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Fred Pennic, Editor-in Chief | HIT Consultant

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

Brightside Health Secures $33M to Expand Access to Mental Healthcare

by Fred Pennic 03/26/2024 Leave a Comment

Brightside Health Secures $33M to Expand Access to Mental Healthcare

What You Should Know: - Brightside Health, a teletherapy provider for depression, anxiety, and other mood disorders, raises $33M in Series C funding led by S32. - The funding round, which included participation from existing investors alongside new partners like Kennedy Lewis, Time BioVentures, and Anne Wojcicki's Redwood Pacific, will fuel Brightside Health's expansion plans. - The funding comes on the heels of the company's recent expansion into Medicaid and Medicare programs, along
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Tennr Raises $18M to Fix Fax Problem in Healthcare with AI

by Fred Pennic 03/26/2024 Leave a Comment

Tennr Raises $18M to Fix Fax Problem in Healthcare with AI

What You Should Know: - Tennr, a New York-based company that automates the messy, painful, manual work holding healthcare organizations back from seeing more patients, increasing revenue, and growing their business raises $18M in Series A funding led by a16z. The latest round brings Tennr's total funding to over $25M. - The company, founded by a team of Stanford graduates with expertise in machine learning, is tackling the problems caused by fax reliance in healthcare. The Problem:
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SYNERGEN Health Appoints Patricia Smith as Director of Revenue Cycle Consulting

by Executive Hires 03/26/2024 Leave a Comment

SYNERGEN Health Appoints Patricia Smith as Director of Revenue Cycle Consulting

What You Should Know: - SYNERGEN Health, an industry-leading provider of technology-enabled revenue cycle services and solutions for healthcare organizations appoints Patricia Smith as Director of Revenue Cycle Consulting. - Smith brings more than 25 years of experience in healthcare revenue cycle management and Ambulatory Surgery Center (ASC) operations. Her previous experience as Chief Executive Officer of a
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Pharmacovigilance in Crisis: Automation as the Answer to Workforce Shortages

by Axel Hagel, Practice Leader, PV & RM services, IQVIA 03/22/2024 Leave a Comment

Pharmacovigilance in Crisis: Automation as the Answer to Workforce Shortages

The healthcare industry is no stranger to workforce shortages, and the pharmaceutical industry may be next to experience disruptions brought on by labor challenges. According to the U.S. Bureau of Labor Statistics, it is estimated that occupations across life, physical and social sciences are expected to grow 7% by 2028. However, statistics also indicate that about 136,800 openings in these fields will remain unfilled annually through 2032, as employment growth and worker resignations are
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PocketHealth Secures $33M to Expand Medical Image Exchange Platform

by Fred Pennic 03/21/2024 Leave a Comment

PocketHealth Secures $33M to Expand Medical Image Exchange Platform

What You Should Know: - PocketHealth, a Toronto, CA-based patient-centric platform for medical image exchange raises $33M USD ($45 million CAD) in Series B funding led by Round13 Capital with participation from Deloitte Ventures, Samsung Next. - PocketHealth plans to use the latest round of funding to develop its secure platform, streamlining image exchange between patients, providers, and any healthcare facility. In addition, PocketHealth plans to double its workforce and significantly
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Conduce Health Secures $3M for Multi-Specialty Value-Based Care Marketplace

by Fred Pennic 03/21/2024 Leave a Comment

Conduce Health Secures $3M for Multi-Specialty Value-Based Care Marketplace

What You Should Know: - Conduce Health, a healthcare technology company focused on value-based care raises $3M in seed funding led by Connecticut Innovations with participation from AlleyCorp and CityLight. - With a network of over 150 specialists, Conduce provides a centralized platform for managing specialty care risk, optimizing contracting, and utilizing data science to deliver the right care at the right time. The Problem: Disconnected Care for Complex Conditions Value-based
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Phreesia Appoints Jack Callahan as Chief Technology Officer

by Executives Hires 03/21/2024 Leave a Comment

Phreesia Appoints Jack Callahan as Chief Technology Officer

What You Should Know: - Phreesia, a provider of patient intake, outreach and activation appoints Jack Callahan as the company’s new Chief Technology Officer. - As Chief Technology Officer, Callahan will oversee Phreesia’s core and integration platforms and is responsible for the company’s Patient Intake, Data Center Operations, Site Reliability Engineering and Analytics teams.  Callahan Bio/Background Callahan previously served as Phreesia’s Vice President of Engineering and has been
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Cybin Raises $150M to Advance Psychedelic Therapy for Depression

by Fred Pennic 03/21/2024 Leave a Comment

Cybin Raises $150M to Advance Psychedelic Therapy for Depression

What You Should Know: - Cybin Inc. (NYSE American: CYBN), a company developing next-generation psychedelic therapies for mental health, has secured $150M in a private placement of common shares led by Deep Track Capital and included participation from other institutional investors. The price per share was set at $0.43, representing a 17% premium over the 10-day volume-weighted average trading price. - The funding will fuel the development of CYB003, a potential first-in-class psychedelic
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Google & Apollo Fight TB, Lung & Breast Cancer in India with 3 Million Free AI Screenings

by Fred Pennic 03/21/2024 Leave a Comment

Free AI Cancer & TB Screenings for India: Google & Apollo's Initiative

What You Should Know: - Google Health and Apollo Radiology International are joining forces to tackle some of the country's biggest health challenges – tuberculosis (TB), lung cancer, and breast cancer – using AI-powered screening technology. - Over the next decade, Apollo will leverage AI models to provide 3 million free screenings for TB, lung cancer, and breast cancer. The initiative has the potential to save countless lives and improve healthcare outcomes for millions of Indians. AI
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Abridge & NVIDIA Partner to Supercharge AI-powered Clinical Documentation

by Fred Pennic 03/20/2024 Leave a Comment

Abridge & NVIDIA Partner to Supercharge AI-powered Clinical Documentation

What You Should Know: - Abridge, a leader in generative AI for healthcare documentation forms a strategic collaboration with NVIDIA to leverage NVIDIA's cutting-edge technology and expertise to significantly improve clinician workflows and patient care through AI-powered solutions. - Abridge also secured an investment from NVentures, NVIDIA's venture capital arm, further solidifying their commitment to revolutionizing healthcare documentation Unearthing a Sea of Lost
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