VSP Global® Partners with PokitDok® to Explore Blockchain Solutions for Healthcare

PokitDok VSP Global

RANCHO CORDOVA, CA, May 8, 2018 — VSP Global has announced an investment in PokitDok Inc., a leading healthcare platform-as-a-service company. The partnership joins a separate collaboration already underway between PokitDok and VSP’s innovation lab, The Shop, to explore and test solutions using PokitDok’s HIPAA-compliant blockchain solution, DokChain™.

“Blockchain is poised to revolutionize how companies and entire industries, including healthcare, conduct business,” said Jay Sales, co-director of VSP’s innovation lab, The Shop. “Just as VSP was the first vision care company to provide online claims processing and authorizations during the expansion of the internet in the 1990s, we understand the need to be at the forefront of this next evolution as well.”

At its core, blockchain functions as a decentralized ledger where encrypted data is permanently stored in “blocks” and forms a chain of protected and immutable transactions.

While blockchain’s impact across a number of industries is only beginning to take shape, its application in healthcare could include such advancements as auto-adjudication of claims, more efficient supply chain management, or seamless and secure interoperability between legacy electronic health record systems.

“Blockchain is an essential next step to achieve the heightened levels of security, flexibility, efficiency and transparency that the current healthcare market demands,” said Ted Tanner, Jr., co-founder and CTO of PokitDok. “We are pleased to test and deploy DokChain-enabled healthcare solutions with VSP Global, especially given their history of innovation.”

As part of the investment, VSP has secured two observer seats on PokitDok’s board of directors. VSP is also an active contributor to the DokChain Alliance, a coalition of health systems, insurers, technology providers, and financial institutions established to advance the application and governance of blockchain technology in healthcare.

“Blockchain is coming to healthcare—quickly,” said Sales. “With PokitDok, we have the opportunity to help lead the conversation in the vision care industry and support technological advancements that will ultimately benefit our members and our network of independent doctors.”

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About VSP Global
VSP Global® is a doctor-governed company that exists to create value for members and opportunities for VSP network doctors. Our industry leading businesses include VSP® Vision Care, the only national not-for-profit vision benefits company, which provides access to eye care for 88 million members  through a network of 39,000 eye doctors worldwide; Marchon® Eyewear, Inc., one of the world’s largest designers, manufacturers and distributors of high quality eyewear and sunwear; VSP Optics, industry leaders in ophthalmic technology and lab services,  providing custom lens solutions for the vision and lifestyle needs of patients; Eyefinity®, the industry leader in practice management and electronic health record software, and VSP Retail, which focuses on increasing access to eye care and eyewear through multiple channels. Together with VSP network doctors, VSP Global's Eyes of Hope® has provided access to no-cost eye care and eyewear for more than 1.8 million people in need.

VSP GLOBAL Media Contact:
Jon Schuller
jonsc@vsp.com
916.851.6331

About PokitDok, Inc.
PokitDok provides a platform-as-a-service that enables healthcare organizations to quickly bring modern commerce experiences to market. From identity management and scheduling to claims processing and payment optimization, PokitDok offers unmatched speed to market and scalability across the healthcare value chain. PokitDok maintains trading partner agreements with health insurers and payers that enable data access to more than 4,900 plans and affiliates, representing 93 percent of the U.S. covered population. PokitDok is based in San Mateo, CA and Charleston, SC, and powers DokChain, blockchain for healthcare.

POKITDOK Media Contact:
Patrick Hurley
patrick.hurley@pokitdok.com
510.435.9865

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Jace Duval
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