Last updated: 06 October 2019 07:29 AM
Healio provides a secure marketplace for verified medical research and Electronic Medical Records (EMR) data. It acts as a bridge between individuals, medical researchers and data firms. It facilitates the protection of privacy and security concerns of health data of the individuals and gives them complete ownership.
Health research, while necessary, is inefficient and costly. This is mostly because public datasets are not aggregated and key terms are not easily searchable. As much as 85% of medical research is redundant, costing us nearly $200 billion annually.
The privacy and security of health data also poses a large ethical concern. Studies show that more than 80% of consumers are willing to share their health data for research—but it must be private and secure. Lastly patients have had little control over their health information. In research, participants are paid for their data but are then separated from any future use of that data.