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Fred Pennic, Editor-in Chief | HIT Consultant

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

Axle Health Secures $4.2M to Combat Home Healthcare Staffing Shortage

by Fred Pennic 02/22/2024 Leave a Comment

Axle Health Secures $4.2M to Combat Home Healthcare Staffing Shortage

What You Should Know: - Axle Health, a provider of scheduling and workforce management software for home healthcare, today announced the closing of an additional $4.2M in seed funding, bringing its total raised to $4.4M. - This latest round, led by TRAC VC with participation from existing investor Pear VC, will fuel Axle's mission to address the critical staffing shortage in the home healthcare industry through innovative technology solutions. Optimizing Care Delivery and Reducing
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Remodel Health Acquires PeopleKeep: Revolutionizing ICHRAs for Employers

by Fred Pennic 02/22/2024 Leave a Comment

Remodel Health Acquires PeopleKeep: Revolutionizing ICHRAs for Employers

What You Should Know:  - Remodel Health announced today the acquisition of PeopleKeep, a leading provider of Individual Coverage Health Reimbursement Arrangements (ICHRAs). Financial details of the acquisition were not disclosed.  - The acquisition marks a new era in employee health benefits. By combining industry-leading expertise, diverse solutions, and a commitment to personalized service, Remodel Health is positioned to revolutionize the way SMBs approach employee health and
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XiFin Appoints Erik Sallee as Chief Financial Officer & EVP

by Executive Digital Health Appointments 02/22/2024 Leave a Comment

XiFin Appoints Erik Sallee as Chief Financial Officer & EVP

What You Should Know: - XiFin, Inc., a pioneering force in healthcare information technologies, has announced the appointment of Erik Sallee as its new Chief Financial Officer (CFO) and Executive Vice President. - With a wealth of experience in finance and a track record of success in leading organizations through transformative growth phases, Sallee's arrival marks a significant milestone for XiFin as it charts its course towards enhanced operational efficiency and market
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Fabric Raises $60M to Automate Healthcare with AI-powered Care Enablement System

by Fred Pennic 02/21/2024 Leave a Comment

Fabric Raises $60M to Automate Healthcare with AI-powered Care Enablement System

What You Should Know: - Fabric, a leading care enablement platform developer, announced today a $60 million Series A funding round led by General Catalyst, with continued participation from Thrive Capital, GV (Google Ventures), and other notable investors. - The funding will be used to fuel Fabric's mission to humanize healthcare by automating administrative and clinical tasks, empowering both patients and clinicians. Addressing Crisis-Level Clinician Burnout With provider burnout at
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HealthSnap Secures $25M to Expand Remote Patient Monitoring and Chronic Care Management Solutions

by Fred Pennic 02/21/2024 Leave a Comment

HealthSnap Secures $25M to Expand Remote Patient Monitoring and Chronic Care Management Solutions

What You Should Know: - HealthSnap, a leading provider of remote patient monitoring (RPM) and chronic care management (CCM) solutions, announced today the closing of a $25M Series B funding round by Sands Capital, with participation from new investors Comcast Ventures, Acronym Venture Capital, and Florida Opportunity Fund. - This latest funding round brings the company's total funding to $48.5M and positions it for continued growth and innovation in the rapidly expanding RPM and CCM
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UnityAI Secures $4M for AI-Powered Patient Flow Optimization

by Fred Pennic 02/21/2024 Leave a Comment

UnityAI Secures $4M for AI-Powered Patient Flow Optimization

What You Should Know: - UnityAI, a healthcare technology startup, announced today the successful closure of its seed funding round, raising $4M led by Max Ventures, with participation from Whistler Capital Partners, Nashville Capital Network, Company Ventures, and individual healthcare angels.  - The funding fuels the company's mission to transform hospital operations through AI-powered patient flow optimization. Founded by Healthcare Experts, Focused on Patient Care UnityAI is
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X-trodes’ Smart Skin Earns FDA Clearance for Home-Based Electrophysiological Monitoring

by Fred Pennic 02/20/2024 Leave a Comment

X-trodes' Smart Skin Earns FDA Clearance for Home-Based Electrophysiological Monitoring

What You Should Know: - X-trodes, a pioneer in wireless monitoring solutions, has achieved a major milestone with the U.S. Food and Drug Administration (FDA) granting 510(k) clearance for its Smart Skin solution, marketed as the X-trodes System M. - The FDA clearance positions X-trodes as a frontrunner in democratizing advanced electrophysiological monitoring. By bringing clinical-grade technology to the home environment, X-trodes paves the way for personalized healthcare solutions,
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Highmark Grants Commercial Coverage to Theranica’s Wearable for Migraine Treatment

by Fred Pennic 02/20/2024 Leave a Comment

Highmark Grants Commercial Coverage to Theranica's Wearable for Migraine Treatment

What You Should Know: - Theranica, a leader in neuromodulation devices for migraine and other chronic pain conditions, announced today that Highmark Inc. has included its Nerivio Remote Electrical Neuromodulation (REN) wearable in its commercial coverage policy for the acute and preventive treatment of migraine. - Highmark's coverage decision is a pivotal moment for migraine sufferers within their network. This opens doors for individuals previously limited by traditional treatment options
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Strive Health, Medical Mutual Partner to Bring Value-Based Kidney Care to Ohioans

by Fred Pennic 02/20/2024 Leave a Comment

Strive Health, Medical Mutual Partner to Bring Value-Based Kidney Care to Ohioans

What You Should Know: - Strive Health, the national leader in value-based kidney care, and Medical Mutual, one of the largest Ohio-based health insurance companies, announced a new value-based kidney care partnership. - The strategic collaboration aims to deliver value-based kidney care to eligible members with chronic kidney disease (CKD) and end-stage kidney disease (ESKD) across all lines of business, including Medicare Advantage, individual, and commercial group health
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Siftwell Analytics Secures $5.8M for AI-Powered Community Health Plan Analytics

by Fred Pennic 02/20/2024 Leave a Comment

Siftwell Analytics Secures $5.8M for AI-Powered Community Health Plan Analytics

What You Should Know: - Siftwell Analytics, a healthcare technology company founded by industry veterans, announced today the successful closing of its seed funding round totaling $5.8M. - This significant investment, led by AlleyCorp, Arkin Digital Health, Tau Ventures, and The Charlotte Fund, underscores the growing demand for Siftwell's innovative approach to population health management. Empowering Community-Oriented Organizations with Explainable AI Co-founded in 2022 by Trey
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