PatientMD is a physician led AI and Blockchain driven Digital Health platform providing Patient Engagement and Recruitment Solutions for physician’s practices and healthcare businesses.
Our vision is to transform healthcare to a truly value-based patient-centric industry providing Precision Medicine and Personalized Healthcare (PMPH) to our patients. Our focus is on creating a collaborative and “trusted” Healthcare Ecosystem through the development of local physician networks that provides data liquidity and transparency on cost and quality.
Our vision will be achieved through a three-step process:
Physicians in private practice are facing big problems:
1. Need to compete with Health Systems
2. Respond to the growth in Consumerism
3. Provide Value-Based Care
For physician practices to compete, they must the three key areas of competition:
1. Patient Engagement
2. Cost of Care
3. Care Coordination for Chronic Care Management
The PatientMD platform provides physician practices all the tools they will require to compete and grow their practices. PatientMD will utilize our extensive and fully integrated one-stop-shop Patient Engagement and Recruitment platform to engage and connect physician practices to:
1. Grow their practices
2. Engage with their patients
3. Improve front office efficiency
4. Provide Interoperability for Remote Patient Monitoring, information sharing and common messaging for Care Coordination to improve the patient experience.
The platform has been built over the past 5 years and is ready to scale.
As we add physician practices onto our platform and connect them in the development of local networks, this will allow us to capture Clinical, Genomic, claims and IoT data into our untethered FHIR-based Personal Health Record (PHR). We will utilize Clinical Decision Support, Analytics and AI to empower patients and their doctors with information on PMPH. Prescriptive Analytics will be utilized to provide information on cost and quality on the services and products that patients will require for their health and wellness.
Patients and doctors will be incentivized with our fungible stable utility token (Patient Token) based on patient behavior and outcomes. The patient token can also be utilized on other platforms by integrating these platforms with PatientMD, thereby creating a comprehensive incentivization framework. Patients can purchase services and/or products provided by our business partners to further promote patient engagement. Each patient will also be provided a Non-Fungible Token (NFT) called the Health Token whose value will be based on the amount and type of data in their PHR. Patients will be able to monetize their data for research and clinical trial participation. Patients will be rewarded with our Patient Tokens.
Our platform is provided in a subscription SaaS model. We believe our Business Model, both transaction and subscription model, will allow us to create an economic moat with out multiple features creating high switching costs and our gamification of the industry through our incentive program creating “stickiness” to our platform.
Funds will be utilized as follows:
1. 50% Business Development and Sales
2. 25% Platform Enhancements
3. 15% Support
4. 10% Operations
Bio of Christ Pavlatos MD, MBA:
Founder and CEO of PatientMD
Board Certified Physician in Internal Medicine and Orthopedic Surgery
Practicing Orthopedic Surgeon with Illinois Bone and Joint Institute (170-man Orthopedic Group in Chicago)
MBA Northwestern Kellogg Graduate School of Business,
Board Member of the Independent Physicians Association of America for the past 16 years.
MBA from University of Chicago Booth School of Business
Before Co-founding PatientMD, Anirban lead teams in modeling, quantitative research in investments and portfolio risk management companies such as Charles Schwab, All State Investments and Aegon. 10+ years of technology leadership experience at Oracle and BEA Systems.