockchain in the FinTech industry to transform healthcare payments, enable secure transactions, and incentivize patients.
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