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Fred Pennic, Editor-in Chief | HIT Consultant

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

Dexcom G7 Blood Glucose Monitoring Launches in 5 Global Markets

by Fred Pennic 10/05/2022 Leave a Comment

Dexcom G7 Blood Glucose Monitoring Launches in 5 Global Markets

What You Should Know: - Dexcom announced launch of Dexcom G7 continuous glucose monitoring (CGM) system in the United Kingdom, Ireland, Germany, Austria and Hong Kong, with launches in New Zealand and South Africa in the coming weeks – initiating the global rollout of the world’s most powerful CGM system.   - Dexcom G7 offers a powerful yet simple way to help users gain greater control of their diabetes, so they can manage the disease more confidently each day. Its
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SEQSTER and PatientsLikeMe Launch National Rare Disease Study

by Fred Pennic 10/05/2022 Leave a Comment

SEQSTER and PatientsLikeMe Launch National Rare Disease Study

What You Should Know: - PatientsLikeMe and SEQSTER announced a collaboration to launch one of the first rare-disease studies focused on Alpha-1 Antitrypsin Deficiency (AATD) - a rare genetic condition occurring in approximately 1/3500 people. - AATD is a rare genetic condition occurring in approximately 1/3500 people. It is characterized by low levels of the alpha-1 antitrypsin protein, leading AATD patients to be very susceptible to lung and/or
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U.S. Health Care Price Index: Telehealth Prices Down; Mental Health Up

by Fred Pennic 10/05/2022 Leave a Comment

U.S. Health Care Price Index: Telehealth Prices Down; Mental Health Up

What You Should Know: - The latest U.S. Health Care Price Index (USHPI), the first national resource to publicly document the price of cash-pay medical care in America, reveals that national average prices for everyday healthcare services decreased in August and September, in the face of record inflation. - The USHPI features pricing data for routine medical services in all 50 states – from primary care and mental health to women’s health and more - with additional prices and specialties
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Grow Therapy Raises $75M to Expand Insurance Coverage for Mental Healthcare Nationwide

by Fred Pennic 09/29/2022 Leave a Comment

Grow Therapy Raises $75M to Expand Insurance Coverage for Mental Healthcare Nationwide

What You Should Know: - Behavioral health company, Grow Therapy secures $75 million in series B funding to expand insurance coverage including Medicare and Medicaid in all 50 states. - This round of funding was led by TCV, co-led by Transformation Capital, with support from existing backers SignalFire and SVB. Medicare/Medicaid Coverage Expansion Specifically, the areas that the company will focus on are: expanding commercial insurance and Medicare and Medicaid coverage (which are
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Rippl Launches with $35M to Transform Mental Health for Seniors

by Fred Pennic 09/28/2022 Leave a Comment

Rippl Launches with $35M to Transform Mental Healthcare for Seniors

What You Should Know: - Rippl, a new mental health startup focused on caring for seniors with dementia and other neurocognitive conditions, launched today with $32M in seed round funding led by ARCH Venture Partners and General Catalyst. The round also includes investment from GV, F-Prime Capital, and Mass General Brigham Ventures. - Rippl will use its seed funding to hire and train a team of clinicians, build technology, and open a Washington state-based clinical support center to launch
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Fitbit & Google Cloud Launches Device Connect for Fitbit

by Fred Pennic 09/27/2022 Leave a Comment

Fitbit & Google Cloud Launches Device Connect for Fitbit

What You Should Know: - Today, Fitbit Health Solutions and Google Cloud are introducing Device Connect for Fitbit, which empowers healthcare and life sciences enterprises with accelerated analytics and insights to help people live healthier lives. - Fitbit data from their consenting users is made available through the Fitbit Web API, providing users with control over what data they choose to share and ensuring secure data storage and protection. Unlocking
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Maryland Passes Legislation for HIE to Operate as State Health Data Utility

by Fred Pennic 09/27/2022 Leave a Comment

Maryland Passes Legislation for HIE to Operate as State Health Data Utility

What You Should Know: - Maryland State Legislature has passed inaugural legislation, mandating the state-designated health information exchange (HIE), CRISP, to operate as the state-designated health data utility (HDU) beginning Oct. 1. - Effective October 1, 2022, state law will require the state-designated HIE to provide data in real-time to individuals and organizations involved in the treatment and care coordination of patients and to public health officials to support public
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Optellum Raises $14M for AI-Enabled Lung Cancer Diagnosis

by Fred Pennic 09/27/2022 Leave a Comment

Optellum Raises $14M for AI-Enabled Lung Cancer Diagnosis

What You Should Know: - Optellum, an Oxford-based digital health company that provides a breakthrough AI platform to diagnose and treat early-stage lung cancer raises $14M in Series A funding led by Mercia, with additional investors Intuitive Ventures and Black Opal Ventures. Existing investors, including St John's College in the University of Oxford, IQ Capital, and the family office of Sir Martin & Lady Audrey Wood, also participated in this round. - The investment will enable
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Tavros Therapeutics Raises $7.5M to Develop Targeted Cancer Therapies

by Fred Pennic 09/27/2022 Leave a Comment

Tavros Therapeutics Raises $7.5M to Develop Targeted Cancer Therapies

What You Should Know: - Tavros Therapeutics, a precision oncology platform company leading the new frontier of targeted therapies exploiting tumors’ genetic vulnerabilities raises $7.5 million in Seed II financing co-led by existing investor Piedmont Capital Investments and new investor KdT Ventures, with participation from Alexandria Venture Investments. - Tavros launched in 2020 with a $3 million seed financing by Piedmont Capital Investments and a strategic collaboration with Zentalis
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AGS Health Launches AI-Powered Revenue Cycle Platform

by Fred Pennic 09/26/2022 Leave a Comment

AGS Health Launches AI-Powered Revenue Cycle Platform

What You Should Know: - AGS Health, a revenue cycle management (RCM) solutions provider and strategic growth partner to some of the largest healthcare systems in the U.S., announces the launch of the AGS AI Platform, a connected solution that blends artificial intelligence (AI) and automation with award-winning human-in-the-loop services and expert support to maximize revenue cycle performance. - The platform allows healthcare organizations to gain enhanced visibility into day-to-day
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