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Fred Pennic, Editor-in Chief | HIT Consultant

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

Click Therapeutics Acquires Better Therapeutics, Expands into Obesity and Cardiometabolic Disease

by Fred Pennic 05/22/2024 Leave a Comment

Click Therapeutics Acquires Better Therapeutics, Expands into Obesity and Cardiometabolic Disease

What You Should Know:  - Click Therapeutics, a leader in prescription digital therapeutics (DTx), announced today the acquisition of key assets from Better Therapeutics.  - Click's expansion into cardiometabolic disease follows successful DTx development efforts in other areas, including migraine prevention, depression, schizophrenia, and opioid use disorder.   Strengthening the DTx Pipeline The acquisition includes several key assets from Better
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Wysa Awarded $3.4M Grant to Develop Personalized Mental Health Support for Chronic Pain

by Fred Pennic 05/22/2024 Leave a Comment

Wysa Secures $20M for AI-Powered Mental Health Chatbot

What You Should Know:  - Wysa, a leading provider of digital mental health platforms, has been selected as a sub-awardee for a $3.4M grant from the National Institute of Mental Health (NIMH), part of the National Institutes of Health (NIH).  - The 4-year project, led by Washington University in St. Louis with Duke University as another sub-awardee, aims to develop personalized pathways for individuals managing mental health conditions alongside chronic pain. Just-in-Time
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WearLinq Acquires AMI Cardiac Monitoring, Raises $6.7M for FDA-Cleared 6-Lead ECG Device

by Fred Pennic 05/21/2024 Leave a Comment

WearLinq Acquires AMI Cardiac Monitoring, Raises $6.7M for FDA 510(k) Cleared 6-Lead ECG Device

What You Should Know:  - WearLinq, a leader in wearable health monitoring, announced a strategic acquisition of AMI Cardiac Monitoring, LLC, a seasoned player in ambulatory cardiac monitoring.  - The acquisition, coupled with a recent $6.7M funding round, positions WearLinq to significantly expand access to their innovative eWave 6-lead ECG monitor and revolutionize the fight against atrial fibrillation (AFib), which recently received FDA 510(k) clearance.  Tackling the
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Sanofi, Formation Bio, OpenAI Partner on AI-Powered Drug Discovery

by Fred Pennic 05/21/2024 Leave a Comment

Sanofi, Formation Bio, OpenAI Partner on AI-Powered Drug Discovery

What You Should Know:  - Sanofi, a global pharmaceutical leader, Formation Bio, an AI-powered drug developer, and OpenAI, a leading research and development company in artificial intelligence, have announced a groundbreaking collaboration.  The first-of-its-kind partnership in the pharma and life sciences industries aims to leverage AI to accelerate drug development and bring new medicines to patients faster. - Sanofi, Formation Bio, and OpenAI believe this collaboration will be
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Videra Health Secures 5.6M for AI-Powered Mental Health Screening & Monitoring

by Fred Pennic 05/21/2024 Leave a Comment

Videra Health Secures 5.6M for AI-Powered Mental Health Screening & Monitoring

What You Should Know:  - Videra Health, a frontrunner in AI-powered mental health assessments raises $5.6M in Seed II funding led by Peterson Ventures, with participation from Mercato Partners, Epic Ventures, and Philo Ventures. - Videra Health aims to tackle these challenges by offering widespread, streamlined mental health screening and monitoring powered by AI technology.  Transforming Mental Health Screening with Video Technology Videra Health leverages cutting-edge
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Cityblock, Sunshine Health Partner to Deliver Care to Florida Medicaid Members in Central Florida

by Fred Pennic 05/21/2024 Leave a Comment

Cityblock, Sunshine Health Partner to Deliver Care to Florida Medicaid Members in Central Florida

What You Should Know:  - Cityblock, a value-based healthcare provider specializing in Medicaid, announced a new partnership with Sunshine Health, a Florida managed care plan. This collaboration aims to provide high-quality primary care and care coordination services to Medicaid beneficiaries with complex needs in Central Florida. - The partnership expands Centene Corporation's, Sunshine Health's parent company, existing relationship with Cityblock. Cityblock has already established
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How to Improve Your Nursing Skills with Technology

by Fred Pennic 05/21/2024 Leave a Comment

How to Improve Your Nursing Skills with Technology

Today, many businesses and healthcare groups leverage technology to connect with clients and customers, distribute products and services, and ensure social distancing. While being tech-savvy was beneficial, it has now become imperative for nurses to be proficient in the latest technological developments to offer effective patient care. Enroll in Premium Courses Individuals interested in an accelerated yet comprehensive overview of software and healthcare technology can find online courses
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Humana Becomes First Insurer to Cover TMS Therapy for Adolescent Depression

by Fred Pennic 05/20/2024 Leave a Comment

Humana Becomes First Insurer to Cover TMS Therapy for Adolescent Depression

What You Should Know:  - Neuronetics, Inc. and Humana announce a significant step forward in adolescent mental healthcare. This collaboration offers new hope for young people struggling with major depressive disorder (MDD) by making transcranial magnetic stimulation (TMS) therapy more accessible. - Humana, a health insurance provider, has become the first commercial payer to update its policy in response to the FDA's recent clearance of NeuroStar TMS for adolescents aged 15-21 with
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Implicity Launches FDA-approved Heart Failure Prediction Algorithm, SignalHF

by Fred Pennic 05/17/2024 Leave a Comment

Implicity Launches FDA-approved Heart Failure Prediction Algorithm, SignalHF

What You Should Know:  - Implicity, a leader in remote patient monitoring and cardiac data management, has received FDA 510(k) clearance for SignalHF1, a groundbreaking new algorithm within their remote monitoring solution.  - SignalHF1 algorithm empowers early detection and intervention, paving the way for improved patient outcomes and a brighter future for cardiac care. Leveraging Big Data for Better Heart Care Implicity holds a unique distinction as the first private
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Daffodil Health Secures $4.6M for AI-Powered Healthcare Pricing & Admin Solution

by Fred Pennic 05/16/2024 Leave a Comment

Daffodil Health Secures $4.6M for AI-Powered Healthcare Pricing Solution

What You Should Know:  - Daffodil Health, a healthcare technology company, has secured $4.6M in seed funding to tackle the multi-billion dollar problem of wasted healthcare administrative costs led by Maverick Ventures with participation from Epic Ventures. - Daffodil Health is the brainchild of a team with over 100 years of combined experience in healthcare and technology, from companies like MultiPlan, Google, and McKinsey. They recognize the urgent need to overhaul the current
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