Transformative Role of Cryptocurrency in the Healthcare System of UAE

Abstract

Abstract Key objectives: This review paper aims to highlight the importance of implementing crypto billing in the healthcare sector, with a specific focus on the Emirates Health Services (EHS) operating across the northern emirates of the UAE. The primary objective is to demonstrate how blockchain technology and smart contracts can enhance data security, privacy, and integrity in managing extensive electronic patient records. Methods: To achieve the objectives, a comprehensive review of literature and existing practices in healthcare billing and blockchain technology was conducted. The review focused on understanding the potential benefits of crypto billing, particularly in the context of the EHS. Additionally, insights from experts in blockchain technology and healthcare administration were gathered to inform the discussion on the implementation strategies. Results: The review underscores the potential of crypto billing, enabled by blockchain technology, to revolutionize healthcare billing processes. By automating and streamlining the billing process, crypto billing reduces administrative overhead and ensures greater transparency and accuracy in financial transactions. Moreover, the use of dynamic smart contracts allows for real-time, cryptocurrency-based payments, thereby facilitating decentralized decision-making and operational control with continuous system functionality. Conclusions: The review highlights the pressing necessity for adopting crypto billing within the healthcare sector. To realize the full potential of crypto billing, future efforts should focus on training healthcare professionals on utilizing smart contracts and decentralized payment gateways to optimize the efficiency of healthcare transactions and improve overall patient care.