In the healthcare industry, a large quantity of data is generated and used instantaneously by not only healthcare providers, but also by healthcare consumers and researchers. Most of the data is generated by healthcare organizations, but unfortunately, the medical data is fragmented and dispersed due to the current medical data system and regulations from various governances.
Unfortunately, current regulatory restrictions obstruct and stand in the way of an efficient healthcare system. The HIPPA (Health Insurance Portability and Accountability Act) of the United States set forth strict guidelines in sharing healthcare information among providers, insurers, and consumers, which minimize the sharing of healthcare information in the name of protecting privacy. Other countries have similar regulatory restrictions in sharing healthcare information, which makes the sharing of sensitive personal healthcare information difficult. The inability to access a patient’s complete medical history hinders proper medical care, promotes wasteful medical services, and generates unnecessary administrative overhead. Medical data generated by current healthcare organizations use individual and incompatible platforms, making the data less reliable. Also, the costs of setting up and maintaining current healthcare platforms are very expensive. This results in reduced quality of care for patients
and healthcare consumers.
After completing a successful medical platform model in the US, MediBit will actively collaborate with other healthcare platforms to create a world without medical barriers, and evolve into global network project by launching MediBit UK, MediBit SG, MediBit CAN, MediBit JPN, MediBit KOR, and 11 others.