DIGIPHARM: Creating Value-Based Healthcare system based on the Innovative pricing and Blockchain technology

Introduction

Health is not wealth for everyone. If it were true for everyone then many would care more about their health than their wealth. But, it is a fact which cannot be denied by anyone in the world. Our health is our greatest asset, and if it is in a good condition, the rest can be assured to fall in line. Many international organisations, like WHO work with countries and local governments to solve the impending health crisis. Technology can be helpful in solving many diseases but the amount of investment required is too much, and this puts a pressure on many developing countries, who are fighting with many diseases at the same time.

Health care system across the world have been very expensive for specialised diseases. And, the resources required for a new drug research are not easily available in many countries. The big pharma companies are busy selling drugs that are expensive to the consumers rather than generic drugs, that are affordable and efficient. Considering the example of Ebola, which is a serious medical condition, many countries have decided to invest in the research and development of drugs.

The research and the investment are continuously going on to find the cure for the deadly diseases. There is a need for new technology integration which will automate the value-based pricing and usage of real-world data.

Solution offered

DIGIPHARM is creating solutions for the healthcare system by developing the value-based health care delivery system. They have understood the basic concept behind the health care system. The first pillar is the incentivisation and if the proper reimburse is provided to the concerned link of the healthcare chain that the process will be smooth.

To complete this aspect of healthcare delivery, they have designed a reimburse platform which works on the blockchain technology and Smart Contracts. It will accelerate integration, coordination and delivery of a health care system, which focus on the patients and not on the insurance companies. This will allow the manufacturers to utilise the patient's medical details to offer more personalised services. Based on the smart contracts, pricing agreement is signed between the patients and the manufacturers.

The second pillar of the value-based health care system proposed by the DIGIPHARM is the insights and real-world evidence. Saftey ratings, claims data and patients reported data are a few of the many real-world evidence examples utilised to gather required information and insights into the patients. They are organising first live real-world evidence data which is collected from the reimburse platform and electronic health records of the patients to generate reports regarding conduction of clinical trials and improve the healthcare system.

Empowering patients by informing them about the different aspects of the drugs and diseases, and data being collected is one of the many top features of the platform. They have multiple projects in the pipeline, which involve innovating pricing and efficient health care system for everyone.

ICO INFORMATION AND TEAM

100,000,000 DPH Tokens are created for the project in which 65% is reserved for the ICO. 65% OF THE funds collected for the project will be utilised for the Product development while 15.5% OF the funds will be utilised for the professional services. The people behind the platform are experienced in the field of blockchain technology and clinical transformation.

Conclusion

We are careful about our wellbeing and millions of dollars are being spent each year by governments in the healthcare sector. With technology, this sector has progressed towards better equipment and better facilities for the patients all over the world. Health insurance companies are always up for collecting as many applications as possible. They are the biggest beneficiary in the sector which has changed the landscape in the industry. New diseases are being discovered which require resources for research and development. Eliminating barriers, achieving transparent payment infrastructure, bringing real-world evidence and insights are a few of the top strong points of the platform.

They are ready to disrupt one of the biggest industry in the world. Global drug prescription spending is calculated to be 1.5 trillion dollars by 2021. The innovative solution presented by the platform will help accelerate the formation of a transparent and value-based health care system for everyone.

I think that making patients as the central entity in the healthcare ecosystem is one of the biggest steps taken by the DIGIPHARM. They are looking forward to public participation along with partnership from the multiple pharmaceutical companies. What do you think about the services offered by the platform?

Website: https://www.digipharm.ch/

Whitepaper: https://digipharm.ch/docs/DigipharmWP.pdf

Published By: MoneyMayskiy

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