Patientory Secures US $1.5 Million Financing for Blockchain Health Data Service
It is reported that Patientory, a blockchain health data service company, has announced the completion of US $1.5 million financing, and Arlan Hamilton, Colorado Permanente Medical
It is reported that Patientory, a blockchain health data service company, has announced the completion of US $1.5 million financing, and Arlan Hamilton, Colorado Permanente Medical Group, RGA Ventures+Moda Health, Expert Dojo, GlaxoSmithKline, Novartis and the American Heart Association have participated in the investment. Patient launched an “intelligent” health data wallet application on Wednesday, allowing users to securely store their information. Its blockchain based and HIPAA compliant private medical data ecosystem can synchronize medical records and wearable device health data, allowing users to better control and track their own health status. （Axios）
Patientory, a blockchain health data wallet company, completed a $1.5 million financing
Introduction
Patientory, a blockchain health data service company, has received US $1.5 million in financing from renowned investors like Arlan Hamilton, Colorado Permanente Medical Group, RGA Ventures+Moda Health, Expert Dojo, GlaxoSmithKline, Novartis, and the American Heart Association. On Wednesday, Patient launched an “intelligent” health data wallet application that enables users to securely store and control their information.
Table of Contents
1. What is Patientory?
2. Why is Patientory important?
3. How does Patientory work?
4. Benefits of using Patientory
5. Patientory’s intelligent health data wallet application
6. Security and compliance
7. Future of blockchain in healthcare
8. Conclusion
What is Patientory?
Patientory is a blockchain-based health data service company founded in 2015, headquartered in Atlanta, Georgia. The idea behind Patientory is to create an ecosystem in which individuals can manage their private medical data securely while allowing physicians and researchers access to anonymized data to improve care delivery and outcomes.
Why is Patientory important?
The healthcare industry has been plagued by a lack of interoperability, privacy concerns and administrative inefficiencies, which Patientory addresses through its blockchain-based platform. In the United States, the Health Insurance Portability and Accountability Act (HIPAA) enforces strict privacy regulations, and Patientory ensures that its platform is HIPAA compliant.
How does Patientory work?
Patientory employs the blockchain technology to create a decentralized network where patients are in control of their health data records. The secure platform enables the storage, management, and sharing of personal health records between patients, doctors, insurers, and researchers.
Benefits of using Patientory
Using Patientory has several benefits for both patients and healthcare providers. Firstly, it enables patients to access and control their health records from anywhere at any time, which ensures that physicians have a more comprehensive and up-to-date view of their health history. Secondly, it simplifies medical billing and insurance claims processing for providers. Finally, Patientory’s anonymized data allows researchers to identify trends, track outcomes, and develop personalized treatments based on large-scale data analytics.
Patientory’s intelligent health data wallet application
Patientory launched an “intelligent” health data wallet application that allows users to store and manage their health data securely. The wallet synchronizes medical records and wearable health device data that patients can control through their mobile devices. This application provides a more comprehensive view of patients’ health, enabling better care delivery.
Security and compliance
Patientory adheres to the highest security and compliance standards under HIPAA regulations. Additionally, it uses blockchain technology’s distributed ledger to secure data without compromising privacy. This technology provides trust and transparency, making it suitable for the secure storage of sensitive medical data.
Future of blockchain in healthcare
As the healthcare industry continues to shift to digital platforms, blockchain technology is increasingly being used to improve healthcare systems. Its ability to secure medical data in a decentralized infrastructure makes it a viable solution for healthcare providers and patients. Innovations like Patientory’s intelligent health data wallet application highlight the potential of blockchain in improving healthcare.
Conclusion
Patientory’s secure and compliant blockchain-based platform is a significant step towards improving healthcare access and delivery. The US $1.5 million funding secured by Patientory is a testament to the breakthrough achieved by the platform. With the successful launch of Patientory’s intelligent health data wallet application, the future of healthcare looks promising.
FAQs
1. Is Patientory HIPAA compliant?
Yes, Patientory is HIPAA compliant and observes the strictest privacy standards to ensure that patient data is secure and confidential.
2. Can patients control their health data through Patientory’s intelligent health data wallet application?
Yes, patients can control and manage their health data through Patientory’s “intelligent” health data wallet application, enabling them to track their health status and provide healthcare providers with a more comprehensive view of their health history.
3. How does Patientory’s platform benefit healthcare providers?
Patientory’s platform simplifies medical billing and insurance claims processing for providers, allowing them to focus on their primary objective of delivering better care to patients.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/14424/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Silvergate Bank’s Investment Strategy and Losses
It is reported that Silvergate Bank, a cryptofriendly bank, invested most of its new funds into longer-term bonds. Before its deposits began to shrink rapidly …
-
Is Dash A Security? The Dash Community Refutes SEC’s Claims
On April 18th, it was reported that the Dash community responded to the statement by the US Securities and Exchange Commission (SEC) that Dash is a type of security, stating that \”
-
Shanghai Sets Timetable for Withdrawal of Locked ETH Holdings
According to reports, analysts at cryptocurrency research firm Delphi Digital stated in a report on Thursday that Shanghai has set a timetable for stakeholders to withdraw their lo
-
#OP Labs Unveils op-erigon: A New Alternative Execution Client for Ethereum Smart Contracts
On April 21st, OP Labs announced that TestinProd has developed an alternative execution client, op-erigon, using modularity and open source OP Stack. It can now be tested on OP Goe
-
Algorand Foundation Launches AlgoKit: A Developer Toolkit for Building Web3 Applications
It is reported that the Algorand Foundation, the ecological parent company of Algorand (ALGO), has announced the launch of the developer tool kit AlgoKit to build Web3 applications
-
FDIC Enters First Republic Bank Site Amid Accelerated Bank Run
On March 12, Mike Alfred, the founder and managing partner of Alpine Fox LP, revealed on social media that the Federal Deposit Insurance Corporation (FDIC) of the United States has entered the First Republic Bank site to try to determine the best way to protect depositors. Considering the accelerated bank run that has reached the critical point, things are developing much faster than expected. The US FDIC has settled in First Republic Bank, and the bank’s capital wire transfer transaction has been stopped Analysis based on this information:The founder and managing partner of Alpine Fox LP, Mike Alfred, recently took to social media to share a concerning update about the First Republic Bank. According to him, the Federal Deposit Insurance Corporation (FDIC) of the United States has entered the bank’s site to determine the best way to protect depositors amidst the ongoing bank run. This is a red flag for both the bank and its customers, as it suggests that…
-
What is jt Trading (What is the jex trading platform)?
What is jt Trading? jt Trading is a decentralized network based on blockchain.
-
Web3 Wallet Phantom Announces Compatibility with Ethereum, Polygon, and Solana
According to reports, Web3 Wallet Phantom has announced that it is currently compatible with all applications on Ethereum, Polygon, and Solana. Users can select the MetaMask icon t
-
Elon Musk Deletes Tweet Mentioning APT and Impact on APT Token
On April 14th, it was reported that Elon Musk deleted the previous tweet mentioning \”APT\”. Alternatively, due to this impact, the APT token fell to 12.6742 USDT in the short term,
-
Bandai Namco Entertainment Invests in SuperGaming to Expand in the Asian IP Market
According to reports, Japanese game publisher Bandai Namco Entertainment has used its “Bandai Namco Entertainment 021 Fund” from the Web3 yuan universe fund to invest in the game studio SuperGaming, which cooperates with Google Cloud. Bandai Namco Entertainment stated in a statement that this investment will further expand its business in the Asian IP market. Although the amount of this investment has not been publicly disclosed, the fund’s usual investment scale is between 10 million yen and 500 million yen. The Bandai Namco Entertainment 021 Fund was established in April last year to mainly support startups building an “IP Metauniverse”. In the early stage, it also invested in DeepMotion, an AI driven motion capture and real-time body tracking digital character solution. （samacharcentral） Web3 yuan universe fund investment game studio SuperGaming under Wandai Nangong Dream Analysis based on this information:Japanese game publisher Bandai Namco Entertainment has invested in SuperGaming, a game studio that collaborates with Google Cloud. This investment was made…
-
Ethereum Withdrawals on Beacon Chain: Majority Occur on Centralized Exchanges
On April 30th, according to data compiled by 21Shares Research, approximately 90% of pledged Ethereum withdrawals on the beacon chain occur on centralized exchanges (Kraken, Binanc
-
What currency will rise next (what currency will rise next)
What currency to increase next According to OKEx spot data, as of the start of the European market, BTC is temporarily priced at $8845 (-2.08%), ETH is temporarily priced at $170.15 (+1.81%), XRP is temporarily priced at $0.288 (+1.72%), EOS is temporarily priced at $3.52 (-1.3%), BCH is temporarily priced at $241.35 (-2.6%), and BSV is temporarily priced at $226.25 (+1.20%) Current market analysis and operational suggestions: Bitcoin experienced a correction trend in the horizontal trading stage after bottoming out and rebounding, and rapidly declined. After reaching the lowest level at 7450, it also showed an accelerated upward trend. Currently, it seems that the long position can continue to weaken, and market sentiment is gradually returning to rationality. However, with the recent rapid rise in prices and the increase in trading volume, it indicates that market funds have entered a wait-and-see state, and will face further downward trends and the question of what currency will rise next At the hourly…
-
Indictment Filed Against Co-founders of Terraform Labs for Alleged Forgery of Personal Documents
According to reports, Dusko Milanovic, an official of the Prosecutor\’s Office in Podgorica, the capital of Montenegro, stated that Montenegro\’s prosecutors have filed an indictment
-
Why is ETH pending in POS (ETH has been pending all the time)
Why does ETH adopt POS, according to ethnews? ETH\’s consensus algorithm is the
-
Bitmama Completes Pre-Seed Financing Round with Investment from Adaverse
According to reports, the Web3 payment platform Bitmama has announced the completion of a pre feed round of financing, with the specific amount of financing not yet disclosed. The
-
The malicious verifier who attacked the MEV robot today has been punished by Slash and kicked out of the verifier queue
On April 3rd, it was reported that Offchain Labs developer terencechain posted on social media that on chain data showed that the malicious validator who attacked MEV robots today