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Fred Pennic, Editor-in Chief | HIT Consultant

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

Aetion Acquires Synthetic Data Platform Replica Analytics

by Fred Pennic 01/04/2022 Leave a Comment

Aetion Acquires Synthetic Data Platform Replica Analytics

What You Should Know: - Aetion, a real-world evidence (RWE) tech platform, has just announced its acquisition of Replica Analytics, a pioneer in using ML to generate synthetic data. Financial details of the acquisition were not disclosed. - This acquisition allows Aetion to solve for one of the toughest problems in RWE: access to fit-for-purpose data. Synthetic data acts as a “digital clone” of real-world data by maintaining the source data’s statistical properties, while also protecting
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CareMetx Acquires Patient Adherence Platform Human Care Systems

by Fred Pennic 01/03/2022 Leave a Comment

CareMetx Acquires Patient Adherence Platform Human Care Systems

What You Should Know: - Strategic acquisition of leading patient adherence technology and services provider to complement CareMetx current suite of patient access products. CareMetx, LLC, a leading technology-enabled hub services company focused on improving patient access to specialty medications, announced today the acquisition of Human Care Systems, Inc. (HCS), a company focused on helping patients adhere to and benefit from pharmaceutical and biotechnology products. Details of the
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4 Rural Healthcare IT Predictions to Watch in 2022

by Fred Pennic 12/31/2021 Leave a Comment

rural healthcare broadband access

What You Should Know: - Azalea Health Innovations Inc. (Azalea Health or Azalea), a leading provider of cloud-based patient management and health IT solutions shares 4 predictions for the new realities of rural healthcare in 2022 and how IT solutions can help them rise to the challenges. - Two years into the COVID-19 pandemic, the healthcare system is in a precarious position as labor shortages and ever-increasing cyberattacks threaten hospitals’ recovery from COVID-19. However, there are
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Quidel Corporation Acquires Ortho Clinical Diagnostics for $6B

by Fred Pennic 12/28/2021 Leave a Comment

Quidel Corporation Acquires Ortho Clinical Diagnostics for $6B

What You Should Know: - Quidel Corporation (NASDAQ: QDEL) (“Quidel”) and Ortho Clinical Diagnostics Holdings plc (NASDAQ: OCDX) (“Ortho”) jointly announced that they have entered into a definitive agreement in which Quidel will acquire Ortho. - The acquisition will create a global leader in diagnostics, bringing together two highly complementary portfolios with world-class technologies and platforms spanning high-throughput systems to near-patient and at-home testing. Financial Terms of
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Understanding an Individual’s Uniquely Personal Health Beliefs & Behaviors to Drive Better Outcomes

by Dave Kelly, CEO & Founder, AnalyticsIQ 12/28/2021 Leave a Comment

Understanding an Individual’s Uniquely Personal Health Beliefs & Behaviors to Drive Better Outcomes

When it comes to health and wellness, everyone has an approach as unique as they are. What’s more, is that an individual’s approach to their health can – and most likely will – evolve over the course of their lifetime. A decade ago, people weren’t dabbling in CBD to ease their stress, having Zoom calls with their doctors or riding a cycle with thousands of other people from the comfort of their living room. People’s health behaviors, including diet, exercise, and wellness visits, continue to
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Northwell Launches Virtual Clinical Trial to Reduce Cardiovascular Disease in Black Community

by Fred Pennic 12/21/2021 Leave a Comment

Northwell Launches Virtual Clinical Trial to Reduce Cardiovascular Disease in Black Community

What You Should Know: - The Feinstein Institutes for Medical Research, the science arm of Northwell Health, recently received a $150k grant from TD Bank, America's Most Convenient Bank, to launch a new research program and the first clinical trial to reduce cardiovascular disease in the Black community and determine the best behavioral interventions to lower Cardiovascular disease (CVD). Impact of Cardiovascular Disease in Black Community Cardiovascular disease (CVD) is a major driver
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AccessOne Acquires CueSquared to Address Patient Financial Experience

by Fred Pennic 12/21/2021 Leave a Comment

AccessOne Acquires CueSquared to Address Patient Financial Experience

What You Should Know: - AccessOne acquires one-touch mobile payment platform CueSquared. The acquisition adds mobile billing and payment product to existing patient financing offerings, extending AccessOne solution portfolio to address the overall patient financial experience. AccessOne, a leading provider of inclusive Care Now, Pay Later patient financing solutions that help all consumers manage their healthcare costs, today announced that it has acquired CueSquared, a
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Zing Health Secures $25M to Accelerate SDOH-Driven Medicare Advantage Plans

by Fred Pennic 12/20/2021 Leave a Comment

Health2047 Spins Out Zing Health to Offer SDOH-Driven Medicare Advantage Plans

What You Should Know: - Medicare Advantage provider Zing Health raises $25M from Town Hall Ventures and Leavitt Equity Partners, two leading investors focused on growing innovative healthcare businesses. Zing Health Holdings, a Chicago-based physician-led Medicare Advantage insurance company focused on serving vulnerable populations underserved by traditional insurance models, today announced that Town Hall Ventures and Leavitt Equity Partners, two leading investors focused on
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Oracle Acquires Cerner for $28.3 Billion in Historic Health IT M&A Deal

by Fred Pennic 12/20/2021 Leave a Comment

Oracle Acquires Cerner for $28.3B in Blockbuster M&A Deal

What You Should Know: - Oracle Corporation and Cerner Corporation today jointly announced an agreement for Oracle to acquire health IT leader Cerner through an all-cash tender offer for $95.00 per share, or approximately $28.3 billion in equity value. The acquisition of Cerner will be a huge additional revenue growth engine for Oracle as it immediately grabs significant market share in the healthcare space. In addition, Oracle plans to expand Cerner's business into many more countries
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Oracle in Talks to Acquire Cerner for $30B

by Fred Pennic 12/17/2021 Leave a Comment

Oracle in Talks to Acquire Cerner for $30B

What You Should Know: - Oracle Corp. is currently in discussions to acquire health IT vendor Cerner in a deal that could be worth around $30 billion, Wall Street Journal first reports. - If the deal is finalized, it would be marked as the largest health IT acquisition to date and establish Oracle as a significant player in the healthcare space. - The news of the potential acquisition increased Cerner shares by 14.2% in trading Friday to $90.75.
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