Change Healthcare buys health-focused blockchain startup

Change Healthcare has acquired PokitDok, a platform-as-a-service company for healthcare that uses advanced blockchain and application programming interface technologies.

With the acquisition, Change plans to expand its Intelligent Healthcare Network, which serves about 2,200 government and commercial payers, 5,500 hospitals, 900,000 physicians, and 33,000 pharmacies. Specifically, the company plans to leverage PokitDok's blockchain use cases as well as DokChain, a distributed network of transactions of both financial and clinical data.

"This acquisition is about practical innovation to create a more connected, transparent and efficient healthcare system where patients control their own information," said Kris Joshi, PhD, executive vice president and president of network solutions at Change Healthcare. "As the leader in blockchain for healthcare and with one of the most extensive open API marketplaces available, with PokitDok we are bringing together synergistic assets and technical expertise for delivering additional capabilities to our customers and accelerated value to digital health markets."

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