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Fred Pennic, Editor-in Chief | HIT Consultant

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

Clearlake Capital-Backed Dude Solutions Acquires Facility Health Inc.

by Fred Pennic 12/14/2021 Leave a Comment

Clearlake Capital-Backed Dude Solutions Acquires Facility Health Inc.

What You Should Know: - Dude Solutions, a Clearlake-backed software company acquires Facility Health (FHI), a technology that helps healthcare organizations manage assets and facilities.  Today, Dude Solutions, the leading SaaS provider of cloud-based operations management solutions, backed by Clearlake Capital Group, L.P. (together with its affiliates “Clearlake”), today announced it has acquired Michigan-based Facility Health, Inc.
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Xandar Kardian Raises $10M for Contactless Health Monitoring

by Fred Pennic 12/14/2021 Leave a Comment

Xandar Kardian Raises $10M for Contactless Health Monitoring

What You Should Know: - Toronto-based startup Xandar Kardian raises $10M to empower digital automation of building control and contactless measurement of vital biomarkers. Xandar Kardian, a Toronto-based digital health startup announced today that it closed a $10 million Series A funding round led by Phoenix Venture Partners, Portfolia Active Aging & Longevity Fund and Taronga Ventures. Digital Automation with Radar Accuracy The occupancy sensor market is
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Prolucent Health Raises $11.5M for Healthcare Workforce Optimization Platform

by Fred Pennic 12/13/2021 Leave a Comment

Prolucent Health Raises $11.5M for Healthcare Workforce Optimization Platform

What You Should Know: - Prolucent Health raises $11.5 million In Series A funding To advance workforce optimization In healthcare. - Prolucent Health will use the new capital to further expand its sales, marketing, and client services teams and broaden product capabilities. Prolucent Health®, a provider of enterprise-wide healthcare workforce optimization software and services, today announced it has raised $11.5 million in Series A funding co-led by SpringTide Ventures
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M&A: Phreesia Acquires Insignia Health to Improve Patient Experience

by Fred Pennic 12/13/2021 Leave a Comment

Phreesia Acquires Insignia Health to Improve Patient Experience

What You Should Know: - Phreesia’s acquires Insignia Health, a mission-oriented company dedicated to improving health outcomes through patient activation. - Insignia has an exclusive worldwide license for the Patient Activation Measure® (PAM®). Phreesia, a customized patient intake software platform today announce it has acquired Insignia Health, LLC, a founder-led and mission-oriented company dedicated to improving health outcomes through patient activation. The acquisition is a
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Fraud Schemes in a Telehealth Era: What Healthcare Payers Should Know

by Fred Pennic 12/10/2021 Leave a Comment

Fraud Schemes in a Telehealth Era: What Healthcare Payers Should Know

What You Should Know: - Report from Codoxo that finds 10-15% of telehealth claims fall outside of approved CMS codes and indicates a high potential for rapidly increasing fraud schemes (and provider coding errors) in a new telehealth era. Codoxo, a provider of healthcare artificial intelligence solutions for healthcare payers and agencies, today released a new study revealing that among the 41% of provider specialties showing statistically significant increases for telehealth adoption,
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Health Systems Cite Telehealth as Top Tool to Improve Patient Access in 2022

by Fred Pennic 12/10/2021 Leave a Comment

Telehealth Named Top Tool to Improve Patient Access for Health Systems, CCM & KLAS Report Finds

What You Should Know: - Improving patient access to medical services is a top priority for health system leaders in 2022, according to new research from the Center for Connected Medicine (CCM) and KLAS Research. - According to new research, patient access was identified by health system leaders as the challenge in healthcare that can be best addressed with telehealth in the coming year. Nearly 99% of health systems identified improving patient access as a “high” or “very high”
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M&A: Quartet Health Acquires InnovaTel Telepsychiatry

by Fred Pennic 12/09/2021 Leave a Comment

M&A: Quartet Health Acquires InnovaTel Telepsychiatry

What You Should Know: - Quartet acquires InnovaTel Telepsychiatry, a provider of virtual mental healthcare services with a differentiated expertise in treating complex conditions. - The partnership lays the foundation for a comprehensive, nationwide solution to help all people — including those with complex needs — and focuses on speed to high-quality mental health care. Quartet Health, a tech-enabled mental health care company that works with health plans, systems, and provider
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connectRN Secures $76M for Healthcare Workforce Platform to Address Clinician Burnout

by Fred Pennic 12/08/2021 Leave a Comment

connectRN Secures $76M for Healthcare Workforce Platform to Address Clinician Burnout

What You Should Know: - connectRN raises $76M to support the acceleration of its healthcare workforce platform and address clinician burnout. - connectRN is a tech-enabled platform connecting nurses and aides with opportunities to improve their work-life. connectRN, a Waltham, MA-based tech-enabled platform built to improve clinicians’ lives through access to community, opportunity, and support, announced it has completed a $76M financing round co-led by Suvretta Capital Management
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Suki Secures $55M for Voice-Enabled Clinical Assistants to Relieve Physician Burnout

by Fred Pennic 12/07/2021 Leave a Comment

Suki Secures $55M for Voice-Enabled Clinical Assistants to Relive Physician Burnout

What You Should Know: - Suki raises $55M in Series C funding to expand its AI-enabled, voice-enabled clinical assistants to relieve physician burnout. - Suki will use this funding to make strategic investments that will lead to an expansion of its user base through new and existing partnerships with leading health systems and medical groups while bolstering employee growth and development. Suki, the leader in voice artificial intelligence (AI) technology for healthcare, announced
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A Troop of 800lb Gorillas are Vying to be “The Amazon of Healthcare”

by Brian Yarnell, President and Co-Founder Bluestream Health 12/06/2021 Leave a Comment

A Troop of 800lb Gorillas are Vying to be “The Amazon of Healthcare”

A Troop of 800lb Gorillas are Vying to be “The Amazon of Healthcare” and Traditional Healthcare Providers are about to get Mauled First, I love Amazon. Mr. Bezos, please don’t turn off our Bluestream servers. Now my groveling is out of the way I can say “being the Amazon” doesn’t necessarily have a positive connotation these days. Just this month, it was reported that Amazon copied products and rigged search results to promote its own brands. With trillions of dollars at stake in the
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