Change Healthcare acquires assets of PokitDok

Change Healthcare acquires PokitDok

Change Healthcare has acquired intellectual property (IP) and other key assets from PokitDok, a platform-as-a-service company for healthcare. With this advanced software, IP, and the PokitDok team – Change Healthcare further extends the capabilities and technology leadership of the Change Healthcare Intelligent Healthcare Network for payers, providers, and independent software vendors (ISVs). 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.

“This acquisition is about practical innovation to create a more connected, transparent and efficient healthcare system where patients control their own information,” Kris Joshi, Ph.D., executive vice president and president of Network Solutions at Change Healthcare, said in a statement. “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.”

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.

The Change Healthcare Intelligent Healthcare Network 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.