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Fred Pennic, Editor-in Chief | HIT Consultant

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

GE HealthCare to Acquire Caption Health to Expand AI-Guided Ultrasounds

by Fred Pennic 02/10/2023 Leave a Comment

GE HealthCare to Acquire Caption Health

What You Should Know: - GE HealthCare acquires Caption Health, Inc., a privately owned artificial intelligence (AI) healthcare leader that creates clinical applications to aid in early disease detection, using AI to assist in conducting ultrasound scans. - The acquisition supports GE HealthCare’s $3B Ultrasound business by adding AI-enabled image guidance to ultrasound device portfolios. In addition, it aligns with strategy to deliver precision care and expands access to new ultrasound
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Epic, Impact Advisors, Nordic, Chartis Named 2023 Overall Best in KLAS® Awards

by Fred Pennic 02/09/2023 Leave a Comment

Epic, Impact Advisors, Nordic, Chartis Named 2023 Overall Best in KLAS® Awards

What You Should Know: Epic, Nordic, Impact Advisors and The Chartis Group won the 2023 Overall Best in KLAS® awards. Epic was named the top Overall Software Suite for the thirteenth straight year in 2023 Best in KLAS – Software & Services report, released, which reports on the top vendors for 2022. Epic was also named the top Overall Physician Practice Vendor. Epic won thirteen other Best in KLAS awards in various market segments.  - Impact Advisors tied with Nordic to be a
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U.S. Air Force and SimX Expands VR Medical Training Partnership

by Fred Pennic 02/09/2023 Leave a Comment

U.S. Air Force and SimX Expands VR Medical Training Partnership

What You Should Know: - SimX and the U. S. Air Force are announcing a $1.7M expansion of its ongoing effort to advance the future of medical simulation training using virtual reality (VR) technology. - This effort, housed within the Virtual Advancement of Learning for Operational Readiness (VALOR) program at SimX, aims to enhance the usability and medical capability of virtual simulation training, with a focus on prehospital combat casualty care delivered by the Air Force's elite special
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CVS Health Acquires Oak Street Health for $10.6B in Cash – M&A

by Fred Pennic 02/08/2023 Leave a Comment

CVS Health Acquires Oak Street Health for $10.6B in Cash

What You Should Know: - CVS Health acquires Oak Street Health in an all-cash deal of $39 per share in cash, representing an enterprise value of approximately $10.6 billion. Bringing CVS Health and Oak Street Health together can significantly benefit patients’ long-term health by reducing care costs and improving outcomes – particularly for those in underserved communities. - Oak Street Health CEO Mike Pykosz will continue to lead Oak Street Health, which will become part of CVS
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Faro Health Secures $20M to Streamline Smart Clinical Trials

by Fred Pennic 02/08/2023 Leave a Comment

Faro Health Secures $20M to Streamline Smart Clinical Trials

What You Should Know: - Faro Health, a cloud-computing company that is developing digital infrastructure for smart clinical trials raises $20M in Series A funding led by General Catalyst to help scale the digital transformation of clinical trials––essentially making it easier and quicker for drug developers to greatly reduce the cost and time of trials. - The round also included participation from previous investors Section 32, Polaris Partners, Zetta Ventures, and Northpond Ventures.
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Memora Health & Virtua Health Partner to Streamline Patient Experience

by Fred Pennic 02/07/2023 Leave a Comment

Memora Health & Virtua Health Partner to Streamline Patient Experience

What You Should Know: - Memora Health, an intelligent platform for virtual care delivery and complex care management partners with Virtua Health, the largest health system in South Jersey, to streamline care delivery and improve the patient experience. - The partnership will leverage Memora’s clinical intelligence platform across specialties to automate clinicians’ routine care tasks and streamline care management operations with the goal of removing unnecessary barriers and making it
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Ushur Lands $50M for Customer Experience Automation Platform

by Fred Pennic 02/07/2023 Leave a Comment

Ushur Lands $50M for Customer Experience Automation Platform

View ClaimsView Claim What You Should Know: - Ushur, the leader in AI-powered Customer Experience Automation™ (CXA), has raised a $50M Series C funding round led by Third Point Ventures with participation from existing investors Iron Pillar, 8VC, Aflac Ventures and Pentland Ventures. The company plans to use the funding to expand Ushur’s experience automation portfolio, developing new innovations in AI and moving into new regions and industry verticals. Healthcare Automation
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ShiftMed Raises $200M to Expand Nurse Staffing Marketplace

by Fred Pennic 02/06/2023 Leave a Comment

ShiftMed Raises $200M to Expand Digital Healthcare Labor Marketplace

What You Should Know: - Today ShiftMed, one of the largest W-2 healthcare workforce management platforms, announced $200M in funding led by Panoramic Ventures with participation from Blue Heron Capital and Audacious Capital.  - ShiftMed plans to use the latest round of funding to help solve healthcare workforce issues across a variety of care settings, with an emphasis on expanding into health systems.  Flexible Solution for Staffing Shortage Historically, traditional
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Simple HealthKit Raises $8M to Transform Health Diagnostics and Follow-Up Care

by Fred Pennic 02/06/2023 Leave a Comment

Simple HealthKit Raises $8M to Transform Health Diagnostics and Follow-Up Care

What You Should Know: - Simple HealthKit raises $8M in Series A funding led by Initialized Capital to address health inequity with the first human-centric, end-to-end healthcare platform that builds and delivers diagnostics, treatment and follow-up care for all - The Series A round also included participation from seed investors Kleiner Perkins, Kapor Capital and Quest Venture Partners, bringing Simple HealthKit’s total funding to date to $12M. End-to-End Diagnostics and Digital Health
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Israel HMO Enables Patients to Contact Doctors Via WhatsApp

by Fred Pennic 02/03/2023 Leave a Comment

Israel HMO Enables Patients to Contact Doctors Via WhatsApp

What You Should Know: - Clalit Health Services, the largest HMO in Israel eases the burden on customer service teams, allowing members to communicate directly with their HMO through WhatsApp and social media. - Clalit members in Israel. Clalit members can now contact the clinic and doctors via WhatsApp - to schedule appointments, send documents - and save waiting time.  Deploying CommBox’s Omnichannel Communication Platform As part of the move, Clalit implemented CommBox’s
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