PokitDok, a San Mateo, CA and Charleston, SC-based provider of a software development platform to free, secure, and unify data that drives the business of healthcare, received a strategic investment from GIS Strategic Ventures, the strategic investments arm of The Guardian Life Insurance Company of America.
The amount of the deal was not disclosed.
The company intends to use the funds for the development of its DokChain and expand access to its API solutions.
Led by Lisa Maki, co-founder and CEO, PokitDok provides 30 API endpoints which aim to facilitate eligibility checks, claims submissions, appointment scheduling, payment optimization, patient identity management, pharmacy benefits, and other business processes. The company maintains Trading Partner agreements with more than 500 health insurers and payers, representing 93% of members across the US. Over 1000 third party enterprise applications run on PokitDok, built by healthcare organizations, digital health companies, and business process outsourcing consultants, to improve workflows, cut costs, and speed time to market.
PokitDok, which also powers DokChain, a production ready blockchain for healthcare, has raised $48M to date from investors including Lemhi Ventures, New Atlantic Ventures (NAV.VC), Rogers Venture Partners, and Subtraction Capital.
FinSMEs
09/03/2017