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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: MMIT/Evaluate Acquires Healthcare Analytics Company Panalgo

by Fred Pennic 09/29/2021 Leave a Comment

M&A: MMIT/Evaluate Acquires Healthcare Analytics Company Panalgo

What You Should Know: - Panalgo, a leading healthcare analytics company, has been acquired by MMIT and Evaluate, which joined forces last month to become a $1.6 billion global pharma commercial intelligence provider.  Panalgo provides software that streamlines healthcare data analytics by removing complex programming from the equation. Panalgo's Instant Health Data (IHD) software empowers teams to generate and share trustworthy results faster, enabling more impactful decisions - With
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UArizona Awarded $60M to Launch Precision Aging Network

by Fred Pennic 09/28/2021 Leave a Comment

UArizona Awarded $60M to Launch Precision Aging Network

What You Should Know: - The University of Arizona has been awarded a five-year $60 million grant from the National Institutes of Health to create and lead a Precision Aging Network that could transform the way we think about the aging brain. - The network will bring together researchers from across the country to better understand how and why people experience brain aging differently, with the ultimate goal of developing more effective treatments and interventions targeted to the
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NovaSignal Secures $37M for Capture Blood Flow Data in Real-Time

by Fred Pennic 09/28/2021 Leave a Comment

NovaSignal Secures $37M for Capture Blood Flow Data in Real-Time

What You Should Know: -  NovaSignal Corp., a Los Angeles-based medical technology and data company specializing in the assessment and management of brain health, announced today it has closed $37M in a Series C1 round of funding led by Alpha Edison and Reimagined Ventures. - By applying robotics and artificial intelligence to cerebral ultrasound, NovaSignal uniquely captures blood flow data in real time. The NovaSignal Platform empowers the clinical team with critical, real-time
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Inaugural AWS Healthcare Accelerator Finalists Announced

by Fred Pennic 09/27/2021 Leave a Comment

AWS Healthcare Accelerator Launches Digital Health Startups

What You Should Know: - Amazon Web Services (AWS), today announced the ten finalists and participants for the first ever AWS Healthcare Accelerator.  The ten companies were selected from 427 applications from 31 countries around the world by a panel from Amazon Web Services (AWS) and KidsX.  The AWS Healthcare Accelerator is a four-week technical, business, and mentorship accelerator opportunity open to U.S.-based healthcare startups or international healthcare startups that have
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TRIPP Launches First Augmented Reality Experience On 5G-Powered Glasses

by Fred Pennic 09/27/2021 Leave a Comment

TRIPP Launches First Augmented Reality Experience On 5G-Powered Glasses

What You Should Know: - TRIPP, a Los Angeles, CA-based XR wellness and digital psychedelic platform, today announced its continued expansion beyond virtual reality into augmented reality (AR), launching on Nreal’s mixed reality glasses in Japan, Korea, Hong Kong, Germany and Spain. TRIPP was also selected as one of six companies to join T-Mobile’s Wellness Accelerator Program, working directly with technologists and business leaders at T-Mobile to build other 5G-powered experiences that
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Matternet Launches World’s First City-Wide Medical Drone Delivery Network in Abu Dhabi

by Fred Pennic 09/22/2021 Leave a Comment

Matternet Launches World's First City-Wide Medical Drone Delivery Network in Abu Dhabi

What You Should Know: - Today, Matternet announced the launch of the world's first city-wide drone delivery network for the rapid transport of medical goods in Abu Dhabi, in collaboration with the Abu Dhabi Department of Health (DoH) and logistics company Skygo. The network will significantly increase the connectivity of the Emirate’s health ecosystem and position it as a global leader in advanced air mobility. The DoH shared news of the project yesterday (press release).  - To bring
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Pearl Health Raises $18M to Support Independent Primary Care Physicians

by Fred Pennic 09/22/2021 Leave a Comment

Pearl Health Raises $18M to Support Independent Primary Care Physicians

What You Should Know: - Pearl Health, a New York City-based primary care physicians (PCP) group today announced it has raised $18M in Series A funding led by a16z, with AlleyCorp and Kevin Ryan participating.  - Co-founded by Dr. Jeffrey De Flavio (founder of Groups: Recover Together), Michael Kopko (Oscar Health, Bridgewater Associates) and Ankit Patel (CMS Innovation Center, Clover Health), Pearl offers PCPs a fixed per-member-per-month payment for each Traditional Medicare member
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Unite Us Acquires NowPow’s Personalized Community Referral Platform

by Fred Pennic 09/21/2021 Leave a Comment

Unite Us Acquires NowPow's Personalized Community Referral Platform

What You Should Know: - Unite Us, a New York City-based technology company connecting health and social care services, today announced the acquisition of NowPow, the Chicago-based referral platform grounded in science and community. - This combination will create the nation’s leading integrated health and social care network connecting people to the resources they need -- from food and housing assistance to counseling, caregiver support and more.  Together, the combined company helps
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Pager Secures $70M to Expand Virtual Care Navigation & Journey Platform

by Fred Pennic 09/21/2021 Leave a Comment

Pager Secures $70M to Expand Virtual Care Navigation & Journey Platform

What You Should Know: - Pager, a New York City-based virtual care navigation and collaboration platform, today announced it has raised $70 million as part of an equity and debt financing round led by Susquehanna Private Equity Investments and included new and existing financial and strategic investors, including an affiliate of Horizon Healthcare Services, Inc., New Jersey’s largest health insurer. The new capital brings the total to more than $120 million after a year of explosive growth
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Xealth Secures $24M to Scale Digital Prescription Platform

by Fred Pennic 09/21/2021 Leave a Comment

Xealth Secures $24M to Scale Digital Prescription Platform

What You Should Know: - Xealth, a Seattle-based provider enabling digital health at scale, today announced that the company has secured $24 million in Series B funding led by Advocate Aurora Enterprises, a subsidiary of Advocate Aurora Health. Seven additional health systems – Banner Health, ChristianaCare, Cone Health, Memorial Hermann, Nebraska Medicine, Novant Health and Stanford Health Care – join existing health system investors Atrium Health, Cleveland Clinic, Froedtert & MCW Health
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