#patientory

According to a BIS Research report, the global healthcare market is expected to have grown at an annual compound rate of 64% by 2025. It is also projected to hit a 5.6 billion USD valuation by then. The report observed that blockchain could play a crucial role in overcoming the challenges and failures inherent in legacy systems. Blockchain application in health information interactions is anticipated to be a major driver towards achieving this market capital. 

Blockchain technology has massive potential to resolve the recurring issues present in the current healthcare IT systems. The issues are primarily associated with non-standardization and interoperability lapses that have produced information silos within the industry. The BIS report name-dropped major pace-setters in the new phase of healthcare, and one of them was Patientory. 

Below, we examine what Patientory is and why it stands out as the optimal solution for healthcare facilities, especially clinics and pharmacies.  

Patientory: A Brief Overview

Patientory enables healthcare institutions, enterprises, patients, and clinicians to transfer and access sensitive health data securely. It also assists in presenting actionable insights to enhance health results. Patientory uses blockchain technology through the PTOYMatrix blockchain network to assure end-to-end encryption, which complies with administrative guidelines and agreement terms.

Tokenization

The Patientory’s token PTOY allows healthcare app users and providers to rent data storage space on the PTOYMatrix and execute health-specific smart contract exchanges. Additionally, it facilitates compensation through a commission model designed to reward high-quality care. 

Patientory will reward early adopters with PTOY, the native token of the Patientory network. The Patientory network is a protected, locked loop dispersed ledger system uniting all the stakeholders in the healthcare ecosystem. It flawlessly transfers health information within a highly secure, blockchain-powered system. 

A Useful App

Patientory offers a free-to-use app to its users. The app seamlessly connects to your wearable devices and mobile apps to observe vital statistics on activity and health. It is designed to present and help you monitor your general health status on its dashboard.

Why is Patientory the Best Solution?

Patientory was created to solve the recurrent problems of the present healthcare ecosystem. It was also designed to accommodate the shifting trends in healthcare management. So, what makes it the best solution for clinics and pharmacies?

Better Reviews

Many health specialists believe that patients with access to their information are usually more involved during appointments. It also makes them more inclined to be proactive with their health. 

With Patientory, patients can share their entire medical history with their doctors through aggregated information from many medical facilities and healthcare providers, all in one place. 

Enhanced Management

For doctors, blockchain introduces them to personnel management systems that expedite their daily duties seamlessly. Doctors can maintain their schedule, place electronic requests, and transfer or receive referrals online efficiently with Patientory. These automation devices and suggestions will help doctors and patients save time.

Securely Share Data

Patientory uses blockchain technology to provide a secure space for health information storage and transaction. Patientory combines blockchain technology with complicated APIs to make electronic health record interoperability and information storage swift, effortless, and reliable. 

Patients can also safely share data with their doctors, nurses, family members, specialists, and caregivers or talk through Patientory’s reliable messaging platform.

Conclusion 

The healthcare system is rife with growth opportunities that will only increase as the years advance. However, this potential will go unrealized when people are discouraged from visiting healthcare facilities because of redundant procedures. That is why Patientory looks to solve the perennial problems of the system while also maintaining flexibility to accommodate future growth within the industry.

Your Health, at your fingertips.

One of the essential tactics that governments advocated to control the spread of the Covid-19 pandemic was proper tracking and reporting based on a transparent model. After living with the Covid-19 pandemic for almost two years, countries worldwide have invented and adapted many tools, processes, strategies, apps for tracking and reporting on active cases, cured patients, deaths, and vaccinations.

The current healthcare system had to contend with overwhelming demands for medical services and equipment. The pandemic brought to the surface flaws in the management of the health equipment supply chain and a lack of essential medical resources.

Patientory has brought several solutions to combat the COVID-19 pandemic and elevate the stress on health providers and patients. 

Distributed Vaccination Hubs

Recently, twelve fake vaccination hubs were reported in Mumbai, India. Thousands of people have fallen victims to the organized scam. The doctors injected saline water and collected fees of up to $28,000 while administering more than 2,500 fake vaccination doses. 

The incident highlighted the deficiencies of the current healthcare system, especially in the middle of a global crisis. Vaccination hubs are a form of distributed medical care, and the PTOYMatrix network blockchain enables the registration of every distributed medical hub. The identity and credentials of every physician and nurse are accessible and verifiable through the network. Every health institution has a list of employees, credentials, designation, and roles. 

Drugs Supply Chain

The use of fake vaccination is preventable when blockchain is integrated with the healthcare system. The technology tracks the raw materials supply, manufacturing process, shipping, and distribution of every drug. The FDA has approved RFIDs to track drug and medicine shipments. It eliminates any chance or risk of receiving counterfeit drugs and enforces integrity and transparency. 

The Internet of Things (IoT) technology comes into play for receiving and transferring data collected from RFID. The data will show the location and time of collecting and delivering drugs shipments.         

Contact Tracing

Governments around the world are tackling the spread of Covid-19 through many metrics and digital applications. Every individual must install and use a mobile app that shows the current health status and alerts them when they are in proximity to a recently positive case. The problem with this model is that there’s no privacy and protection of individuals' information or geolocation. Patientory provides a contact tracing service that alerts people without relieving any sensitive information.

Telemedicine

The use of telemedicine as an alternative approach to outpatient care has grown rapidly during the pandemic. Even though telemedicine is not a new approach, the patient and medical institution faced significant problems communicating through these conventional methods. The Department of Justice has charged more than 100 licensed practitioners submitting false insurance claims worth $6 billion. Implementing healthcare blockchain technology eradicates the risk of fraud and data theft, also saving up to 85%. Patientory provides a secure blockchain network that verifies every claim and records every information exchange and transaction in an immutable manner.     

Conclusion

Patientory brings a new perspective to handling large volumes of medical data. The platform enables individuals and organizations to securely and anonymously record health data. In addition, the blockchain network provides actionable and valuable insights to improve an individual's health outcome.

Your Health, at your fingertips.

Blockchain technology is enjoying increased popularity within the global healthcare industry. According to Blueweave Consulting, it is estimated to reach 4.72 billion USD by 2027. This astronomical figure looks more realistic as more people and organizations adopt blockchain technology. Patientory joins an illustrious list of companies leading the blockchain revolution in healthcare. Other notable names include IBM, Factom, Guardtime, Change Healthcare, Chronicled, Hashed Health, and Gem.

Let us take a closer look at how the Patientory network works. 

Bird’s Eye View of Patientory

Patientory consolidates all your medical data within a single database to maintain, trace, and administer your healthcare needs. It has features tailored to cater to the needs of every stakeholder within the healthcare industry. 

The Patient

Patientory provides patients with the most secure solution to protect their health data against cyber attacks. The safe system it provides allows them to store and send health information and also complete transactions. Patientory incorporates blockchain technology with complex APIs to facilitate electronic health record interoperability as well as swift, effortless, and dependable data storage. 

The Doctor

With Patientory, doctors can safely share data with learned colleagues, patients, family members, caregivers, or specialists. Health professionals agree that patients are usually more responsive in planning their treatment when they have access to their data. 

The Care Team

Patientory’s core feature is its smart contract system. It sends notifications to community doctors and patients to promote real-time medical mediations and patient monitoring. It also allows users to communicate with their care providers and doctors instantly. 

The Community

There are thousands of users on the Patientory network already. Discuss your health concerns with other community members and learn from their experience.

The Security

Patientory assures security using a sophisticated encrypted middleware that also caters to the high-volume needs of contemporary health ITs. Users need not worry about sharing sensitive data with the Patientory network. 

Tech Details

There are several immediate difficulties in developing blockchain proof of concept. They usually revolve around two conspicuous concerns: privacy and scaling. These difficulties affect enterprise blockchains.

In addition, the inadequate two-tiered architecture proffers version control problems. Hence, it is challenging for in-house IT teams to complete.

The Smart Contract

This multilevel structure offers a distinction of issues similar to contemporary web architectures. The middle layer allows the platform to interface efficiently with existing systems and scale effectively off the chain. Hence, the smart contract flows safely on and off the blockchain. 

Easy to Implement

Patientory generates, configures, and verifies smart contracts enabled on the blockchain. It leverages conventional cloud middleware and current application services to support blockchain expansion for nodes off and on the chain. 

Implementing advanced application services such as OAuth and biometrics, real-time information and billing, and individual health insurance data are now possible within this infrastructure. Applications can be expanded using established development devices, eliminating time-consuming learning curves for implementing and onboarding.

Triple Layers

Patientory uses these three layers to ensure safety - the presentation layer (touchpoint), middleware (smart contract), and schema (shared database of the distributed truth among nodes on the blockchain).

Conclusion 

Patientory aims to hand the initiative to patients in deciding their healthcare options. It also provides a faster and safer information storage and transfer system for medical institutions using blockchain technology. Patientory delivers on its promise through a complex system of layers, smart contracts, and encrypted middleware.

Your Health, at your fingertips.

Blockchain has the potential to make the healthcare system more efficient. According to BIS Research, it could save up to 100 billion USD in yearly costs by 2025. This metric considers health data violations, personnel, support functions, operation, and IT costs. 

Let us look at how blockchain improves medical service.

Medical Record Management

Electronic medical records provide a convenient service to expedite online access compared to conventional paper medical archives. These records contain sensitive data that is shared among medical professionals and clinicians when needed. They keep the patient’s medical history saved in an electronic form. The problem with EMR systems is that they are prone to cyberattacks. In addition to that, data could be lost due to backup errors and malfunction. In the event of data loss, thousands of work hours are lost.  

Integrating blockchain technology secures health records and stores them in a decentralized, reliable, and tamper-proof manner. It eliminates the need for double work and reduces the number of administrative tasks.  

Telemedicine

The utilization of remote healthcare services has risen exponentially during the Covid19 pandemic. Hospitals opted to implement telemedicine as a new approach to serve outpatients.  

Telemedicine reduces the workload on medical staff and relieves the limited medical resource from additional strain. In addition, it offers cost-effective and impartial access to medical care for patients. 

Remote healthcare services like Telehealth face insurance fraud challenges and identity theft problems. The PTOYMatrix network blockchain eliminates any chance of fraud or manipulation. The identity of each health provider, insurer, and patient is registered on the PTOYMatrix network. The exchange of health information is secure, transparent, and tamper-proof. 

Remote Medical Care

Robotic remote surgeries and ingestible sensors are medical care methods that involve sending and receiving large volumes of medical data. Another example is smart devices in gathering patients’ data and uploading health information to a centralized server. The communication between IoT, IoMT devices, and centralized servers occurs at significant risk of security breaches. 

The PTOYMatrix network eliminates data breaches and interruption of communication due to hackers and unscrupulous characters with questionable motives. The data is securely transferred utilizing the cryptography characteristics of the PTOYMatrix network blockchain. 

Medical Service Management

PTOYMartrix network provides large-scale interoperability between patients and healthcare providers. The network supports secure data transfer, medical care tracking, identity verification, and data exchange authentication.  

Moreover, the network can track a doctor’s intervention to mitigate medical conflicts. This data also helps medical organizations and patients to choose doctors with experience relevant to their needs.

Data on the efficacy of physician licenses and certificates are updated in a permanent decentralized database. At the same time, patient information is exclusively collected and accessed anonymously by authorized physicians.

Community Structure

The community is a support group of healthcare workers and volunteers that provide comfort and emotional support. The privacy of the PTOYMatrix network blockchain offers a space for healthcare communities. Patients receive advice and guidance from registered and certified medical professionals.

Conclusion 

The future offers great potential for the application of blockchain in the healthcare system. With more developments, it is primed to afford more productivity to healthcare workers and stakeholders.

Your Health, at your fingertips.

Patientory Inc. is developing decentralized apps (dApps) that integrates with the world’s largest healthcare blockchain system.  . It is accelerating a revolution in the healthcare system and gives users freedom with their health data. Can you imagine the benefits for industry players when patient data can be securely exchanged among healthcare facilities? 

With secure storage and instantaneous patient data sharing across healthcare facilities, the Patientory network (PTOYMatrix network) facilitates holistic patient care. The processes also require fewer intermediaries and physical infrastructure, making them more efficient and cost-effective.

PTOYMatrix network blockchain omits intermediaries and lowers transaction costs

Blockchain technology creates a distributed ledger of transactions and exchange of information without a central point of failure. Thus, the blockchain network is shared across many nodes that interact directly without intermediaries. As a result, you do not incur an additional cost of central control by an authority.

The current Electronic Health Record (EHR) systems are controlled by individual hospitals and incur substantial overhead costs. The trustless, transparent, and immutable nature of blockchain transactions helps detect and prevent fraud in the healthcare system quickly. 

Patientory leverages the benefits of blockchain technology, allowing patients, healthcare providers, and healthcare facilities to interact directly without a central authority. Consequently, it does not cost as much. 

Blockchain processes and synchronizes data. PTOYMatrix network blockchain retrieves your health records, allows you to communicate with the community, and shares records with a care provider instantaneously. Real-time processing reduces transaction costs.

Patientory has a merit-based compensation system

You can use the Patientory mobile app to store and access your medical data at no cost. However, charges apply when you need more than the 10MB limit. Patientory issues PTOY utility tokens and runs on a closed payment loop. Users can buy storage space for health data and access healthcare services on the app in exchange for PTOY tokens. The value of the PTOY tokens is dependent on demand. PTOY is linked to the Ethereum cryptocurrency. 

Miscommunication of patient data can jeopardize patient health. In fact, it is a statistically significant reason for hospital readmissions. Patientory reduces costs associated with such errors by allowing convenient data sharing. It also rewards healthcare providers when they coordinate and work together on the app.

Care providers with the highest contribution towards the shared savings on the PTOYMatrix network blockchain receive merit-based compensation. In addition, Patientory allows patients to give PTOY tokens to care providers who excel in providing quality health care. The app also levies penalties on providers who fail to meet proper patient care standards. 

Conclusion

The vision of Patientory’s CEO, Chrissa McFarlane, is the accessibility of quality and affordable healthcare throughout the world. Patientory is changing the future of the healthcare sector using the power of blockchain technology. It permits efficient patient data sharing and coordination between different stakeholders in the healthcare system.

Patientory’s underlying technology and model of care saves billions of dollars in the healthcare industry. The app provides quality care, along with cost-effective care, by attaching the payment system with a quality metric.

Your Health, at your fingertips.

Electronic health records (EHR) are great software solutions that manage and organize patient data. However, they are not perfect. The problem with most EHR systems is the lack of security and protection of the networks. Simply put, health organizations do not have large cybersecurity budgets, which explains their susceptibility to malicious attacks.

Practicefirst, a medical management company, reported that an unauthorized actor stole the files and data information of more than 1.2 million people. Medical Informatics Engineering, a provider of web-based EHR systems, suffered a cyber attack in 2015. The attacker made away with patients' data including names, mailing addresses, and even social security numbers. According to the US Department of Health & Human Services, 833 breaches and hacking cases have occurred in the last 24 months and are still under investigation. According to research conducted by Trend Micro, the healthcare sector has the highest cyber crimes rates compared to other industry sectors.     

EHR databases are lucrative and attractive targets for cybercriminals. A single database can sell for up to $500,000 on the deep web. Hackers prefer stealing EHR databases since they contain valuable information like financial and insurance records. 

Why Are EHR Systems Not Secure Enough?

EHR systems have many shortcomings and vulnerabilities. For example, some IoMT devices are not adequately secured for internet connection, firewalls are not correctly set, and no data encryption methods are implemented. Some health providers even neglect antivirus tools altogether. 

Other drawbacks are related to hiring IT staff without cybersecurity implementation experience. The IT staff focuses on efficiency and processing aspects and ignores security.    

Synchronizing Patientory With Your EHR System

Patientory lays a new framework and structure for existing EHR systems. It provides a new mechanism for storing and exchanging healthcare information. Hospitals have the opportunity to join the PTOYMatrix network blockchain and become full nodes, while Existing EHR systems can be synchronized with The PTOYMatrix network blockchain through EHR Sync Service. Active nodes, passive nodes (Ethereum miners), and participants ensure the privacy and security of every information exchange. 

Patientory is the revolution that the healthcare system needs. Unlike traditional systems where hospitals store medical data, the patient becomes the owner of their healthcare data. 

The infrastructure of blockchain eliminates any chance of security breaches or hacks. The only way a malicious actor will have access to the network is through a leak of private keys. In the case of a single private key leak, one individual’s data only will be exposed. 

Healthcare database nodes do not connect directly to the internet. Instead, they interact with the outside world through the PTOYMatrix network blockchain. It’s a private blockchain implementation that grants access to only the network participants.   

The exchange of healthcare information is secured by end-to-end encryption, user verification, and authorization from the data owner. The healthcare hosting nodes are HIPAA-compliant and follow the Patientory framework.   

Patientory infrastructure proves that blockchain is the solution to halting health data breaches. Decentralized apps and smart contracts will play a role in securing the transfer and collection of large volumes of data from IoMT and wearable devices. Moreover, advanced technologies like big data and machine learning will speed up diagnosis and treatment plans. Patientory is the path for creating a Smart Healthcare ecosystem.

Your Health, at your fingertips.

Medical, surgical, and treatment history is invaluable to dispense healthcare services properly anywhere in the world. Any physician has to view the medical history of their patients. It gives an overview of the patient’s health status and helps the physician in diagnosis. 

In addition, the physician will prescribe suitable medication based on the patient’s treatment history and allergies. In some cases, the physician may have to conduct further exams before reaching a diagnosis. 

A quick medical record survey will reveal a patient’s admission history, allergies, medication, or other relevant medical events. This information is essential for diagnosis.    

Difficulties in Gathering and Accessing Medical History

The absence of medical history negatively impacts patient convalescence more frequently than any factor. Inconsistency in a patient’s record causes higher costs and treatment time per patient. The patient also faces other annoying challenges when the medical record is incomplete. Imagine recounting a life-changing experience to every medical professional you see, which is the situation in many places worldwide right now. It explains why health care is better in areas with proper documentation is better than in places without. However, there is room for improvement. 

The methods of collecting and saving medical data are prone to errors and inaccuracies. Stored data is also susceptible to getting lost or misplaced. These risks are due to the low-security levels in EHR systems and medical computer networks.  

Using Patientory to Record and Maintain Medical History 

Blockchain and distributed database networks ensure the integrity of medical records. In the Patientory ecosystem, the individual is the sole owner and authorized entity controlling their medical data. 

Individuals can view their health status, set goals and receive personalized care plans through the Patientory decentralized mobile app. The individual sits at the core of the healthcare ecosystem. Every health stakeholder works directly with the patient, who has a major role in the decision-making process. 

The security and immutability features of blockchain technology protects EHR systems and medical computers networks. For example, when an IoMT device sends and receives large volumes of data, the blockchain security shields the information from external parties. Healthcare data is constantly monitored and gathered from medical devices and even mobile phone sensors. Blockchain ensures the security and accuracy of the collected data as well.     

Patientory Blockchain

Patientory blockchain or the PTOYMatrix network blockchain ensures end-to-end encryption when transferring healthcare data. The network consists of HIPAA-compliant storage servers, patients, hospitals, and insurers. Healthcare providers access the network and interact with patients through NEITH, an enterprise software tool. PTOY is the utility cryptocurrency of the PTOYMatrix network blockchain. It facilitates healthcare information exchange and data storage. 

Conclusion

Maintaining medical records and treatment history is serious business. Implementing blockchain technology reduces the chances of misdiagnosis, saves lives, and keeps money inside wallets. It also engages patients in their medical treatment and recovery plan. Blockchain technology is forming the foundation for the next generation of healthcare systems. The sooner medical systems adopt blockchain, the faster medicine enjoys the rapid advancement it needs to ensure increased longevity and optimal health.

Your Health, at your fingertips.

In this age of smart devices and mobile applications, people are bombarded with an overwhelmingly large number of lifestyle applications. The problem with lifestyle and medical applications was that they created information silos. Fitness applications specialized in one area like bodyweight apps, gyp apps, and rope jump apps. Tracking and monitoring fitness, nutrition, and mindfulness goals quickly become complex.

The Patientory dApp solves these problems. It offers personalized and unique care plans by exploiting the most advanced technologies available anywhere. It also provides healthy individuals and patients a single resource to record and track their lifestyle, medical and wellness goals.     

Objectives of the Patientory Mobile dApp

The Patientory team built a decentralized mobile app with the user at the center of the PTOYMartrix network blockchain. Patients and healthy individuals access and view their medical information conveniently and securely. Individuals become custodians of their medical and healthcare information thanks to the Patientory mobile dApp.

Lifestyle Goals, Medical Metrics, and Wellness

Healthy individuals and patients collect and monitor any data related to their lifestyle, medical condition, and wellbeing through the Patientory dApp. The data is collected from various inputs like mobile phones sensors, wearable devices, smart measurement scales, etc. The dApp monitors nutrition quality and water intake levels as well.      

Medical metrics like blood tests, vitamins levels, allergies, hypertension, diabetes, x-rays, and other vital signs tests are accessible through the Patientory dApp. This dApp allows health providers who are part of the PTOYMatrix network to record any medical data or treatment history on the individual’s account. Access to medical data benefits the individual in any future hospital visits or when receiving a new prescription. 

Physical and mental health are vital parts of an individual’s wellness. Many people lost social connections because of the pandemic and faced changes in their daily routines. Patientory dApp offers an advanced wellness tool. Healthy individuals who wish to keep a tab on their meditation and breathwork goals may utilize the wellness tools. Patients can also keep a record of their mental health history and medicine intake timings.  

Personalized Care Plans

The mobile dApp provides personalized care plans for each user. It calculates the overall health score based on physical activity, nutrition quality, medical health, and wellness using advanced technologies like big data and Artificial Intelligence to identify patterns and trends. 

Artificial Intelligence and machine learning algorithms provide personalized data considering past, present, and future health outcomes. The dApp suggests tips that optimize every individual’s health status.

Why is Healthcare Data Custodianship Important?

Although lifestyle features are available on other mobile apps, Patientory dApp brings complete control to the individual. The individual authorizes health providers to access and utilize their health data under their consent.     

Conclusion

Patientory has built a mobile dApp that brings all aspects of health in one place. Health goes beyond the absence of illness. Lifestyle goals and wellness are no longer separated from medical status. Healthy individuals and patients are the rightful owners of their health data, and Patientory protects this right.

Your Health, at your fingertips.