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Fred Pennic, Editor-in Chief | HIT Consultant

Fred Pennic is the Founder and Editor-in-Chief of HIT Consultant.

Rippl Secures $23M to Expand its Virtual Dementia Care Platform

by Fred Pennic 10/02/2024 Leave a Comment

Rippl Secures $23M to Expand its Virtual Dementia Care Platform

What You Should Know:  - Rippl, a provider of virtual dementia care raises $23M ina Series A funding round led by Tina Hoang-To, Founding General Partner at Kin Ventures, with participation from existing investors including ARCH Venture Partners, General Catalyst, GV (Google Ventures), F-Prime, Mass General Brigham Ventures, and 1843 Capital. JSL Health also joined the round as a new investor. - The need for accessible and compassionate dementia care is more critical than ever. With
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Huma Acquires Digital Triage Platform eConsult, Launches Huma Workspace for Health Systems

by Fred Pennic 10/02/2024 Leave a Comment

Huma Acquires Digital Triage Platform eConsult, Launches Huma Workspace for Health Systems

What You Should Know:  - Huma, a global leader in healthcare AI and digital health solutions, has acquired eConsult, a prominent digital-first triage and automated consultation platform used throughout primary and emergency care in the UK.  - The strategic move strengthens Huma's commitment to transforming the NHS into a proactive, digital-first health system. Financial details of the acquisition were not disclosed.  Building a Comprehensive Digital Health
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Connie Health Acquires Keen Insurance Services, Expands Reach to Empower Seniors in Navigating Medicare

by Health M&A 10/02/2024 Leave a Comment

Connie Health Acquires Keen Insurance Services, Expands Reach to Empower Seniors in Navigating Medicare

What You Should Know:  - Connie Health, a Boston-based tech-enabled Medicare navigation platform, today announced that it has acquired Keen Insurance Services, a company built at Redesign Health.  - The acquisition will strengthen Connie Health’s commitment to expanding its reach and helping seniors across the U.S. make informed healthcare decisions.  Meeting the Growing Demand for Personalized Medicare Guidance This strategic acquisition comes at a time of significant
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WakeMed Taps Helix to Launch Precision Medicine Program

by Fred Pennic 10/02/2024 Leave a Comment

WakeMed Taps Helix to Launch Precision Medicine Program

What You Should Know:  - Helix, a leader in precision health, and WakeMed, a renowned not-for-profit health system in Raleigh, N.C., are joining forces to launch a large-scale precision medicine program in Wake County.  - The precision medicine initiative aims to improve health outcomes for residents by providing access to personalized genetic insights, enhancing disease prevention efforts, and supporting local health research. A Community-Wide Effort to Transform
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Surescripts Secures Investment from TPG for Acclerated Growth

by Fred Pennic 10/02/2024 Leave a Comment

Surescripts Secures Investment from TPG to Accelerate Healthcare Innovation

What You Should Know:  - Surescripts, the nation's leading health information network, announced today that TPG Capital, the U.S. and European private equity platform of global alternative asset firm TPG, will become a majority investor.  - This strategic partnership with TPG will enable Surescripts to expand its impact and accelerate the development of innovative solutions that address critical healthcare needs.  Focus on Enhancing Patient Care and Streamlining
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VisiQuate Acquired by Accel-KKR to Tackle Healthcare’s Revenue Leakage Crisis

by Fred Pennic 10/01/2024 Leave a Comment

VisiQuate Acquired by Accel-KKR

What You Should Know:  - VisiQuate, a provider of advanced revenue cycle analytics, AI-powered workflow, and automation solutions, today announced its acquisition by Accel-KKR, a global technology-focused investment firm.  - The strategic acquisition marks a significant milestone for VisiQuate, enabling the company to leverage Accel-KKR's resources and expertise to further its growth and innovation in the healthcare revenue cycle management (RCM) space. Addressing Healthcare's
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Epic Declines to Appeal Carequality Resolution in Dispute with Particle Health

by Fred Pennic 10/01/2024 Leave a Comment

Epic Challenges Particle Health Over Data Access Practices

What You Should Know:  - In an ongoing dispute over patient data privacy, Epic Systems has announced it will not appeal the Carequality Steering Committee's resolution, urging Particle Health to do the same and allow for the immediate release of the full resolution document. Background of the Dispute The dispute arose earlier this year when Epic, acting on behalf of its customer governing council, filed a complaint with Carequality against Particle Health. Epic alleged that certain
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Sheba Medical Center & Mana.bio Partner to Advance AI-Driven RNA Delivery for Cancer & Autoimmune Therapies

by Fred Pennic 10/01/2024 Leave a Comment

Sheba Medical Center & Mana.bio Partner to Advance AI-Driven RNA Delivery for Cancer & Autoimmune Therapies

What You Should Know:  - Sheba Medical Center, a leading Israeli hospital renowned for its medical innovation, and its innovation arm, ARC Innovation, have announced a collaborative research agreement with Mana.bio.  - The partnership aims to leverage Mana.bio's AI-powered programmable RNA delivery platform to overcome technological hurdles in RNA therapeutics, paving the way for enhanced treatments for cancer and autoimmune diseases. Bridging Technological Gaps in RNA
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Frontier Bio’s Lab-Grown Lungs Offers Hope for Drug Development

by Fred Pennic 10/01/2024 Leave a Comment

Frontier Bio's Lab-Grown Lungs Offers Hope for Drug Development

What You Should Know:  - Frontier Bio Corporation has successfully created complex microscale lung tissue by combining 3D bioprinting with the self-assembling capabilities of stem cells, mirroring the natural organ development process.  - Frontier Bio's breakthrough in lab-grown lung tissue signifies a potential turning point in the fight against respiratory diseases and the quest for viable organ transplantation options. Addressing the Limitations of Animal Testing Animal
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FOMO Drives AI Investment in Healthcare, Despite Trust Concerns

by Fred Pennic 10/01/2024 Leave a Comment

FOMO Drives AI Investment in Healthcare, Despite Trust Concerns

What You Should Know:  - A new study by intelligent automation company ABBYY reveals that fear of missing out (FOMO) is a major factor driving AI investment in healthcare.  - The study reveals that 57% of global healthcare providers expressed concern that their organizations will fall behind if they don't embrace AI. Efficiency and Patient Service as Key Drivers While FOMO plays a role, over half (52%) of healthcare leaders also cite increased efficiency and improved
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