An advanced healthcare app that lets users create a patient profile to keep track of their health history, Patientory aims to connect digital medical records without compromising privacy. In an effort to achieve this goal, Patientory has announced the launch of their token sale, scheduled for May 17th, 2017.
Patientory is enabling early supporters to secure PTY, the token that will power the Patientory network, which is a secure, closed loop distributed ledger system connecting all parties in the healthcare ecosystem to exchange health data within a highly-secure, blockchain powered health information exchange.
Tokenization will incentivise care providers to provide superior care and adopt innovative practices that yield better patient care outcomes – effectively providing compensation to reward providers that work together to ensure improvement in the quality of care whilst at the same time reducing associated care costs.
CEO of Patientory, Chrissa McFarlane remarked: “In order for the US to successfully move away from the fee-for-service model to the current value-based model, there has to be a healthcare IT infrastructure that allows organizations to link quality, value and effectiveness of medical interventions through a reputable compensation model. Our proposal renders the ability for payors to transfer PTY tokens as incentives to providers that offer superior care that yield better patient care outcomes to be compensated proportionally to their effort in the resulting shared savings. Digital health transformation is happening now. We’re really excited to launch our token sale and empower the healthcare community to support blockchain technology and its ability to truly disrupt healthcare and drive faster innovation.”
Patientory’s vision is to deliver population-health management solutions that assist healthcare organizations in boosting clinical outcomes through physician-coordinated care. A patient-centred protocol supported by blockchain technology will empower individuals to manage their health records in a format that offers true interoperability and security.
Using blockchain technology, Patientory encrypts medical patient information in hospitals and insurance companies so that it is not centralized data, but it is distributed, meeting HIPPA Security Rules. Being able to coordinate patient care via a blockchain HIE essentially alleviates unnecessary services and duplicate tests with lowering costs and improvements in efficiencies of the continuum care cycle.
Patientory’s white paper, the holy grail of blockchain for healthcare, outlines a detailed description of their vision, the market, development roadmap and the upcoming crowd sale of its tokens.