Founded in 2017, Citizen Health's mission was to build a transparent and accessible healthcare system by eliminating intermediaries like insurance companies. The company intended to use a blockchain-based platform and a proprietary cryptocurrency token (Medacoin) to enable peer-to-peer payments for medical services. This model was designed to lower costs, increase price transparency, and give patients more control over their healthcare. Despite raising a seed round and developing its platform, the company announced its closure in October 2020, citing insurmountable challenges in navigating the complex and entrenched US healthcare industry.

Founded in

United States