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Fred Pennic, Editor-in Chief | HIT Consultant

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

Disclo Raises $5M for Health Disclosures & Accommodation Management Platform

by Fred Pennic 02/02/2023 Leave a Comment

Disclo Raises $5M for Health Disclosures & Accommodation Management Platform

What You Should Know: Today, Disclo announced a $5M seed round led by General Catalyst to help employers maintain compliance by tracking, managing, and reporting on health disclosure + accommodation requests in the workplace.  - Disclo acts as a third-party verifier, authenticating that a disability is legitimate and that the appropriate accommodation is required, eliminating some of the tension inherent in the process of asking for accommodations. Additionally, their HIPAA- and
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Wildflower Health & HTC Launch Statewide Value-Based Maternity Care Model in NJ

by Fred Pennic 02/02/2023 Leave a Comment

Wildflower Health & HTC Launch Statewide Value-Based Maternity Care Model in NJ

What You Should Know: - Today, Wildflower Health and the Healthcare Transformation Consortium (HTC), a collaborative of independent health systems in New Jersey, announced a new partnership to launch a value-based maternity care initiative. The collaborative, which is powered by Wildflower Health, aims to serve as a national blueprint for approaches to closing maternal care gaps and improving equity. - As part of this initiative, Wildflower and HTC will also be working
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Edifecs and VirtualHealth Partner to Automate Prior Authorization

by Fred Pennic 02/01/2023 Leave a Comment

Edifecs and VirtualHealth Partner to Automate Prior Authorization

What You Should Know: - Today, Edifecs and VirtualHealth, a medical management company, announced a new partnership automated prior authorization to VirtualHealth’s HELIOS® platform for healthcare payer and provider clients. - The Edifecs solution will automate and optimize the prior authorization process across HELIOS to significantly reduce the administrative burden, alleviate friction between payers and providers, and ultimately expedite patient care. Growing Need for Automated Prior
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ProKidney Taps CVS Health Clinical Trial Services for Precision Recruitment

by Fred Pennic 01/31/2023 Leave a Comment

ProKidney Taps CVS Health Clinical Trail Services for Precision Recruitment

What You Should Know: - CVS Health Clinical Trial Services and late clinical-stage cellular therapeutics company ProKidney Corp. today announced a collaboration to enroll patients with type 2 diabetes and chronic kidney disease into the proact 1 (REGEN-006) Phase 3 clinical trial of REACT®. ProKidney’s lead product candidate, REACT® (REnal Autologous Cell Therapy), is a first-of-its-kind, patented, autologous cellular therapy with the potential to not only slow and stabilize the
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Healthcare-Focused Venture Studio Launches in Phoenix

by Fred Pennic 01/30/2023 Leave a Comment

Healthcare-Focused Venture Studio Launches in Phoenix

What You Should Know: - Former Bayless Integrated Healthcare CEO, Justin Bayless announced the launch of Journey Venture Studio, a 501c3 healthcare-focused venture studio focused on serving diverse and underrepresented founders. - Aspiring entrepreneurs will go through a rigorous interview process, and once accepted and assigned a company will go through a rigorous growth program designed to jump-start the company’s success. The Journey provides hands-on support, investment, mentorship and
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Smile Digital Health Closes $30M to Expand Health Data Fabric Platform

by Fred Pennic 01/27/2023 Leave a Comment

Smile Digital Health Closes $30M to Expand Health Data Fabric Platform

What You Should Know: - Smile CDR Inc. (doing business as Smile Digital Health) ("Smile"), a FHIR® health data fabric (HDF) and exchange solutions provider raises $30M in Series B growth capital led by existing investors including UPMC Enterprises.  - Founded in 2016, Smile's HDF platform uses industry-leading HDF architecture and ONC-compliant, event-driven FHIR APIs to allow healthcare providers, payers and IT vendors to build secure,
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Tia and Cedars-Sinai Partner to Enhance Women’s Health

by Fred Pennic 01/27/2023 Leave a Comment

Tia and Cedars-Sinai Partner to Enhance Women’s Health

What You Should Know: - Tia, the modern medical home for women, announced that it is teaming up with Cedars-Sinai, one of California’s leading health systems, to expand access to primary and specialty care for women across Los Angeles. Together, the two healthcare leaders will provide and enhance high-quality physical, mental and reproductive healthcare for more than 100,000 women throughout the Los Angeles region. - The deal -- which includes opening multiple clinics throughout LA -- will
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Mighty Health Raises $7.6M for Daily Health Program for Medicare-Aged Adults

by Fred Pennic 01/26/2023 Leave a Comment

Mighty Health Raises $7.6M for Daily Health Program for Medicare-Aged Adults

What You Should Know:  Mighty Health, the first all-in-one daily health program designed for adults ages 50 and up, today announced $7.6M in new financing co-led by Will Ventures and GFT Ventures. - Mighty Health has built the modern home for healthy living for 50 on up, offering aging adults access to personalized and holistic health guidance through joint-friendly workouts, chronic condition-specific programs, custom nutrition plans, and 1-on-1 health coaching.
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HPS/PayMedix to Expand $25M for Healthcare Financing Solution

by Fred Pennic 01/26/2023 Leave a Comment

HPS/PayMedix to Expand $25M for Healthcare Financing Solution

What You Should Know: - Today, Health Payment Systems, Inc. (HPS)/PayMedix announced it has raised another $25M of funding to accelerate the growth of its PayMedix healthcare financing solution led by SVB Capital with partipcation from existing investors SV Health Investors, Hexagon, Inc. and Caltius Equity. - PayMedix increases health equity for all consumers by guaranteeing full and prompt payments of all in-network allowed charges for
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Angle Health Raises $58M for Digital-First Health Insurance

by Fred Pennic 01/25/2023 Leave a Comment

Angle Health Raises $58M for Digital-First Health Insurance

What You Should Know: - Angle Health, a digital first health insurance carrier raises $58M in Series A funding, making health insurance more convenient, approachable, and affordable for employers and members. The round was led by Portage with participation from PruVen Capital, Wing Venture Capital, SixThirty Ventures, Mighty Capital, Wormhole Capital, Mindset Ventures, Crew Capital, Aloft VC, and Pilot founder Waseem Daher; and support from existing investors Blumberg Capital,
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