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Fred Pennic, Editor-in Chief | HIT Consultant

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

Gympass Secures $85M for Corporate Wellness Platform at $2.4B Valuation

by Fred Pennic 08/23/2023 Leave a Comment

Gympass Secures $85M for Corporate Wellness Platform at $2.4B Valuation

What You Should Know: - Gympass, a New York City-based corporate wellness platform raises $85M in a Series F funding round led by EQT Growth, with participation from Neuberger Berman at a valuation of $2.4B. - In addition to the Series F funding led by EQT Growth, General Atlantic and Moore Strategic Ventures are also doubling down on their investments in Gympass by purchasing existing shares from earlier investors and current and former employees. Largest Global Wellness Network
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Epic, Microsoft, Nuance Expands Partnership to Accelerate Generative AI

by Fred Pennic 08/22/2023 Leave a Comment

Microsoft Enables Epic Clients to Use Microsoft Azure Large Instances to Manage Large EHR Database Loads

What You Should Know: Today, Epic, Microsoft, and Nuance announced an expansion of their strategic initiative to bring generative AI to healthcare at scale, integrating conversational, ambient, and generative AI technologies across the Epic EHR ecosystem.This initiative will expand secure access to AI-powered clinical insights and administrative tools within a wide range of Epic modules to enhance patient care, increase operational efficiency, improve healthcare experiences, and support the
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Cressey & Company Acquires HealthDrive – Health M&A

by Fred Pennic 08/22/2023 Leave a Comment

Cressey & Company Acquires HealthDrive – Health M&A

What You Should Know: Private equity investment firm Cressey & Company LP ("Cressey") acquires HealthDrive, a leading multi-specialty clinical services organization to patients residing in long-term care facilities, from Bain Capital Double Impact.The investment will enable continued expansion of access to HealthDrive's high-quality healthcare offering for long-term care residents. HealthDrive Background Based in Framingham, Massachusetts, HealthDrive offers a comprehensive set
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Talkdesk Joins Epic’s Pals Program to Co-Innovation on Integrated Patient Experience Solutions

by Fred Pennic 08/21/2023 Leave a Comment

Talkdesk Joins Epic’s Pals Program to Co-Innovation on Integrated Patient Experience Solutions

What You Should Know: - Talkdesk®, Inc., a global AI-powered cloud contact center leader today announced that it has joined Epic’s new Pals program to expand the Epic EHR integration with its Talkdesk Healthcare Experience Cloud™ platform. - Talkdesk is the first CCaaS vendor to be announced as a member of the Pals program, which helps customers select vendors that use validated integrations with Epic’s software.Co-Innovate on Integrated Patient Experience SolutionsThe two companies will
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Experity Acquires Teleradiology PACS Platform OnePACS – M&A

by Fred Pennic 08/18/2023 Leave a Comment

Experity Acquires Teleradiology PACS Platform OnePACS - M&A

Experity Acquires Teleradiology PACS Platform OnePACS - M&AWhat You Should Know: - Experity, the technology partner of over 50% of U.S. urgent cares, has acquired OnePacs – a medical imaging SaaS company revolutionizing the Picture Archiving and Communication Systems (PACS) and Teleradiology industries.  - The acquisition further strengthens Experity’s position as the leading urgent care Teleradiology provider and fills a gap in on-demand care delivery. Acquisition
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Doccla Acquires OpenTeleHealth, Expanding in 12 Markets – M&A

by Fred Pennic 08/18/2023 Leave a Comment

Doccla Acquires OpenTeleHealth, Expanding in 12 Markets - M&A

What You Should Know:  - London-based virtual ward technology provider Doccla today announced the acquisition of medically certified cloud-based platform OpenTeleHealth (OTH). - Founded in 2015, OpenTelehealth is a universal cloud-based remote patient monitoring platform that enables patients to measure health data at home, using an app and a wide range of medical measurement devices. Doctors can view patient data on a web portal. - Doccla has swiftly become the leading virtual
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M&A: Orbita Acquires Wellbe Assets, Creating Seamless Digital Pathway

by Fred Pennic 08/17/2023 Leave a Comment

M&A: Orbita Acquires Wellbe Assets

What You Should Know:  Orbita today announced it has acquired the assets of Wellbe, a digital health company providing patient navigation for specialty care. The acquisition includes Wellbe’s software, customers and select staff. Financial details of the acquisition were not disclosed.  Acquisition Creates Seamless Digital Pathway for Patient Care This strategic acquisition will expand Orbita’s impact on healthcare organizations, ranging from general practices to
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Why Maternity Care Deserts Aren’t Going Away. Here’s What Can Be Done

by Anish Sebastian, Co-founder and CEO, Babyscripts 08/17/2023 Leave a Comment

Bullshit Metrics: Is Patient Engagement Real?

For a long time, healthcare providers in the U.S. have been putting band-aids on the problem of maternity care deserts, propping up existing services for pregnant women and new mothers with temporary fixes.  The problem shows no sign of resolving, and it won't until we recognize that the issues at its heart are not temporary. They represent deeper, permanent changes in national demographics and healthcare delivery. And they require permanent solutions.  A DECLINING BIRTH
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AliveCor and Clario Partner to Offer Decentralized Clinical Trials- Focused Six-Lead ECG Solutions

by Fred Pennic 08/16/2023 Leave a Comment

AliveCor and Clario Partner to Offer Decentralized Clinical Trials- Focused Six-Lead ECG Solutions

What You Should Know:  Clario announced an expansion to its collaboration with AliveCor to enable trial participants to collect medical-grade six-lead ECG readings in the comfort of their own homes through KardiaRx, a clinical-trial-focused app. This technology enables pharmaceutical and biotech customers to consider decentralized and hybrid clinical trial strategies in study protocols that would have otherwise been limited to on-site evaluations. Enabling Accurate Cardiac Safety
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Virgin Pulse Launches Global Loneliness Challenge for Employers

by Fred Pennic 08/16/2023 Leave a Comment

Virgin Pulse Launches Global Loneliness Challenge for Employers

What You Should Know:  Virgin Pulse launches a five-week global loneliness challenge for employers and health plans designed to foster social connections and reverse costly adverse health risks.Social isolation and loneliness is a worldwide problem and is clinically proven to be detrimental to individual and population health. The  Striding for Connection challenge is being offered to all current clients worldwide to empower members to foster new connections while strengthening
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