Home Health Care Change Healthcare acquires blockchain startup PokitDok’s assets

Change Healthcare acquires blockchain startup PokitDok’s assets

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Change Healthcare, a health IT company majority-owned by McKesson, has bought intellectual property and other assets from PokitDok, a startup focused on bringing blockchain to the healthcare world.

The financial details of the transaction were not disclosed.

Through the acquisition, Change aims to boost its Intelligent Healthcare Network, which relies on blockchain technology to connect hospitals, providers and payers. Using the network, healthcare organizations can process claims and other clinical, administrative and financial transactions.

Change will integrate PokitDok’s APIs into the Intelligent Healthcare Network. Thus, the network will be able to offer new capabilities for digital health, telemedicine and other areas.

In a statement, Change Healthcare vice president of APIs and marketplaces Gautam Shah said:

PokitDok’s capabilities accelerate the launch of Change Healthcare’s API and services marketplace, which is designed to address the needs of organizations ranging from innovative healthcare startups to established healthcare entities and large-scale IT companies. The combination of assets, technical talent and market presence will enable our customers and partners with the tools, community and expertise to leverage data and technology to create innovative solutions for all parts of the healthcare ecosystem: payers, providers and consumers.

Based in Nashville, Tennessee, Change Healthcare was formed in 2017 by combining substantially all of Change Healthcare Holdings’ businesses and the majority of McKesson Technology Services. McKesson owns 70 percent of the company.

As for PokitDok, the startup offers a cloud-based API platform that helps streamline healthcare transactions. Its solutions run on DokChain, its blockchain technology. The company has offerings for identity management, benefits management, payment risk, patient access and claims management. It was founded in 2011 and is headquartered in San Mateo, California.

In 2016, PokitDok secured a strategic investment from McKesson Ventures, the corporate venture arm of pharmaceutical distributor and health IT vendor McKesson.

Photo: maxsattana, Getty Images

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