Blockchain for the Healthcare Sector

½ Day Program

The Impact of Blockchain on HealthCare course provides a in-depth understanding of the impact of blockchain on the healthcare marketplace, how blockchain is impacting the issues of healthcare and how accounting will be impacted. It is not essential for attendees to have any blockchain knowledge, however understanding the technology of blockchain technology offers a high value to those investing in instruments that rely on this technology.

Course attendees will gain an insight into the impact of blockchain as it relates to accounting services within the health care sector.

Prerequisites:  None
Technical Requirements: personal laptop (PC or Mac)

Course Delivery is VGS and SSO and Live

COURSE OUTLINE

Module 1 – Blockchain and the Healthcare Sector

Recognizing the need for the technology while introducing the size and scope of its impact in Healthcare.

• Identifying the needs of the healthcare sector
• Patient records
• Healthcare Security Costs
• Blockchain’s Potential Impact

Module 2 – Blockchain 101

Providing learners with a baseline understanding of the primary concepts of the technology

• How does Blockchain work
• Blockchain Properties
• Recognize Public, Private and Hybrid Blockchains
• Blockchain Security
• DLT beyond Cryptocurrencies
• Discussion: Identify the Security Risks of Blockchain

Module 3 – Blockchains Impact on Healthcare

Identifying the savings for the Healthcare Sector along with the opportunities and benefits of adoption

• How blockchain is being used in healthcare
  • Business model disruption
  • Tokenization of services
  • Insurance Industry benefits
  • Healthcare Industry benefits
• Examples of healthcare blockchain uses
• Benefits and challenges for healthcare
• What applications are successful in the current environment
• Market Trends
• Blockchain Use Cases

Module 4 – How Blockchain Implementation will impact Accounting

• Potential uses for blockchain in accounting and audit
  • Traceable audit trails
  • Automated audit processes
  • Authentication of transactions
  • Tracking ownership of assets
  • Development of ‘smart contracts’
  • Registry and inventory system for any assets, ranging from raw materials to intellectual property
• Transaction processing
• Reconciliation and control
• Impact on Audit Practices
• Digital Identities

Module 5 – Opportunities and Risk in the healthcare sector

• Current state of technology
• Opportunity assessments – How blockchain may enhance today’s accounting practice
• Blockchain based accounting

• Compliance with accounting standards
• Regulatory compliance
• Vision and Opportunities
  • Auditor of smart contacts and oracles
  • Service auditor of consortium blockchains
  • Administrator of blockchains
  • Arbitration of blockchain issues
• Strategies and Barriers
• Embracing Disruption

Module 6 – Preparing your Firm for Blockchain

Identify and formulate ways that your firm can prepare for blockchain.

• Evaluation and Challenges
• Activity: Identify a use case that would be impactful to your clients
• Acceptance and Action Plan