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Fred Pennic, Editor-in Chief | HIT Consultant

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

Aiberry Secures $8M for AI-Powered Mental Health Screenings

by Fred Pennic 03/08/2023 Leave a Comment

Aiberry Secures $8M for AI-Powered Mental Health Screenings

What You Should Know: - Aiberry (pronounced “I” + “berry”), an AI-powered mental health screening pioneer today announced that it has secured $8M in seed funding led by Confluence Capital Group, Inc. (CCG) with participation from the VC fund Ascension AI. This brings total funding to $10M - The company plans to use the latest round of funding to accelerate the adoption of the Aiberry platform, which uses an AI-powered therapeutic assistant to conduct a conversation to detect mental health
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Opkit Launches First Insurance Verification Platform for Telehealth

by Fred Pennic 03/08/2023 Leave a Comment

Opkit Launches First Insurance Verification Platform

What You Should Know: - Y Combinator startup Opkit emerges from stealth with an automated health insurance verification platform that is purpose-built for the new telehealth companies and virtual medical clinics that are providing care for a wide range of patients across the United States. The startup has raised more than $1M from Global Founders Capital, Mischief (Plaid founder Zach Perret's fund), Socially Financed, Y Combinator and Rex Salisbury, former partner at Andreessen
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COTA and GTC Partner to Improve Precision Oncology

by Strategic Partnerships 03/08/2023 Leave a Comment

FDA Extends RCA With COTA to Explore COVID's Effect on Cancer

What You Should Know: - COTA, Inc., an oncology real-world data and analytics company, today announced a new partnership with Genomic Testing Cooperative (GTC), a molecular testing company. - GTC has a very innovative approach to genetic testing, providing molecular information which is critical to determining accurate diagnoses and determining the most appropriate treatment. GTC's tissue and liquid-biopsy testing leverages DNA and RNA sequencing, which is very rare in the
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Long-Term Care Insurtech Assured Allies Nabs $42.5M to Power Successful Aging

by Fred Pennic 03/07/2023 Leave a Comment

Long-Term Care Insurtech Assured Allies Nabs $42.5M to Power Successful Aging

What You Should Know: - Assured Allies, an insurtech company for evidence-based successful aging raises $42.5M in Series B funding round co-led by FinTLV Ventures and existing investor Harel Insurance, and was joined by new and existing investors including Lumir Ventures, Funds managed by Hamilton Lane (NASDAQ: HLNE), New Era Capital Partners, MS&AD Ventures, Core Innovation Capital, Poalim Equity, EquiTrust Life Insurance Company, Akilia Partners, and Samsung Next. The latest round
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Wave Life Secures $6M to Increase Mental Health Access For Gen Z

by Fred Pennic 03/07/2023 Leave a Comment

Wave Life Secures $6M to Increase Mental Health Access For Gen Z

What You Should Know: - Wave Life, the science-backed mental health platform aimed at supporting Gen Z raises $6M in seed funding led by Santé Ventures. The seed round also included participation from Hannah Grey, Joyance Capital, Gaingels, and Telocity Ventures. - Created and led by clinical psychologist Dr. Sarah Adler, Clinical Associate Professor of Psychiatry at Stanford University, the Wave Life platform takes the best of science-backed traditional therapy and delivers it in a way
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Transcarent Acquires 98point6 AI-Powered Virtual Care Platform and Care Business

by Fred Pennic 03/06/2023 Leave a Comment

Transcarent Acquires 98point6 AI-Powered Virtual Care Platform and Care Business

What You Should Know: - Transcarent, a health and care experience company that makes it easy for people to access high-quality, affordable care announced it will acquire AI-powered virtual care platform and care business of on-demand primary care company, 98point6.  Financial details of the acquisition were not disclosed; however, insiders expect the deal to be valued at $100M. - As part of the acquisition, hundreds of 98point6 enterprise customers including Boeing, Kindercare and
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Maryland HIE to Expand Medicaid Redetermination Notification Project

by Fred Pennic 03/06/2023 Leave a Comment

Maryland HIE to Expand Medicaid Redetermination Notification Project

What You Should Know: - CRISP, the nonprofit state-designated health information exchange (HIE) of Maryland, announced plans to expand its Medicaid Redetermination Notification project across the state to support care teams as they navigate redetermination for 1.6 million Medicaid enrollees. - The project is a collaboration across state agencies and began as a pilot supporting federally qualified health centers who expressed concerns about lacking resources that would contribute to
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IDS Taps Veta Health to Expand Virtual Care Offerings

by Strategic Partnerships 03/03/2023 Leave a Comment

IDS Taps Veta Health to Expand Virtual Care Offerings

What You Should Know: - Veta Health and Indiana-based Interactive Digital Solutions (IDS) announced their strategic partnership to expand IDS's virtual care offerings through an exclusive reseller agreement. - The adoption of telehealth and virtual care has surged since the Covid-19 pandemic and the demand for solutions that extend beyond virtual visits is high. The partnership enables hospitals and health systems to contract with a single organization to provide a
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Implicity Launches SMART on FHIR App to Optimize Interoperability & Workflow Efficiencies

by Fred Pennic 03/03/2023 Leave a Comment

Implicity Launches SMART on FHIR App to Optimize Interoperability & Workflow Efficiencies

What You Should Know: - Implicity, a leader in remote patient monitoring (RPM) and cardiac data management solutions, released a new SMART on FHIR application to improve interoperability and workflow efficiencies for providers. - The new app improves cardiac remote monitoring workflows by providing clinicians access to Implicity alerts and reports directly within Epic's EHR system. Implicity Background Implicity's cloud-based platform allows cardiac teams to streamline workflows by
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Major Health Partners Reduces Home Medication Reconciliation Time by 30%

by Fred Pennic 03/03/2023 Leave a Comment

Major Health Partners Reduces Home Medication Reconciliation Time by 30%

What You Should Know: Major Health Partners (Shelbyville, IN) announced that technicians saved on average three minutes of time per patient and realized a 30% improvement in the average time for overall home medication verification leveraging MEDITECH’s Expanse Patient Care solution. The solution was rolled out facility-wide, including in the ED, where medication reconciliation technicians saw immediate results. MHP has been able to build on this success by adopting the Expanse Patient
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