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Fred Pennic, Editor-in Chief | HIT Consultant

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

Omada Health Raises $192M to Expand Digital Therapeutics for Chronic Disease

by Fred Pennic 02/24/2022 Leave a Comment

Omada Becomes First NCQA-Accredited Virtual Provider

What You Should Know: - Omada Health, a chronic care integrated healthcare provider, today announced its $192M in Series E funding round led by Fidelity Management & Research Company with participation from aMoon, existing investors Perceptive Advisors, Wellington Management, Civilization Ventures, and others. - Omada Health will utilize the funding to accelerate hiring at all levels to meet growing customer demands, a technological roadmap for care and coaching personalization to
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Story Health Secures $22.6M for AI-Driven Virtual Specialty Care Platform Across Cardiology

by Fred Pennic 02/24/2022 Leave a Comment

Story Health Secures $22.6M for AI-Driven Virtual Specialty Care Platform Across Cardiology

What You Should Know: - Story Health, a health technology and services company that extends specialty care into patient’s homes raises $22.6M in Series A funding co-led by Northpond Ventures and B Capital Group. The round also included participation from new investor LRVHealth and existing investors Define Ventures and General Catalyst, bringing the company’s total funding to approximately $27M. - The Story Health platform empowers specialists through intelligent embedded clinical software
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Medtronic, AWS to Provide Underserved Communities with AI-Assisted Colon Cancer Screening

by Fred Pennic 02/22/2022 Leave a Comment

Medtronic, AWS to Provide Underserved Communities with AI-Assisted Colon Cancer Screening

What You Should Know: - Medtronic and AWS, today announced a partnership to provide underserved communities with artificial intelligence (AI)-assisted colonoscopy technology through AWS’s $40M Health Equity Assistance Program for colon cancer screening. - Amazon Web Services will support the effort to provide Medtronic GI Genius™ intelligent endoscopy modules to facilities that primarily serve communities with low screening rates or where access to this technology is not currently
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WellSky Acquires TapCloud, Health AI Platform to improve Patient Engagement

by Fred Pennic 02/22/2022 Leave a Comment

WellSky Acquires TapCloud, Health AI Platform to improve Patient Engagement

What You Should Know: - Today, Wellsky announced the acquisition of TapCloud, a virtual, interoperable, and AI-driven patient engagement platform that allows patients to share symptoms and other health data with providers via virtual visit technology, secure messaging, and remote symptom screening protocols. - Frequent communication between patients, clinicians, and payers is critical to providing quality care and delivering on value-based care. TapCloud’s interoperable, AI-driven platform
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Sirona Medical Acquires Nines Radiology AI Division

by Fred Pennic 02/18/2022 Leave a Comment

Sirona Medical Secures $40M for Cloud-Native Radiology Operating System

What You Should Know: - Sirona Medical, a software company with a cloud-native solution for radiologists, has announced its acquisition of Nines Radiology’s AI division. Sirona Medical did not acquire Nines' teleradiology business, Nines Radiology. The terms of the deal were not disclosed. - This is Sirona’s first acquisition just months after its exit from stealth in Aug. 2021 with a total of $62.5M in Series A & B financing rounds.  Why It Matters The FDA-cleared medical
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Transcarent Inks Partnership with RUSH, Will Support 9,000 Employees

by Fred Pennic 02/18/2022 Leave a Comment

Transcarent Inks Partnership with RUSH, Will Support 9,000 Employees

What You Should Know: - Rush University System for Health (RUSH) announced a partnership with Transcarent, a new and different health and care experience company for employees of self-insured employers and their families led by Glen Tullman, to provide 9,000 RUSH employees with a new way to access high-quality medical care. - With Transcarent, RUSH employees can use Transcarent’s digital health care app, 24/7 personalized Health Guides, and other tools and resources to enhance their
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Teladoc Health Launches Chronic Condition Management Solution

by Fred Pennic 02/17/2022 Leave a Comment

Teladoc Health Launches Chronic Condition Management Solution

What You Should Know: - Teladoc Health, today announced the launch of Chronic Care Complete, a first-of-its-kind chronic condition management solution to help individuals improve their health outcomes while living with multiple chronic conditions.  - The solution provides members with a unified, comprehensive experience that leverages connected health monitoring devices, access to health coaches and support from physicians and mental health specialists. Unified Chronic
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H1 Acquires London-Based Faculty Opinions to Broaden Global Doctor Network

by Fred Pennic 02/16/2022 Leave a Comment

H1 Acquires London-Based Faculty Opinions to Broaden Global Doctor Network

What You Should Know: H1, a global healthcare professional data ecosystem to enable life sciences, academic medical institutions, health systems, and payors acquires London-based Faculty Opinions Ltd, formerly known as Faculty of 1000 and F1000 Prime.  Financial details of the acquisition were not disclosed. - A close partner of H1, Faculty Opinions fuses the comments and opinions of thousands of top researchers in the Life and Medical Sciences to highlight and validate the most
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Equip Raises $58M for Virtual, Evidence-Based Eating Disorder Treatment

by Fred Pennic 02/16/2022 Leave a Comment

Equip Raises $58M for Virtual, Evidence-Based Eating Disorder Treatment

What You Should Know: Equip, a provider of virtual, evidence-based eating disorder treatment in the U.S., today announced a $58M Series B funding round, bringing the company’s total funding to $75M. The Series B round was led by The Chernin Group (TCG), an early investor in Headspace and was joined by Tiger Global and General Catalyst, as well as existing investors F-Prime Capital, Optum Ventures, and .406 Ventures. Katie Couric Media invested alongside American soccer champion Alex Morgan
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Memora Health Nabs $40M to Scale Virtual Care Delivery Platform

by Fred Pennic 02/15/2022 Leave a Comment

Memora Health Nabs $40M to Scale Virtual Care Delivery Platform

What You Should Know: - Memora Health, a San Francisco, CA-based technology platform for virtual care delivery and complex care management, today announced the completion of a $40 million financing led by Transformation Capital with participation from Andreessen Horowitz, Frist Cressey Ventures, Edward Elmhurst Health, AlleyCorp, and others. As part of the financing, Todd Cozzens, Managing Partner at Transformation Capital, will join Memora's board. - Memora continues to rapidly grow with
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