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Fred Pennic, Editor-in Chief | HIT Consultant

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

Robotics + Heart Valve Startup, Capstan Medical Raises $31.4M

by Fred Pennic 08/09/2023 Leave a Comment

Robotics + Heart Valve Startup, Capstan Medical Raises $31.4M

What You Should Know:  Today, Santa Cruz-based Capstan Medical, a developer of minimally invasive technology to address heart valve disease, announced $31.4M Series B investment round led by Eclipse.The Series B round included participation from  Intuitive Ventures and Puma Venture Capital, a new firm founded by Amit Hazan, a veteran Wall Street medical technology analyst, and Dr. Vipul Patel, a renowned robotic surgeon who has performed more robotic procedures than any other
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Suvida Healthcare Taps Elation EHR to Support Medicare Hispanic Seniors

by Fred Pennic 08/09/2023 Leave a Comment

Suvida Healthcare Taps Elation EHR to Support Medicare Hispanic Seniors

What You Should Know:  - Elation Health, clinical-first technology EHR platform for primary care, today forms a strategic partnership with Suvida Healthcare, an advanced primary care group delivering care to Medicare-eligible Hispanic adults. - Suvida trusts Elation’s powerful and flexible platform to support scaling multidisciplinary value-based care operations to deliver high-quality care for its patients.  Partnership Benefits  Partnering with Elation, the solution
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Sheba Medical Deploys AI Lung Cancer Diagnostics Platform

by Fred Pennic 08/08/2023 Leave a Comment

Sheba Medical Center to Create The First Fully VR-Based Hospital In The World Sheba Medical Center Declares Israel’s “City of Health”, Inks $350M Deal

What You Should Know:  - Sheba Medical Center, Israel’s largest medical center, today announced the deployment of a new accelerated, AI-powered cancer diagnostics research platform that can shorten diagnostic time from three weeks to minutes. - The platform integrates technology developed by Sheba, in addition to innovative digital health startups, to accelerate the pathology department’s diagnostic capabilities.  - The first algorithm incorporated, developed by precision oncology
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InComm Payments Acquires AI-Powered HSA Solution Zenda

by Fred Pennic 08/08/2023 Leave a Comment

InComm Payments Acquires AI-Powered HSA Solution Zenda

What You Should Know:  InComm Payments announced it has acquired Zenda, an AI-powered HSA and FSA solution.  With aligned organizational goals of “helping more people better manage their health expenses and livelihoods,” the acquisition of Zenda allows InComm to enter into the employer health benefits category while also furthering the capabilities of its InComm Healthcare business unit which includes the Dual Network Benefit Card.  AI-Powered HSA and FSA Solutions for
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Financial Pressures Named Top Barrier to Digital Health Adoption, Xealth-CHIME Survey Finds

by Fred Pennic 08/07/2023 Leave a Comment

Financial Pressures Named Top Barrier to Digital Health Adoption, Xealth-CHIME Survey Finds

What You Should Know:  Majority 90.5% of College of Healthcare Information Management Executives (CHIME) members have adopted digital health, despite nearly half (47.6%) cited financial pressures and staff resource constraints (19.1%) as top barriers to digital health adoption, according to a new survey Xealth.  Conducted online between May 15 and June 20, 2023, the Xealth survey examines the digital health experiences and attitudes of CHIME healthcare executives.  Defining
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Augmedix Reports $10.8M Revenue in Q2 2023

by Fred Pennic 08/07/2023 Leave a Comment

Augmedix Reports $10.8M Revenue in Q2 2023


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Israel’s Largest Acute Hospital Deploys AI-Based Triage in ED

by Fred Pennic 08/07/2023 Leave a Comment

Israel’s Largest Acute Hospital Deploys AI-Based Triage in ED

What You Should Know:  Ichilov Hospital, Israel’s largest acute-care facility Tel Aviv launches an AI-based triage pilot integration in its Sourasky Medical Center Emergency Department with Kahun, an evidence-based clinical reasoning tool for physicians.This integration will offer physicians and nurses at Tel Aviv’s Ichilov Hospital and is expected to reduce fatigue and burnout among the clinical team. First ER facility in Israel to Deploy an AI-Based Triage System By leveraging
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Biobeat RPM Integrates with Epic EHR to Enhance Vital Signs Data Transfer

by Fred Pennic 08/04/2023 Leave a Comment

Biobeat RPM Integrates with Epic EHR to Enhance Vital Signs Data Transfer

What You Should Know: Biobeat, a global provider of wearable remote patient monitoring (RPM) solutions for the healthcare continuum, announced its Epic EHR integration completion.The Epic EHR integration allows patient's vital signs to transfer from the Biobeat RPM devices directly to the EHR, reducing the medical staff's burden and enhancing their workflow. Epic EHR Integration Benefits Biobeat team estimates that by using their devices and system in the hospital settings they can
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TytoCare Secures $49M, Launches Asthma Care Modules

by Fred Pennic 08/03/2023 Leave a Comment

TytoCare and Overlake Partner to Expand Virtual Care Offerings

What You Should Know:  Virtual care TytoCare secures $49M in additional growth funding for their Series D round led by global software investor Insight Partners, which also led TytoCare’s previous round. Notably, the round includes new investors, including MemorialCare — a leading California health system — as well as two major pension funds, Healthcare of Ontario Pension Plan (HOOPP) and Clal. This investment brings their total funding to $205M. The virtual care company will
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Uptiv Health Launches Hybrid Infusion Care Experience with $7.5M

by Fred Pennic 08/03/2023 Leave a Comment

Uptiv Launches Hybrid Infusion Care Experience with $7.5M

What You Should Know:  Uptiv Health announced the launch of a new hybrid infusion care experience, providing a holistic approach to care that includes personalized in-person care and extends beyond the infusion center to support patients and improve outcomes via a consumer-friendly digital platform.Uptiv was built at Redesign Health by Torben Nielsen and the founding team and has raised $7.5 million in seed funding. Uptiv will use this funding to expand its services and into additional
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