PromTime analyzes healthcare value by measuring patient-reported outcomes and relational quality, particularly in upper extremity orthopedic surgery. Their platform provides specific indicators to compare the value of care, with a focus on improving patient-surgeon relationships and functional scores.
Funding
Funding not disclosed
Founders
Product
Problem
Healthcare systems often lack comprehensive methods for evaluating treatment effectiveness and patient outcomes in real-world settings. This makes it difficult to benchmark performance, identify areas for improvement, and ensure that patients receive the highest value care. The absence of standardized, interoperable tools hinders the ability of healthcare professionals to modify their practices and optimize patient results efficiently.
Solution
PromTime provides digital solutions for measuring and benchmarking health gains in real-world clinical settings. The platform captures patient-reported outcomes (PROMs), clinician-reported outcomes (CROMs), and patient-reported experience measures (PREMs) through a secure cloud platform. By cross-referencing clinician-reported data with patient-reported data, PromTime quantifies the added value of medical interventions, adjusted to the patient profile. The platform facilitates transparency on health gains through remuneration-based incentives and reputational dynamics, encouraging practitioners to share health gains with patients, professionals, payers, providers, and industrial partners.
Target Audience
The primary audience includes healthcare professionals, hospitals, medical colleges, patient associations, payers, and healthcare systems seeking to improve treatment outcomes and implement value-based healthcare models.
Features
- Secure cloud-based platform for data collection and analysis
- Standardized, scientifically validated PROMs, CROMs, and PREMs questionnaires
- Algorithms for stratifying patient profiles into statistically comparable groups
- Real-time dashboards dedicated to patient and clinician user experience
- Benchmarking tools for internal and external comparisons
- Independent audits on data integrity (comprehensiveness, compliance, reliability)
- Financial Incentive for Advanced Transparency (FIAT) to encourage practitioners to share health gains
- Integration with hospital ranking systems, rewarding PROMs implementation