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Fred Pennic, Editor-in Chief | HIT Consultant

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

Biostage Raises $6M to Advance Clinical Trials

by Fred Pennic 04/07/2023 Leave a Comment

Biostage Raises $6M to Advance Clinical Trials

What You Should Know: Biostage, Inc., a cell-therapy biotechnology company with successful first-in-human experience in treating esophageal cancer and FDA approval to commence a clinical trial of the Biostage Esophageal Implant raises $6M from new and existing investors in a private placement of its shares of common stock.The funds will be used to accelerate the clinical development of Biostage’s lead product candidate, the Biostage Esophageal Implant, or BEI. The FDA has approved a
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HeartFlow Raises $215M for AI-Powered Cardiac Test

by Fred Pennic 04/06/2023 Leave a Comment

What You Should Know: - HeartFlow, Inc., a provider of precision heart care raises $215M in Series F funding round led by Bain Capital Life Sciences with participation from new investor Janus Henderson Investors, and existing investors including Baillie Gifford, Capricorn Investment Group, Hayfin Capital Management, HealthCor, Martis Capital, USVP and Wellington Management. - HeartFlow’s non-invasive personalized cardiac test provides unprecedented visualization of each patient’s coronary arteries, enabling physicians to create more effective treatment plans for their patients. Expansion Plans The HeartFlow product pipeline is expected to continue to propel the company’s position as a precision diagnostics leader. HeartFlow’s additional product launches will enable the company to further support physicians in their commitment to improve cardiovascular patient outcomes. The new funding will enable HeartFlow to meet the growing demand for its commercial products, support a robust body of growing clinical evidence and advance its comprehensive product portfolio to help physicians to diagnose coronary artery disease (CAD) and guide their treatment decisions.

What You Should Know: - HeartFlow, Inc., a provider of precision heart care raises $215M in Series F funding round led by Bain Capital Life Sciences with participation from new investor Janus Henderson Investors, and existing investors including Baillie Gifford, Capricorn Investment Group, Hayfin Capital Management, HealthCor, Martis Capital, USVP and Wellington Management. - HeartFlow’s non-invasive personalized cardiac test provides unprecedented visualization of each patient’s coronary
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Cognizant to Integrate TriZetto with Microsoft Cloud for Healthcare

by Strategic Partnerships 04/06/2023 Leave a Comment

Philips, Cognizant Partner to Develop Digital Health Solutions to Providers, Researchers and Patients

What You Should Know: - Cognizant expands partnership with Microsoft to give healthcare payers and providers easy access to cutting-edge technology solutions, streamlined claims management, and improved interoperability to optimize business operations and deliver better patient and member experiences. - As part of the expansion, Cognizant and Microsoft will work together to build an integration roadmap between Cognizant's TriZetto healthcare products with Microsoft Cloud for
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Exec Hires: Clinical Trials Marketplace SubjectWell Appoints New CEO

by Executive Digital Health Hires 04/06/2023 Leave a Comment

Clinical Trials Marketplace SubjectWell Appoints New CEO

What You Should Know: - SubjectWell, the largest engagement platform for matching patients with chronic health conditions to new care options, announced that clinical industry veteran Fred Martin has joined SubjectWell as CEO. - Fred will joins SubjectWell during a time of growth following the company’s Series B funding in November 2022, with the goal of accelerating technical solutions and building investor relations. Fred Martin Bio Fred brings more than 25 years of experience in
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Northwell Health Inks 7-Year Deal with Philips for Patient Monitoring

by Fred Pennic 04/04/2023 Leave a Comment

Northwell Health Inks 7-Year Deal with Philips for Enhanced Patient Monitoring

What You Should Know: - Today, Northwell Health announced the 7-year agreement with Philips, which will allow the healthcare system to standardize patient monitoring, enhance patient care and improve patient outcomes while driving interoperability and data innovation. This system will allow Northwell to make use of innovative technologies as they evolve and give them the flexibility to scale their patient monitoring seamlessly in tandem with those new systems.  - This agreement
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Siemens Partners with LeanTaaS on Hospital Operational Performance

by Strategic Parnterships 04/04/2023 Leave a Comment

Siemens Partners with LeanTaaS on Hospital Operational Performance

What You Should Know: - Siemens Healthineers and LeanTaaS have entered a strategic partnership to help health systems across the country achieve and sustain peak hospital operational performance. - The Siemens Healthineers network can now deploy system-wide tools designed to optimize capacity supported by the powerful combination of LeanTaaS’ Artificial Intelligence (AI) and Machine Learning (ML) -based predictive and prescriptive analytics solutions and the enterprise-wide management
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Med Device AVS Raises Additional $8.8M for $28.8M Series B

by Fred Pennic 04/04/2023 Leave a Comment

Med Device AVS Raises Additional $8.8M for $28.8M Series B

What You Should Know: - AVS, an early-stage medical device company focused on safely and effectively treating severely calcified arterial disease with its PIVL™ therapy, announced today that it closed an additional $8.8 million in new financing, bringing its Series B round to $28.8 million total. - The funding will continue to support clinical trials for the company’s device for pulsatile intravascular lithotripsy (PIVL) in peripheral cases, while advancing preclinical work for an expanded
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AI-Enabled Butterfly Network Lung Tool Receives FDA Clearance

by Fred Pennic 04/03/2023 Leave a Comment

AI-Enabled Butterfly Network Lung Tool Receives FDA Clearance

What You Should Know: - Today, Butterfly Network announced it received 510(k) clearance from the FDA for a groundbreaking AI-enabled tool named AI-enabled Auto B-line Counter that will help physicians assess adults’ lungs and accelerate providers’ abilities to make informed treatment decisions. Butterfly used data inputs from hundreds of sites across the country to train and develop its AI algorithms, offering potential for a broad and diverse range of age, gender, body mass index, ethnicity,
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Exec Hires: CitiusTech Appoints Rajan Kohli as CEO

by Digital Health Executive Hires 04/03/2023 Leave a Comment

Exec Hires: CitiusTech Appoints Rajan Kohli as CEO

What You Should Know: CitiusTech Healthcare Technology Pvt. Ltd., announced that its Board of Directors has appointed Rajan Kohli, an experienced technology executive as Chief Executive Officer.Mr. Kohli joins CitiusTech from Wipro, a global leader in technology services and solutions, where he spent nearly three decades and was responsible for $6 billion in annual revenues. 
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Medical Coding Market to Reach $15.3B by 2033, Report Finds

by Fred Pennic 04/03/2023 Leave a Comment

Medical Coding Market to Reach $15.3B by 2033, Report Finds

What You Should Know: - The medical coding market is estimated to secure a valuation of $ 6.7B in 2023 and is estimated to rise to $15.3B by 2033 at a CAGR of 8.6% during the 2023 to 2033 forecast period, according to a new Future Market Insights report. - The increasing availability of a large number of medical coding service providers and the rising adoption rate of advanced healthcare solutions like electronic health records (EHRs), revenue cycle management (RCM) software, and mobile
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