[ad_1]
Change Healthcare, a majority-owned health company by McKesson, has been developed for 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, it 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 API 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 accelerated the launch of Healthcare's API and services marketplace, which is designed to address the need for 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 the healthcare systems: payers, providers and consumers.
Based in Nashville, Tennessee, Change Healthcare was formed in 2017 by combining 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. Claims 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 arm of pharmaceutical distributor and health IT vendor McKesson.
Photo: maxsattana, Getty Images
