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Fred Pennic, Editor-in Chief | HIT Consultant

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

Zelis Acquires Healthcare Payment Reimbursement Solutions Payspan

by Fred Pennic 11/10/2022 Leave a Comment

Zelis Acquires Healthcare Payment Reimbursement Solutions Payspan

What You Should Know: - Zelis, a company modernizing the business of healthcare, announced today the completion of its acquisition of Payspan, a leader in healthcare electronic payment and reimbursement automation services. Financial terms of the transaction were not disclosed. - The acquisition will accelerate Zelis' mission to modernize the business of healthcare through a connected platform and expansion of offerings for healthcare insurers, providers, and their members. Improving
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ChristianaCare Partners with Hims & Hers to Expand In-Person Healthcare Access in 4 States

by Fred Pennic 11/10/2022 Leave a Comment

What You Should Know: Health system ChristianaCare is partnering with Hims & Hers Health, a consumer-first platform focused on providing modern personalized health and wellness experiences to consumers to expand access to healthcare services. - The partnership will help ChristianaCare create a more seamless patient journey for patients in Delaware, Maryland, New Jersey and Pennsylvania, and expands the Hims & Hers’ partnership network with providers to now include 10 states and
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ConcertAI CEO Talks COVID-19  & The De-Risking of Technology to Keep Trials Moving

by Fred Pennic 11/09/2022 Leave a Comment

ConcertAI CEO Talks COVID-19 & The De-Risking of Technology to Keep Trials Moving

Nothing like it had ever happened before – a global slowdown in new study starts and a massive decrease in trial accruals for open studies. The turn of events was a shock for sponsors and providers. Sudden disruptions on that scale rarely hit multiple players in an ecosystem at the same time. But that’s exactly what happened at the intersection of clinical care and clinical development during the pandemic. Researchers and clinicians were forced to change how they operated trials, and
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5 Trends Driving the Future Growth of Digital Health & MedTech

by Fred Pennic 11/09/2022 Leave a Comment

5 Trends Driving the Future Growth of MedTech

What You Should Know: - Today Accenture published Digital Health and MedTech – New Signals for Transformation to understand the impact consumers, patients and healthcare professionals’ experiences and expanding care settings will have on the medtech industry. - In a global survey of Medtech executives, five key trends were identified, including Care Anywhere and Everywhere with over 75% of executives saying that the expanding care settings and models will significantly
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Fathom Secures $46M for AI Medical Coding Automation Platform

by Fred Pennic 11/09/2022 Leave a Comment

Fathom Receives Strategic Investment for Medical Coding Automation Platform

What You Should Know: - Fathom, an AI-powered medical coding automation platform raises $46M in Series B funding co-led by Alkeon Capital and Lightspeed Venture Partners with participation from Vituity’s Inflect Health, Cedars-Sinai, ApolloMD, Jonathan Bush, and other healthcare executives. - The company plans to use the funding to advance the standard in automated medical coding in response to critical challenges facing providers. The Series B round brings Fathom’s total funding to
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HCA to Deploy MEDITECH Expanse EHR Across Enterprise

by Fred Pennic 11/08/2022 Leave a Comment

HCA to Deploy MEDITECH Expanse EHR Across Enterprise

What You Should Know: - HCA Healthcare, one of the nation’s leading providers of healthcare services, has signed a new agreement for a large-scale deployment of MEDITECH Expanse. This landmark agreement identifies MEDITECH Expanse as HCA Healthcare’s primary go forward EHR platform and a key part of the company’s digital transformation. - Expanse is expected to support HCA Healthcare’s efforts to provide
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Walgreens-Backed VillageMD to Acquire Summit Health for $9B

by Fred Pennic 11/07/2022 Leave a Comment

Walgreens-Backed VillageMD to Acquire Summit Health for $9B – M&A

What You Should Know: Primary care provider, VillageMD has entered a definitive agreement to acquire Summit Health-CityMD, a provider of primary, specialty and urgent care in a blockbuster M&A deal valued at $8.9 billion with investments from Walgreens Boots Alliance (WBA). The combined company will create a multi-payor platform to deliver quality, affordable care for all patients and will enhance WBA’s robust portfolio of leading, integrated healthcare offerings across the care
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a16z Bio+ Health Partners with Bassett Health to Bring Digital Health Solutions to Rural New York

by Fred Pennic 11/07/2022 Leave a Comment

a16z Bio+ Health Partners with Bassett Health to Bring Digital Health Solutions to Rural New York

What You Should Know: - Andreessen Horowitz (a16z) Bio + Health fund today announced a strategic partnership with Bassett Healthcare Network, an integrated healthcare system in central New York state. - The strategic partnership aims to leverage digital healthcare technologies from a16z’s portfolio companies to address the inequities and systemic challenges of delivering high-quality healthcare to rural patient populations through Bassett Healthcare Network. Leveraging Digital Health to
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SEMCAP Launches Investment Strategy to Address Healthcare Market Opportunity

by Fred Pennic 11/04/2022 Leave a Comment

SEMCAP Launches Investment Strategy to Address Healthcare Market Opportunity

What You Should Know: - Growth equity investor SEMCAP is launching SEMCAP Health, its healthcare investment strategy to address the significant opportunities at this unprecedented time in the healthcare industry. - SEMCAP Health takes influential minority or majority positions in high-growth healthcare tech and tech-enabled services business. The most recent example is SEMCAP Health’s investment in
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Lumeris Launches Value-Based Care Accelerator for Practices

by Fred Pennic 11/03/2022 Leave a Comment

Lumeris Launches Value-Based Care Accelerator for Practices

What You Should Know: - Lumeris is launching Tribus, a value-based care accelerator for practices to convert from fee-for-service to value-based care using a community based-model. - Under the direction of Dr. Chuck Willey, CEO of Tribus, who is a practicing internal medical physician in St. Louis, doctors will participate in physician-to-physician training and mentorship for anyone looking for a better way to deliver at-risk care for senior populations. Why It Matters The Medicare
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