Healthcare and Life Sciences
Healthcare and technology innovations go hand-in-hand in taking good care of people. Technological advances in the healthcare sector continue to impact the quality and span of life. Partners in the health ecosystem are looking to remove the stumbling blocks that limit its advancement by integrating artificial intelligence, machine learning, data analytics, and Blockchain.
When medical professionals have access to comprehensive patient data records, they understand the entire medical history and provide better treatment. Patients need not burden themselves with managing paper records and carrying them everywhere. Privacy regulations like GDPR and mandates like HIPAA necessitate having patient consent management in place. Thus, concerns like interoperability, transparency, claim settlement, and sharing of patient health records are forcing payers, providers, health information exchanges, and third-party administrators alike to arrive at digital solutions that relieve the industry of these barriers. They seek results where patients can enjoy better and comfortable healthcare.
Coforge combines its technical know-how with domain expertise to bring innovative solutions for healthcare organizations. Coforge's Healthcare Life Sciences experts recommend to use appropriate technologies to design plug-and-play digital assets. These assets provide a jumpstart to organizations without having them to start from scratch. The digital solutions focus on specific problems of healthcare stakeholders. The transformation takes place for organizations without investing in a technology overhaul. This transformation also retains the best technology set up by customers and improves organizations’ business revenues and margins.
Healthcare Transformation Digital Assets
Blockchain is a robust, stable, and well-researched technology. According to a medical journal, Estonia is a forerunner in integrating Blockchain in healthcare since 2012. “Currently, its entire healthcare billing, 95% of health data, and 99% of prescription information is digitally maintained via blockchain.”
Our Healthcare Life Sciences experts leverage the technology to produce transformative solutions for the healthcare entities.
Features like smart contracts, consent management, Distributed Ledger Technology, and information sharing help:
- Secure the network infrastructure
- Enforce contractual obligations
- Honor patient data privacy
- Instill transparency
- Facilitate immutable audit trails to make organizations compliance-ready
Pharma manufacturers and consumers benefit from our digital solutions that validate drugs' origin and use IoT to authenticate the drugs' tamper-proof status. These solutions also help curb the counterfeit drugs menace effectively. Supply chains find value as the in-transit medicines retain their efficacy as they are continuously and digitally monitored. Stakeholders get their insurance and the supply chain claims settled, and get automated payments quickly. Members in a payer’s network find it convenient to receive a clear Explanation of Benefits statement.
Blockchain Digital Assets
Sharing Patient Health Record
Almost every hospital has adopted a patient health record (PHR) system to manage their patients' records containing their health details. However, these systems continue to manage these records in silos.
Claim Settlement
Whether it is financial service or insurance industry, transaction settlement has been far from easy. A lack of transparency, elaborate ways to store and reconcile information, human-errors, and forgery compound these challenges.
Anti Counterfeiting in Drugs
Manufacturing or distributing pharmaceuticals fraudulently for monetary gains results in counterfeiting. Counterfeit medicines are deliberately and fraudulently mislabeled and are substandard, therefore do not produce the desired effects
Connected Health
A Blockchain-based solution that provides payer, providers, third party administrators, Health Information Exchanges, accountable care organizations and other entities an integrated view of the services rendered to patients.
Blockchain Evaluation Framework
To assist you in evaluating Blockchain and identifying the right use case, Healthcare Life Sciences experts have developed an evaluation framework that helps our customers to decide whether Blockchain is the right technology to adopt.
Blockchain Jumpstart Kit
Coforge's TrustChain deployment solution works as a Blockchain Jumpstart Kit, enabling the organization to set up Blockchain infrastructure on cloud platforms quickly.
Other Digital Assets
The healthcare sector uses these assets to bring operational efficiencies, reduce cost per claim, with faster results. Coforge brings a host of in-house accelerators to transform businesses using AI and automation, thus bringing about cost-effectiveness.
With a heap of technologies already set up in healthcare organizations, businesses often grapple with these challenges:
- Provide access to the latest innovative solutions with the least learning curve
- Have the right platforms for API integration and API management
- Unearth actionable information from a mountain of data
- Shorten the time-to-market for new launches
- Cut development costs
Coforge's digital transformative accelerators harness the power of artificial intelligence, machine learning, and natural language processing to overcome these business concerns. Artificial Intelligence with cognitive technologies ensures that various programs and tools take over simple automation jobs like data entry and tagging. Smart accelerators that cut out the manual tasks and give us the much-needed resource - time!
Delve into these transformative assets to discover the benefits to the healthcare organizations.
Microservices Reference Architecture
Microservice architecture (MSA) is an approach to build software systems that decomposes business domain models into smaller, consistent, bounded-contexts implemented by services to gain business values.
Cloud Optimization as a Service
Overage is a common issue for the customer in the cloud. Coforge Optimization as a service helps the customer in developing compact ongoing optimization and Governance process that efficiently handles cloud spends.
iEval - API Gateway Evaluation Framework
This framework enables you to compare, evaluate and select the right API Integration and Management product that helps you to accelerate business innovation, craft new digital business models and build new channels and ecosystems.
SLICE
Coforge Open Source based content extraction framework for extracting data unstructured data from sources like Email, PDF, Word, Excel and scanned documents using AI, ML, NLP, OCR and other cognitive technologies.
Digital Health Worker
Digital knowledge worker having cognitive capabilities spearheads the next level of AI adoption in enterprises. Supports and augments existing specialist workforce like underwriters, claim specialists, mortgage specialists etc.
Fabric.AI
Fabric.Ai is a low code Artifical Intelligence and Machine Learning platform that enables organizations to automate machine learning and deliver predictive models 10 times faster by reducing the efforts involved.
Monetize Studio
Monetize Studio is a suite of jumpstart accelerators for implementing data science use cases for Travel, Hospitality, Banking, Finance, Insurance, Logistics, Media, Retail and Healthcare industries.
Innovation Labs
Coforge Innovation Lab uses advanced technologies to solve complex business problems of the healthcare industry. We help our healthcare customers adopt digital transformation journeys that include Robotic Process Automation, Artificial Intelligence, Machine Learning, Connected Devices, and Blockchain.
Our Innovation Lab offers tools and platforms to enable smart decisions via end-to-end process automation and business intelligence by using image recognition, NLP, OCR, chatbots/digital assistants, video analytics/insights, and extensive learning.