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Fred Pennic, Editor-in Chief | HIT Consultant

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

Moving Analytics Nabs $20M for Virtual & Remote Cardiac Rehab Program

by Fred Pennic 07/11/2022 Leave a Comment

What You Should Know: - Moving Analytics, an Irvine, CA-based telehealth provider of cardiovascular prevention programs raises $20M in Series A funding led by Wellington Access Ventures and Seae Ventures with participation from Philips Ventures, SteelSky Ventures, Aphelion Capital (American Heart Association's official VC fund), Nueterra Capital, and Citi Ventures. This round brings the company's total funding to $30M. - Moving Analytics plans to use the new funds to
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5 Public Health Challenges to Watch in the Post-Pandemic Era

by Syed Hamza Sohail 07/11/2022 Leave a Comment

COVID-19 Vaccine Cyber Attacks

What You Should Know: - Public health agencies across the US are at a crossroads, finds the Reimagining Public Health Survey produced by Ernst & Young LLP (EY US). - This survey of 301 public health officials found that while slightly more than one in two (52%) are optimistic about what data can achieve for their communities, the rate of digital transformation remains uneven, and organizations face significant barriers to change. Key Public Health Obstacles Post Covid-19 Public
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GE Healthcare Launches First 5G Innovation Lab for Remote Care

by Syed Hamza Sohail 07/11/2022 Leave a Comment

GE to Form Tax-Free Spin Off of GE Healthcare Focused on Precision Health

What You Should Know:  - GE Healthcare, a leading global medical technology, diagnostics, and digital solutions innovator, inaugurated its 5G Innovation Lab in Bengaluru, India, the first for GE Healthcare across the globe. - With the advantage of massive bandwidth, high data speeds, low latency, and highly reliable connectivity, 5G has the potential to disrupt the patient care continuum, transforming diagnosis, therapy, and prognosis. 5G Enabled Precision
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Tebra Raises $72M to Help Independent Practices Thrive

by Syed Hamza Sohail 07/11/2022 Leave a Comment

Tebra Raises $72M to Help Independent Practices Thrive

What You Should Know: - Tebra, the digital backbone for independent healthcare practices, announced that it has closed more than $72M in funding at a valuation greater than $1B. - This capital infusion will accelerate Tebra’s merger plans including expanding market share, developing and launching the combined product line and advancing the new branding for the company. Tebra supports over 100,000 providers who are delivering care to more than 90 million patients in the U.S. Digital
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RefleXion Medical Raises $125M for Biology-Guided Radiotherapy

by Syed Hamza Sohail 07/08/2022 Leave a Comment

RefleXion Medical Raises $125M for Biology-Guided Radiotherapy

What You Should Know: - RefleXion Medical, a therapeutic oncology company pioneering the use of biology-guided radiotherapy (BgRT) for all stages of cancer, today announced the closing of a $125M debt facility, of which $55M is available immediately to repay the company’s existing $50M of debt. - The remaining $70M of the new facility will be made available upon reaching certain regulatory and commercial milestones. The funds will support the continued commercialization of the RefleXion X1
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COTA Appoints Noel Alaka as VP of Life Sciences

by Digital Health Executive Appointments 07/07/2022 Leave a Comment

COTA Appoints Noel Alaka as VP of Life Sciences

What You Should Know: Today, oncology real-world data analytics company COTA announced the appointment of Noel Alaka as Vice President of Life Sciences. As VP of Life Sciences, Alaka will be responsible for helping grow and build partnerships with leading life sciences companies that are looking to adopt real-world data and real-world evidence to help accelerate innovation in treatments for patients facing cancer. Noel Alaka Bio/Background A benchtop
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Innovaccer Launches Connected Digital Health Solution for Biopharma & Medtech

by Fred Pennic 07/06/2022 Leave a Comment

Innovaccer Launches Connected Digital Health Solution for Biopharma & Medtech

What You Should Know: - Today Innovaccer, the Health Cloud company, announced its Connected Digital Health solution, a new way for life sciences companies to rapidly deliver next-generation digital apps that surround therapeutics and devices with highly engaging patient experiences, improve clinical outcomes, and generate valuable real-world evidence (RWE). - The new solution will allow life sciences companies to realize the promise of digital health with holistic, “around-the-brand”
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Teladoc Health Expands Whole-Person Primary Care Offering

by Fred Pennic 07/06/2022 Leave a Comment

Teladoc Health Launches Chronic Condition Management Solution

What You Should Know: - Today, Teladoc Health announced the expanded capabilities available to Primary360 users to remove barriers to access and offer comprehensive primary care that meets people where they are. - Primary360 members will now receive health plan in-network referrals and care coordination support; free, same-day medication delivery from Capsule, the leading national digital pharmacy; and in-home, on-demand phlebotomy with Scarlet Health. Reducing Barriers to
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Regard Raises $15.3M for AI Co-Pilot to Diagnose Medical Conditions

by Fred Pennic 06/30/2022 Leave a Comment

Regard Raises $15.3M for AI Co-Pilot to Diagnose Medical Conditions

What You Should Know: - Regard (formerly known as HealthTensor), a L.A.-based software company developing an artificial intelligence (AI) co-pilot for physicians to help diagnose medical conditions, announced its $15.3 million in Series A funding led by Calibrate Ventures and Foundry Group, with participation from additional investors. - The funding will be used to help grow the Regard team to support more clients, reduce integration time and expedite reach to new physicians and hospitals,
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How Can Biopharma Companies Sustain Growth & Innovation?

by Fred Pennic 06/30/2022 Leave a Comment

How Can Biopharma Companies Sustain Growth & Innovation

What You Should Know: - The traditional approach to fostering biopharma growth is no longer sustainable, according to Accenture research and analysis. The new research reveals perspectives on the life sciences industry based on an extensive analysis of over 300 M&A deals made by the top 30 biopharma companies between 2010–2021. - The analysis reveals multiple factors are eroding the sustainability of an inorganic growth strategy, such as rising costs of M&A,
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