Insurer Guardian buys into PokitDok digital health software
GIS Strategic Ventures, part of the Guardian Life Insurance Company of America, has made an investment in PokitDok, a healthcare software development platform. PokitDok will use the funds to develop DokChain, a decentralised blockchain-based service that streamlines healthcare from patient check-in to dealing with out-of-pocket estimates. Meanwhile, GIS Strategic Ventures will have the authority to help implement standards and prioritise healthcare use cases on the blockchain.
GIS Strategic Ventures, the strategic investments arm of The Guardian Life Insurance Company of America has made a strategic investment in software development platform PokitDok. The company plans to utilize the investment to development of DokChain, blockchain for healthcare, and expand access to PokitDok’s API solutions that simplify patient check in, handle health insurance administration, calculate out of pocket estimates, and streamline other business processes associated with medical care.

As a strategic investor, Guardian will have access to PokitDok’s domain expertise as it reimagines both its products and their distribution in a decentralized commercial world. And, through the DokChain Health Alliance, Guardian will be granted authority to contribute to implementation standards and help prioritize healthcare use cases on the blockchain, with exclusive first access.

“The infusion of strategic capital from Guardian, a Fortune 250 mutual insurer, validates the new financial and technological innovations taking place in healthcare, with PokitDok providing vital access,” said Lisa Maki, co-founder and CEO, PokitDok. “Outdated, centralized infrastructure cannot support real time integration of new services and is heading to obsoletion. Guardian recognizes that a seismic shift is taking place through APIs, and now blockchain, and with this investment, will be part of it.”

PokitDok has raised $48M to date.