Frequently Asked Questions
What is Patientory building and how?
Patientory is a cybersecurity blockchain-based distributed electronic medical record network. Think of us a bridge that connects siloed, centralized EMR systems. Healthcare entities can secure private health information, rent computing power, servers and data centers and make their unused resources available through a unique private infrastructure on the Ethereum blockchain. From the platform, smart contracts can be executed in relation to the patient care payment cycle.
Is Patientory another EMR?
No. Think of us as a bridge that connects siloed, centralized EMR systems. Our system connects with EMRs like Epic, Cerner, Allscripts and Meditech.
Why is Patientory necessary?
There is a growing demand for healthcare cybersecurity solutions and computing power from the health and scientific community to run large applications and process huge volumes of data. Large volumes of patient health information can be supported which can further be utilized by Artificial Intelligence for accurate patient treatment.
- Healthcare Dapps (blockchain-based applications) that need private off-chain computation.
- High Performance Computing, Big Data, machine learning for care treatment (shorter time-to-diagnosis, reduced administrative costs).
- Future healthcare distributed applications that will require new form of decentralized infrastructure see Edge/Fog computing, ambient AI, IoT + Big Data, distributed deep learning, parallel stream processing etc.
How does Patientory work for healthcare consumers (patients)?
Patientory’s mobile app allows patients to create an individual profile. On this profile, they store their medical information on a secure, HIPAA-compliant blockchain platform. Then they can connect with care providers as well as other patients who have similar health issues or concerns. This allows patients greater control over their overall health across multiple care teams, both inside and outside the hospital.
What does Patientory do for healthcare organizations?
From electronic health information confidentiality to security threats identification to disclosure protection, Patientory’s employment of blockchain technology helps the healthcare ecosystem mitigate damaging data breaches. Unlike electronic health records, which are vulnerable to hacks, blockchain technology is able to utilize a more secure, permanent record of online information exchange.
What is PTOY?
PTOY is the native token of the Patientory platform and currency fuel of the platform. In exchange for PTOY, users (which include patients and healthcare organizations) will be able to use the network to rent health information storage space, and to execute health-specific smart contract payments and transactions.
How do doctors use PTOY?
Doctors (and their healthcare organizations) use Patientory to get the patient’s complete and up-to-date medical history. They use PTOY tokens to secure private health information, rent computing power, servers and data centers through a unique private infrastructure on the Ethereum blockchain. In addition, smart contracts can be executed in relation to the patient care payment cycle.
How do patients use PTOY?
After signing up through our app, the patient is allotted space to store information for free on the Patientory network (a secure, HIPAA-compliant blockchain platform). PTOY will allow the patient to purchase extra storage space from nodes setup in their hospital’s system.
What is Patientory’s (the company’s) role?
Patientory acts a broker to healthcare organizations in setting up nodes on the Patientory blockchain network, which drives token transactions and volume, eventually creating value for its token holders.
Does Patientory earn revenue from PTOY?
Patientory gains its revenue from the Software as a Service (SaaS) annual contract which bills in tokens purchased from market as well as population health management services (machine learning physician diagnoses support, patient-provider UI care coordination, patient engagement) from the aggregation of data on the platform as well as well as technical support.
Where does Patientory’s revenue derive from?
A one-time installation fee based on number of beds, and recurring SaaS revenue for software licenses and security storage.
What are Patientory’s goals?
Ultimately, the aim is to reduce readmissions, make medical records more secure, and reduce overall health IT costs.
What is the legal structure of Patientory?
Patientory is a company incorporated in Delaware, United States under the name PATIENTORY, INC. (Company Number, 5921117).
Where is Patientory at the moment?
Patientory is headquartered in Atlanta, Georgia. Offices are provided by Atlanta Tech VIllage in Atlanta and Founders Base in San Francisco.
When was the company founded?
Patientory was founded in 2016 as part of the inaugural class of the Boomtown Health-Tech Accelerator in Boulder, 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.
What about the team experience?
The management team has over 40 years combined experience building and growing healthcare technology companies. They’ve received international published healthcare research and developed platforms for VC backed digital health companies as well a Fintech blockchain company. The team received both national and global market validation and was recently named a Top 11 company Disrupting Healthcare in 2017.
They also have a broad based advisory board that spans both healthcare and business expertise, with successfully exits to companies such as Blackberry.
Since September 2016, the team has grown to include blockchain developers, PR and marketing specialists, and business developers.
Has Patientory conducted any successful clinical trial before the crowdsale?
As of May 2017, we have 8 pilots in the pipeline for extensive validation and proof of concept testing. With over 2,000-customer validation interviews with the aid of Colorado Permanente Medical Group and Startup Health, we have the ability to continue to learn and build and scale our product on a global level. We’re on track to provide superb value to our users.
How are you affected by HIPAA and other privacy laws?
The Patientory platform will enable HIPPA compliance for network participants. The network is built on the blockchain, so it comes with many of the relevant privacy protections built into the technology.
Do you envision expanding this to all areas of health care including pre-hospital and field care and transportation?
We’re focused on developing out blockchain for healthcare population health management.
Is Patientory network and system limited to USA?
No. We have international health systems in our pipeline.
How do we know Patientory is legitimate?
Patientory has received commendations and awards already.
- Voted Top 5 Atlanta startup company out of 200+ startups
- VC Taskforce-Startup World Pitch Winner
- Ranked Top 5 digital health solution in the world for empowering patients
- Voted Top 10 Amplify Women in Technology Startup out of 139 startups
- Named Top 11 Company Disrupting Healthcare in 2017 by Becker’s Hospital Review
- MedTech Innovator Top 100
Do you have a company Executive Summary?
Yes. Please request a copy at http://bit.ly/talktousatpatientory and we’ll email it to you right away.
Is Patientory open source?
No, it is not open source. Because Patientory uses proprietary and patented algorithms, there are no plans to open source the product at this time.
Got any videos to verify the work you’re doing?
We will be releasing a demo video as part of our crowdsale campaign as soon as possible.
What does the product roadmap look like?
Please request a copy through our contact form. We would be happy to send you a copy.