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Fred Pennic, Editor-in Chief | HIT Consultant

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

AWS Distributes $14M to 90 Organizations Through Health Equity Initiative

by Fred Pennic 09/23/2022 Leave a Comment

AWS Distributes $14M to 90 Organizations Through Health Equity Initiative

What You Should Know: - Amazon Web Services (AWS) announced that it has awarded $14 million in cloud services and technical expertise to help nearly 90 organizations around the world, ranging from startups and nonprofits to large enterprises, to address health equity challenges through the Health Equity Initiative. - AWS also introduced a new pillar of the program today to improve global equity in access to diagnostics. As non-communicable medical conditions account for 70 percent of
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Bicycle Health Nabs $5M to Scale Its Virtual Opioid Use  Disorder Treatment

by Fred Pennic 09/22/2022 Leave a Comment

Bicycle Health Secures $50M for Virtual Opioid Use Disorder Treatment

What You Should Know: - Bicycle Health, a Boston, MA-based provider of virtual opioid addiction treatment secures $5M from Cobalt Ventures to further accelerate the expansion of its telehealth opioid use disorder (OUD) treatment. - The additional capital extends Bicycle Health’s Series B venture capital financing, bringing the company’s total funding to date to $83M. Evidence-based, online suboxone treatment for opioid addiction Founded in 2017, Bicycle
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Surge Raises $2.6M for Blood Test to Predict Post-Surgery Complications

by Fred Pennic 09/22/2022 Leave a Comment

Surge Raises $2.6M for Blood Test to Predict Post-Surgery Complications

What You Should Know: - Biotech and medical AI innovator Surge announced a $2.6M round co-led by HCVC, a global early-stage fund dedicated to high-potential technology startups, and Boutique Venture Partners, a leading fund based in the Silicon Valley . Veteran angel investors, including Nicolas Godin, the COO/CFO of Cardiologs, also participated in the round. - Based on an exclusive license to Stanford's patented postoperative complication prediction technology, Surge's flagship product
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XpertDox Secures $1.5M to Automate Medical Coding Process

by Fred Pennic 09/22/2022 Leave a Comment

XpertDox Secures $1.5M to Automate Medical Coding Process

What You Should Know: - Today, XpertDox, LLC., a Birmingham, AL-based revenue cycle company specializing in autonomous medical coding powered by artificial intelligence raises $1.5M from  TN3, LLC, an Arizona based Private Equity Capital firm. - XpertDox's XpertCoding solution harnesses the power of artificial intelligence in order to autonomously code medical claims faster, more accurately, and cheaper than traditional manual processes. XpertDox is utilizing the funding to
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Backed by $5M Grant, Butterfly Network Deploys 500 Devices to Healthcare Workers in Kenya

by Fred Pennic 09/22/2022 Leave a Comment

Backed by $5M Grant, Butterfly Network Deploys 500 Devices to Healthcare Workers in Kenya

What You Should Know: - Butterfly Network announce the deployment of 500 Butterfly iQ+ devices, the world’s only handheld, whole-body ultrasound probe, to healthcare practitioners in Kenya to advance maternal and fetal health. - This deployment is part of a $5 million grant from the Bill & Melinda Gates Foundation to expand access to medical imaging across Sub-Saharan Africa. Why It Matters According to the World Health Organization Regional Office for Africa1, about 830 women
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UnitedHealthcare and Peloton Expand Relationship to Reach 10 Million Members

by Fred Pennic 09/21/2022 Leave a Comment

UnitedHealthcare and Peloton Expand Relationship to Reach 10 Million Members

What You Should Know: - UnitedHealthcare and Peloton have renewed and expanded their relationship to help more people get or stay active and improve their overall well-being. - Since originally launching the offer in 2021, UnitedHealthcare members are collectively completing over 1 million Peloton classes per month; among enrollees who have taken at least one class during a given month, members are taking an average of over three classes each week. Provide Millions of More People With
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OurCrowd Launches $200M Global Health Equity Fund

by Fred Pennic 09/20/2022 Leave a Comment

OurCrowd Launches $200M Global Health Equity Fund

OurCrowd Launches $200M Global Health Equity Fund What You Should Know: - Global venture firm OurCrowd launches the $200M Global Health Equity Fund (GHEF) in collaboration with the WHO Foundation. - The fund team will be led by OurCrowd CEO, Jon Medved, and OurCrowd Managing Partner, Dr. Morris Laster, with the support of the WHO Foundation’s Chief Impact Investment Officer, Geetha Tharmaratnam. It will be managed by an OurCrowd team of clinical experts with decades of experience in
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Scratch Financial Raises $35M for Patient Financing Solution

by Fred Pennic 09/20/2022 Leave a Comment

Scratch Financial Raises $35M for Patient Financing Solution

What You Should Know: - Today Scratch Financial, an LA-based financial technology company connecting patients andmedical practices in the care now, pay later economy announced it has raised $35M in Series C funding led by Norwest Venture Partners. - Scratch, a business-to-business buy-now-pay-later (BNPL) fintech company helps patients focus on what’s most important - caring now - for themselves or for their pet - and paying later in a way that better meets their needs. Simplest
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Zócalo Health Raises $5M to Launch Primary Care Services for Latinos

by Fred Pennic 09/19/2022 Leave a Comment

Zócalo Health Raises $5M to Launch Primary Care Services for Latinos

What You Should Know: Zócalo Health, a Latino-founded healthcare service designed for Latino patients, announced that it’s closed on $5M in seed funding to support its launch of virtual primary care services in California, Texas, and Washington this year. The seed funding was co-led by Animo Ventures, Virtue, and Vamos Ventures. The round includes other notable investors including Necessary Ventures, Able Partners, and angel investors Toyin Ajayi, Freada Kapor Klein, Nikhil
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Epic Launches Life Sciences Program with Clinical Trial Matchmaking

by Fred Pennic 09/16/2022 Leave a Comment

Epic Systems

What You Should Know: - Epic launches Life Sciences program, expanding its work to bring together the disconnected parts of healthcare. - The Epic Life Sciences program is built to help providers, pharmaceutical companies, and medical device manufacturers recruit research participants, expand clinical trial access to underrepresented communities, and speed up the development of new therapies. Unifying Clinical Research with Care Delivery Providers across the world use Epic to
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