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Fred Pennic, Editor-in Chief | HIT Consultant

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

BehaVR & Oxford VR Merge, Raises $13M for VR Delivery Platform

by Fred Pennic 12/13/2022 Leave a Comment

BehaVR & Oxford VR Merge, Raises $13M for VR Delivery Platform

What You Should Know: - Virtual reality mental and behavioral health companies BehaVR and OxfordVR today announced their merger, supported by an initial $13M in Series B funding led by Optum Ventures and Oxford Science Enterprises, with participation from Confluent Health, Accenture Ventures, Chrysalis Ventures and Thornton Capital. - Uniting under the BehaVR brand, digital therapeutic companies BehaVR and OxfordVR will deliver comprehensive virtual reality-based treatments for mental and
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Brightside Health Launches Telehealth Program to Combat Suicide Epidemic

by Fred Pennic 12/12/2022 Leave a Comment

Brightside Health Launches Telehealth Program to Combat Suicide Epidemic

What You Should Know: - Brightside Health today announced Crisis Care, a telehealth program treating individuals with elevated suicide risk. With the addition of Crisis Care, the company will expand its services to individuals experiencing acute suicidal thoughts and behaviors. - While telehealth has improved access to mental healthcare, the majority of virtual mental health services only treat patients with low-to-moderately severe conditions. This
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Serena Williams-Backed Juno Medical Raises $12M to Expand Tech-Enabled Healthcare Clinics

by Fred Pennic 12/09/2022 Leave a Comment

Serena Williams-Backed Juno Medical Raises $12M to Expand Tech-Enabled Healthcare Clinics

What You Should Know: -  Juno Medical, the modern doctor's office that's designed for the 99% raises $12M in Series A funding co-led by Julian Eison, Managing Partner at NEXT VENTURES, and Serena Williams, Managing Partner at Serena Ventures. Other notable participants include Vast Ventures, which led Juno’s seed round, Empire State Development’s New York Ventures, TXV Partners, Genius Guild, Gaingels, and previous investors Atento Capital and Humbition. - Juno’s products and services are
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VA Provides Veterans with Immersive, VR Treatment for Chronic Lower Back Pain

by Fred Pennic 12/09/2022 Leave a Comment

VA Provides Veterans with Immersive, VR Treatment for Chronic Lower Back Pain

What You Should Know: - AppliedVR, an immersive therapeutics (ITx) pioneer advancing a novel, virtual reality-based approach to medicine, today announced a contract with the U.S. Department of Veterans Affairs (VA) to provide its FDA-authorized RelieVRx (formerly EaseVRx) solution to select Veterans impacted by chronic lower back pain (CLBP). - AppliedVR was awarded the contract with the VHA Innovation Ecosystem, a division of the VA that discovers, evaluates, and
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Sonde Health Secures $19.25M for Voice-Based Health Monitoring

by Fred Pennic 12/08/2022 Leave a Comment

Sonde Health Secures $19.25M for AI Vocal Biomarker Platform

What You Should Know: - Sonde Health, a Boston, MA-based health technology company committed to bringing accessible health monitoring to everyone raises $19.25 million in a Series B investment round led by Partners Investment, with participation from NEOM Company, KT Corporation, and existing investors, including co-founder PureTech Health and M Ventures. - The AI vocal biomarker company will use the funding to accelerate its commercial growth, expand its platform into new health
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Vevo Launches with $12M to Scale Vivo Data Generation to Discover Better Drugs

by Fred Pennic 12/08/2022 Leave a Comment

Vevo Launches with $12M to Scale Vivo Data Generation to Discover Better Drugs

What You Should Know: - Vevo Therapeutics, an SF-based biotechnology company, launched today with a $12M seed round led by General Catalyst and Wing Venture Capital using its Mosaic in vivo drug discovery platform and next-generation AI models to uncover better drugs for more patients. - Vevo is the first platform to make in vivo data generation scalable with single-cell precision + will create the world’s largest atlas of how drugs interact with patient cells. In a single in vivo
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CrowdHealth Secures $6M for Community-Powered Alternative to Health Insurance

by Fred Pennic 12/08/2022 Leave a Comment

CrowdHealth Secures $6M for Community-Powered Alternative to Health Insurance

What You Should Know: - CrowdHealth recently secured $6 million in Series A funding from Next Coast Ventures and Activate Venture Partners. CrowdHealth plans to reinvest that funding back into the company—growing the CrowdHealth community and providing more tools for members that want to take charge of their healthcare and affordably break free from health insurance.  - Operating under a monthly membership model, CrowdHealth is a healthcare technology company that offers a new way to
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Aetion, FDA to Evaluate Real-World Data Standardization for COVID-19

by Fred Pennic 12/07/2022 Leave a Comment

Aetion, FDA to Evaluate Real-World Data Standardization for COVID-19

What You Should Know: - Aetion, a provider of real-world evidence (RWE) technology and analytics, today announced that the FDA has extended Aetion’s contract to evaluate real-world data (RWD) involving COVID-19 medical countermeasures. - Aetion will be expanding its work to evaluate data standardization in the context of COVID-19. Aetion has been collaborating with FDA since May 2020, providing validated software platform capabilities and RWD/E expertise to contribute to rapid evidence
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Orbita Platform Increases Annual Revenue by $4M for Ohio Gastro

by Fred Pennic 12/07/2022 Leave a Comment

Orbita Platform Increases Annual Revenue by $4M for Ohio Gastro

What You Should Know: - Specialty group Ohio Gastroenterology expands its use of Orbita’s conversational AI platform after success in implementing its patient self-service features. Healthcare-specific, the secure Orbita platform leverages natural language processing to understand words and phrases people are comfortable with, rather than forcing them to use clinical terms. Conversational AI technologies help guide patients through thoughtful dialogs, which pose
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Enthea Secures $2M to Expand Psychedelic Healthcare Provider Network

by Fred Pennic 12/06/2022 Leave a Comment

Enthea Nabs $2M to Expand Psychedelic Healthcare Provider Network

What You Should Know: - Enthea, the first provider of insurance plans for psychedelic healthcare, has announced a $2M Seed Round raise led by Tabula Rasa Ventures to offer psychedelic-assisted therapy as a workplace benefit. - The funds will be used to launch Enthea’s services into 40 markets across the U.S. in 2023 as well as grow its customer base and provider network to increase access to new, evidence-based healing options that have proven to be very effective in improving symptoms for
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