One study ranked the United States healthcare system last among 11 industrialized nations. It suffers from inefficiency and inequity. It’s not as if foreign bias skewed the results: the study was published by the Commonwealth Fund, a US-based foundation improving healthcare through objective analysis. It found that the United States spent $8,508 per person on healthcare in 2011, compared to $3,406 in the United Kingdom, which ranked first overall. Other findings suggest that hospitals could increase care output by as much as 26 percent if they find new ways to eliminate operational inefficiencies.
The blockchain may be the route to efficiency, especially if hospitals employ it comprehensively. The technology could help downsize electronic health records, identify fraud, and assist doctors and nurses with administrative tasks.