Healthcare organizations are working for improvements in patient outcomes and operational efficiency, using technology. The 2018 Accenture Digital Health Technology Vision Report published May 2018 states that, “91% of health executives believe blockchain and smart contracts will be critical for their organization over the next three years.” This is clearly an exciting time for the healthcare sector as many organizations are adding new technologies, to enhance their operations. This will create better experiences for patients, physicians and healthcare workers. Meanwhile there are rising information security risks, which is why it is vital to begin securing health information in the healthcare blockchain to mitigate health data risk and related financial penalties.
Patientory, Inc. is an industry-leading pioneer of blockchain based solutions for healthcare. Incorporated in 2015, Patientory is recognized as an award-winning innovator in healthcare information technology. Many veteran healthcare organizations are calling upon Patientory to discuss its technology solutions and consulting services. It is the first-mover in distributed App (dApp) and blockchain-based software solutions for healthcare that address the complex challenges faced by today’s healthcare industry. Its mission is to empower consumers to better manage their own health information, thereby improving their quality of life and health outcomes, while delivering benefits to all healthcare stakeholders.
The Successful Journey of the Company
Patientory was incorporated and initiated as part of the inaugural class of the Boomtown Health-Tech Accelerator, in Colorado. This led to a collaborative exchange with the Denver-based Colorado Permanente Medical Group, part of the Kaiser Permanente consortium, based in Oakland, California. Patientory is also part of the Startup Health portfolio, a global organization leading the movement to transform health.
In 2017, The Patientory Stiftung was established to be a global not-for-profit, healthcare member-organization that connects healthcare industry adopters of disruptive technologies, right now with a focus on blockchain adoption. It provides neutrality for its PTOY utility currency that provides users access to the platform to store and secure health information. The PTOY coins are utilized to access the PTOYNetTM, a private permissioned blockchain with data storage. This blockchain is similar to that which cryptocurrencies like Bitcoin currently operate upon.
Passionate and Humble Leadership of Patientory
Chrissa McFarlane is the CEO and Founder of Patientory, Inc. She is a passionate entrepreneur, working towards making a difference in the healthcare sector on a global scale, and has achieved unprecedented success in a highly compressed timeframe. Chrissa is among the youngest female CEOs in the Healthcare IT industry, and is a highly sought after global speaker. She brings more than ten years’ experience in the healthcare industry conducting research and managing teams. Her passion for healthcare began in high school, where she conducted microbiology research at the Albert Einstein College of Medicine and won top honors. Later at Cornell University, she worked with organizations such as the US Department of Agriculture.
Chrissa is named as one of the top women, “leaving their mark on the medtech field in health IT.” As an innovator, she recognized that healthcare provider organizations urgently need secure, scalable, and cost-effective health information management solutions that empower patients and healthcare organizations to use actionable data to make clinical decisions for improved operational efficiency and health outcomes. Thus, Patientory was born.
Distinctive Products and Services
The Patientory, Inc. dashboard software for healthcare provider and payer organizations, and the Patientory App for consumers, provide easy, secure means to store and better manage health information. The Mobile App empowers consumers to take better control of their health and to manage their healthcare information both clinically and financially with greater accuracy and efficiency.
Primarily, the app allows easy access and precise sharing of their medical information that is secured within the healthcare blockchain. It provides users better control over their health information, with a more complete picture of their health and goal setting. It allows customers to receive targeted access to health information, healthcare support, educational resources and community. It also enables them to utilize and manage a broader and more efficient array of payment options.
The Patientory, Inc., Dashboard – is currently testing for large healthcare organizations, with a current EPIC, Cerner, Meditech, or Allscripts installation. This dashboard is a population health management software solution that regulates and safeguards patient data in the blockchain, while providing convenient secure access to actionable health information, and clinical administrative decision support. It enables physician-coordinated care, enhanced by peer-to-peer patient support.
Professional Services are for healthcare organizations that leverage Patientory’s technology. Typical customers are healthcare organizations that require interoperability or custom use case development. Patientory Professional Services provide customization of the blockchain application, integration, faster deployment, as well as ready access to blockchain technical and expert resources.
Patientory’s Unique Selling Proposition
Patientory solutions empower patients, clinicians and healthcare organizations to readily harness meaningful data to make more effective and efficient treatment, and financial decisions, enabling real improvement opportunities as well as the safe access, store and transfer of information, thus improving care coordination while ensuring data security within a secure HIPAA-compliant PTOYNetTM blockchain.
The company offers unique solutions that interconnect with most EHR systems, thereby enabling doctors, care providers and consumers to communicate on a single easy-to-use platform. Also, its solutions will work with almost any healthcare blockchain; bringing together into actionable form many previously inaccessible data sources. These range from EHRs, to patient monitors, wearables, and Apps, connecting this data into a more complete view of a personal health information (PHI). Benefits of the solutions will include the following:
Sustainable risk mitigation
Patientory takes PHI security to the next level as it uses blockchain technology, ensures end-to-end encryption, and adheres to current regulatory guidelines and compliance requirements.
- Data risk reduced – HIPAA compliant, reduced risk of PHI data breaches and related penalties
- Patient risk reduced – greater consumer engagement, control, and responsibility with their PHI
- Financial risk reduced – reduced readmissions, broader reimbursement options
Operational performance improvement and efficiency
- More efficient access to health data for physicians saves time
- Better controlled access to current PHI, from a wider range of current data sources
- More proficient access to sources of payment, and rules of payment for claim resolution
Financial performance improvement
- Enables efficiency for diverse payment methods (including cryptocurrencies and soon electronic claim reimbursement)
- Saves costs by reducing the need for duplicative tests/radiological scans and related measures
Patientory, Inc. has been recognized with accolades including the following:
- Ranked Top 5 digital health solution in the world for empowering patients, alongside multi-million-dollar revenue companies
- Voted Top 10 Amplify Women in Technology Startup Company out of 139 startups
- 2018 Globe Award Winner in International Trade by U.S. State of Georgia
- Top 11 Company Disrupting Healthcare in 2017
- 2017 Company of the Year by the Metro Atlanta Chamber
Healthcare is embracing a wave of technology and cultural changes. Patientory’s vision is to provide solutions that will enable doctors, care providers and consumers to communicate on a single easy-to-use platform, one that interconnects with most EHR systems, while also enabling a wider array of payment types. Patientory, is continuing to lead advancements in artificial intelligence, blockchain, and is working with the industry’s uptake of the Internet of Things (IoT) to better serve healthcare consumers, providers, payers and BioTech while creating a more accessible, efficient, effective continuum of care throughout a patient’s life, and wherever they may travel.