What We Do

HealthChain is utilizing blockchain technology to revolutionize the medical device industry. By using blockchain to facilitate better collaboration between medical device companies and hospitals around the common goal of reliable and timely delivery of devices to patients. HealthChain solves the problem of the outdated, time sensitive and expensive medical device supply chain currently in place.

Transparent

Network participants have 24/7 real-time access to data records.

Tamper-Proof

All data records are immutable.

Time-Stamped

All data records are sequenced and traceable to prior related data.

Accountability

All supply chain counterparties can be held accountable through a permanent immutable record.

Efficiency

Smart contracts, including automatic reordering, minimize supply chain friction enhancing efficiency and costs.

Cost Savings

Hospital, suppliers and the healthcare system as a whole save costs by improving processes and product utilization.

$398
Billion

SIZE OF GLOBAL MEDICAL DEVICE MARKET

$159
Billion

SIZE OF US MEDICAL DEVICE MARKET

$25
Billion

ESTIMATED HOSPITAL SAVINGS FROM IMPROVED SUPPLY CHAIN

$5
Billion

ESTIMATED SAVINGS BY ELIMINATING SUPPLY CHAIN WASTE AND ENHANCING EFFICIENCY

“Blockchain will be deployed across the healthcare industry to improve secure healthcare data sharing toward the goal of precision medicine, accelerating research, and improving healthcare outcomes. This will include use cases in personal health records, wearables, lab sample data management, supply chains, and research.”

Florence HudsonSpecial Advisor for Next Generation Internet, Northeast Big Data Innovation Hub at Columbia University

Blockchain technology is being leveraged to remodel the collaborative exchange of vital research and useful healthcare data, thereby enabling key stakeholders such as clinical researchers, doctors, pharmacists, and other healthcare providers to gain secure, faster, simplified and reliable access to electronic medical information.

Forbes

What is the common denominator to address these challenges? All of these and more critical challenges in healthcare could be addressed with superior supply chain management practices that are digitally enabled by blockchain technology.

Blockchain in Healthcare Today

Hospitals

Simplify and streamline inventory management, including automatic reordering, so critical life-saving devices and supplies are always available when needed.

Suppliers

Improve tracking of high-value devices and supplies while offloading inventory management tasks from sales professionals, allowing them to focus on building and growing clinical and commercial relationships.

Patients

Benefit from improved coordination of supply chain between hospitals and suppliers, assuring the appropriate life-saving devices and supplies are available to their physicians when they need them.