In a promising partnership, Patientory Inc., a healthcare blockchain company, has joined forces with Wharton Impact Venture Associates (WIVA) students in a capital raise agreement. This collaboration aims to tackle the industry’s challenges surrounding data accessibility and advance the development of Patientory’s innovative solutions. Leveraging the power of blockchain technology, Patientory seeks to revolutionize healthcare data management and revolutionize patient care.
WIVA, an impact investing educational program initiated at Wharton University, focuses on identifying and supporting early-stage companies with significant potential in the Environmental Social Governance (ESG) sectors. The program equips students with essential skills in sourcing, financing, investment analysis, and provides valuable networking opportunities. WIVA undertook extensive research on the fragmented healthcare data landscape, particularly in the United States, leading them to introduce Patientory to a platform called WeFunder.
According to reports by UPMC Enterprises, over 80% of healthcare data is unstructured and not readily accessible. This fragmented data limits the quality and efficiency of patient care, as hospitals and clinicians store patient information in siloed systems, hindering data sharing. Patientory recognizes this challenge and endeavors to address it through its blockchain-based, healthcare AI, and data platform.
Patientory’s blockchain-enabled platform offers a secure Consumer Wallet, allowing patients to store, share, and even monetize their health data. By leveraging the power of blockchain technology, Patientory ensures the security and integrity of sensitive health information, enabling patients to have control over their data. Additionally, Patientory’s Neith Enterprise Dashboard serves as an analytics portal, empowering healthcare stakeholders to gain valuable insights from shared and de-identified consumer health data within the Patientory blockchain network.
Patientory’s platform goes beyond data storage and sharing. Through AI recommendations, patients can improve their health habits based on personalized suggestions. Furthermore, the platform assists patients in finding suitable clinical trials and cost-effective medication options, thereby enhancing their overall healthcare experience. This blend of blockchain technology and AI capabilities positions Patientory as a frontrunner in addressing the challenges of the healthcare industry.
Patientory Inc. and WIVA crossed paths on WeFunder, a crowdfunding platform that allows non-accredited investors to support early-stage companies with as little as $100. Patientory has already raised over $50,000 on this platform, with WIVA exclusively investing in companies listed on WeFunder. After making a small investment, the investors receive a Simple Agreement for Future Equity (SAFE), granting them the opportunity to obtain equity in Patientory if the company sells shares in a future financing round.
With a subscriber base of over 45,000 and a revenue exceeding $4 million, Patientory is poised for continued growth. The company’s innovative approach to healthcare data management fills a critical gap in the industry, ensuring patient data accessibility and empowering individuals to take control of their health information. The partnership with WIVA demonstrates the wider recognition of Patientory’s potential, further solidifying its position as a leader in healthcare blockchain technology.
Patientory Inc.’s alliance with Wharton Impact Venture Associates students through a capital raise agreement on WeFunder marks a significant milestone in the healthcare industry. By leveraging blockchain technology and AI capabilities, Patientory is actively addressing the challenges associated with fragmented healthcare data. As the company continues to grow and innovate, it will undoubtedly play a crucial role in revolutionizing healthcare data accessibility and patient care worldwide.
