EHR Data Utility Blockchain Royalty Processing
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Solution Overview
Problem
Existing patient data systems across healthcare providers operate with disparate formats and processes, failing to communicate effectively, and lack efficient mechanisms for royalty calculation and incentivization for data sharing, which hinders seamless data exchange and utilization for improved patient outcomes.
Innovation Solution
A system utilizing an EHR Data Utility with a blockchain framework that enables secure, real-time patient data processing and royalty payment through an EHR Data API and transaction blockchain, facilitating cryptocurrency transactions and smart contracts for data exchange between providers and consumers, ensuring transparency and immutability.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If disparate healthcare data systems operate independently with unique formats and processes, then each system maintains its own operational independence, but effective communication and data exchange between systems is hindered
Solution Approach 1:
The patent introduces a blockchain-based intermediary layer that mediates between disparate healthcare data systems. This blockchain network serves as a neutral platform that enables secure data exchange and royalty distribution without requiring direct integration between individual healthcare provider systems, thus maintaining operational independence while achieving interoperability
Solution Approach 2:
The blockchain platform provides universal functionality that serves multiple purposes: data exchange, royalty calculation, smart contract execution, and cryptocurrency transactions. This multi-functional approach eliminates the need for separate systems for each function, reducing overall system complexity while enhancing data exchange capabilities
2Productivity
If traditional accounting processes are used for royalty payment between data providers and consumers, then payment tracking and reconciliation can be performed, but the process is time-consuming and requires extensive administrative overhead
Solution Approach 1:
The blockchain system enables self-service royalty payment through automated smart contracts. The system automatically calculates royalties based on pre-agreed parameters, executes payments in cryptocurrency, and records all transactions immutably on the blockchain. This eliminates the need for manual invoicing, payment processing, and reconciliation that characterize traditional accounting processes
Solution Approach 2:
The blockchain provides real-time feedback on data usage and royalty accrual. Smart contracts continuously monitor data access events and automatically update royalty calculations, providing immediate feedback to both data providers and consumers about payment status without requiring periodic manual accounting cycles
3Reliability
If patient data is shared across multiple healthcare providers to improve patient outcomes, then data utilization for better care decisions is enhanced, but mechanisms for incentivizing data providers and calculating royalties are lacking
Solution Approach 1:
The system establishes pre-defined smart contracts that automatically execute when data sharing conditions are met. These contracts contain pre-agreed royalty parameters, payment terms, and distribution rules that are executed automatically upon data access, eliminating the need for complex real-time negotiations and manual incentive calculations
Solution Approach 2:
The blockchain system provides transparent, real-time feedback to data providers about how their data is being used and the royalties being generated. This visibility creates a direct feedback loop that incentivizes continued data sharing by demonstrating tangible benefits to providers, thereby improving patient outcomes through sustained data availability
4Reliability
If cryptocurrency transactions and smart contracts are implemented on a blockchain framework, then transparency and immutability of data exchange records are achieved, but system complexity and technical requirements increase
Solution Approach 1:
The patent combines multiple functions into a unified blockchain platform: data exchange, royalty calculation, smart contract execution, and cryptocurrency transactions. By merging these functions into a single system rather than separate components, the overall complexity is reduced despite the advanced capabilities provided
Data Source
AI summary
A patient data provision, consumption, and royalty processing system is disclosed that can facilitate patient data distribution and royalty payment. An EHR Data Utility can transfer patient clinical and pharmaceutical data from an EPOR database from data providers to data consumers with real-time (sub-millisecond delay), secure access. Only the data requested can be provided with each request. The present disclosure can facilitate settlement between the data consumer and the data provider that can result in the exchange of digital currency (Bitcoin SV), cryptocurrency (e.g., Bitcoin®, etc.), utility tokens (such as EHRCash™), vouchers, wire transfers, ACH transactions, or other suitable currency, between the parties involved in the patient data request and provisioning. The present disclosure can eliminate the need for standard accounting processes (e.g., invoicing, statements, accounts receivable and accounts payable) in order to transfer money between data exchange partners.