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Fred Pennic, Editor-in Chief | HIT Consultant

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

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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Ophelia Raises $50M to Expand Its Novel Approach to Opioid Addiction Treatment

by Fred Pennic 12/14/2021 Leave a Comment

Ophelia Raises $50M to Expand Its Novel Approach to Opioid Addiction Treatment

What You Should Know: - Ophelia announced its $50 million Series B funding round, led by Tiger Global to expand access to medication-assisted treatment (the CDC’s recommended first-line treatment) to more people with opioid use disorder. - Funding will enable Ophelia to become a national provider, integrate with additional payors and partners, and grow its clinician support platform. Ophelia, an NYC-based digital provider of medication-assisted treatment (MAT) for opioid use disorder
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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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