MEDICOHEALTH: The Biggest Doctor-Patient Environment

Medicohealth Platform will allow for fully anonymous, safe, and efficient communication with the world’s leading physicians.

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Healthcare industry is constantly growing in value and complexity. But unlike other major industries, IT is yet to fully disrupt healthcare. Decentralized ledger technology enables traceability, data immutability and creation of secure methods for privacy protection, thus representing a perfect fit for healthcare. For healthcare to work efficiently, patients, clinics, doctors and other healthcare professionals need to be better connected to each other.
Medicohealth is a blockchain-based project designed to improve the fragmented healthcare system, where we know we can make a significant difference for the better by tackling just one truly important issue.
An average patient anywhere in the world has very limited options when in need of prompt, affordable and reliable consultation about their condition from a physician or a specialist of their choosing.

Global Healthcare Challenges

Global healthcare expenditure continues to increase. Overall healthcare spending is expected to grow from 7 trillion USD in 2015 to almost 9 trillion USD in 2020, with estimated CAGR of 4.3%. Long-term projections forecast a further increase to more than 18 trillion by 20401.

North America accounts for almost 50% of the global expenditure. In USA, this represented 16.9 % of GDP in 2016. Spending varies between countries from 5 % in Turkey to 11.5 % in Switzerland as for the OECD report for 2016, but significant growth in spending is predicted world wide.

Drivers of expenditure growth (especially in the developed world, which accounts for most of the global spending) can be found in both demographics (the elderly population – over 65 years of age – is anticipated to increase by 8 percent from 559 million in 2015 to 604 million in 2023) and innovation bringing a growing number of treatment options.

Financial inefficiencies, regulatory (including cybersecurity) burdens and operational difficulties (including infrastructure and lack of talent) present the remaining pillars of global healthcare issues that are driving the costs.

Growing healthcare needs are not compensated by the increased expenditure. Even developed countries are experiencing decreased healthcare service accessibility. 

 According to Merritt Hawkins, it took an average of 24 days for a patient to make an initial appointment with a physician in 15 large urban areas in the USA. Similarly, in the UK, GP appointment waiting times are expected to approach three weeks.

This is why improving access to healthcare remains the key challenge for healthcare: “The global shortage of general and specialist staff is increasing patient waiting times and affecting their access to diagnosis and treatment.” 

Increasing the number of care workers presents a logical solution. For instance, Japanese government plans to train additional 250,000 care workers, just to satisfy the demand for elderly care by 2020. It remains to be seen whether the number of healthcare workers can start to catch up with the actual needs. But this is still a partial solution of a complex problem and technology (especially telemedicine and mobile health) can help in a major way.

Telemedicine

Telemedicine has a potential to critically improve physician access, by eliminating travel barriers and adding to flexibility and capacity of specific healthcare services.

The telemedicine market value was estimated at $18 billion in 2015 and is expected to increase to over $40 billion in 2021. But despite the market value and the urgent need for healthcare transformation, telemedicine continues to be hindered by legal and technological obstacles.

  • an absence of an international legal framework to allow health professionals to deliver services in different jurisdictions and countries,
  • a lack of policies that govern patient privacy and confidentiality regarding data transfer, patient data storage,
  • sharing between health professionals and jurisdictions,
  • health professionals’ authentication – license validity information
  • risk of medical liability for the health professionals offering telemedicine services.

 

Medicohealth Platform

The application of blockchain technology allows for a truly global and safe physicianpatient (and/or physician to physician) interaction that can be integrated in MH or thirdparty apps.

Mediochealth Platform allows for a fully anonymous, safe, and efficient communication with world’s leading physicians. Physician credentials, together with license validity information are updated in an immutable decentralized database. Patient data is anonymously stored and accessed only by selected physicians for a limited time.

Payments are fully tokenized and anonymous. MHP token runs the system and compensates the service provider, platform, underlying protocol, and blockchain layer use.

Medicohealth will implement strong privacy and security arrangements (data encryption and authentication mechanisms) and clear governance structures for sensitive data processing, which might include EHRs. Patients will be in control of their own data, grant the access to a physician (maintaining the right of not to share), while securing and limiting the period when data can be seen.

Protocol stack includes leading technological solutions that are to be adopted to comply with regulation and healthcare specifics.

The Platform will remain protocol and blockchain agnostic, as it is hard to predict which of the current solutions will prevail as industry standards.

MHP token functionality

In addition to being a service voucher, from an end user or APP developer perspective, MHP token serves the function of fueling all subsystems and delivering robust and safe interactions.

MHP token enables:

  • Secure payments
  • Secure data storage and access management
  • Physician identification and License validity checks

MILAN RAJLIC
Co-Founder & CEO

ANDREJ MUZEVIC
Co-Founder

MARCO MUHRER SCHWAIGER
Consultant of the Management Board

ACHIM SCHUETZ
Chief Operating Officer

DR. ROLF PORSCHE
Chief Visionary Officer

ANJA MUSIC
Chief Financial Officer

MATJAZ TORC
Chief Technology Officer

JOZE HUDINA
Head of Blockchain Development

DR. ZORAN MILOSEVIC
Chief Digital Health Officer

MARKO WERNIG
Chief Marketing Officer

TOMAZ JAKLITSCH
Senior Strategist

SANDRA VERDNIK
Data Analyst

IGOR MUZEVIC
Medical Advisor & Senior Blockchain Strategist

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Each day thereafter, new MTN tokens will be sold in a DPA at the rate that is the greater of 2,880 MTN per day.

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Each day thereafter, new MTN tokens will be sold in a DPA at the rate that is the greater of 2,880 MTN per day.

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