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Fred Pennic, Editor-in Chief | HIT Consultant

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

UHG’s Optum Acquires Home Health Business LHC Group for $5.4B

by Healthcare M&A Activity 03/30/2022 Leave a Comment

UHG's Optum Acquires Home Health Business LHC Group for $5.4B

What You Should Know: - UnitedHealth Group subsidiary Optum has agreed to acquire LHC Group, a national patient-focused provider of high-quality in-home health care services for $5.4 billion ($170 per share).       - The acquisition will further strengthen their shared ability to advance value-based care, especially in the comfort of a patient’s own home. Extend Value-Based Care into Patients’ Homes The combination of LHC Group with Optum Health, which works
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Invitae Launches Genomics-Forward Digital Health Platform

by Fred Pennic 03/30/2022 Leave a Comment

Invitae Launches Genomics-Forward Digital Health Platform

What You Should Know: - Invitae launches a seamless digital platform to enhance patient and provider experiences and further bring genetics to mainstream medicine. - Offering seamless integrations with EHR solutions, Invitae Digital Health will provide healthcare systems with a customizable suite of tools in a single, intuitive platform. Invitae, a San Francisco, CA, based medical genetics company, announced the launch of Invitae Digital Health—a connected
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LetsGetChecked Acquires Veritas Genetics To Leverage Whole Genome Sequencing

by Fred Pennic 03/29/2022 Leave a Comment

LetsGetChecked Acquires Veritas Genetics To Leverage Whole Genome Sequencing

What You Should Know: - Healthcare solutions company LetsGetChecked, today announced the acquisition of genomics pioneer Veritas Genetics and Veritas Intercontinental. - Through these acquisitions, LetsGetChecked will leverage the power of whole-genome sequencing to launch a full lifecycle of personalized healthcare, delivering the most comprehensive health testing and care solution on the market. LetsGetChecked, a leading healthcare solutions company acquires Veritas Genetics Inc.
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ConcertAI Raises $150M at $1.9 Billion Valuation for RWD Platform

by Fred Pennic 03/29/2022 Leave a Comment

ConcertAI Raises $150M at $1.9 Billion Valuation for RWD Platform

What You Should Know: - ConcertAI, LLC (ConcertAI), the leader in enterprise AI and real-world data (RWD) solutions for life sciences and healthcare, announced the close of its $150M in Series C led by Sixth Street at a $1.9B valuation. - From its startup just five years ago, ConcertAI has emerged as one of the fastest-growing companies providing high-value software-as-a-service (SaaS) and data solutions to life sciences and biopharma companies, leading healthcare providers, contract
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Revenue Cycle Management Company nThrive Rebrands as FinThrive

by Fred Pennic 03/28/2022 Leave a Comment

What You Should Know: - Healthcare revenue cycle management platform provider nThrive today announced it has rebranded, FinThrive™, which will be formally launched through a pending rebrand.  The new name signals the Company’s intention to break the cycle of inefficiency associated with traditional RCM technologies, while designing a modern software approach that empowers stakeholders across healthcare’s financial ecosystem. FinThrive Focus As FinThrive, the company will
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LG Launches LA Business Innovation Center for Medical Environments

by Fred Pennic 03/25/2022 Leave a Comment

LG Launches LA Business Innovation Center for Healthcare Tech

What You Should Know: - LG Business Solutions USA has opened its new Los Angeles Business Innovation Center, the first comprehensive LG technology and education hub to focus on commercial displays and devices designed for medical environments, led by LG’s diagnostic and clinical review monitors, digital X-ray detectors and smart hospital TVs. - The new Los Angeles Business Innovation Center is LG’s third in the United States (the others being in Chicago and Atlanta). They serve as
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Health Plan Invests $100M to Introduce Real-Time Claims Payments for Providers

by Fred Pennic 03/25/2022 Leave a Comment

What You Should Know: - CalOptima will be the first health plan to introduce ‘real-time claims payments’ permanently for providers as part of this historic $100+ million investment in the safety net in Southern California.  - Board also approves $100 million in technology to improve health care delivery and $8 million to launch a Street Medicine Program. CalOptima, a publicly funded health care coverage for low-income children, adults, seniors and people with disabilities in Orange
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RedDress Donates FDA-Cleared Wound Care Solution to Aid Injured Ukrainians

by Fred Pennic 03/24/2022 Leave a Comment

RedDress Donates FDA-Cleared Wound Care Solution to Aid Injured Ukrainians

What You Should Know: - RedDress, a Florida-based Israeli medical company is shipping revolutionary blood-clotting wound care systems to Ukraine to help with serious injuries and severe trauma wounds. - RedDress began shipments of 400 of their ActiGraft systems this week to multiple hospitals in Ukraine to help treat civilian casualties as a result of the indiscriminate Russian attacks. ActiGraft: Recreating the
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COTA Promotes Miruna Sasu to President and CEO

by Digital Health Executive Appointments 03/24/2022 Leave a Comment

COTA Promotes Miruna Sasu to President and CEO

What You Should Know: - COTA, Inc., an oncology real-world data and analytics company, announced today that Miruna Sasu, Ph.D., MBA, has been appointed president and chief executive officer.  - Since April 2021 when she was hired as the company’s chief strategy officer, Miruna has helped spearhead a series of research collaborations focused on investigating racial disparities in cancer care and the drug development process, including partnerships with the University of Chicago
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UK Startup Oliva Raises $6.3M for Workplace Mental Health Platform

by Digital Health Venture Capital 03/24/2022 Leave a Comment

UK Startup Oliva Raises $6.3M for Workplace Mental Health Platform

What You Should Know: - Oliva, a London-based workplace mental health platform announced it has raised $6.3M (£4.84M) in seed funding led by Stride VC, a seed-stage VC firm based in London, along with additional investment provided by Moonfire. - The seed raise marks the largest seed funding for a mental health startup in Europe. Help with Life’s Problems, Work-Related or Not In the UK, poor mental health costs employers
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