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Fred Pennic, Editor-in Chief | HIT Consultant

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

Lightstone Ventures Raises $375M Fund to Invest in Early Stage Biotech and Medtech Companies

by Fred Pennic 09/14/2021 Leave a Comment

Lightstone Ventures Raises $375M Fund to Invest in Early Stage Biotech and Medtech Companies

What You Should Know: - Lightstone Ventures today announced the closing of Lightstone Ventures III with $375M in capital commitments, to invest in early-stage companies developing high-impact therapeutics and technologies. - The new fund was oversubscribed, exceeding the firm’s targeted raise, and included strong support from both new and existing limited partners. With the closing Fund III, Lightstone Ventures also announced the appointments of Christina Isacson, Ph.D., as Partner and
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Femtech Startup Babyscripts Secures $12M for Virtual Maternity Care Solution

by Fred Pennic 09/13/2021 Leave a Comment

Femtech Startup Babyscripts Secures $12M for Virtual Maternity Care Solution

What You Should Know: - Babyscripts, a Washington D.C.-based virtual care platform for managing obstetrics, announced it has raised $12M in  Series B funding led by MemorialCare Innovation Fund, a strategic healthcare investment company, and will focus on the rollout of Babyscripts Virtual Maternity Care solution to providers across the US, as well as the development of care models specifically targeted to payers. Other investors in the Series B round include Philips and the CU Healthcare
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Eleos Health Raises $6M to Expand VoiceAI-Powered Behavioral Health

by Fred Pennic 09/13/2021 Leave a Comment

Eleos Health Raises $6M to Expand VoiceAI-Powered Solution for Behavioral Health

What You Should Know: - Eleos Health, a digital health startup transforming behavioral healthcare with voice-based AI insights, today announced the close of $6M in seed funding to develop and launch their new category of automated health tech solutions that accelerate clinicians’ decision making led by aMoon Fund with participation from lool ventures, who led the company’s pre-seed round, and Gandyr Group, alongside Arkin Holdings, Geingels and former c-suite and executives from Google, MIT
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Healthcare Deserts: 80% of U.S. Lacks Adequate Access to Healthcare

by Fred Pennic 09/10/2021 Leave a Comment

Healthcare Desserts: 80% of U.S. Lacks Adequate Access to Healthcare

What You Should Know: - Over  80 percent of the country lacks adequate healthcare infrastructure in some shape or form, according to recent report findings from GoodRx Research. The research finds that over a third of the U.S. population lives in a county where there is less than adequate access to pharmacies, primary care providers, hospitals, trauma centers, and/or low-cost health centers. - The report offers an in-depth look at the uneven distribution of healthcare across the
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EHR Data Reveals COVID-19 Vaccines Effective in Preventing Hospitalizations, ER Visits

by Fred Pennic 09/09/2021 Leave a Comment

EHR Data Reveals COVID-19 Vaccines Effective in Preventing Hospitalizations, ER Visits

What You Should Know: - Real world evidence from electronic medical records (EHR) data reveals the COVID-19 vaccines  are highly effective at preventing hospitalizations, emergency department visits and intensive care admissions due to the virus, according to a study just published in the New England Journal of Medicine (NEJM).  - The study, “Effectiveness of COVID-19 Vaccines in Preventing Ambulatory and Inpatient Care” analyzes actual data from hospitals around the US and shows
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Neuroglee Raises $10M to Develop Virtual Neurology Clinics with Mayo Clinic, Others

by Fred Pennic 09/09/2021 Leave a Comment

Neuroglee Raises $10M to Develop Virtual Neurology Clinics with Mayo Clinic, Others

What You Should Know: - Neuroglee, a Boston, MA-based provider of personalized evidence-based digital therapeutics (DTx) and virtual care solutions, today announced it has raised $10M in Series A funding led by OpenSpace Ventures with participation by EDBI. - Neuroglee Therapeutics discovers, develops and commercializes personalized evidence-based digital therapeutics (DTx) and virtual care solutions to treat and manage patients with neurodegenerative diseases. Neuroglee’s adaptive
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Corti Receives $27M to Expand AI-Powered Patient Consultations Platform

by Fred Pennic 09/09/2021 Leave a Comment

Corti Receives $27M to Expand AI-Powered Patient Consultations Platform

What You Should Know: - Corti.ai, a Copenhagen, Denmark-based AI-powered patient consultations platform today announced it has raised $27M in Series A funding led by Vaekstfonden, the Danish Growth Fund and Chr. Augustinus Fabrik, who joins existing investors Hearcore, Id Invest, and byFounders. - Founded by  Lars Maaløe and Andreas Cleve in 2016, Corti provides an augmentative AI platform that uses speech recognition technology to analyze patient consultations in real time and then
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Azalea Health Acquires dashboardMD for Integrated EHR‑based Business Intelligence

by Fred Pennic 09/08/2021 Leave a Comment

Azalea Health Acquires dashboardMD for Integrated EHR‑based Business Intelligence

What You Should Know: - Azalea Health Innovations Inc. (Azalea Health or Azalea), a provider of cloud-based patient management and health IT solutions, today announced its acquisition of dashboardMD, an innovative cloud provider of business intelligence reporting solutions and healthcare analytics. Financial details of the acquisition were not disclosed. - The acquisition pairs two true innovators in the health IT space -- Azalea with its fully interoperable, cloud-based electronic health
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Intelerad Acquires Insignia Medical Systems, UK-Based Enterprise Imaging Provider

by Fred Pennic 09/08/2021 Leave a Comment

Intelerad Acquires Insignia Medical Systems, UK-Based Enterprise Imaging Provider

What You Should Know: Today, Intelerad Medical Systems, a provider of medical image management solutions, announced its acquisition of Insignia Medical Systems, a leading UK-based enterprise imaging provider. The deal signals an important step in expanding next-generation imaging solutions and resources to help modernize hospital trusts across the UK and marks the company’s fifth acquisition in the past year. Notably, the UK healthcare system is facing an aging and growing population,
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TransUnion Explores Sale of TransUnion Healthcare, Sources Say

by Fred Pennic 09/08/2021 Leave a Comment

TransUnion Explores Sale of TransUnion Healthcare, Sources Say

What You Should Know: - Credit reporting agency TransUnion is currently evaluating the sale of its revenue cycle management subsidiary, TransUnion Healthcare, PE Hub first reports. - Sources report TransUnion Healthcare at an initial valuation of $1.9B to $2.2B with approximately $100M of earnings before interest, taxes, depreciation, and amortization (EBITDA). - TransUnion Healthcare makes mutual trust possible between patients, providers, and payers by helping them navigate payment
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