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Fred Pennic, Editor-in Chief | HIT Consultant

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

M&A: LeanTaaS Acquires Hospital IQ, Combined Valuation Exceeds $1B

by Fred Pennic 01/10/2023 Leave a Comment

M&A: LeanTaaS Acquires Hospital IQ, Combined Valuation Exceeds $1B

What You Should Know: - LeanTaaS, Inc., a provider of AI-powered and SaaS-based capacity management and patient flow software for health systems, today announced it has acquired Hospital IQ, a provider of intelligent automation solutions for hospitals. The acquisition values the combined company at more than $1 billion in enterprise value and enables it to power intelligent operations across more than 180+ U.S. health systems. The financial terms of the acquisition were not disclosed. -
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M&A: Avel eCare Acquires NightWatch to Expand Remote Pharmacy Services

by Fred Pennic 01/10/2023 Leave a Comment

M&A: Avel eCare Acquires NightWatch to Expand Remote Pharmacy Services

What You Should Know: - Avel eCare, the nation’s leading provider of clinician-to-clinician telemedicine services, today announced the acquisition of NightWatch, a West Virginia-based company that provides remote pharmacy services to hospitals, clinics and nursing homes throughout the Midwest and mid-Atlantic region.   - The expansion of remote pharmacy services strengthens Avel eCare’s portfolio of telemedicine offerings and helps meet the growing demand for
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Exec Hires: Former CVS Health Leader Joins Virgin Pulse as Chief Medical Officer

by Executive Hires 01/10/2023 Leave a Comment

Exec Hires: Former CVS Health Leader Joins Virgin Pulse as Chief Medical Officer

What You Should Know: - Virgin Pulse, a global digital-first health, wellbeing, and navigation company, announced that Jeffrey Jacques, MD, has joined the company as Chief Medical Officer. - As chief medical officer at Virgin Pulse, Dr. Jacques will advance the company’s clinical strategy, providing insight and guidance to product and commercial teams. He will also lead the company’s Science Advisory Board, which helps ensure that Virgin Pulse’s technology and the experiences it supports
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6 Executive Health Data Predictions to Watch in 2023

by Fred Pennic 01/09/2023 Leave a Comment

6 Executive Health Data Predictions to Watch in 2023

Kevin Agatstein, CEO at Kaid Health In 2023 I predict that unstructured medical data, which makes up the majority of a patient’s chart, will become too valuable to ignore by both providers and payers. Driven in part by the growth of Medicare Advantage and oncology, both of which require the data within medical notes rather than just claims and labs data, organizations will start to use their unstructured EMR data in entirely new ways. Rob Cohen, CEO at Bamboo Health In today’s
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Omada Health, Intermountain, Castell to Establish Integrated, Virtual Care Option for Diabetes Management and Prevention

by Fred Pennic 01/09/2023 Leave a Comment

Omada Health, Intermountain, Castell to Establish Integrated, Virtual Care Option for Diabetes Management and Prevention

What You Should Know: - Omada Health and Castell, an Intermountain value-based care subsidiary, announced a first-of-its kind partnership – creating a new, integrated virtual care model to reach and help more at-risk patients through proven prevention and Diabetes programs.   The new virtual care model expands the access of Omada’s Diabetes Prevention Program and Diabetes Program to patients and caregivers receiving care from Intermountain Healthcare’s primary care providers
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Monogram Health Secures $375M to Expand In-Home Kidney Care

by Fred Pennic 01/09/2023 Leave a Comment

Monogram Health Secures $375M to Expand In-Home Kidney Care

What You Should Know: - Monogram Health, a Nashville, TN-based kidney disease benefit management and care delivery company announced a $375M growth funding round that will drive the company’s continued rapid expansion as the leading solution for high-quality, in-home care for polychronic patients living with chronic kidney and end-stage renal disease in the U.S. - Investors in the round include CVS Health, Cigna, Humana, Memorial Hermann Health System, SCAN, TPG Capital, Frist Cressey
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Exec Hires: Icario Appoints Marc Willard as Chief Executive Officer

by Executives Hires 01/09/2023 Leave a Comment

Exec Hires: Icario Names Marc Willard Chief Executive Officer

What You Should Know: - Icario, the healthcare industry’s largest health action company has appointed Marc Willard as its new CEO. - Willard will also join Icario’s Board of Directors and Steve Wigginton, Icario’s founding CEO, will remain an investor in and advisor to the company. Marc Willard Bio/Background Having spent the last three decades leading and building healthcare technology businesses, Willard brings highly relevant experiences and industry relationships to his new
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Teladoc Health Launches Fully Integrated Whole-Person Care Experience App

by Fred Pennic 01/06/2023 Leave a Comment

Teladoc Health Launches Fully Integrated Whole-Person Care Experience App

What You Should Know: - Teladoc Health launches a fully integrated healthcare experience through a new comprehensive digital application enabling personalized whole-person care to individuals. - The app will enable consumers to seamlessly access Teladoc Health’s full range of services, including primary care, mental health and chronic condition management from one place and under a single portable account. - In addition, Teladoc Health’s full suite of services will be available in
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Real-World Data Startup Crescendo Health Launches with $3.2M

by Fred Pennic 01/06/2023 Leave a Comment

Real-World Data Startup Crescendo Health Launches with $3.2M

What You Should Know: - Crescendo Health, a real-world data startup that's drastically reshaping how clinical researchers get access to hard-to-reach patient data to support their clinical research today officially announced its launch with $3.4M in seed funding from Define Ventures as well as the founders and CEOs of many other well-known organizations. - Founded by the co-founder of Datavant (merged with Ciox in a $7 billion deal), and a top product-management leader from Grand
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M&A: Rendever Acquires AARP’s Alcove Virtual Reality Platform

by Fred Pennic 01/05/2023 Leave a Comment

M&A: Rendever Acquires AARP’s Alcove Virtual Reality Platform

What You Should Know: - Rendever, the company pioneering the future of aging through VR acquires AARP’s Alcove, a popular consumer VR platform publicly available to families at home through their own VR headsets. - The Rendever team has been co-developing Alcove with AARP since 2020. By bringing Alcove in-house, Rendever is amplifying its reach through an integrated ecosystem of products that enable a better aging experience for seniors worldwide, regardless of where they live. -
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