Well, our primary aim is to bring decentralization in Canadian healthcare, to make patients the actual owners of their data. In order to connect every stakeholder in the industry, including pharmacies, patients, insurance, doctors, hospitals and government bodies, we have launched a portal that acts as an interface for using the actual blockchain.

Simplifies The Implementation of Rules

Since healthcare is a dense niche and involves a lot of institutions and individuals, we cannot ignore the fact that there are plenty of rules to be followed. Furthermore, the nature of these regulations varies from one organization to another.

For instance, in typical scenarios, if your doctor prescribes MRI for any given reason, it may take several weeks before the prescription is received by the laboratory, your number comes up in a long queue, and the procedure is performed. However, in Medical Veda’s ecosystem, since we are offering dashboards to all users, everything can move around automatically and systematically, without requiring you to fill in the lengthy forms by hand.

Cost Reduction

In Canada, hospitals and clinics usually maintain their own portals and ERPs for storing health records of the patients. These systems are technologically sophisticated and in several cases, require an on-site team to monitor their smooth running. Hence, the maintenance cost is usually higher.

However, our decentralized system is not hosted on a single PC, and you do not have to spend a significant amount on its maintenance and security. The reason is quite straightforward — Medical Veda handles all the backend operations for PHR maintenance and provides you with a portal to minimize the technical obstacles.

Better Analysis

When you bring your reports to a doctor’s clinic, he is on a very tight schedule to explore your reports, identify the medical condition and then write a prescription. However, with Medical Veda, the doctors can see your reports and all relevant health record (with your consent) even before your arrival. Therefore, they can have ample time to perform the ‘real’ diagnosis and dish out an effective treatment.

Improves Patient Healthcare

With the help of Medical Veda’s portal, patients can be actively involved in the healthcare process, and it can increase their interest in taking better care of themselves. Since they would have direct access to the portal, they won’t have to request the hospital or anyone to view their medical records or other relevant data.

Moreover, since all of their PHR will be maintained on the portal, every patient will be able to have a track of his health.

Incentives

Medical Veda’s futuristic solution comes down to one thing only — patients can have absolute control over their data and with their consent, it can be shared mutually across all the stakeholders to provide better healthcare.

Therefore, your data is what feeds our ecosystem, and if you allow data sharing on Medical Veda, we will offer rewards as well in terms of MVEDA tokens.