Phronetik | Top 20 Pharma And Life Sciences Tech Solution Company - 2017
Phronetik: Transforming Healthcare with Data Science
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CIOREVIEW >> Pharma Life Sciences >> Phronetik

Phronetik has been recognized by CIOReview Magazine as the recipient of “Top 20 Pharma And Life Sciences Tech Solution Companies - 2017,” based on our proprietary methodology, reflecting its position in the industry. This profile has been developed by the CIOReview research and editorial team based on insights from an interview with Tania Martin-Mercado, President & CEO.

Phronetik
Transforming Healthcare with Data Science

Phronetik

Tania Martin-Mercado, President & CEO
For pharma and life sciences companies, clinical trials are pivotal in bringing their drugs to market. These intricate trials begin with monitoring a population before, during and after drug administration. However, for a successful trial, the researchers need to raise questions to dig deeper into trial outcomes but are only limited by the power of the data analytics systems. Enter into the picture, Phronetik enabling drug makers to frame not only the right questions, but also tap the complete potential of trial and health data for relevant answers. Phronetik’s informatics underpins point-of-care, research, clinical trials and drug development, and leads to advances in scientific discovery. The firm redefines medical decisions and helps pharma companies to make their drug a success story.

Phronetik delivers clinical research informatics services with a focus on advancing medicine. The company applies its deep know-how in data analytics and morphs the process of clinical trials into insight gathering. Phronetik’s team comprises MDs and Informatics subject matter experts (SMEs) that have data and hands on experience in performing clinical trials. These factors help reduce the time to conduct clinical trials. By accelerating clinical trials, the company improves time to market. The firm’s holistic approach helps in streamlining research workflows and knowledge management.

Federal, state, and local healthcare agencies launch initiatives to prevent large scale outbreaks and respond to them when they do occur. Phronetik shows them a guiding light with its public health informatics services and helps in the data analysis to support outbreak prevention. Using Phronetik’s public health informatics, health agencies can understand demographics by capturing data points like key constituents of the population, the highest risk associated with a population group, health disparities across a demographic, and resources available to support the population. The company helps in data capture and and information exchange. “Phronetik provides data in real-time to cause a change in decision making or behavior, in order to have an outcome that matters,” says Tania Martin-Mercado, President and CEO, Phronetik.

Phronetik provides data in real-time to cause a change in decision making or behavior, in order to have an outcome that matters


Granular thinking carves the services of Phronetik and this is evident in its service: Applied Clinical Informatics. Phronetik eliminates complexities that arise due to siloed information and multiple health records for one individual, thereby enhancing healthcare delivery. The company simplifies the healthcare practitioner’s job by presenting a unified view of patient. To further help their patient base, clients can create a dedicated application in collaboration with Phronetik.

Phronetik has become an integral part in a research project for National Institute of Nursing Research. With its biostatistics and bioinformatics support, Phronetik has performed statistical analysis, predictive modeling and created machine learning algorithms in support of research involving the human microbiome, genetic and patient behavioral profile. Phronetik’s data analysis has played a crucial role in ensuring the research integrity of the project.

The leadership of Phronetik is keen to showcase its cutting-edge product iConcordia™, a cloud-based artificial intelligence platform for research and real-time clinical insights. Tania’s desire to transform healthcare drives the company and allows onboarding of passionate researchers. Phronetik’s roster is shaped by collaboration, diversity, and inclusion. The company looks forward to working further with the National Institutes of Health, and seeks to add clients in other government domains and commercial healthcare providers in order to revolutionize patient care with its solutions.

Phronetik

News

Phronetik: Unmasking Genetics to Improve Health

Thursday, October 05, 2023

The ability to reason, question, and seek answers distinguishes humans from other mammals. Throughout history, our inclination for self-education and the pursuit of knowledge has been a source of comfort, growth, and enlightenment. The quest to understand the unknown, driven by curiosity and a desire for answers, has been central to our existence. While the motivations behind this inquisitiveness vary from personal to societal, what truly matters is that this journey towards truth has consistently benefited society as a whole.

It was this very curiosity and the desire to uncover answers to unexplored questions that led to the establishment of
Phronetik. The journey began with a simple query: "How and why do certain individuals develop diseases despite lacking genetic predisposition, family history, or adverse lifestyle choices?" Phronetik was founded to seek answers to such questions. The company's name, a fusion of two Greek words, "phronesis" (wisdom) and "kinetic" (to move), reflects its commitment to utilizing technology and innovation to advance healthcare while progressing with wisdom.

Phronetik, a biotechnology company, advances precision medicine by harnessing OMICS data, artificial intelligence, and informatics to enhance diagnosis, treatment, and monitoring. The company also supports translational research, with a particular focus on precision medicine. Over the years, Phronetik has delved into the science of genetic predisposition, followed by epigenetic studies and population health research. Today, its central focus lies in diagnosing and interpreting data to determine diseases.

The ethos of "Never say Never" permeates Phronetik's culture, championed by Tania Martin-Mercado, President & CEO of Phronetik. She initiated the company in 2013, starting from modest beginnings with no external venture capital or significant seed funding. Her unwavering determination has propelled the company to its current standing. When asked about her motivation, she replied, "I have questioned my sanity from time to time. Then I remember why I'm doing this. Through the efforts of the Phronetik team, its university partners, and industry collaborators, we may help a family predict and prevent the onset of disease. We prevent a death. We improve the quality of care at a practice and the quality of life for a patient. We provide answers where there were previously none. I believe in what we are doing wholeheartedly."

Guided by strong leadership and supported by its staff, Phronetik continually refines its offerings and focus, initially starting with clinical trial services and expanding into sequencing and genetic services. The company collaborates with several CAP/CLIA accredited laboratories, offering genomic testing services such as diagnostic testing, predictive genetic tests, pharmacogenomics, and carrier testing. The OMICS data generated is then processed to provide next-generation sequencing services and data analysis. Phronetik also offers professional services, including strategic planning, technology roadmaps, HIPAA risk assessments, and more. Its managed services, SupportDR™, offer IT support tailored for clinical trials, private practices, and healthcare organizations.

Phronetik remains steadfast in its mission to provide sustainable, innovative, transformative, and disruptive technologies and services to support clinical trials, translational research, and patient-driven outcomes. It embraces a holistic approach to translational and clinical research, advocating for informational transparency and compliant data exchange to advance scientific discovery, ensure reproducible studies, and provide clinicians with accurate, accessible data to enhance healthcare delivery. Phronetik attributes its success to its adaptability and flexibility in catering to client needs, offering a diverse range of services to support their initiatives.

Recognized and acclaimed in leading magazines, Phronetik serves a wide spectrum of sectors, including government, life sciences, hospitals, ambulatory/private practices, pharmaceuticals, non-profits, and community-based organizations.

The company values its employees as much as its customers, fostering motivation, innovation, and a genuine passion for their work. Employees, except for those engaged in lab work, have the freedom to work from home, allowing Phronetik to access top talent in data science and biotech, regardless of location. Employee development is highly encouraged, fostering an environment where creativity and thinking outside the box are celebrated.

As the healthcare and biotechnology landscape continues to evolve, Phronetik's journey persists as an opportunity fueled by passion. It entails discovering ways to contribute to healthcare improvement while contributing to scientific knowledge. The company stays attuned to global developments, from new vaccines to innovative human cell structures, that benefit populations and individual patients. Phronetik remains committed to learning from failures and moving forward with increased vigor.

Phronetik's future goals include establishing its own CAP/CLIA accredited biotechnology laboratory and launching an artificial intelligence engine for point-of-care diagnostics. The company envisions growth and adaptability as it continues to navigate the ever-changing science, technology, and healthcare arena.

Phronetik Selected as Member of ARPA-H Investor Catalyst Hub Spoke Network

Thursday, August 29, 2024

Phronetik Joins a Nationwide Network Working to Accelerate Transformative Health Solutions

FLOWER MOUND-
PRLog -- Phronetik® announced today that it was selected as a spoke for the Investor Catalyst Hub, a regional hub of ARPANET-H, a nationwide health innovation network launched by the Advanced Research Projects Agency for Health (ARPA-H).



Based in the Greater Boston area and managed by VentureWell, the Investor Catalyst Hub seeks to accelerate the commercialization of groundbreaking and accessible biomedical solutions. It utilizes an innovative hub-and-spoke model designed to reach a wide range of nonprofit organizations and Minority-Serving Institutions, with the ultimate aim of delivering scalable healthcare outcomes for all Americans.



"As Phronetik continues its commitment to inclusive research, data fairness, and equitable initiatives in biotechnology and genomics, joining the ARPA-H Investor Catalyst Hub Spoke Network is a natural alignment with our mission. By accelerating the commercialization of groundbreaking biomedical solutions, we are not only advancing scientific study and precision medicine but also ensuring that these innovations are accessible to all. We are thrilled to be part of this network, as it allows us to further integrate genomics into patient care and support transformative research that benefits diverse populations."

— Dr. Tania M. Martin-Mercado, CEO of Phronetik



Phronetik joins a dynamic nationwide network of organizations aligned to ARPA-H's overarching mission to improve health outcomes through the following research focus areas: health science futures, proactive health, scalable solutions, and resilient systems. Investor Catalyst Hub spokes represent a broad spectrum of expertise, geographic diversity, and community perspectives.



"Our spoke network embodies a rich and representative range of perspectives and expertise," said Mark Marino, Vice President of Growth Strategy and Development for VentureWell and Project Director for the Investor Catalyst Hub. "Our spokes comprise a diverse network that will be instrumental in ensuring that equitable health solutions reach communities across every state and tribal nation."



As an Investor Catalyst Hub spoke, Phronetik gains access to potential funding and flexible

contracting for faster award execution compared to traditional government contracts. Spoke membership also offers opportunities to provide input on ARPA-H challenge areas and priorities, along with access to valuable networking opportunities and a robust resource library.

Top 20 Pharma And Life Sciences Tech Solution Companies - 2017

Company
Phronetik

Headquarters
Plano, TX

Management
Tania Martin-Mercado, President & CEO

Description
Provides health informatics, R&D, and health IT services to government and private sector clients

Top 20 Pharma And Life Sciences Tech Solution Companies - 2017

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