Patientory - A Revolutionary Health dApp Solution that Helps You Save Money
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.
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