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Fred Pennic, Editor-in Chief | HIT Consultant

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

Intelerad Acquires Ambra Health, Forming $1.7B Leader in Cloud PACS and Enterprise Imaging Platform

by Fred Pennic 10/14/2021 Leave a Comment

Intelerad Acquires Ambra Health, Forming $1.7B Leader in Cloud PACS and Enterprise Imaging Platform

What You Should Know:  - Today, Intelerad Medical Systems™, a global leader in medical image management solutions, announced its acquisition of Ambra Health, forming the global leader in cloud PACs and enterprise imaging. The acquisition marks Intelerad’s fourth deal this calendar year, with the transaction valuing the combined company $1.7B. - Ambra powers some of the largest health systems - such as Johns Hopkins Medicine, Memorial Hermann and New York-Presbyterian, as well as
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GHX Acquires Explorer Surgical: Getting Closer to the Patient

by Fred Pennic 10/14/2021 Leave a Comment

GHX Acquires Explorer Surgical: Getting Closer to the Patient

What You Should Know:  - Today, GHX announced it has acquired Chicago-based Explorer Surgical, operator of a comprehensive digital and remote case support platform that connects suppliers with provider teams. Financial details of the acquisition were not disclosed.  - With today’s increased focus on value-based care and reimbursements increasingly being tied to positive patient outcomes, GHX and Explorer Surgical will help enhance collaboration between healthcare providers and
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Lark Health Raises $100M for Digital Care Management & Prevention Platform

by Fred Pennic 10/13/2021 Leave a Comment

Lark Health Raises $100M for Digital Care Management & Prevention Platform

What You Should Know:  - Lark Health, a healthcare technology company aimed at delivering infinitely scalable, virtual chronic and preventative healthcare through conversational AI announced it has raised $100M in Series D funding led by Deerfield Management Company. The funding round also includes crossover fund PFM Health Sciences, as well as returning investors Franklin Templeton, King River Capital, Castlepeak, IPD, Olive Tree Capital, and Marvell Technology cofounder Weili Dai. -
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Backed by a16z, Sprinter Health Raises $33M to Build the “DoorDash for Lab Draws”

by Fred Pennic 10/13/2021 Leave a Comment

Backed by a16z, Sprinter Health Raises $33M to Build the “DoorDash for Lab Draws”

What You Should Know:  - Sprinter Health, an on-demand mobile health company that wants to make getting lab work done, vitals checked or a rapid Covid test as easy as ordering food delivery, today launched with $33 Million in Series A funding led by Andreessen Horowitz (a16z), with participation from General Catalyst, Accel, Google Ventures (GV), and other leading investors.  - The innovative healthcare technology company will use the funds to expand its last-mile healthcare
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Fitbit Awards 6 Researchers $300k to Drive Health Equity

by Fred Pennic 10/13/2021 Leave a Comment

Fitbit Awards 6 Researchers $300k to Drive Health Equity

What You Should Know:  - Fitbit, today announced it has awarded six researchers more than a total of $300,000 in Fitbit devices and services to support their research projects working to address health disparities in communities. Over the past decade, researchers have used Fitbit devices in over 900 health studies, in areas like diabetes, heart disease, oncology, mental health, infectious disease and more. - Additionally, Fitbit’s long-time partner, Fitabase, will provide all projects
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Best Buy Acquires Care-At-Home Platform Current Health – M&A

by Fred Pennic 10/12/2021 Leave a Comment

Current Health Lands $43M to Support Global Expansion of Remote Care Management Platform

What You Should Know: - Best Buy, today announced it has signed an agreement to acquire Boston-based Current Health, an enterprise care-at-home technology platform that brings together remote patient monitoring, telehealth, and patient engagement into a single solution for healthcare organizations. Financial details of the acquisition were not disclosed.  Founded in 2015, Current Health’s enterprise care-at-home platform enables healthcare organizations to deliver high-quality,
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Oshi Health Secures $23M to Expand Virtual Gastrointestinal Care

by Fred Pennic 10/12/2021 Leave a Comment

Oshi Health Secures $23M to Expand Virtual Gastrointestinal Care

What You Should Know:  - Oshi Health, a virtual specialty care company transforming gastrointestinal (GI) health outcomes and economics, today announced it has secured $23M in Series A funding. The round was co-led by Flare Capital Partners, Bessemer Venture Partners and Frist Cressey Ventures with a strategic investment from CVS Health Ventures.  Takeda Digital Ventures, which has funded the company since its inception, also participated in the round along with several noteworthy health
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Nemours Children’s Selects Innovaccer Health Cloud to Support Value-Based Whole-Person Care

by Fred Pennic 10/12/2021 Leave a Comment

Nemours Children’s Selects Innovaccer Health Cloud to Support Value-Based Whole-Person Care

What You Should Know:  - Innovaccer Inc., the Health Cloud company, announced a partnership with Nemours Children’s Health, one of the nation’s largest clinically integrated pediatric health systems, to create a unified data platform designed to accelerate Nemours’ mission to transform children’s health through a holistic care model. - The partnership will integrate and activate clinical and claims data from across the health system to enable intelligent point-of-care analytics that
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Bamboo Health ACOs Generate $1B+ in Medicare Shared Savings Program

by Fred Pennic 10/12/2021 Leave a Comment

Appriss/Patient Ping Rebrands as Bamboo Health

What You Should Know:  - Following the National Association of Accountable Care Organizations (ACOs) announcement of 2020 data detailing the Medicare Shared Savings Program (MSSP), Medicare's largest alternative payment model, Bamboo Health, formerly Appriss Health and PatientPing, announced its national network of ACOs generated over $1 billion in total shared savings.  - Bamboo Health’s ACO partners succeed under value-based care programs like the MSSP by utilizing their Pings
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Mount Sinai Launches First-Ever Dept. of Artificial Intelligence and Human Health

by Fred Pennic 10/11/2021 Leave a Comment

Mount Sinai Launches First-Ever Dept. of Artificial Intelligence and Human Health

What You Should Know: - The Icahn School of Medicine at Mount Sinai has launched its first-ever department dedicated to advancing artificial intelligence (AI) to transform healthcare. The Department of Artificial Intelligence and Human Health mission is to lead the artificial intelligence-driven transformation of health care through innovative research, apply that knowledge to treatment in hospital and clinical settings, and provide personalized care for each patient, which will expand Mount
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