Author: Thileepan Sivanandham

InsurTech NY is hosting its annual spring conference to bring together the insurance innovators and InsurTech leaders to NYC. The conference will feature speakers from insurance carriers and brokers making strides in innovation and InsurTech startups that have shaken up the industry.

The conference will help answer the age-old question: should insurers focus on going digital-first or being customer-first. During the first wave of the internet revolution, Silicon Valley Tech Companies focused purely on digital-first. The result was a glut of Dot Coms with no customers to buy their products. We all know how that ended.

2022 Competition Finalist

InsurTech NY will be hosting its Global InsurTech competition during the conference. We are super excited to be selected as one of the finalists among hundreds of companies chosen for solution to forge the Insurance industry into the future! 

Meet our Team at Venue

The conference will be hosted on March 7, 2022 at the New York Marriott Marquis in Times Square. Located on Broadway and West 46th Street. Meet our Founder & CEO, Chrissa McFarlane at the event to discuss Patientory and its offerings. You can also reach out through our email at info@patientory.com

Special Thanks to The Office of Economic Development Düsseldorf for the invitation to exhibit at MEDICA – Leading International Trade Fair and for organizing the glorious networking event with local authorities of commerce and healthcare in Germany.

Germany, like many countries in Europe, is undergoing a healthcare technology maturation. In late 2019 the German  parliament passed the Digital Healthcare Act (Digitale-Versorgung-Gesetz-DVG).  This act aims to bring their health systems to compete with the changing digital technology landscape and increase the number of digital therapeutics, or Digital health applications (DiGA). 86% of the apps that have been submitted for approval have been made in Germany with 4% in the US and New Zealand. It’s estimated the German government could save as much as 9.6 billion euros on the digitization of their health data.

One of the most important aspects of the DVG is the “prescribable applications” designation.  Apps, software, and other digital health measures can be put through a fast-track review process and if they are approved can be added to a list where they can be prescribed by doctors and therapists.  If there is not any available evidence, the app can be put on a yearlong trial.  After twelve months in the trial system, they can be added to the permanent list if those positive effects have been shown.  More importantly, any costs run up by those digital health measures can be covered in part or in full by Germany’s national health system.  There is currently legislation in place to develop a parallel system of nursing apps that will support those taking care of the elderly at home.

The advantages of DVG legislation for both the app builders and the app users is clear.  Developers can more easily find new clients and thus grow their business; clients/users don’t have to worry about paying for any costs that result from using it.  Health care providers and other health care industry workers have a wealth of data at their hands they can use to track various drugs, treatments, and health-related data.  The evaluation process itself provides another benefit for data collection: since the app has already had to pass certain standards of effectiveness, there is a baseline level of evidence the data from the app has had to meet.  Currently, 24 apps have been judged to meet the standard.  An estimated 50 thousand prescriptions for those apps have been made since November 2021.

Until 2021, health data in Germany did not have to be digital.  New legislation passed in 2021 year mandates that all health records be made available digitally. Hospitals, doctors, and pharmacies will also be required to connect to a nationally available digital infrastructure.  They will also be given a greater percentage of funds if prescriptions are given as e-prescriptions rather than paper ones.

By 2025 the digital health market in Germany is estimated to have grown to 57 Billion Euros.  Please watch our Founder & CEO, Chrissa McFarlane interview at Medica 2021 event. https://www.youtube.com/watch?v=p6wumd39Mac

Titan CEO and headline sponsor Wipfli LLP are pleased to announce Chrissa McFarlane, Founder & CEO of Patientory Inc as a 2022 Georgia Titan 100. The Titan 100 program recognizes Georgia’s Top 100 CEO’s and C-level executives. They are the area’s most accomplished business leaders in their industry using criteria that include demonstrating exceptional leadership, vision, and passion.

Collectively the 2022 Georgia Titan 100 and their companies employ upwards of 240,000 individuals and generate over $66 billion dollars in annual revenues. This year’s honorees will be published in a limited-edition Titan 100 book and profiled exclusively online. They will be honored at an awards ceremony on May 12th , 2022, and will be given the opportunity to interact and connect multiple times throughout the year with their fellow Titans.

“The Titan 100 are shaping the future of the Georgia business community by building a distinguished reputation that is unrivaled and preeminent in their field. We proudly recognize the Titan 100 for their successes and contributions. We know that they will have a profound impact that makes an extraordinary difference for their customers and clients across the nation.” says Jaime Zawmon, President of Titan CEO.

Chrissa McFarlane founded Patientory after working more than a decade in the healthcare technology industry and realizing there was a need for more personalized, secure and consumer-driven health information management solutions.

Chrissa McFarlane says “I believe innovative technology can help resolve the three primary problems with today’s healthcare system: poor quality, limited access, and high cost. I hope to spend my career creating and deploying innovative technologies that enable every person around the world to access high-quality healthcare at sustainable costs. I love working in closely-knit teams to develop and scale new products and grow new businesses.”

Chrissa McFarlane will be honored at the Titan 100 awards on May 12 th , 2022, at Zoo Atlanta: Savanna Hall. One of the city’s most treasured historic buildings the 1921 building has been revitalized by Zoo Atlanta for its new life today. As home of the Atlanta Cyclorama for more than 90 years, the building is famous for its grand scale and neoclassical architecture. This unique cocktail-style awards event will gather 100 Titans of Industry and their guests for an evening unlike anything that exists in the Georgia business community.

“On behalf of all the partners and associates at Wipfli we congratulate all the Titan100 winners. It’s an honor to recognize this diverse group of leaders in the Atlanta community. We appreciate the lasting impact each leader has made, and continues to make, in building organizations of significance both in Atlanta and abroad. Your ingenuity and creativity have set you apart, and the honor of being seen as an industry Titan is richly deserved,” says Bill Boucher, Partner at Wipfli.

This white paper is intended to provide different insights for governments, businesses, academics, and civil society actors. For public sector employees and elected officials – from mayors and ministers to data scientists and service developers – it offers ideas, insights, suggestions, and recommendations for the further development and practical deployment of human-centric data policy. It also offers valuable considerations for business, research, and civil society organizations that work closely with the public sector.

Our company is a proud collaborator and reviewer of this whitepaper focusing on how data can empower the healthcare sector. 
For more information, please read the complete whitepaper here at https://bit.ly/3sND9Ll

About World Economic Forum

The World Economic Forum is the International Organization for Public-Private Cooperation.

The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas.

It was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. It is independent, impartial and not tied to any special interests. The Forum strives in all its efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance. Moral and intellectual integrity is at the heart of everything it does.