An Ingenious Solution for the Collapsing Healthcare System
Just as the Wall Street Journal states: “Driven by faster internet connections, ubiquitous smartphones and changing insurance standards, more health providers [such as the WELL global healthcare network], are turning to electronic communications to do their jobs — and it’s upending the delivery of healthcare.”
Just as the Wall Street Journal states: “Driven by faster internet connections, ubiquitous smartphones and changing insurance standards, more health providers [such as the WELL global healthcare network], are turning to electronic communications to do their jobs — and it’s upending the delivery of healthcare.”
The growing population, omnipresent financial crisis, and collapsing healthcare system, is a global dilemma, as it now includes first world countries. John Noseworthy, The Mayo Clinic chief executive stated that: “Changing demographics, aging of Americans, and budgetary pressures at state and federal governments pose challenges to the fiscal sustainability in healthcare today.” To that end, upending healthcare delivery is absolutely crucial for the welfare of society at large. But there is hope. Thanks to high tech, a workable effective global solution in the form of telemedicine, is now making huge waves, and platforms such as WELL, are successfully cornering today’s international health care challenges.
After a great deal of research and planning with some of the best minds in the fields of medical care and fintech, WELL is building the decentralized global marketplace for healthcare, using blockchain technology to eliminate borders and directly connect healthcare specialists and patients around the globe via telemedicine. By creating a token for on-demand healthcare that solves the current problems of cross-border payments, data accessibility, and payment risk, WELL is able to cover all the continents across the world with doctors and practitioners who have the highest level of expertise in all major diseases. And on top of this, they have also established the charitable WELL social mission of “buy a visit, give a visit,” to help those in need.
At the present time, in the US, Europe, and elsewhere, the hurricane of financial concerns including government health policy, has forced hospitals to cut countless jobs. In addition to this, other healthcare providers are laser focused on cutting various clinical services including psychiatric care and abuse counseling; two specialized fields which research has proved, can treat patients very effectively via telemedicine.
And the list of positive research on successful telemedicine treatment for other conditions goes on and on, with: dementia, Alzheimer’s, diabetes, heart disease, COPD, dermatological conditions, eye conditions, arthritic problems, asthma, bronchitis, rashes, sinusitis, skin inflammation, prenatal care, and a whole host of other diseases and conditions. Some people who are learning about this for the first time may find this strange, but they are probably not aware of the state-of-the-art devices that are available to assist the remote doctor.
In fact, there is: “a wide range of wearable or implantable devices, including sensors, actuators, smart fabrics, power supplies, wireless communication networks, processing units, multimedia devices, user interfaces, software and algorithm for data capture, processing and decision support.” The aforementioned can: “measure vital signs, such as body and skin temperature, heart rate, arterial blood pressure, blood oxygen saturation, electrocardiograms (ECG), electroencephalograms (EEG), and respiration rate.” The results are recorded and immediately sent through a wireless sensor network to the doctor or medic. That way, the patient’s needs can be managed from the data transmitted.4 And this is where WELL is in a win-win situation. Their unique platform is standing strong in the face of the mainstream collapsing healthcare system, and giving great value to society, patients, doctors, and investors, alike.
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