Female Blockchain Entrepreneurship in Healthcare

Women Entrepreneurs Focused on Solving Healthcare with Blockchain

Blockchain is a technology that is open to all. It does not discriminate based on age or gender and is built around mathematical concepts and technology. It is behind the rise of crypto-currency tokens, which are the lifeblood of monetizing blockchain innovation. The industry young, and many new companies and founders with great ideas are entering and making a large impact. For that reason, many female founders are having a big impact on the blockchain industry by founding new companies and driving new ventures.

Kat Kuzmeskas – CEO, SimplyVital Health

SimplyVital Health is a company that has a large impact on the budding blockchain healthcare sector. It is focused on data portability, tracking and analysis of healthcare data. It is already making a huge impact that is easy to use and that naturally integrates with legacy systems.

Kat Kuzmeskas is one of the founders of SimplyVital Health. This impressive founder has a deep background in the health industry including working at the Yale New Haven Health System and earning a Masters in Public Health. Kuzmeskas understood the issues that small health providers face and how data portability could help them save time, costs and improve patient care. She then teamed up with co-founder and CTO Lucas Hendren to create the SimplyVital Health Solution.

SimplyVital Health is a giant leap forward on the ability of companies, institutions and healthcare providers to track and manage patient information with 100% security. Of course, patient data must be kept private and secure according to HIPAA regulations. Fortunately, the blockchain ledger allows for a mathematical solution that prevents fraud and allows all exchanges of information to be pre-verified.

The solution tracks each step that patients go through, from the symptoms they have to the time they enter their first provider to all of the care, procedures and medications they receive. This is important for several reasons. First of all, it records the interventions in a clear and easy to use system that should indicate to other medical providers what has worked and what is not working.  That helps later diagnoses.

Secondly, it ensures that the interventions were done according to a medically determined standard of care. That means that insurance companies will have no way to deny claims of unnecessary procedures or excessive medications. Providers love this because it means they get paid faster and have full verification in case of any disputes.

Thirdly, it creates a way for the government or the hospital to do a quick audit of a patient or patient’s records to see that all of the proper compliance standards are being followed. Audits are much quicker and less expensive. That is better for the government and the institution itself. Plus any changes in procedure may be easily programmed into the legacy system to guide providers in the future.

SimplyVital Health was also built to integrate painlessly with legacy IT systems. That means providers will not need a long training period or expensive implementation costs. As SimplyVital Health continues to add more features and functions, more and more institutions are adopting the technology.

Elaine Comeau- CEO PointNurse

Another company to look out for in the female led healthcare blockchain startup community is PointNurse. It is run Elaine Comeau who herself is a registered nurse. The firm helps home nurses to log their care, hours and interventions on the blockchain. This provides tremendous convenience and security. In addition to advocating for “out-of-hospital blockchains”, PointNurse envisions a “decentralized autonomous nursing organization” or “DANO,” that will make full of use of blockchain to disrupt and transform the multi-billion dollar nurse-staffing industry. This seed stage start-up is a player to watch in the future.

Chrissa McFarlane- CEO, Patientory

Lastly, a discussion in women driven blockchain entrepreneurship can not be complete without mentioning the recent, and ongoing success, of Chrissa McFarlane, CEO of Patientory. With a recent issuance of their ICO, Patientory secured $7.2 million in funding by making their token (PTOY) available to the public for purchase. The platform is designed to transfer tokens—PTOY—to “reward providers that work together” and provide the best care to their patient.

Where to buy PTOY

If you missed the Patientory ICO, not to worry. You can still purchase tokens on exchanges such as Liqui.

The Patientory platform makes use of secure, closed loop, distributed, blockchain technology and decentralizes data so that it distributed and HIPAA compliant. Patientory also has deployed a mobile app enables users to store, view and track their healthcare data using HIPAA-compliant blockchain technology.

Blockchain Healthcare Review regularly consults with investors, advises blockchain startups and produces research for key decision makers in the healthcare, clinical, pharmaceutical and biomedical engineering lines of business. For more information, please contact us.