• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage
  • Life Sciences
  • Research

Change Healthcare Acquires Blockchain Startup PokitDok Assets

by Fred Pennic 12/18/2018 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

PokitDok

Change Healthcare announced that it has acquired intellectual property (IP) and other key assets from PokitDok, Inc., a blockchain platform-as-a-service company for healthcare. The integration of key PokitDok APIs into the network will add new capabilities for digital health, telemedicine, and other new, disruptive care models that support value-based, patient-centric healthcare.

Founded in 2011, PokitDok’s platform-as-a-service makes it faster and easier for healthcare organizations to bring new applications and services to market. Its APIs facilitate eligibility checks, claims submissions, appointment scheduling, payment optimization, patient identity management, pharmacy benefits, and other business processes. Hospital systems, digital health startups, systems integrators, and telehealth companies use PokitDok’s development platform to improve workflows, cut costs, and discover business patterns with big data.

Change Healthcare will Leverage PokitDok’s Blockchain Platform

In 2017, Change Healthcare became the first healthcare IT company to deploy blockchain at enterprise scale, addressing the administrative claims management transparency process.  More recently, the company announced an agreement with TIBCO to develop the first blockchain “smart contract” system for healthcare. Now, Change Healthcare will leverage PokitDok’s blockchain use cases as well as DokChain™ technology, expertise, and toolsets to provide even more advanced blockchain capabilities in the Change Healthcare Intelligent Healthcare Network. Doing so will improve data integrity, auditability, and efficiency for healthcare transactions and processes.

“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, Ph.D., executive vice president and president, Network Solutions, 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.”

The Change Healthcare Intelligent Healthcare Network currently reaches approximately 2,200 government and commercial payer connections, 5,500 hospitals, 900,000 physicians, and 33,000 pharmacies. In the company’s fiscal year ended March 31, 2018, it facilitated nearly 14 billion healthcare transactions and $1.0 trillion in annual healthcare expenditures.

“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,” said Gautam Shah, vice president, APIs and marketplaces, Change Healthcare. “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.”

Financial terms of the asset acquisition were not disclosed. PokitDok has raised more than $55M in funding to date. 

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tagged With: Change Healthcare, Healthcare Blockchain, healthcare blockchain companies, Healthcare Mergers & Acquisitions, PokitDok

Tap Native

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Insights

2025 EMR Software Pricing Guide

2025 EMR Software Pricing Guide

Featured Interview

Kinetik CEO Sufian Chowdhury on Fighting NEMT Fraud & Waste

Most-Read

2019 MedTech Breakthrough Award Category Winners Announced

MedTech Breakthrough Announces 2025 MedTech Breakthrough Award Winners

WeightWatchers Files for Bankruptcy to Eliminate $1.15B in Debt

WeightWatchers Files for Bankruptcy to Eliminate $1.15B in Debt

KLAS: Epic Dominates 2024 EHR Market Share Amid Focus on Vendor Partnership; Oracle Health Sees Losses Despite Tech Advances

KLAS: Epic Dominates 2024 EHR Market Share Amid Focus on Vendor Partnership; Oracle Health Sees Losses Despite Tech Advances

'Cranky Index' Reveals EHR Alert Frustration Peaks Midweek, Highest Among Admin Staff

‘Cranky Index’ Reveals EHR Alert Frustration Peaks Midweek, Highest Among Admin Staff

Madison Dearborn Partners to Acquire Significant Stake in NextGen Healthcare

Madison Dearborn Partners to Acquire Significant Stake in NextGen Healthcare

Wandercraft Begins Clinical Trials for Physical AI-Powered Personal Exoskeleton

Wandercraft Begins Clinical Trials for Physical AI-Powered Personal Exoskeleton

Chipiron Secures $17M to Transform MRI Access with Portable Scanner

Chipiron Secures $17M to Transform MRI Access with Portable Scanner

Abbott to Integrate FreeStyle Libre Glucose Data with Epic EHR

Abbott to Integrate FreeStyle Libre Glucose Data with Epic EHR

5 Ways New Trump Administration Tariffs Are Impacting U.S. Healthcare Now

5 Ways Trump Administration Tariffs Are Impacting U.S. Healthcare Now

iCAD, GE HealthCare Integrate to Advance Breast Cancer Detection with AI

RadNet to Acquire iCAD for $103M in All-Stock Transaction

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |