Patientory
Patientory is a data management platform providing users with the ability to own and control their personal health data.
Website: https://patientory.com/
HQ: Atlanta, Georgia, United States
Active Markets: Global
Problem Addressed
Patient health information exists largely in siloed data management systems fragmented between various provider on-premise and cloud storage models. This makes it difficult for patients to navigate between these systems. Siloed data also leaves untapped the potential to apply machine learning and AI analyses to these large data sets, which can better inform patient treatment.
Project Description
Patientory facilitates ownership of health data for patients, and access to health data for researchers and enterprise organizations through a single blockchain-enabled platform. Patients retain ownership and rights over their information, and enterprises may generate important insights and analyses to understand disease patterns, identify trends, accelerate drug discovery, or advance medical technologies. Patients benefit from the potential to participate in monetizing their data while more efficiently, securely, and portably storing this information.
Patientory provides two decentralized applications that manage and store patient health data on their own private blockchain, de-siloing this information to drive early detection for patients and generate insights to improve population health outcomes. The Patientory mobile app allows patients to securely store medical information on a HIPAA-compliant blockchain, coordinate care plans, and share data with multiple providers. Patientory’s NEITH, an enterprise analytics and data management platform, facilitates a health data marketplace and machine-learning generated insights.
Patientory’s platform provides an opportunity for underserved communities to have greater access and control over their health data. With the costs and fragmentation of these systems often disproportionately impacting lower socioeconomic communities, Patientory’s compensation model provides a possible route towards reducing costs for these individuals, facilitating the portability of their data, and generating personalized care plans and preventative care recommendations.
Business Data
Status: Active
Constituency Served: patients, research organizations
Networks: PTOYMatrix
Known Investors: R/GA Ventures, Novartis, Moda Health, GSK, EXPERT DOJO, Colorado Permanente Medical Group, Backstage Capital, Arlan Hamilton, American Heart Association, Oregon Enterprise Blockchain Association, Startup Health, MedTech Innovator, Boomtown Accelerators, Newchip Accelerator, Mass Challenge, Moda Health
Additional References: N/A
Progress to date
In April 2024, Patientory was selected as one of The Technology Association of Georgia’s 2023 Top Innovative Technology Companies in Georgia. Only two months earlier had the company successfully raised an additional over $325 thousand, adding to the company’s total funding raised to date of $8.7 million. As of April 5, 2023, the Patientory network is said to represent 95% of all electronic medical data in the US.
Business Model
Patientory generates revenue through subscription fees for consumers and enterprises.
Traction
In December 2023, Patientory announced a partnership with Wharton’s Impact Venture Associates. At that time, Patientory had more than 45 thousand platform subscribers and had generated over $4 million in pharma clinical trial contracts. As of September 2023, Patientory had connected and aggregated data from over 24,000 health systems to their network. While in Beta, the clinical trial tracker attracted over 2,000 people for pre-screening and geographical matching of trials.