Blockchain comes to medical tourism

Robomed Network is promoting a decentralised, cross-border ecosystem of healthcare providers based on an open smart contract and crypto currency.

A patient-oriented medical network is where patients can manage and control their healthcare data through a mobile electronic medical record (EMR) and allow doctors access to when requested.

A global digital platform known as Robomed Network has introduced a solution that allows the medical industry to replace the old, prevailing ways of managing healthcare processes with new ones designed to boost efficiency, effectiveness and transparency. This is achieved through the elimination of non-value-added processes and clinical errors.

Robomed Network means that patients around the globe have access to bureaucracy-free, affordable and quality medical care targeted to their specific needs.

What drives all of this is a medical network managed by a blockchain token, designed to provide the most effective medical care. Robomed serves as the linkage point between health service providers and patients, all tied to a smart contract built on top of the Ethereum platform.

Robomed Network co-founder Philipp Mironovich; “Robomed’s blockchain is designed to constantly expand available capacity for record-keeping, transactions tracking and accumulation of a diverse database of medical knowledge and clinical pathways applied to treating a numerous range of medical cases. We believe that the scope of medical services rendered to patients is bound to grow with the processes for obtaining these services streamlined.”

As a part of the Robomed Network, participating in-network clinics use Robomed EНR, a process-automation system geared for medical centres, which includes unified medical data storage and health management tools. Its primary purpose is to integrate all participating clinics into a single information space, allowing various service providers to quickly interact without bureaucratic, financial or legal barriers.

This bridge between the patients seeking quality medical care and access to it is a smart contact. This interactive digital mechanism allows patients to obtain access to a chain of healthcare providers committed to delivering the best medical care consistent with the digital clinical guidelines registered in Robomed Network.

These clinical guidelines are adopted via a constantly updated, competitive and transparent voting process involving the medical and patient community. The goal is to use a diverse set of healthcare treatments and high standards to fulfll patients’ expectations.

Robomed Network issues its own tokens to drive the smart contract engagement between healthcare providers and patients. This elevates service value by granting token owners full accomplishment of clinical guidelines for cases.

Patients engage with the Robomed Network via Robomed Mobile or Robomed Web. The proprietary smart contract technology creates a single system of coordinates with clinical outcomes as a reference point.

This is one of the first healthcare uses of the Ethereum blockchain platform.The Robomed Network is promoting this decentralised, cross-border ecosystem of healthcare providers based on an open smart contract and crypto currency.

Robomed is based in Moscow and launched with $30 million from investors. The logic is that blockchain is potentially a tool to help deliver better and less expensive health care without patients or doctors needing to know the first thing about the technology.

Blockchain technology is used to create smart contracts and payment systems between patients and doctors. The system helps set a market-based price between doctor and patient. The smart contract lays out milestones for diagnosis and treatment, with various metrics and checkpoints along the way.

A patient puts money into the Robomed system using cash or a credit card, and it’s held there in a virtual currency wallet. As the doctor proceeds through the contract, some money is released along the way.

The system also allows patients to list symptoms, suggest possible medical issues, and then get matched with doctors who have expertise in those areas.

23 clinics around the world have signed on to use the Robomed platform, and now the company is looking to accelerate its growth. Clinics accept tokens as payment backed by Robomed Network guarantee to buy them out at a fixed price. Patients do not have to purchase RBM tokens as they can pay in a local currency converted to the price of RBM token in Ether.

Smart contracts are computer protocols intended to facilitate, verify, or enforce the negotiation or performance of a contract. Proponents of smart contracts claim that many kinds of contractual clauses may be made partially or fully self-executing, self-enforcing, or both. The aim of smart contracts is to provide security that is superior to traditional contract law and to reduce other transaction costs associated with contracting.