In an exciting development in the healthcare industry, Patientory Inc. has partnered with Wharton Impact Venture Associates (WIVA) students in a capital raise agreement. This collaboration aims to address the industry’s challenges regarding data accessibility by leveraging blockchain technology. The partnership was established through WeFunder, an innovative platform that enables non-accredited investors to support early-stage companies with limited capital.
WIVA, an educational program initiated at Wharton University, focuses on impact investing and identifies promising companies in the Environmental Social Governance (ESG) sectors. The program provides students with valuable training and mentorship, equipping them with the skills required to evaluate and invest in early-stage companies. WIVA also facilitates connections between entrepreneurs and potential investors, enhancing the overall ecosystem of impact investing.
Patient data has long been a challenge in the healthcare industry, especially in the United States. Despite the mass collection of data in various healthcare settings, approximately 80% of this data remains unstructured and unavailable. This lack of accessibility hinders the quality and efficiency of patient care. Patientory Inc. recognized this issue and took on the mission of solving it through their blockchain-based platform.
Patientory’s platform offers a secure Consumer Wallet where patients can store, share, and even monetize their health data. By harnessing the power of blockchain technology, Patientory ensures the privacy and security of sensitive information. Furthermore, the platform includes the Neith Enterprise Dashboard, which allows healthcare stakeholders to extract valuable insights from shared and de-identified consumer health data on the Patientory blockchain network.
Having gained significant traction since its inception in 2015, Patientory Inc. has attracted over 45,000 subscribers and achieved a revenue of over $4 million. These impressive figures indicate the potential growth and impact the company can make in the healthcare industry. With its blockchain-based solution, Patientory empowers patients to take control of their health data, improve their health habits based on AI recommendations, and access clinic trials and cost-effective medicines.
The partnership between Patientory Inc. and Wharton students is a strategic move that paves the way for further development of Patientory’s platform. By raising capital with the assistance of WIVA, Patientory can accelerate its growth and expand its reach. This collaboration not only benefits Patientory but also provides WIVA students with valuable hands-on experience in impact investing and fosters the growth of the ESG sector.
As the healthcare industry continues to evolve, the accessibility of patient data remains a crucial factor in improving healthcare outcomes. Patientory Inc.’s innovative blockchain-based solution has the potential to revolutionize data accessibility and empower patients to make informed decisions about their health. With the backing of Wharton students and the impact investing community, Patientory is poised to make a significant impact on the healthcare industry and improve patient care globally.
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