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Fred Pennic, Editor-in Chief | HIT Consultant

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

Solv CEO Diversifies Cap Table, Adds 75 Female Investors as Part of $45M Series C

by Fred Pennic 05/27/2022 Leave a Comment

Solv Secures Participation from 75 Female Investors as Part of Larger $45M Series C

What You Should Know: - Today,  Heather Fernandez, CEO and co-founder of healthcare on-demand app Solv Health shared her diversity plans for bringing on more women and first-time investors to the Cap Table as part of the company’s $45M Series C round. As a Filipino-Iranian woman, Heather knows “people like me” don’t get funded - or hired or invited to the table. Women are also more likely to be healthcare decision-makers for their families.  - Heather created a Special Purpose
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Phenomix Sciences Launches Obesity Biobanking Registry Studying Personalized Treatment Options Based on Genetics

by Fred Pennic 05/27/2022 Leave a Comment

Phenomix Sciences Launches Obesity Biobanking Registry Studying Personalized Treatment Options Based on Genetics

What You Should Know: - Biotech company Phenomix Sciences launches its biobanking registry, marking the first obesity registry to study the impact of personalized treatment based on phenotyping. The impact of this biobanking registry and the data it will yield has the potential to change the entire system’s approach to obesity, from a treatment recommendation to the way payers determine coverage and how the industry combines diagnostics testing with drug therapy. - The
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Komodo Health Appoints COO, Transcarent, Vytalize Health, RxBenefits, Other Digital Health Appointments

by Digital Health Executive Appointments 05/27/2022 Leave a Comment

Komodo Health Appoints COO, Transcarent, Vytalize Health, RxBenefits, Other Digital Health Appointments

Komodo Health has named Dr. Aswin Chandrakantan as its Chief Operating Officer. Dr. Chandrakantan will also continue to serve as the firm’s Chief Medical Officer, a role he has held since 2016. Dr. Chandrakantan was one of Komodo Health’s earliest employees – following leadership roles at McKinsey and Google – and has played a central role in the company’s rapid-fire growth. RxBenefits appoints Wendy Barnes as its new Chief Executive Officer. Barnes succeeds Bryan Statham, who served as the
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CVS Health Launches New Virtual Primary Care Platform

by Fred Pennic 05/26/2022 Leave a Comment

CVS Health Launches New Virtual Primary Care Platform

What You Should Know: - CVS Health launches of its new Virtual Primary Care solution on a single digital platform for a more coordinated and consumer-centric health care experience. - The new offering, which is being sold to Aetna fully-insured, self-insured plan sponsors, and CVS Caremark clients now, will become effective for eligible Aetna members starting January 1, 2023, and for eligible CVS Caremark members during the second quarter of 2023. It
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Health and Social Care Northern Ireland Taps Tegria for National Digital Transformation

by Strategic Partnerships 05/26/2022 Leave a Comment

Tegria, Cedar Partner to Humanize the Patient Financial Experience

What You Should Know:  - Health and Social Care Northern Ireland (HSCNI) has enlisted the support of global healthcare technology specialist, Tegria, and digital health consultancy, Cloud21, in a deal to support its national digital transformation program.  - The organizations will help to deliver Northern Ireland’s Encompass program – a decade-long initiative that aims to deliver improvements to outcomes for patients by making it easier for health and care
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Genetics Startup Pleno Launches Out of Stealth with $15M

by Fred Pennic 05/25/2022 Leave a Comment

Genetics Startup Pleno Launches Out of Stealth with $15M

What You Should Know: - Pleno, a multi-omics startup, is emerging out of stealth with a $15M Pre-Series A financing and Greg Lucier as Chairman of the Board of Directors. Founded by Pieter van Rooyen, a well-known biotech engineer who built and sold his last company, Edico Genome, to Illumina for $100M. Edico's Dragen technology has become a staple in genetics research.  - Pleno's Hypercoding technology has the potential to revolutionize biological target detection for
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AWS, Deloitte Power Virtual Rapid Health Assistance Solution

by Fred Pennic 05/25/2022 Leave a Comment

AWS, Deloitte Power Virtual Rapid Health Assistance Solution

What You Should Know: - This week at AWS Summit, Washington D.C., Deloitte discussed its use of AWS Private 5G and Wickr secure technology to enable the National Emergency Tele-Critical Care Network (NETCCN) – a virtual rapid health assistance solution that allows defense teams to connect with medical teams remotely. NETCCN is managed by the US Army’s Telemedicine & Advanced Technology Research Center (TATRC), which is an integral part of the U.S. Army
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Geisinger Selects AWS as Strategic Cloud Provider to Migrate Over 400 Apps to AWS

by Fred Pennic 05/24/2022 Leave a Comment

Geisinger Expands Telehealth Services to Assess, Monitor and Triage COVID Patients At-Home

What You Should Know: - Geisinger has chosen Amazon Web Services (AWS) as its strategic cloud provider and will transition its entire digital portfolio of more than 400 applications and numerous workflows to AWS. - The project will be one of the largest electronic health record (EHR) cloud migrations to AWS to date, expected to enable life-saving technologies and save Geisinger several million annually. Geisinger's Cloud Migration to AWS The decision comes after a detailed multi-year
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KAID Health Raises $4.25M for AI-Powered Provider/Payer Whole Chart Analysis Platform

by Fred Pennic 05/24/2022 Leave a Comment

KAID Health Raises $4.25M for AI-Powered Provider/Payer Whole Chart Analysis Platform

What You Should Know:  KAID Health,makers of anartificial intelligence-enabled clinical analysis and provider engagement platform,today announced its $4.25M in Series A funding bringing their total capital raised to $6.45M. - The funding will fuel growth of the provider/payer platform that integrates with the electronic medical records (EMR) to identify high-value tactical care and coding interventions. The company will also expand its Boston, MA office and will hire new team
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Homethrive Raises $20M for Next-Gen Caregiving Platform

by Fred Pennic 05/23/2022 Leave a Comment

Homethrive Raises $20M for Next-Gen Caregiving Platform

What You Should Know: - Homethrive, a tech-enabled healthcare service company that’s disrupting and revolutionizing how employers, insurers, and affinity groups support unpaid family caregivers and their loved ones raises an additional $20M in Series B funding led by Human Capital. The round also included participation from Allianz and existing investors 7wireVentures and Pitango HealthTech. - The funding round fuel Homethrive’s aggressive expansion with self-insured employers and
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