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Fred Pennic, Editor-in Chief | HIT Consultant

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

Verana Health Lands $30M for EHR Integrated Data Platform for Life Sciences

by Fred Pennic 07/31/2018 Leave a Comment

Verana Health Lands $30M for EHR Integrated Data Platform for Life Sciences

Verana Health formerly known as DigiSight Technologies), a healthcare technology developer of a cutting-edge platform for life science innovation that utilizes regulatory-grade specialty data sets has raised $30M in Series C funding led by  GV (formerly Google Ventures) with participation from existing investors Biomatics Capital, Brook Byers, founder of Kleiner, Perkins, Caufield & Byers, GE Ventures, and Lagunita Biosciences.In addition to the Series C funding, the company has appointed
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PatientWisdom Lands $1M to Strengthen Patient-Provider Relationship through Real World Data Collection

by Fred Pennic 07/31/2018 Leave a Comment

PatientWisdom

PatientWisdom lands $1m to expand the reach of digital health platforms that transform the experience and delivery of healthcarePatientWisdom, a digital health platforms designed to improve health and care by listening to patients, providers, and community members has raised $1M in funding led by OCA Ventures with participation from existing investors. To date, PatientWisdom, Inc. has raised a total of $3.45 million.The company’s three digital solutions – PatientWisdom, ProviderWisdom and
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Hartford HealthCare Taps Innovaccer’s Healthcare Data Platform to Connect Over 70 Ambulatory Practice Sites

by Fred Pennic 07/26/2018 Leave a Comment

Hartford HealthCare selects Innovaccer’s Healthcare Data Platform

Hartford HealthCare, Connecticut’s most comprehensive healthcare network, has partnered with the leading San Francisco-based healthcare data platform company, Innovaccer Inc., to leverage data as a source of innovation in healthcare.Due to the siloed nature of traditional clinical systems, connecting practice sites within a dispersed health system has always been incredibly challenging. As organizations strive to improve efficiency and outcomes, the inability to link systems is proving to be a
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Patientco Lands $28M to Reimagine the Patient Financial Experience

by Fred Pennic 07/26/2018 Leave a Comment

Patientco Lands $28M to Reimagine the Patient Financial Experience

Patientco latest Series B funding fuels expansion of patient billing and payments technology platform focused on creating a smarter patient financial experiencePatientco, an Atlanta, GA-based next-generation patient billing and payments technology company has raised $28 million in Series B funding led by private equity firm Accel-KKR. The round also included participation from BlueCross BlueShield Venture Partners / Sandbox Advantage Fund. Patientco plans to use the funding to accelerate expand
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IllumiCare Launches App to Solve Blindspot Within EHR for Opioid Prescribing

by Fred Pennic 07/25/2018 Leave a Comment

IllumiCare Launches App to Solve Blindspot Within EHR for Opioid Prescribing

IllumiCare launches the first controlled substance tracking solution within the EMR to combine inpatient and outpatient data on opioid exposure. A new app for the EHR is alleviating a blindspot in opioid prescribing, giving clinicians the first full picture of opioid exposure on a patient. Currently, treating clinicians look John Doe up in the state’s PDMP to see his opioid history when he comes to the ER in pain. He doesn’t have one, so they prescribe it during his stay then he’s sent home.
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Apixio Unveils AI-Powered Risk Adjustment Auditing Solution for Plans & Providers

by Fred Pennic 07/25/2018 Leave a Comment

Apixio Unveils AI-Powered Risk Adjustment Auditing Solution

Apixio Inc., the data science company for healthcare, today announced availability of the first-ever AI-powered solution to help health plans and provider organizations to undertake internal audits of their risk adjustment payment data with increased accuracy and in far less time than traditional methods. Medicare is increasing the frequency of health plans audits offering Medicare Advantage (MA) products to ensure correct payments. Given the potential revenue impact, it typically takes health
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Identity Automation Acquires Single Sign-On Technology Provider HealthCast

by Fred Pennic 07/24/2018 Leave a Comment

Identity Automation Acquires Identity & Access Management Provider HealthCast

Identity Automation, a leading provider of Access Management (AM), Identity Governance (IGA), and Multi-Factor Authentication (MFA) software, today announced its acquisition of Boise, ID-based HealthCast Inc., provider of award-winning enterprise single sign-on (eSSO) and virtual desktop technology for the healthcare industry. Financial details of the acquisition were not disclosed.Increased regulation and the shift from paper-based to digital records has created new challenges in securing and
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XLerateHealth Accelerator Unveils Its Sixth Class of 10 Digital Health Startups

by Fred Pennic 07/24/2018 Leave a Comment

XLerateHealth Accelerator Unveils Its Sixth Class of 10 Digital Health Startups

XLerateHealth, a Louisville-based healthcare accelerator, today announced it has selected ten companies to participate in their sixth cohort of companies. The accelerator’s 12-week intensive program will help the early stage healthcare companies build out their commercialization strategy, which includes their intersection with Payers, Providers (hospitals, ACOs, nursing homes, home health and group practices), and customers (employers and/or consumers). At the conclusion of the Bootcamp cohort,
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RXQ Compounding Raises $7M for FDA Approved 503B Outsourcing Facility

by Fred Pennic 07/24/2018 Leave a Comment

RXQ Compounding Raises $7M for FDA Approved 503B Outsourcing Facility

RXQ Compounding, LLC, an Athens, Ohio-based manufacturer of sterile and non-sterile medications licensed to ship to 38 states and Washington, D.C., announced it has raised $7 million in Series A funding led by Ohio Innovation Fund (OIF). RXQ plans to use the latest round of funding to open a new state-of-the-art FDA 503B outsourcing facility  for pharmacy compounding, employing hundreds in the Appalachian area of Southeast Ohio. RXQ Compounding, LLC is poised to be a leader in the new paradigm
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Click Therapeutics Lands $17M to Advance Prescription Digital Therapeutics Platform

by Fred Pennic 07/23/2018 Leave a Comment

Click Therapeutics Lands $17M to Advance Prescription Digital Therapeutics Platform

Click Therapeutics, Inc. (“Click”), a provider of Digital Therapeutics solutions as prescription medical treatments, has raised $17 million in funding led by Sanofi Ventures, the corporate venture capital arm of Sanofi. Sanofi Ventures invests in early-stage biotech and digital health companies with innovative ideas and transformative new products and technologies of strategic interest to Sanofi. Among these areas are rare diseases, vaccines, potential cures in other core areas of Sanofi’s
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