Patientory Digital Health Data Wallet

Patientory tackles the challenge of efficient and secure health data management in order to access clinical trials. With 153 million chronically ill Americans, including 40% of adults, there's a vital need for comprehensive solutions. Less than 5% of the population has participated in a clinical trial. Patients and providers still face challenges managing health data on a daily basis, as healthcare is generalized, not personalized, and data aggregation is limited. Both providers and patients lack the comprehensive data to make the most efficient decisions, as 66% of US citizens have concerns when health data is managed electronically and 75% of hospitals experience inefficiencies in cost and management due to complexity of care. Electronic medical records are not integrated seamlessly across providers and lifestyle data/SDOH is not a component of care plan creation, leading to rising healthcare costs and poor health outcomes. Providers, employers, and pharma cannot see the bigger picture due to the lack of interoperability and access across current management systems; they cannot create efficient care plans for patients without access to all patient data. This lack of access, Interoperability, and personalization has resulted in an increase in chronic illnesses.

Furthermore consumers currently lack the ability to monetize their health data, while data brokers profit significantly from selling this valuable information, amounting to $300 billion annually. This situation hinders consumers from making informed decisions about their health since they lack seamless access to their own data.

Patientory offers a digital health data wallet, empowering individuals to take control of their health data and earn personalized reward-based payments for maximizing their well-being. By addressing the exploitation of the $300 billion profit from health information sales by data brokers, Patientory ensures individuals have seamless access to their information and can make informed decisions about their health, with access to data marketplace services tailored to their specific health needs. 

Our platform also facilitates opportunities for users to participate in clinical trials. Our platform uniquely bridges the gap between EHR data and data from wearable devices, providing valuable insights to healthcare providers, researchers, and patients and offers a comprehensive solution for patients, healthcare providers, pharma companies, payors, and employers. Accessible through the IOS and Google Play App Stores, Patientory provides a user-friendly interface for its customers.

Patientory’s clients include but are not limited to:

● Patients
● Healthcare organizations to include hospitals and private practices
● Payors
● Pharmaceutical companies

Patientory serves a diverse range of clients, including patients, healthcare organizations such as hospitals and private practices, payors, and pharmaceutical companies. The target population encompasses individuals who are currently underserved in terms of efficient health data management and access. Patients often face fragmented health data, limiting their ability to actively manage their healthcare. Healthcare organizations struggle with interoperability and efficient data exchange. Payors seek more cost-effective and data-driven solutions, while pharmaceutical companies require diverse and consented health data for research. Patientory's platform prioritizes patient needs by offering a secure health data wallet that aggregates and manages their health information, granting them control and the ability to monetize their data. This solution addresses the gaps in healthcare data management, streamlines clinical trial recruitment, improves healthcare coordination, and empowers individuals to take charge of their health, ultimately leading to better health outcomes and a more equitable healthcare ecosystem.

Patientory's patient-centric approach addresses the unmet needs of a fragmented healthcare system, transforming the patient experience and driving healthcare innovation.

Our team at Patientory is uniquely well-positioned to deliver this solution due to our deep understanding of the healthcare landscape, combined with our commitment to addressing the evolving needs of the communities we serve. Chrissa McFarlane, CEO and Founder, has a long-standing dedication to transforming healthcare through technology. Our team represents a diverse range of backgrounds and experiences, which helps us relate to and connect with the various stakeholders in healthcare.

We engage with the communities we serve by actively seeking feedback, conducting user interviews, and collaborating with healthcare professionals, patients, and advocacy groups. We understand that meaningful solutions are co-created, and we prioritize community input and ideas in the design and implementation of our platform. This ensures that our solution aligns with the communities' agendas and truly meets their needs.

Patientory's commitment to meaningful engagement, user-centered design, and a team that reflects the diversity of the communities we serve ensures that our solution is not only technologically advanced but also empathetic and inclusive. We are driven to make a positive impact on the lives of patients, healthcare organizations, payors, and pharmaceutical companies by addressing their unique challenges and empowering them with a secure and efficient health data management solution.

Patientory's solution is innovative in several ways. Firstly, it centralizes health data, providing a personal health data wallet where users can manage and track their healthcare. This empowers individuals with control over their health data, enabling them to participate in the management of their own health.

Secondly, it utilizes blockchain technology to ensure data security and privacy, adhering to regulatory guidelines like HIPAA and GDPR. By combining this cutting-edge technology with a decentralized approach, Patientory offers a secure and encrypted platform for managing health data, setting a new standard for data privacy in the healthcare sector.

Furthermore, Patientory's AI Care Plan Coach leverages the aggregated health data to create personalized care plans. These plans are based on a user's medical records, lifestyle, and other personal health data, resulting in more targeted and effective healthcare recommendations.

This innovation has the potential to catalyze positive impacts across the healthcare industry. It can enhance patient engagement and self-management, reduce healthcare costs through preventive measures, and streamline clinical trial recruitment, thereby advancing medical research.

Moreover, Patientory's innovative solution has the capacity to disrupt the market by setting a new benchmark for health data management, privacy, and personalized healthcare. As more healthcare organizations and individuals recognize the importance of data control and privacy, Patientory's approach could inspire broader adoption of secure, blockchain-based health data management solutions. This has the potential to create a significant shift in how healthcare data is handled, ultimately improving patient outcomes and driving efficiencies throughout the healthcare ecosystem.

Patientory's solution directly aligns with UN Sustainable Development Goal 3: Good Health and Well-Being. By empowering individuals with control over their health data and providing personalized, data-driven care plans, Patientory contributes to the promotion of good health. It facilitates better patient engagement and adherence to treatment plans, leading to improved health outcomes. Moreover, Patientory's innovative technology supports efficient clinical trial recruitment, which accelerates medical research, the development of new treatments, and the advancement of healthcare knowledge, all essential components of achieving Goal 3. Patientory's commitment to health data privacy and security, in line with regulatory guidelines, also ensures that individuals' health information remains safe, supporting overall well-being. Through these contributions, Patientory actively works towards promoting good health and well-being for all, as outlined in the UN's sustainable development agenda.

Patientory's solution harnesses AI technology for personalized healthcare. The AI components are built on a foundation of patient data, which includes a combination of diverse data sets, including medical records, lab results, wearable device data, and genomic information. Patientory's proprietary approach lies in its ability to seamlessly integrate this multifaceted data to create a unified and comprehensive wellness profile for each patient. This patient-generated data is collected through the Patientory platform, which combines real-time data capture and advanced analytics.

The key AI components within Patientory's solution include predictive analytics, data storage on a blockchain, aggregation of health data from multiple sources, and a layer of artificial intelligence and machine learning. This AI infrastructure processes, analyzes, and interprets patient data to generate actionable insights and personalized care recommendations.

For acquiring and curating data, Patientory follows strict data privacy and security guidelines, including HIPAA and GDPR compliance. The patient-generated data is collected with their consent, ensuring that all information is ethically and legally obtained. The blockchain technology, specifically the PTOYMatrix, provides a secure and decentralized environment for storing, sharing, and analyzing this data while maintaining its integrity.

Patientory is also committed to ensuring data quality, completeness, and accuracy. Data is validated and cross-referenced with various sources to enhance its reliability. As a result, the AI components can operate on high-quality, real-world patient data, enabling the generation of precise insights and recommendations to drive improved health outcomes.

Ethical and responsible use of AI is a paramount concern for Patientory. To address and mitigate potential risks, our solution adheres to strict ethical guidelines and regulatory frameworks, including HIPAA and GDPR, to ensure the privacy and security of patient data. Patientory's consent-based approach ensures that data is collected only when patients provide informed consent.

Risks related to data security are mitigated through the use of blockchain technology, particularly the PTOYMatrix, which provides robust encryption, immutability, and decentralized storage. Data breaches are minimized by design, and the technology enhances data security while also reducing healthcare-related fraud and errors.

To address ethical concerns, we follow best practices and guidelines in healthcare data management. Our platform enables patients to have control over their data, granting them access to their health information and allowing them to choose whether to monetize their data for research and clinical studies. This ethical approach empowers patients to be active participants in their healthcare journey.

Furthermore, the use of AI in our solution is guided by ethical considerations, and we're committed to providing transparency in how AI is utilized to make healthcare recommendations. We continually assess and update our practices to align with emerging ethical standards in healthcare data usage and AI technologies, ensuring responsible and patient-centric application.

Patientory is dedicated to addressing these challenges and potential risks through ongoing risk assessments, compliance with regulatory frameworks, and ethical considerations, contributing to a more responsible and secure AI-driven healthcare ecosystem.

In the next year, our primary impact goal is to expand the reach of Patientory, ensuring that we are directly improving the lives of at least 100,000 individuals by empowering them to take control of their health data and participate in research and clinical studies to optimize their well-being. This will be achieved by scaling our user base, establishing strategic partnerships for wider adoption, and continually enhancing our technology platform to offer even more personalized health insights.

Over the next five years, we aim to have a transformative impact by reaching and benefiting over a million individuals. Our long-term goal is to be a key driver in facilitating an evolution in how healthcare data is managed, leading to a more patient-centric, data-empowered, and efficient healthcare system. We plan to achieve this by expanding our user base and strategic collaborations, contributing to broader healthcare data management reforms, and enhancing our AI capabilities to offer increasingly personalized health recommendations.

Our strategy to accomplish these impact goals is rooted in continuous innovation, ethical practices, and user-centric design. We will prioritize the expansion of our user base through targeted marketing and partnerships while also actively engaging with the healthcare industry to advocate for data-driven and patient-centric care models. Additionally, our ongoing commitment to compliance with data privacy regulations and ethical AI usage will build trust with users and stakeholders and ensure long-term sustainability.

By achieving these impact goals, Patientory aims to make a significant contribution to UN Sustainable Development Goal 3 for Good Health and Well-Being by empowering individuals with control over their health data, ultimately improving their health outcomes and well-being.

Full-Time: 4

Part-Time: 1

Patientory, as an organization, has been working on our healthcare data management and AI solution for a duration of six years. Over this time, we have continuously evolved our technology and services to address the ever-changing landscape of healthcare and data management, culminating in a robust and innovative offering that has the potential to significantly impact the healthcare industry.

At Patientory, we are deeply committed to fostering diversity, equity, and inclusivity (DEI) throughout our organization and our work. Our leadership team is composed of individuals from diverse backgrounds, including various ethnicities and genders, reflecting our dedication to DEI principles. We actively seek to expand the diversity of our team by implementing inclusive hiring practices and ensuring that our workforce represents a broad range of experiences and perspectives. We have initiated training and education programs to raise awareness of DEI issues among our employees, encouraging open dialogue and understanding. By creating an inclusive culture, we aim to ensure that every team member feels valued, respected, and heard. Furthermore, we are actively exploring partnerships and collaborations with organizations that share our commitment to DEI values, striving to create a more equitable and inclusive digital health landscape. Patientory is resolute in its mission to contribute to a healthcare industry that is accessible and supportive for all, regardless of their background or identity.

Patientory's operational model is based on three key pillars: technology development, engagement with stakeholders, and a data-driven approach to healthcare improvement. Our team is organized into cross-functional units, ensuring that we efficiently cover all aspects of our solution, from technological development to marketing and outreach.

In our engagement with key stakeholders, we have established partnerships with healthcare providers, pharmaceutical companies, and research organizations. This not only validates the relevance of our solution but also creates a network effect, where these stakeholders become advocates for Patientory. Our user-centric approach focuses on constant feedback and iteration based on user needs and preferences.

Access to the tools needed for success has been ensured through strategic collaborations and partnerships. These include data access agreements with healthcare providers and the utilization of secure, compliant, and scalable cloud infrastructure.

Our plan to implement the solution encompasses a phased approach. Initially, we will focus on expanding the reach of our health data wallet, increasing user adoption, and strengthening our AI capabilities. Subsequently, we aim to introduce blockchain technology into more healthcare systems, enabling secure and interoperable data exchange. Throughout the execution, we prioritize monitoring and continuous improvement to ensure the highest level of impact and user satisfact

Patientory's financial sustainability plan revolves around a diversified revenue model. As a B2B2C and D2C subscription-based service, we offer monthly subscription plans to our customers. Our revenue streams are multifaceted. We actively seek new customers through marketing and advertising strategies. We establish partnerships and collaborations with healthcare organizations, research institutions, and other stakeholders, which not only expand our user base but also generate revenue through these partnerships. Our consumer app is a direct revenue generator, allowing individuals to subscribe to our services. Furthermore, our involvement in clinical trials not only strengthens our mission but also adds a revenue source.

In the long term, our revenue streams are projected to cover our expected expenses, ensuring financial sustainability while we continue to innovate and expand our services to improve health outcomes for our users.

Current Operating Costs: $932,940 USD

Projected Operating costs for the next year : $1,505,257 USD

We are requesting $100,000 in funding for our continued work in 2024. This amount has been carefully selected based on the specific needs of our project, including the development and scaling of our innovative solutions in healthcare technology. The funding will be primarily utilized for product development and enhancements, especially in expanding the capabilities of our Patientory Digital Health Data Wallet. Additionally, a portion of the funding will be allocated to marketing and outreach efforts to increase our user base and engagement. We believe that this amount will significantly contribute to our project's success

The Cure Residency presents a transformative opportunity for Patientory. Seed funding would catalyze the expansion of our services and impact. Furthermore, mentorship is invaluable for fine-tuning our strategic approach and accelerating our growth. Access to lab space is particularly exciting, allowing us to explore new dimensions of our work and further innovate in the health data space. Educational programming can enhance our knowledge and capabilities, ensuring we remain at the forefront of cutting-edge technologies. The networking opportunities are equally promising, enabling us to connect with like-minded innovators and potential partners. In sum, the Cure Residency would be a significant step toward scaling our mission of empowering individuals with their health data.