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Benefits of Blockchain Initiatives for Value-Based Care: Proposed Framework
Rongen Zhang1, Amrita George2, Jongwoo Kim3
1Georgia State University, Atlanta, GA, United States.
Journal of Medical Internet Research
|October 2, 2019
Summary
This study introduces an extended Balanced Scorecard (BSC) framework to holistically evaluate blockchain initiatives in value-based healthcare. It provides a comprehensive method for assessing both financial and non-financial benefits.
Area of Science:
- Health Informatics
- Information Systems
- Technology Management
Background:
- Blockchain technology shows promise for strategic goals like value-based care.
- Current evaluations of blockchain applications lack comprehensive approaches.
- There is a need for robust frameworks to assess blockchain's impact in healthcare.
Purpose of the Study:
- To develop a holistic framework for assessing blockchain initiatives in value-based care.
- To extend the existing Balanced Scorecard (BSC) evaluation framework for this purpose.
- To provide a method for comprehensively evaluating blockchain's performance in healthcare.
Main Methods:
- Literature review on value-based healthcare, blockchain technology, and evaluation methods.
- Proposal of an extended BSC method incorporating financial and non-financial perspectives.
- Demonstration of the framework's utility through a case study.
Main Results:
- An extended BSC framework with five perspectives (financial and non-financial) for evaluating blockchain initiatives in healthcare.
- A structured approach to assess the appropriateness and performance of blockchain applications.
- Empirical validation of the framework's usefulness via a case study.
Conclusions:
- The proposed framework enables a holistic evaluation of blockchain initiatives in value-based care.
- It addresses the need for comprehensive assessment of both financial and non-financial benefits.
- This contributes to a more thorough understanding and strategic implementation of blockchain in healthcare.
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