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Fred Pennic, Editor-in Chief | HIT Consultant

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

Oracle Receives Antitrust Approval for $28.3B Cerner Acquisition

by Fred Pennic 06/01/2022 Leave a Comment

Oracle Receives Antitrust Approval for $28.3B Cerner Acquisition

What You Should Know: - Today, Oracle announced that all required antitrust approvals have been obtained for its proposed $28.3B ($95 per share) acquisition of Cerner, including European Commission clearance. - Oracle expects to complete the tender offer promptly following the expiration of that offer at midnight Eastern time on June 6, 2022. Completion of the tender offer remains subject to the conditions described in the tender offer statement on Schedule TO filed by Oracle with the U.S.
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Hint Health Raises $45M To Expand Direct Primary Care (DPC) Network

by Fred Pennic 06/01/2022 Leave a Comment

Hint Health Raises $45M To Expand Direct Primary Care (DPC) Network

What You Should Know: - Hint Health, a direct primary care (DPC) provider raises $45M led by Banneker Partners and Frist Cressey Ventures. - The investment will support the growth of Hint’s operating system technology for core customers and an expansion of its national DPC network, Hint Connect. Hint Health will also use the investment to increase services that support innovative virtual-first care models and near-site / on-site clinics that directly contract with
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SnapLogic Launches Amazon HealthLake Accelerator to Store, Share Patient Data

by Fred Pennic 06/01/2022 Leave a Comment

SnapLogic Launches Amazon HealthLake Accelerator to Store, Share Patient Data

What You Should Know: - SnapLogic, a provider of Enterprise Automation, today launched the SnapLogic Accelerator for Amazon HealthLake, which enables healthcare and life sciences organizations to easily ingest a range of raw data into Amazon HealthLake, powered by Amazon Web Services (AWS), and transform it into healthcare-related insights and actions. - This new Amazon HealthLake-dedicated integration and automation accelerator will help organizations looking to quickly connect systems,
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Lightbeam Health Acquires Jvion AI and SDOH Solutions – M&A

by Fred Pennic 05/31/2022 Leave a Comment

Jvion Brings AI-Powered Clinical Insights to NTT DATA's Nucleus for Healthcare Platform

What You Should Know: – Lightbeam Health Solutions, Inc., a provider of population health management solutions and services has entered into an asset purchase agreement to acquire the operating assets related to Jvion, Inc., including Jvion’s market-leading AI-enabled prescriptive analytics and social determinants of health (SDoH) solutions.  -The strategic partnership combines Lightbeam’s health analytics and outcomes for payers and providers with the Jvion’s predictive technology.
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St. Peter’s Health to Deploy Innovaccer Health Cloud for Optimized Care Management

by Fred Pennic 05/31/2022 Leave a Comment

St. Peter’s Health to Deploy Innovaccer Health Cloud for Optimized Care Management

What You Should Know:   St. Peter’s Health, a regional nonprofit healthcare system in Helena, Montana, is moving to the InnovaccerⓇ Health Cloud's Data Activation Platform to support its mission of providing exceptional and compassionate care that treats the whole person and improves the health, wellness, and quality of life for the communities it serves. The health system, an integrated network with more than 100 providers, a 99-bed acute care hospital, physician and urgent care
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Solv CEO Diversifies Cap Table, Adds 75 Female Investors as Part of $45M Series C

by Fred Pennic 05/27/2022 Leave a Comment

Solv Secures Participation from 75 Female Investors as Part of Larger $45M Series C

What You Should Know: - Today,  Heather Fernandez, CEO and co-founder of healthcare on-demand app Solv Health shared her diversity plans for bringing on more women and first-time investors to the Cap Table as part of the company’s $45M Series C round. As a Filipino-Iranian woman, Heather knows “people like me” don’t get funded - or hired or invited to the table. Women are also more likely to be healthcare decision-makers for their families.  - Heather created a Special Purpose
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Phenomix Sciences Launches Obesity Biobanking Registry Studying Personalized Treatment Options Based on Genetics

by Fred Pennic 05/27/2022 Leave a Comment

Phenomix Sciences Launches Obesity Biobanking Registry Studying Personalized Treatment Options Based on Genetics

What You Should Know: - Biotech company Phenomix Sciences launches its biobanking registry, marking the first obesity registry to study the impact of personalized treatment based on phenotyping. The impact of this biobanking registry and the data it will yield has the potential to change the entire system’s approach to obesity, from a treatment recommendation to the way payers determine coverage and how the industry combines diagnostics testing with drug therapy. - The
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Komodo Health Appoints COO, Transcarent, Vytalize Health, RxBenefits, Other Digital Health Appointments

by Digital Health Executive Appointments 05/27/2022 Leave a Comment

Komodo Health Appoints COO, Transcarent, Vytalize Health, RxBenefits, Other Digital Health Appointments

Komodo Health has named Dr. Aswin Chandrakantan as its Chief Operating Officer. Dr. Chandrakantan will also continue to serve as the firm’s Chief Medical Officer, a role he has held since 2016. Dr. Chandrakantan was one of Komodo Health’s earliest employees – following leadership roles at McKinsey and Google – and has played a central role in the company’s rapid-fire growth. RxBenefits appoints Wendy Barnes as its new Chief Executive Officer. Barnes succeeds Bryan Statham, who served as the
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CVS Health Launches New Virtual Primary Care Platform

by Fred Pennic 05/26/2022 Leave a Comment

CVS Health Launches New Virtual Primary Care Platform

What You Should Know: - CVS Health launches of its new Virtual Primary Care solution on a single digital platform for a more coordinated and consumer-centric health care experience. - The new offering, which is being sold to Aetna fully-insured, self-insured plan sponsors, and CVS Caremark clients now, will become effective for eligible Aetna members starting January 1, 2023, and for eligible CVS Caremark members during the second quarter of 2023. It
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Health and Social Care Northern Ireland Taps Tegria for National Digital Transformation

by Strategic Partnerships 05/26/2022 Leave a Comment

Tegria, Cedar Partner to Humanize the Patient Financial Experience

What You Should Know:  - Health and Social Care Northern Ireland (HSCNI) has enlisted the support of global healthcare technology specialist, Tegria, and digital health consultancy, Cloud21, in a deal to support its national digital transformation program.  - The organizations will help to deliver Northern Ireland’s Encompass program – a decade-long initiative that aims to deliver improvements to outcomes for patients by making it easier for health and care
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