Change Healthcare runs a blockchain that processes thirty million transactions per day. The company plays a crucial role in the U.S. healthcare sector where it acts as a clearinghouse for insurance claims with both the healthcare providers and insurers as clients. In 2017 the business processed $1 trillion in claims. Putting that in context, in the same year U.S. healthcare expenditure was estimated at $3.5 trillion which accounted for 18% of GDP.
McKesson, the giant pharma distribution company (2018 revenues $208 billion) owns 70% of Change Healthcare. In mid-2016 McKesson merged its IT activities with the original Change Healthcare owned by Blackstone private equity. A year ago the Change Healthcare CEO announced a possible IPO and in October
Reuters reported that McKesson had appointed underwriters. The IPO could value Change Healthcare at up to $12 billion.
Apart from claims settlement and payment, Change Healthcare provides software and analytics, clinical services including medical records and patient engagement services like consent management and digital identity.
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Image Copyright: Change Healthcare
