Benefits of Blockchain Initiatives for Value-Based Care: Proposed Framework.

Background: The potential of blockchain technology to achieve strategic goals, such as value-based care, is increasingly being recognized by both researchers and practitioners. However, current research and practices lack comprehensive approaches for evaluating the benefits of blockchain application...

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Publicado en:Journal of Medical Internet Research Vol. 21; no. 9
Autores principales: Zhang, Rongen, George, Amrita, Kim, Jongwoo, Johnson, Veneetia, Ramesh, Balasubramaniam
Formato: Journal Article
Publicado: JMIR Publications Inc. Sep2019
Acceso en línea:Ver este registro en EBSCOhost
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      dt: Sep2019
      vid: 21
      iid: 9
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      pub: JMIR Publications Inc.
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        atl: Benefits of Blockchain Initiatives for Value-Based Care: Proposed Framework.
      aug:
        au:
          Zhang, Rongen
          George, Amrita
          Kim, Jongwoo
          Johnson, Veneetia
          Ramesh, Balasubramaniam
        affil: Georgia State University, Atlanta, GA, United States
      sug:
      ab: Background: The potential of blockchain technology to achieve strategic goals, such as value-based care, is increasingly being recognized by both researchers and practitioners. However, current research and practices lack comprehensive approaches for evaluating the benefits of blockchain applications.Objective: The goal of this study was to develop a framework for holistically assessing the performance of blockchain initiatives in providing value-based care by extending the existing balanced scorecard (BSC) evaluation framework.Methods: Based on a review of the literature on value-based health care, blockchain technology, and methods for evaluating initiatives in disruptive technologies, we propose an extended BSC method for holistically evaluating blockchain applications in the provision of value-based health care. The proposed method extends the BSC framework, which has been extensively used to measure both financial and nonfinancial performance of organizations. The usefulness of our proposed framework is further demonstrated via a case study.Results: We describe the extended BSC framework, which includes five perspectives (both financial and nonfinancial) from which to assess the appropriateness and performance of blockchain initiatives in the health care domain.Conclusions: The proposed framework moves us toward a holistic evaluation of both the financial and nonfinancial benefits of blockchain initiatives in the context of value-based care and its provision.
      pubtype: Academic Journal
      doctype: Journal Article
      ougenre: Article
    language: English
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