Providence St. Joseph Health Acquires Lumedic
February 11, 2019
Providence St. Joseph Health has acquired Lumedic, a Seattle-based blockchain-enabled revenue cycle management platform, by purchasing Lumedic's assets and team and preserving the Lumedic brand. Providence will integrate Lumedic's distributed ledger, smart contracts, and machine learning capabilities to improve claims processing, interoperability between providers and payers, and reduce administrative costs across its health system.
- Buyers
- Providence St. Joseph Health
- Targets
- Lumedic
- Industry
- Healthcare Services
- Location
- Washington, United States
- Transaction Type
- Buyout
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