Frequently Asked Questions
What is Patientory building and how?
Patientory is a cybersecurity blockchain-based distributed electronic medical record network. Think of us as 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.
Why is the code not open source?
• There are two parts to the Patientory development effort:
• The Patientory Blockchain – which is intended to be open source.
• The Patientory Client Interface(s) – which are closed source.
• Currently, both efforts are closed source. However, it is our goal and intent to open source the blockchain portion of the technology when we believe we have made sufficient progress.
What are the details related to the FDA submission and the background history?
Our FDA submission was premature. After beginning the process of submission, we realized that the schema submitted would not be sufficient to move the approval process forward. To conserve capital and time, we withdrew our application. Subsequent internal audits of our roadmap led us to the conclusion that pursuing the FDA in the near term was not the best use of our time. As a result, we reduced the scope of our product release schedule to focus on items that allowed us to not only deliver against the vision articulated in our white paper but also give us the most significant impact. As we continue to make progress, our goal is to revisit the Machine Learning Technology initially intended for FDA submission. This scope reduction and reprioritization of effort are reflected in the latest release of our product roadmap found here –
patientory.com/roadmap or github.com/patientory.
What are the details about Hyperledger framework?
Blockchain is still a new technology and continually evolving. As an organization, we work very hard to keep a pulse on the space and the technologies developing within it. We are currently a general member and vendor partner of the HyperLedger Consortium. The membership/partnership gives us an opportunity to see first hand how the technology is developing and to build integrations between Patientory and Hyperledger where appropriate.
Is Patientory HIPAA compliant?
All healthcare/medical record technology in the U.S. that deals with private healthcare information is required to comply with HIPAA regulations. In addition to our existing efforts, we will continue to consult experienced HIPAA compliance professionals and experts as we develop our technology and market presence in the U.S.
When will the pilot program begin?
The pilot program will start once Patientory Core is complete. A private alpha testnet will proceed pilot programs. The pilot phase will give us an opportunity to iterate on core features and functions as we test them with our partners.
Please explain how the $PTOY token works with the app.
The current utility scope of $PTOY is as fuel for the network.
Does Patientory envision rewarding cryptocurrency for American and or Latin American’s that improve their health by using this system?
We believe the proper alignment of incentives is essential to the Patientory ecosystem. As we continue to build out our platform and open it up for contribution, we can see opportunities where a stimulus such as this could exist through Patientory or others who build on the network. At this stage of development, we are not offering this type of incentive.
Can you customize the dashboard for various organizations?
Our goal is to provide a system that is both consistent and dynamic. Consistent is the sense of usability, design and user experience. Dynamic in the sense that that usability, design, and expertise will integrate seamlessly with other EMR implementations through customizable dashboards that meet the needs of the organizations and the patients/customers that they serve.
Do you have potential consumers at this time?
Our current focus is on healthcare organizations, with consumer adoption close behind. We look forward to engaging the $PTOY Community as early adopters once we get to that point.
Is Kaiser still an Equity Holder?
Colorado Permanente Medical Group in conjunction with Boomtown HealthCare Accelerator was an early investor in Patientory, and are affiliated with Kaiser Permanente.
Where the team located?
We are in Atlanta, Georgia.
Are you able to mine $PTOY?
No, $PTOY is not a PoW token, as such, you cannot mine $PTOY.
When will there be a $PTOY specific wallet?
The Patient Portal, listed on our 2017-2018 roadmap under Patientory Core: Part 1 will include a $PTOY Wallet as part of its implementation.