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More articles from Volume 6, Issue 1, 2023
Walk Before You Run: Why Healthcare Needs Web 2.5 Before It Can Adopt Web3
Implementing Democratized Patient Health Record Access Through Distributed Ledger Technologies and Token Economics
Closing a Key Gap in DSCSA Compliance with Credentialing
Zero Trust: Enabling the Last Mile of Biomedical AI Research
Future Health: Leveraging Space for Health Innovation
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Generic Manufacturers Can Make BIG Changes with Blockchain Technology
Abstract
Blockchain technology has surfaced in the generic pharma arena addressing challenges associated with Contract Management, GPO interactions, and Chargeback adjudication. Manufacturers are now burdened with reducing overhead costs that impact the cost of each unit to get medication to patients safely, effectively, and efficiently. Blockchain technology can be used to enhance efficiencies in how partners interact including inventory management, sales data reporting, chargeback validations and rebate accruals.
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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