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Fred Pennic, Editor-in Chief | HIT Consultant

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

EngagedMD Raises $11MM for Modern Fertility Treatment

by Fred Pennic 10/18/2022 Leave a Comment

EngagedMD Raises $11MM for Modern Fertility Treatment

What You Should Know: - EngagedMD, Inc., a global technology company serving both clinics and patients in the fertility space raises $11M led by MonCap. - As part of the investment, EngagedMD welcomes Jonathan Sockol, Managing Partner of MonCap, to the Company's Board. Modern Fertility Treatment EngagedMD offers the leading eLearn and eSign solutions for the fast-growing fertility sector, supporting the journeys of more than half of all fertility patients in the
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Walmart Now Offering Over-The-Counter Hearing Aids

by Fred Pennic 10/17/2022 Leave a Comment

Walmart Now Offering Over-The-Counter Hearing Aids

What You Should Know: - Today, Walmart announced it will begin offering over-the counter (OTC) hearing aids* at Walmart.com and Walmart Vision Centers in CO, MI, MO, OH, PA, TN and TX, and will soon be available at additional Walmart Vision Centers nationwide.  - Walmart’s new offerings include an assortment of top brands like Lexie powered by Bose and HearX that will offer cutting-edge technology like
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RLDatix to Acquire Porzio Life Sciences

by Fred Pennic 10/17/2022 Leave a Comment

RLDatix to Acquire Porzio Life Sciences

What You Should Know: - RLDatix, the leading global provider of healthcare operations software and services that drive safer care has entered into a definitive agreement to acquire Porzio Life Sciences, a market leader in compliance solutions for the life sciences industry which had been a wholly-owned subsidiary of the law firm of Porzio, Bromberg & Newman since 2004. - Porzio Life Sciences simplifies compliance by combining its regulatory expertise with product innovation to
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Gradient AI Acquires Healthcare Analytics Business Unit from Prognos Health 

by Fred Pennic 10/14/2022 Leave a Comment

Gradient AI Acquires Healthcare Analytics Business Unit from Prognos Health

What You Should Know: - Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, recently announced that it has acquired Prognos Health’s analytics business underwriting unit to leverage data from the company’s large collection of integrated medical records and lab data via its real-world data marketplace. - The acquisition will enable Gradient AI to expand its medical database capabilities by integrating Prognos Health’s data
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First-Ever Medicare Advantage Plan for LGBTQ+ Older Adults Launches

by Fred Pennic 10/13/2022 Leave a Comment

HLTH21: Grand Rounds Health, Doctor On Demand Rebrand as Included Health

What You Should Know: - SCAN Health Plan, a Medicare Advantage insurer known for its expertise in keeping older adults healthy and independent is launching SCAN Affirm partnered with Included LGBTQ+ Health (HMO), a first-of-its-kind Medicare Advantage plan developed exclusively for LGBTQ+ older adults, in collaboration with Included Health, the only integrated virtual care and navigation platform. - SCAN Health Plan will offer the SCAN Affirm plan to members in
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Samsung, HealthTap Partner to Develop Telehealth Capabilities for Smart TVs

by Fred Pennic 10/13/2022 Leave a Comment

Samsung, HealthTap Partner to Develop Telehealth Capabilities for Smart TVs

What You Should Know: - HealthTap announced a partnership with Samsung to develop new virtual primary care capabilities which would be made available directly to consumers via Samsung Smart TVs. - HealthTap demonstrates at the 2022 Samsung Developer Conference the ability for owners of future Samsung Smart TVs to easily access their doctor from the comfort of their own home with HealthTap’s high-quality, affordable telehealth services. Virtual Primary Care Capabilities for Future
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Pleno Secures $40M to Disrupt Sequencing Market, Scale Multi-omics

by Fred Pennic 10/12/2022 Leave a Comment

Genetics Startup Pleno Launches Out of Stealth with $15M

What You Should Know: - Pleno, Inc, a multi-omic instrument platform company revolutionizing biological target detection for clinical testing and biomedical research raises $40M in Series A funding led by Deerfield Management and Foresite Capital.  - The funding will accelerate the development of Pleno’s Hypercoding™ instrument platform, called RAPTOR ™, which is slated for early customer access in 2023 and full availability in 2024. Release below
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Brave Health Raises $40M for Medicaid Virtual Health Platform

by Fred Pennic 10/11/2022 Leave a Comment

Brave Health Raises $10M for Virtual Behavioral Health for Medicaid

What You Should Know: - Brave Health, a virtual mental health provider and engagement platform focused on serving Medicaid populations raises $40M in Series C funding round led by Town Hall Ventures, with existing investors Union Square Ventures, City Light Capital and others joining as well. The company has raised a total of $60M to date, and this most recent funding will support their continued expansion into value-based care arrangements and into new and existing markets.  - Brave
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Fitbit Enters Substance Abuse Recovery with Pretaa Partnership

by Fred Pennic 10/11/2022 Leave a Comment

Fitbit Enters Substance Abuse Recovery with Pretaa Partnership

What You Should Know: - Fitbit announced that they are partnering with behavioral analytics company Pretaa to improve outcomes for the millions of Americans affected by substance abuse. Pretaa analyzes information from wearable devices worn by those recovering from substance abuse and (with patient consent) notifies their care providers, friends and family members when they might need additional support. - Research indicates that the onset of the pandemic was associated with an
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Knowtion Health Acquires Rev Cycle A/R Platform Amplus

by Fred Pennic 10/07/2022 Leave a Comment

Knowtion Health Acquires Rev Cycle A/R Platform Amplus

What You Should Know: - Knowtion Health, formerly RSource Healthcare announced today it has acquired Amplus Group, a healthcare revenue cycle A/R resolution and technology service. Financial terms of the deal were not disclosed. - For the past five years Amplus has utilized the latest in machine learning and automation to support accounts receivable (A/R) for health system revenue cycles. - The acquisition will accelerate Knowtion's plan to expand low balance recovery technologies
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