5 Ways DeFi Can Revolutionize the Healthcare Industry
Against the backdrop of the COVID-19 pandemic, the recent growth of the decentralized finance (DeFi) market could change the game for the healthcare industry. Lets explore several examples. 1. Medical devices With regards to medical device financing and leasing, currently, no one is offering a global solution — no government agencies, banks, or insurers. As healthcare systems around the world struggle to cope with the challenges inflicted and exacerbated as a result of COVID-19, it is clear there is a real need to change the process around medical equipment leasing and financing. Telehealth and virtual care are quickly becoming the most attractive way of accessing healthcare, both as a direct result of the COVID-19 pandemic and the changing landscape of healthcare. Patient devices include apparatus such as blood pressure monitors, glucose meters, oximeters, weight scales, and even thermometers. The distribution of 4G medical devices for remote patient monitoring provides patients with chronic illnesses with the equipment they need to take control of their health. This facilitates the coming together of the administrators, practitioners, and patients in an efficient and trust-minimized manner. By financing the leasing of medical devices through decentralized solutions we can provide better patient outcomes, and promote transparency. Professional devices such as