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Fred Pennic, Editor-in Chief | HIT Consultant

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

Arbital Health Acquires Actuarial Firm & Secures $10M for Value-Based Care Adjudication

by Fred Pennic 01/04/2024 Leave a Comment

Arbital Health Acquires Actuarial Firm & Secures $10M for Value-Based Care Adjudication

What You Should Know: - Arbital Health, a rising star in the value-based care space, announced a significant double play today, acquiring leading actuarial firm Santa Barbara Actuaries and securing $10 million in Series A funding led by Transformation Capital. - This strategic move positions Arbital Health as a major player in accelerating the healthcare industry's transition to a more outcome-driven model. Building the Infrastructure for Value-Based Care Founded in November 2023 by
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Glytec Appoints Patrick F. Cua as CEO to Drive Growth in Hospital Glycemic Management

by Executive Digital Health Hires 01/04/2024 Leave a Comment

Glytec Appoints Patrick F. Cua as CEO to Drive Growth in Hospital Glycemic Management

What You Should Know: - Glytec, a provider of cloud-based insulin management software solutions, announced today the appointment of Patrick F. Cua as Chief Executive Officer. - Cua's extensive experience and deep understanding of the healthcare industry will be crucial as Glytec gears up for rapid growth in the face of rising demand for its Glucommander® software. Cua Bio/Background With over three decades of leadership experience in healthcare, Cua brings a wealth of knowledge and
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Credo Health Secures $5.25M to Revolutionize Value-Based Care with AI-Powered Platform

by Fred Pennic 01/04/2024 Leave a Comment

Credo Health Secures $5.25M to Revolutionize Value-Based Care with AI-Powered Platform

What You Should Know: - Credo Health, a game-changer in value-based care technology, has secured $5.25M in Series Seed funding, led by FCA Venture Partners with strong participation from existing investors Hannah Grey VC, FirstMile Ventures, and SpringTime Ventures. This significant investment fuels Credo's mission to become the definitive platform for value-based care providers, empowering them to thrive in the evolving healthcare landscape. Bridging the Data Gap Credo Health's core
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Mission Bio Appoints Brian Kim as CEO to Spearhead Single-Cell Genomic Solutions

by Executive Digital Health Hires 01/04/2024 Leave a Comment

Mission Bio Appoints Brian Kim as CEO to Spearhead Single-Cell Genomic Solutions

What You Should Know: - Mission Bio, a pioneer in single-cell multiomic solutions for precision medicine, announced today the appointment of Brian Kim as its new Chief Executive Officer. - Kim brings over two decades of life sciences expertise and a proven track record of driving growth and innovation to the company, poised to propel Mission Bio's technology into clinical applications. Brian Kim Bio/Background Kim's career boasts a series of successes in the life sciences sphere,
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Aegis Ventures Appoints Dr. David Feinberg as Senior Advisor

by Executive Digital Health Hires 01/04/2024 Leave a Comment

Aegis Ventures Appoints Dr. David Feinberg as Senior Advisor

What You Should Know: - Aegis Ventures, a pioneering healthtech and healthcare AI venture studio, announced the appointment of Dr. David Feinberg, Chairman of Oracle Health, as Senior Advisor. - Dr. Feinberg's role at Aegis will be complementary and synergistic to his ongoing leadership at Oracle Health. This dual focus allows him to leverage his extensive experience and vision across both organizations, fostering a collaborative environment that accelerates healthcare innovation. Dr.
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MedBright AI Appoints Trevor Vieweg as CEO

by Digtial Helath Executive Hires 01/04/2024 Leave a Comment

MedBright AI Appoints Trevor Vieweg as CEO

- MedBright AI Investments Inc. (CSE: MBAI, OTCQB: MBAIF, FSE: 1V7), a leading investor in healthcare technology companies, today announced the appointment of Trevor Vieweg as its new Chief Executive Officer, effective immediately. - This strategic move signals MedBright AI's commitment to scaling its investments in disruptive healthcare AI technologies and driving further market leadership. A Seasoned Leader in AI Commercialization: Vieweg brings a wealth of experience in bringing AI
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M&A: Veradigm Acquires Koha Health to Strengthen Ambulatory RCM

by Fred Pennic 01/02/2024 Leave a Comment

M&A: Veradigm Acquires Koha Health to Strengthen Ambulatory RCM

What You Should Know: - Veradigm Inc. (NASDAQ: MDRX), a leading healthcare data and technology solutions provider,  announced today the acquisition of Koha Health, a full-service revenue cycle management (RCM) company. - This strategic move strengthens Veradigm's position as a premier provider of RCM services in the ambulatory healthcare market. Financial details of the acquisition were not dislcosed. Expanding Ambulatory RCM Expertise and Reach The acquisition brings
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Devoted Health Secures $175M to Expand Medicare Advantage Plans for Seniors

by Fred Pennic 01/02/2024 Leave a Comment

Devoted Health Secures $175M to Expand Medicare Advantage Plans for Seniors

What You Should Know: - Devoted Health, a leading provider of all-in-one healthcare for Medicare beneficiaries, has secured $175M in Series E funding, demonstrating continued investor confidence in its mission to revolutionize senior care. - The round was led by a lead syndicate composed of The Space Between (TSB), Highbury Holdings, GIC, Stardust Equity, Maverick Ventures, and Fearless Ventures. Also participating in the funding round were Socium Ventures, Emerson Collective, Andreessen
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Icario Appoints Aerste Howells as Chief Commercial Officer

by Digital Health Executive Hires 01/02/2024 Leave a Comment

Icario Appoints Aerste Howells as Chief Commercial Officer

What You Should Know: - Healthcare engagement leader Icario has tapped industry veteran Aerste Howells as its new Chief Commercial Officer, effective January 2nd, 2024. - Reporting to CEO Marc Willard, Howells will spearhead Icario's sales and marketing efforts, collaborating with healthcare executives to leverage the power of engagement in driving healthy behaviors. Aerste Howells Bio/Background Howells brings over two decades of experience partnering with payers, providers, and
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VA’s Troubled EHR System: Cautiously Moving Forward Despite Past Woes

by Fred Pennic 12/29/2023 Leave a Comment

VA's Troubled EHR System: Cautiously Moving Forward Despite Past Woes

What You Should Know: - The Department of Veterans Affairs' ambitious effort to modernize its electronic health record system (EHR) has hit the brakes, riddled with delays, cost overruns, and safety concerns, Nextgov reports. - While the Oracle Cerner system promises seamless interoperability with the Department of Defense's EHR, its rocky implementation at five facilities has sparked outrage and calls for accountability. A History of Hiccups 2020 launch: The system debuts at
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