When it comes to healthcare, the game has changed. With the introduction of virtual reality and augmented reality (VR and AR), telemedicine and telehealth services, artificial intelligence (AI) in healthcare, and so much more in the future, things are set to change even further. So what does this mean for healthcare companies? First, they need to step up their game to remain relevant in the future.
With growing interest in VR, AR, AI, and other digital innovations, companies have established themselves in this virtual space. From AI-enabled chatbots to AR clinical training simulations, plenty of opportunities are available right now for those willing to take advantage of them.
Top 10 Web3 Healthcare Companies
These top 10 web3 healthcare companies have taken significant steps toward becoming established in this space.
- Cognition Health
- Bloom Built
- Sapien Network
- Humara Inc.
- Doctor on Demand
- Helping Hand Organization, Inc.
InnVenn is a medical research company and one of the top healthcare companies in web3 that uses blockchain technology to track research data. It works with clinical trials to store and publish research data on its blockchain platform. Kirt McMaster founded the company, a former chief data scientist for the pharmaceutical company Merck & Co. Its platform uses a blockchain-based system to store and manage data across research trials and to provide publicly verified data. InnVenn uses the Ethereum network and claims its decentralized architecture enables highly efficient data storage and distribution.
Cognition Health is a clinical data management and analysis company. It partners with hospitals and health systems to improve the quality of patient care. Through a combination of cloud-based technology and its proprietary software, Cognition Health helps medical professionals monitor patients. With the help of technology, they allow experts to examine patients’ medical conditions and track the effectiveness of treatments. The company offers a suite of products, including Epocrates, a consumer health information platform. Epi-Info, a clinical decision support tool, and CareScore, a patient safety and quality program. The company entered the blockchain space in 2017 with the launch of its Cognition Health Blockchain (CHB) platform. The CHB makes it easier for hospitals and physicians to exchange medical data.
3. Bloom Built
Bloom Built is a medical research company that provides a blockchain-based platform for storing, tracking, and verifying health data. The Bloom Health Network enables secure, HIPAA-compliant health data storage and sharing. It also offers a suite of clinical applications, including Bloom Health, Bloom Health Research, and Bloom Health Analytics. Bloom Health is a patient health record and research platform that helps patients share and manage their health data. It is HIPAA compliant with other regulatory frameworks, including the Food and Drug Administration (FDA) and the European Union’s General Data Protection Regulation (GDPR). Bloom Health Research is a medical research marketplace.
It lets patients monetize their health data by choosing how they want to share it. It uses Bloom Tokens, a cryptocurrency-based platform, to let patients control their data use, which makes the token particularly useful for research involving sensitive health data. Bloom Health Analytics is a clinical decision support platform that helps patients and doctors make informed decisions. It uses Bloom Tokens as a payment option and integrates with the other Bloom products to provide a full suite of clinical applications.
Meridius is a medical research company that focuses on applying blockchain technology to the research industry. Founded in 2015 by Dr. Clyde T. Whitcomb, Jr. and Dr. Michelle Y. Lee, both of whom formerly worked as pharmaceutical executives. The initial focus of the company was the development of a cannabinoid-based drug delivery platform called MERID, which is both an evidence-based drug delivery system and a novel cannabinoid-derived therapy. MERID’s platform integrates blockchain technology with its existing medication management system to offer a number of benefits, including the ability to track patients’ data and verify medical claims. It also lets healthcare organizations share data with researchers to crowdsource potential new treatments.
5. Sapien Network
Sapien Network is a healthcare technology company that offers a blockchain-based platform to help patients manage their health data. It aims to solve both the data management and security issues that come with sharing health data. The platform features an ecosystem of decentralized applications (Dapps) that let patients view, share, and store their health data. To manage the data, patients can use the Sapien Network smartphone app to view, share, and edit their data. The app integrates with medical providers’ electronic health record systems to provide full patient data visibility. Adam Cohn, a former executive at Facebook, Airbnb, and Groupon, and Daniel Castano, a former executive at Google and Goldman Sachs, created this company in 2019.
6. Humara Inc.
Humara Inc., a biotechnology company, focuses on the development of novel therapeutics for the treatment of cancer. The company uses a proprietary cell-based technology to generate therapeutic proteins and then deliver them to the patient’s tumor through an injection. Its therapeutic proteins have demonstrated an ability to disrupt the tumor cell cycle, which leads to the cell’s death.
Humara initially focused on the treatment of solid tumors, such as pancreatic and colorectal cancers, but is now expanding its pipeline to include the treatment of blood cancers, such as leukemia and lymphoma.
7. Doctor on Demand
Doctor on Demand (DO), a San Francisco-based startup that offers remote monitoring for a fee, and Vitality Health, a Washington-based company that offers a nominal fee. AI-based remote patient monitoring lets patients access their health records and medical data remotely, thus removing the need to travel to a doctor’s office. By letting patients view their health information remotely, companies can help reduce the risk of medical errors and improve patients’ access to care. Companies that provide remote monitoring can also offer patients a convenient way to track their health data and receive alerts about potential health issues. Other remote monitoring companies include Patient Guardian, HealthTap, and Ping.
8. Helping Hand Organization, Inc.
Helping Hand Organization (HHO) is a nonprofit organization aiming to improve healthcare access by training young people in virtual reality technology. The company partners with hospitals, health insurance companies and military veterans to help train young people with special needs in the use of virtual reality technology. HHO offers a variety of programs, including a health education program for African-American high school students and a medical training program for medical school students. HHO uses virtual reality technology to help young people with special needs better understand how their bodies work and get medical training in virtual reality. The company also uses virtual reality to help people with special needs. It can help them learn how to navigate the health insurance system better. HHO also offers a health education program to help African- immigrants better
The Benefits Of The Web3 Technology For Healthcare Companies
Creating a web3 platform for the healthcare industry is a step toward medical innovation. It focuses on improving community health, empowering people through symbolic rewards, and protecting data infrastructure. The potential for network development and information sharing between communities is limitless because
Sharing Data In Real Time
The price of clinical trials can be decreased, thanks to blockchain technology like web3. While the drug is still in the development stage, all departments can operate concurrently. A new drug’s development and subsequent clinical trials can take at least 10 to 12 years, and the tests are very expensive. Pharmaceutical companies encounter many obstacles when collecting data and enrolling trial participants. The cost is ultimately transferred to the drug users. Real-time data sharing has advantages for everyone, from researchers and doctors to reviewers and marketers.
Easy And Organized Information retrieval
The personalized healthcare system will also benefit doctors and patients. Patients’ treatment costs will be lower if doctors are better able to understand their patients’ needs and respond quickly.
So, NFTs and Web3 integration are unquestionably necessary if we want to improve the healthcare sector. For instance, the NFTs for healthcare heroes have enabled an estimated 135 million healthcare professionals and their supporters to purchase NFTs. Additionally, NFT owners will receive a number of advantages like fleece, medelita scrubs, and scholarships. Additionally, 20% of NFT sales proceeds will be donated.
Web3 Healthcare is a rapidly emerging space that can bring a lot of value to the global healthcare sector. Blockchain technology has the potential to drive significant innovation in healthcare and pharmaceuticals. The highly decentralized nature of the blockchain helps the system that requires no server farms, cloud storage, or data centers. This means that it is much more secure and efficient than traditional databases and cloud providers. Although many exciting developments are happening in this space, it’s important to remember that blockchain’s age. It is still growing from its early stages and is not yet being widely used. That said, there are a number of blockchain healthcare startups that have already made a name for themselves. They have great potential to become leaders in the healthcare blockchain space.
The healthcare sector is one of the most demanding industries in terms of standards, research, and innovations. It can be challenging for businesses to keep up with all the changes. But there are companies that rise above the rest by embracing change and finding opportunities in new technology with the help of listed healthcare software companies.
We have already seen a number of healthcare companies venture into virtual reality. They help by training doctors to deliver services more efficiently. As we continue to see more developments in this space, it’s important to consider which companies work for long-term success. And this was the list of 10 Web3 Healthcare Companies that Established Themself in Virtual Space. Hope you have enjoyed this guide.