Change Healthcare, a leading healthcare IT company in the U.S., has joined the Hashed Health consortium to help advance blockchain innovation and distributed transactional protocols in healthcare.

Based in Nashville, Hashed Health is leading a consortium of healthcare companies focused on accelerating meaningful innovation using blockchain and distributed ledger technologies. It provides value-added services such as product management, product development, regulatory guidance, and technology support services for blockchain solutions and blockchain networks.

“We are thrilled to announce Change Healthcare as the newest partner in our growing network,” said John Bass, CEO of Hashed Health. “With a network reaching nearly every payer and provider in the United States, Change Healthcare advances our efforts to create meaningful innovation. By joining the Hashed Health consortium, Change Healthcare is demonstrating that it understands the potential of blockchain technologies to improve care delivery and now is the time to build the networks responsible for the realization of approaching solutions.”

Last October, Hashed Health announced its collaboration with Martin Ventures, which was followed by an initial funding round in which it raised $1.85 million. In May 2017, Altarum Institute, a nonprofit health systems research and consulting organization, also joined the consortium.

“Blockchain has potential to enable value-based care, and we’re committed to championing innovation that helps our customers and partners realize that potential,” said Aaron Symanski, CTO, Change Healthcare. “We look forward to working with the Hashed Health members to evolve and establish blockchain as a safe, secure, and transparent way to foster financial interoperability in healthcare.”

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