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Fred Pennic, Editor-in Chief | HIT Consultant

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

OpenLoop Raises $8M to Expand Full Stack, White Label Telehealth Services

by Fred Pennic 03/15/2022 Leave a Comment

OpenLoop Raises $3M to Expand Digital Health Marketplace for Clinicians

What You Should Know: OpenLoop, a health tech startup delivering full-stack clinical support to companies launching and scaling virtual care services across the nation raises a Series A funding round of $8M led by SpringTide Ventures.  - OpenLoop, known for the quality, flexibility and breadth of services they offer to clients who are often early in their telehealth delivery journeys, will use this fresh capital to continue to expand their technology-enabled infrastructure. They will be
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Healthcare Payments Platform Enter Raises $5.7M to Build Stripe for Healthcare

by Venture Capital Funding 03/15/2022 Leave a Comment

Healthcare Payments Platform Enter Raises $5.7M to Build Stripe for Healthcare

What You Should Know: - Healthcare payments platform Enter, which is on a mission to simplify that process on both sides of the transaction, has just come out of stealth mode after raising a $5.7M seed round led by Menlo Ventures with participation from Quiet Capital, Savantus Ventures, 500, and SpringRock Ventures along with angels including Matt Roszak and Mato Peric. - The company’s founders Jordan Kelley and John Russell have previously launched groundbreaking financial technologies,
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OptimizeRx Acquires EvinceMed, a Specialty Drug Prescription Initiation Platform

by Fred Pennic 03/15/2022 Leave a Comment

OptimizeRx Acquires EvinceMed, a Specialty Drug Prescription Initiation Platform

What You Should Know: - OptimizeRx, a provider of point-of-care technology solutions helping patients start and stay on therapy announced a definitive agreement to acquire the EvinceMed platform and related assets. Financial details were not disclosed. - EvinceMed is a provider in delivering end-to-end automation for specialty pharmaceutical transactions. The acquisition includes the full Market Access Management Platform supporting pharma manufacturers, hub providers and pharmacies to
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Philips Capsule Surveillance Receives 510(k) Clearance

by FDA Clearances 03/15/2022 Leave a Comment

Philips Capsule Surveillance receives 510(k) clearance

What You Should Know: - Philips Capsule Surveillance solution has received 510(k) market clearance from the U.S. Food & Drug Administration (FDA), paving the way for widespread deployment across healthcare systems in the USA. - Capable of utilizing streaming data from virtually any connected medical device, the solution aggregates patient data, analyses it to generate actionable insights and alerts, and sends timely notifications to the patient’s caregivers so that they can
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House Rx Secures $30M to Optimize the Specialty Pharmacy Experience for Patients and Their Care Teams

by Fred Pennic 03/14/2022 Leave a Comment

House Rx Secures $30M to Optimize the Specialty Pharmacy Experience for Patients and Their Care Teams

What You Should Know: - Today House Rx, a health technology platform that empowers oncology and rheumatology physician practices with medically integrated dispensing, announced they’ve secured $30 million in financing. - Founded by two former Flatiron Health executives, Ogi Kavazovic and Tesh Khullar the company has partnered with four medical practices and 30 prescribers since March 2021. House Rx, a health technology platform focused on improving
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Rural Health Startup Homeward Emerges with $20M to Support Rural Communities

by Fred Pennic 03/10/2022 Leave a Comment

Rural Health Startup Homeward Emerges with $20M to Support Rural Communities

What You Should Know - Homeward, a new company focused on improving access to high-quality, affordable primary and specialty care in rural communities launches with an initial $20M investment. - The organization is rearchitecting care for rural Americans who have a 23% higher mortality rate than those in urban communities. Homeward – a San Francisco, CA-based mobile, in-person, and telehealth hybrid care model (with specialty and primary care providers) for people
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Gates Foundation Donates $5M for 1,000 Butterfly Ultrasounds to Sub-Saharan Africa

by Fred Pennic 03/09/2022 Leave a Comment

Butterfly iQ Expands Whole-Body Ultrasound System to Android Devices

What You Should Know: - Butterfly Network, Inc. (NYSE: BFLY), a digital health company transforming care with handheld, whole-body ultrasound, today announced it received a grant in the amount of $5 million from the Bill & Melinda Gates Foundation to improve maternal and fetal health. - Through this grant Butterfly will provide 1,000 healthcare workers in Sub-Saharan Africa with Butterfly iQ+, the world’s only handheld Advance Maternal and Fetal Health Butterfly Network will
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MediView XR Secures $9.9M for Augmented Reality Surgical Navigation Platform

by Fred Pennic 03/09/2022 Leave a Comment

MediView XR Secures $9.9M for Augmented Reality Surgical Navigation Platform

What You Should Know: - MediView XR, Inc., raises $9.9M in SAFE financing syndicated by Inside View Investments, LLC, a private investment firm.  MediView has raised approximately $14.4MM in total funding to date. - Investment will support key technology development, commercialization and regulatory submissions. MediView XR Inc., a Cleveland-based medtech company that leverages augmented reality, remote connectivity and spatial computing data to create revolutionary surgical
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Tift Medical Integrates Sepsis Monitoring with Cerner EHR to Improve Early Detection

by Fred Pennic 03/08/2022 Leave a Comment

Tift Medical Integrates Sepsis Monitoring with Cerner EHR to Improve Early Detection

What You Should Know: - Clinicians now access Wolters Kluwer’s real-time sepsis monitoring alerts within Cerner EHR at Tift Regional Medical Center. - POC Advisor’s highly accurate alerts and guidance are automatically delivered to the point of care to improve sepsis patient outcomes. Wolters Kluwer, Health today announced that Tift Regional Medical Center, the flagship hospital of Southwell, a Georgia not-for-profit health system, has integrated POC Advisor, its sophisticated sepsis
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BrightInsight & UCB Partner to Build Digital Care Solutions for Rare Diseases

by Fred Pennic 03/08/2022 Leave a Comment

BrightInsight & UCB Partner to Build Digital Care Solutions for Rare Diseases

What You Should Know: - BrightInsight, provider of the leading global platform for biopharma and medtech regulated digital health solutions, announced a partnership with global biopharma, UC to build digital care solutions for rare diseases. - BrightInsight will build and bring to market a digital disease management solution to support patients with Myasthenia Gravis (MG), a rare autoimmune disease that disrupts how nerves communicate with muscles, affecting more than 700,000 people
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