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Fred Pennic, Editor-in Chief | HIT Consultant

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

AccessOne Acquires CueSquared to Address Patient Financial Experience

by Fred Pennic 12/21/2021 Leave a Comment

AccessOne Acquires CueSquared to Address Patient Financial Experience

What You Should Know: - AccessOne acquires one-touch mobile payment platform CueSquared. The acquisition adds mobile billing and payment product to existing patient financing offerings, extending AccessOne solution portfolio to address the overall patient financial experience. AccessOne, a leading provider of inclusive Care Now, Pay Later patient financing solutions that help all consumers manage their healthcare costs, today announced that it has acquired CueSquared, a
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Zing Health Secures $25M to Accelerate SDOH-Driven Medicare Advantage Plans

by Fred Pennic 12/20/2021 Leave a Comment

Health2047 Spins Out Zing Health to Offer SDOH-Driven Medicare Advantage Plans

What You Should Know: - Medicare Advantage provider Zing Health raises $25M from Town Hall Ventures and Leavitt Equity Partners, two leading investors focused on growing innovative healthcare businesses. Zing Health Holdings, a Chicago-based physician-led Medicare Advantage insurance company focused on serving vulnerable populations underserved by traditional insurance models, today announced that Town Hall Ventures and Leavitt Equity Partners, two leading investors focused on
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Oracle Acquires Cerner for $28.3 Billion in Historic Health IT M&A Deal

by Fred Pennic 12/20/2021 Leave a Comment

Oracle Acquires Cerner for $28.3B in Blockbuster M&A Deal

What You Should Know: - Oracle Corporation and Cerner Corporation today jointly announced an agreement for Oracle to acquire health IT leader Cerner through an all-cash tender offer for $95.00 per share, or approximately $28.3 billion in equity value. The acquisition of Cerner will be a huge additional revenue growth engine for Oracle as it immediately grabs significant market share in the healthcare space. In addition, Oracle plans to expand Cerner's business into many more countries
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Oracle in Talks to Acquire Cerner for $30B

by Fred Pennic 12/17/2021 Leave a Comment

Oracle in Talks to Acquire Cerner for $30B

What You Should Know: - Oracle Corp. is currently in discussions to acquire health IT vendor Cerner in a deal that could be worth around $30 billion, Wall Street Journal first reports. - If the deal is finalized, it would be marked as the largest health IT acquisition to date and establish Oracle as a significant player in the healthcare space. - The news of the potential acquisition increased Cerner shares by 14.2% in trading Friday to $90.75.
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Pear Therapeutics Acquires 2 Depression Assets to Optimize Depression Product Candidate

by Fred Pennic 12/16/2021 Leave a Comment

Pear Therapeutics Raises $80M to Advance Prescription Digital Therapeutics

What You Should Know: - Pear Therapeutics, Inc. (Nasdaq: PEAR), announced it has acquired two new digital therapeutic assets that it intends to integrate into a potential prescription digital therapeutic (PDT) to treat patients across a continuum of depression subtypes and severities. - Additionally, Pear announced yesterday the expansion of its existing initiative with Crossroads. Through this expansion, Pear’s PDTs, reSET® and reSET-O®, have the potential to reach thousands of additional
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Report: Healthcare Augmented Intelligence Operations Market Trends

by Fred Pennic 12/16/2021 Leave a Comment

Report: Healthcare Augmented Intelligence Operations Market Trends

What You Should Know: - New Chilmark Research report on artificial intelligence (AI) for healthcare operations forecasts a market poised for explosive growth with a CAGR of 40% over the next 5 years as solutions mature and more use cases demonstrate ROI. The COVID-19 pandemic has irrevocably expedited adoption of enterprise augmented and artificial intelligence (collectively AI) solutions in healthcare to modernize operations. Burnout and staffing shortages, discharge planning, supply
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Medicare Transformation Company Ilumed Raises $16.5M to Expand DCE Services

by Fred Pennic 12/15/2021 Leave a Comment

Medicare Transformation Company Ilumed Raises $16.5M to Expand DCE Services

What You Should Know: - Ilumed, a Medicare transformation company focused on assisting patients to achieve their healthiest lives by driving lower cost, better quality and more equitable healthcare outcomes raises $16.5M in Series A funding led by Ascend Partners. - Ilumed is one of fifty-three Direct Contracting Entities approved by the Centers for Medicare & Medicaid Services as part of CMS’s Global and Professional Direct Contracting Model, which was designed to enhance care quality
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Sheba Medical Center’s ARC Innovation Center Raises Over $110M in 2021

by Fred Pennic 12/15/2021 Leave a Comment

Holy Name, Sheba Medical Center Partner to Develop Digital Health Solutions

What You Should Know: - Sheba Medical Center, Israel’s largest hospital, today announced that over $110 million was raised in 2021 by six companies from its ARC Innovation Center. All companies are based on technology invented and developed out of Sheba, with Sheba MedTech startups raising over one billion dollars over the last decade.  ARC Innovation Center
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Bayhealth Taps Syapse’s Real-World Data Platform to Optimize Oncology Data

by Fred Pennic 12/15/2021 Leave a Comment

Bayhealth Taps Syapse’s Real-World Data Platform to Optimize Oncology Data

What You Should Know: - Syapse, a real-world evidence company that informs cancer care, announced a partnership with Bayhealth – central and southern Delaware’s largest healthcare system. - Bayhealth will leverage Syapse’ multi-source real-world data platform to bring the latest in cancer diagnostics and treatments to Delaware patients, so that they can receive evidence-based care and match to potentially life-saving clinical trial opportunities. Bringing Data-Driven Approach to
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Innovaccer Raises $150M at $3.2B Valuation to Expand Health Cloud Platform

by Fred Pennic 12/15/2021 Leave a Comment

Innovaccer Raises $150M at $3.2B Valuation to Expand Health Cloud Platform

What You Should Know: - Innovaccer raises $150M Series E round at a $3.2B valuation as health systems adopt its Innovaccer Health Cloud to accelerate digital transformation. - Launches new Innovation Accelerators to help customers tackle the most common and high-impact clinical, operational, and financial use cases. Innovaccer Inc. a Silicon Valley-based healthcare data platform company, announced a $150 million Series E round at a $3.2 billion valuation led by Mubadala Capital, with
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