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Fred Pennic, Editor-in Chief | HIT Consultant

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

Qure.ai Appoints Jim Mercadante as Chief Commercial Officer

by Healthcare Executive Hires 01/09/2025 Leave a Comment

What You Should Know: - Qure.ai, a global provider of AI-powered healthcare solutions, announced the appointment of Jim Mercadante as its new Chief Commercial Officer. - Based in New York, Mercadante will lead the company's global sales and business development strategy, driving further expansion and market penetration. Mercadante Bio/Background Jim Mercadante brings extensive experience in commercial leadership, sales, business growth, and strategic marketing within the healthcare industry. He has held leadership positions at prominent companies such as Abbott, Johnson & Johnson, GE, Terumo, and most recently, Rapid AI. With a strong presence in over 90 countries, Qure.ai has experienced significant growth in Asia, Africa, the Middle East, and Europe. The company's AI-powered solutions are now gaining traction in North and South America, creating the need for expanded commercial leadership. With Mercadante's leadership and the support of its recent funding, Qure.ai is well-positioned to continue its rapid growth and solidify its position as a global leader in AI-driven healthcare solutions. "Qure.ai stands out for its exceptional people, cutting-edge technology, and clear vision for the future of healthcare. I’m excited to contribute to the company’s growth as we continue to expand globally and develop AI solutions that address critical healthcare challenges," said Jim Mercadante, Chief Commercial Officer of Qure.ai.

What You Should Know:  - Qure.ai, a global provider of AI-powered healthcare solutions, announced the appointment of Jim Mercadante as its new Chief Commercial Officer.  - Based in New York, Mercadante will lead the company's global sales and business development strategy, driving further expansion and market penetration. Mercadante Bio/Background Jim Mercadante brings extensive experience in commercial leadership, sales, business growth, and strategic marketing within the
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Q/A: Cedar Exec Talks The Untapped Potential of AI in Healthcare Call Centers in 2025

by Fred Pennic 01/08/2025 Leave a Comment

Cedar Exec Talks The Untapped Potential of AI in Healthcare Call Centers in 2025

What if AI could dramatically reduce call volume, improve patient satisfaction, and empower your call center staff?  In this exclusive interview, Dugan Winkie, Head of Commercial Strategy at Cedar, sheds light on the often-overlooked opportunity of leveraging AI in healthcare call centers. Winkie explores the unique challenges and opportunities AI presents for providers, highlighting the potential for increased efficiency, improved patient experiences, and significant financial gains. He
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FIRE1 Secures $120M for Heart Failure Management Platform

by Fred Pennic 01/08/2025 Leave a Comment

FIRE1 Secures $120M for Heart Failure Management Platform

What You Should Know:  - FIRE1, a connected medical device company, announced it has secured $120M in funding to advance its mission to transform the lives of millions of people living with heart failure. The round was led by Polaris Partners and Elevage Medical Technologies, joined by new investors Sands Capital and Longitude Capital, and existing investors Andera Partners, Gilde Healthcare, Gimv, the Ireland Strategic Investment Fund, Lightstone Ventures, Medtronic, NEA (New Enterprise
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Transcarent to Acquire Accolade in $621M Deal, Creating a Unified Platform for Personalized Healthcare

by Fred Pennic 01/08/2025 Leave a Comment

Transcarent to Acquire Accolade in $621 Million Deal, Creating a Unified Platform for Personalized Healthcare

What You Should Know:  - Transcarent, a health and care platform, announced today that it will acquire Accolade (NASDAQ: ACCD), a leader in health advocacy and primary care, for $7.03 per share in cash, representing a total equity value of approximately $621M.  The merger consideration represents a significant premium over Accolade's recent stock price, reflecting the strategic value of this transaction. Transcarent will finance the acquisition through equity financing led by
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ScreenPoint Medical Acquires Biomediq to Enhance Breast Cancer Risk Assessment with AI

by Fred Pennic 01/08/2025 Leave a Comment

ScreenPoint Medical Acquires Biomediq to Enhance Breast Cancer Risk Assessment with AI

What You Should Know:  - ScreenPoint Medical, a provider of AI-powered breast cancer screening solutions, acquires Biomediq A/S, a research-based company specializing in quantitative imaging biomarkers. Financial details of the acquisition were not disclosed.  - ScreenPoint's industry-leading Transpara AI platform will now incorporate Biomediq's advanced risk analysis technology, which enables automated analysis of 2D and 3D mammograms to assess future breast cancer risk. This
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Mashura Secures $300M Strategic Partnership with PE Firm Warburg Pincus

by Fred Pennic 01/07/2025 Leave a Comment

Mashura Secures $300M Strategic Partnership with PE Firm Warburg Pincus

What You Should Know:  - Mashura, a provider of inventory intelligence solutions for healthcare, announced today a significant $300M strategic partnership with a newly formed financing vehicle sponsored by Warburg Pincus, a growth private equity firm.  - The investment will fuel Mashura's expansion plans, drive innovation in its core offerings, and strengthen its integration partnerships. Inventory Intelligence Solutions Mashura specializes in providing smart cabinet
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Providence Ventures Spins Out, Forms Allumia Ventures

by Fred Pennic 01/07/2025 Leave a Comment

Providence Ventures Spins Out, Forms Allumia Ventures

What You Should Know:  - Allumia Ventures, formerly known as Providence Ventures, announced its spin-off from Providence to become an independent venture capital firm.  - The spin out follows the first close of its third fund, marking a significant milestone in the firm's evolution. The firm will continue to work closely with Providence as an Anchor Limited Partner while inviting a select group of other healthcare organizations to join its third fund. Allumia Ventures
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ONRAD Acquires Direct Radiology from Philips, Creating Largest Independent Teleradiology Provider in the US

by Fred Pennic 01/07/2025 Leave a Comment

ONRAD Acquires Direct Radiology from Philips, Creating Largest Independent Teleradiology Provider in the US

What You Should Know:  - ONRAD Inc., a provider of teleradiology and comprehensive radiology solutions, announced the acquisition of Direct Radiology from Royal Philips. Financial terms of the acquisition were not disclosed.  - Direct Radiology, founded in 2012, is a Joint Commission-accredited practice with a network of approximately 80 radiologists serving over 430 healthcare facilities across the US. By integrating Direct Radiology's extensive network and expertise, ONRAD
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NeuroFlow Acquires Intermountain Health’s Behavioral Health Analytics Model

by Fred Pennic 01/07/2025 Leave a Comment

Intermountain Health Partners with NeuroFlow to Improve Behavioral Health Integration in Primary Care

What You Should Know:  - NeuroFlow, a behavioral health technology and analytics company, has acquired Intermountain Health's proprietary behavioral health analytics model. Financial details of the acquisition were not disclosed.  - The strategic acquisition significantly enhances NeuroFlow's capabilities, enabling the company to provide more healthcare organizations with advanced risk assessment tools and improve patient outcomes on a national scale.  Enhancing
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Pepticom Secures $6.6M to Advance AI-Powered Peptide Drug Discovery

by Fred Pennic 01/07/2025 Leave a Comment

Pepticom Secures $6.6M to Advance AI-Powered Peptide Drug Discovery

What You Should Know:  - Pepticom, an innovator in AI-driven peptide-based therapeutics secures $6.6M in a Series A1 funding round led by Japan Israel High Tech Ventures 2 LP, with strong support from existing investors.  - The new funding will accelerate the development of Pepticom's oral IL-17 inhibitor program, focusing on creating improved treatments for autoimmune diseases like psoriasis and psoriatic arthritis. Revolutionizing Autoimmune Disease Treatment Pepticom is
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