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Fred Pennic, Editor-in Chief | HIT Consultant

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

XpertDox Secures $1.5M to Automate Medical Coding Process

by Fred Pennic 09/22/2022 Leave a Comment

XpertDox Secures $1.5M to Automate Medical Coding Process

What You Should Know: - Today, XpertDox, LLC., a Birmingham, AL-based revenue cycle company specializing in autonomous medical coding powered by artificial intelligence raises $1.5M from  TN3, LLC, an Arizona based Private Equity Capital firm. - XpertDox's XpertCoding solution harnesses the power of artificial intelligence in order to autonomously code medical claims faster, more accurately, and cheaper than traditional manual processes. XpertDox is utilizing the funding to
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Backed by $5M Grant, Butterfly Network Deploys 500 Devices to Healthcare Workers in Kenya

by Fred Pennic 09/22/2022 Leave a Comment

Backed by $5M Grant, Butterfly Network Deploys 500 Devices to Healthcare Workers in Kenya

What You Should Know: - Butterfly Network announce the deployment of 500 Butterfly iQ+ devices, the world’s only handheld, whole-body ultrasound probe, to healthcare practitioners in Kenya to advance maternal and fetal health. - This deployment is part of a $5 million grant from the Bill & Melinda Gates Foundation to expand access to medical imaging across Sub-Saharan Africa. Why It Matters According to the World Health Organization Regional Office for Africa1, about 830 women
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UnitedHealthcare and Peloton Expand Relationship to Reach 10 Million Members

by Fred Pennic 09/21/2022 Leave a Comment

UnitedHealthcare and Peloton Expand Relationship to Reach 10 Million Members

What You Should Know: - UnitedHealthcare and Peloton have renewed and expanded their relationship to help more people get or stay active and improve their overall well-being. - Since originally launching the offer in 2021, UnitedHealthcare members are collectively completing over 1 million Peloton classes per month; among enrollees who have taken at least one class during a given month, members are taking an average of over three classes each week. Provide Millions of More People With
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OurCrowd Launches $200M Global Health Equity Fund

by Fred Pennic 09/20/2022 Leave a Comment

OurCrowd Launches $200M Global Health Equity Fund

OurCrowd Launches $200M Global Health Equity Fund What You Should Know: - Global venture firm OurCrowd launches the $200M Global Health Equity Fund (GHEF) in collaboration with the WHO Foundation. - The fund team will be led by OurCrowd CEO, Jon Medved, and OurCrowd Managing Partner, Dr. Morris Laster, with the support of the WHO Foundation’s Chief Impact Investment Officer, Geetha Tharmaratnam. It will be managed by an OurCrowd team of clinical experts with decades of experience in
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Scratch Financial Raises $35M for Patient Financing Solution

by Fred Pennic 09/20/2022 Leave a Comment

Scratch Financial Raises $35M for Patient Financing Solution

What You Should Know: - Today Scratch Financial, an LA-based financial technology company connecting patients andmedical practices in the care now, pay later economy announced it has raised $35M in Series C funding led by Norwest Venture Partners. - Scratch, a business-to-business buy-now-pay-later (BNPL) fintech company helps patients focus on what’s most important - caring now - for themselves or for their pet - and paying later in a way that better meets their needs. Simplest
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Zócalo Health Raises $5M to Launch Primary Care Services for Latinos

by Fred Pennic 09/19/2022 Leave a Comment

Zócalo Health Raises $5M to Launch Primary Care Services for Latinos

What You Should Know: Zócalo Health, a Latino-founded healthcare service designed for Latino patients, announced that it’s closed on $5M in seed funding to support its launch of virtual primary care services in California, Texas, and Washington this year. The seed funding was co-led by Animo Ventures, Virtue, and Vamos Ventures. The round includes other notable investors including Necessary Ventures, Able Partners, and angel investors Toyin Ajayi, Freada Kapor Klein, Nikhil
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Epic Launches Life Sciences Program with Clinical Trial Matchmaking

by Fred Pennic 09/16/2022 Leave a Comment

Epic Systems

What You Should Know: - Epic launches Life Sciences program, expanding its work to bring together the disconnected parts of healthcare. - The Epic Life Sciences program is built to help providers, pharmaceutical companies, and medical device manufacturers recruit research participants, expand clinical trial access to underrepresented communities, and speed up the development of new therapies. Unifying Clinical Research with Care Delivery Providers across the world use Epic to
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Report: The State and Science of Value-Based Care

by Fred Pennic 09/16/2022 Leave a Comment

Report: The State and Science of Value-Based Care

What You Should Know: - Providers believe 96% of payment is now value-based in some capacity, and 58% believe their EHR vendor won’t be able to support the data strategies required to thrive under value-based care, according to a new study conducted by Morning Consult and Innovaccer. - The 37-page national research study uncovers key IT infrastructure issues healthcare leaders said are impeding or essential for progress towards accelerating their transformation to value-based
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Size Matters When it Comes to Choosing The Right Stent

by Fred Pennic 09/16/2022 Leave a Comment

Size Matters When It Comes to Choosing The Right Stent

It doesn’t take long for kids to figure out that people come in all different shapes and sizes and that what differentiates us from one another is what makes us unique. And while we are told from a young age that we are all the same inside—that we all see, smell, taste, touch and hear the same as one another—there are nuances to this that become apparent as we age.Our vasculature is a good case in point. While our arteries all carry blood to and from the heart, they are not all the same size.
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Intelerad Acquires Life Image to Expand Global Open Image Exchange Network

by Fred Pennic 09/15/2022 Leave a Comment

Intelerad Acquires Life Image to Expand Global Open Image Exchange Network

What You Should Know: - Today, Intelerad, a global provider of enterprise medical imaging solutions, announced its acquisition of Life Image, one of the largest image exchange networks of curated clinical and imaging data. - The acquisition, which closely follows Intelerad’s recent deal with PenRad Technologies, Inc. and acquisition of cloud imaging leader Ambra Health last year, creates the largest medical image exchange network in the world.  Acquisition Establishes Interlad as
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