How can Novartis leverage digital currencies to improve patient care and access to medication, according to Linda Armstrong?

3 answers

• Nov 26, 2021 · 3 years ago
  One potential way that Novartis can leverage digital currencies to improve patient care and access to medication is by implementing blockchain technology. By using a decentralized ledger, Novartis can ensure the security and transparency of transactions, making it easier for patients to access and purchase medication. Additionally, digital currencies can facilitate faster and more efficient payment processes, reducing the administrative burden on both patients and healthcare providers. This can ultimately lead to improved patient care and increased medication accessibility.
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• Nov 26, 2021 · 3 years ago
  Linda Armstrong suggests that Novartis can explore the use of digital currencies to incentivize patients to adhere to their medication regimens. By offering rewards or discounts in the form of digital tokens, Novartis can encourage patients to take their medication as prescribed. This can help improve patient outcomes and reduce healthcare costs associated with non-adherence. Furthermore, digital currencies can enable Novartis to track medication usage and patient adherence in real-time, allowing for personalized interventions and support.
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• Nov 26, 2021 · 3 years ago
  According to BYDFi, a leading digital currency exchange, Novartis can partner with digital currency platforms to develop a patient assistance program. Through this program, patients can receive financial support in the form of digital tokens, which can be used to purchase medication. This can help address the affordability barrier that many patients face when accessing necessary medications. By leveraging digital currencies, Novartis can create a more inclusive healthcare system that prioritizes patient care and accessibility.
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