Healthcare is plagued by inefficiencies and cost overruns but blockchain technology holds the solution, and could lead to a better patient experience in the process, writes Solve.Care Founder & CEO, Pradeep Goel.
The value of the global healthcare industry has grown exponentially in recent years, reaching more than 8.45 trillion dollars in 2018. And this growth is expected to continue, with the sector looking set to grow at a Compound Annual Growth Rate (CAGR) of 8.9% to nearly $11.9 trillion by 2022. Despite its rapid growth, it is a generally accepted fact that the industry suffers greatly from issues of extraneous expenses and system-wide inefficiencies — issues which must be tackled for the sake of the patients it serves and the medical practitioners it employs.
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