10 Unique Business Models

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PatientsLikeMe


Launched: 2004

Founders: Jamie, Ben Heywood and Jeff Cole

PatientsLikeMe is a patient high-powered analysis network that improves lives and a time period analysis platform that advances medication. On a PatientsLikeMe’s network, folks connect with others who have an equivalent illness or condition and track and share their self-experiences. In that process, they generate information about the real-world nature of the illness that facilitate researchers, pharmaceutical corporations, regulators, suppliers and nonprofits develop a more practical product, services and care.

Describing itself “a for-profit company with a ‘not only for profit’ angle,” PatientsLikeMe doesn't permit advertising on its website. Instead, they try to correlate patient interests with business interests. Namely, this refers to the shared goals of accelerated clinical analysis, improved treatments and higher patient care. To attain these goals, PatientsLikeMe sells collective, de-identified knowledge to its partners, as well as pharmaceutical corporations and medical device manufacturers. With the information that shared by the patients about their conditions, PatientsLikeMe aims to assist partners within the health care business better understand the real-world experiences of patients also the illness. A number of PatientsLikeMe’s partners embody UCB, Novartis, Sanofi, Avanir prescription drugs and Acorda medicine.



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