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Fred Pennic, Editor-in Chief | HIT Consultant

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

Ultromics Raises $33M for AI-Enabled Echocardiograms to Help Clinicians Diagnose Heart Disease

by Fred Pennic 08/16/2021 Leave a Comment

Ultromics Raises $33M for AI-Enabled Echocardiograms to Help Clinicians Diagnose Heart Disease

What You Should Know: - Today, Ultromics, an Oxford, England-based health-tech startup announced it has raised $33M in Series B funding led by Blue Ventures, the investing arm of Blue Cross Blue Shield, and also includes investment from Optum Ventures, GV, and Oxford Sciences. -  Born at the University of Oxford and built-in partnership with the U.K.’s NHS, Ultromics has developed the first fully automated solution for echocardiography and analysis of global longitudinal strain (GLS).
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Cigna & Fresenius Extend VBC Program to Help More People with Kidney Failure

by Fred Pennic 08/16/2021 Leave a Comment

Fresenius Kidney Care Rolls Out National Data Exchange Network

What You Should Know: - Today, Fresenius Medical Care North America (FMCNA) and Cigna announced an expansion of their value-based care(VBC) program to improve health outcomes and lower the cost of care for those living with kidney failure, or end stage renal disease (ESRD), through at least 2023.  - First launched in 2017 as part of Cigna Collaborative Care, the VBC program will now include additional incentives to support more kidney disease specialists
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Good Health Pass Releases Blueprint for Digital Health Passes to Restore International Travel

by Fred Pennic 08/13/2021 Leave a Comment

Good Health Pass Releases Blueprint for Digital Health Passes to Restore International Travel

What You Should Know: - The Good Health Pass Collaborative announced the release of the Good Health Pass Interoperability Blueprint, a proposed new set of interoperability specifications which, as they are adopted, will allow airlines and governments to verify travelers’ COVID status (proof of vaccination, testing, and recovery), while simultaneously ensuring that core principles – such as privacy, security, user-control, and equity – are protected.   - Over the past six
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Kareo Acquires RPA-Powered Medical Billing Provider PatientlySpeaking

by Fred Pennic 08/12/2021 Leave a Comment

Kareo Sells Managed Billing Services Business to Health Prime International

What You Should Know: - Kareo, a provider of cloud-based clinical and business management software solutions for independent healthcare practices and billing companies, today announced the acquisition of PatientlySpeaking, a process automation technology company for billing companies and medical practices. - Together with Kareo’s intuitive billing platform, PatientlySpeaking provides an integrated data connection for billing companies and medical practices to automate redundant daily tasks
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Butterfly Network, Caption Health Partner on AI-Based Guidance and Diagnostics

by Fred Pennic 08/12/2021 Leave a Comment

Butterfly Network, Caption Health Partner on AI-Based Guidance and Diagnostics

What You Should Know: - Butterfly Networks and Caption Health are partnering to bring life-saving portable AI diagnostic imaging/ultrasound to every medical provider, regardless of their experience. - Butterfly and Caption’s integrated solution will enhance cardiac assessment by improving the ease of image capture and image interpretation in a variety of care settings including the hospital, clinic, and home. This move can lead to faster diagnosis and treatment for patients with cardiac
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HIMSS21 Day 3 Roundup: Sharecare Acquires CareLinx, Verizon Telehealth, Samsung

by Fred Pennic 08/11/2021 Leave a Comment

HIMSS21 Recap

Sharecare Acquires On-Demand Home Health Platform CareLinx for $65M Sharecare today announced that it has closed its acquisition of CareLinx , an on-demand home health platform of tech-enabled care providers from Europ Assistance, one of the largest global assistance companies. Under the terms of the agreement, the acquisition is valued at approximately $65M, consisting of $54.6M in cash and $10.4M in Sharecare common stock. The acquisition marks Sharecare’s 18th acquisition since
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Sharecare Acquires On-Demand Home Health Platform CareLinx for $65M

by Fred Pennic 08/11/2021 Leave a Comment

Sharecare Acquires On-Demand Home Health Platform CareLinx for $65M

What You Should Know: - Sharecare today announced its official entry into the home health market with the acquisition of CareLinx , an on-demand home health platform of tech-enabled care providers from Europ Assistance, one of the largest global assistance companies. Under the terms of the agreement, the acquisition is valued at approximately $65M, consisting of $54.6M in cash and $10.4M in Sharecare common stock. The acquisition marks Sharecare’s 18th acquisition since 2010. - The
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HIMSS21 Day 2 Roundup: CVS Health Virtual Primary Care, M&A Activity, Funding, More

by Fred Pennic 08/10/2021 Leave a Comment

HIMSS21 Recap

Raintree Systems Mourns the Passing of its CEO, Richard Welty Raintree Systems, a software development company that provides value-based solutions for the healthcare industry, announces the passing of the company's Founder and CEO, Richard Welty. Terrence Sims, former Chief Operating Officer and current President of Strategic Growth & Marketing has been appointed Interim CEO.  Mergers & Acquisitions Olive Enters Clearinghouse Market with Acquisition of Healthcare
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Olive Enters Clearinghouse Market with Acquisition of Healthcare IP

by Fred Pennic 08/10/2021 Leave a Comment

Olive Enters Clearinghouse Market with Acquisition of Healthcare IP

What You Should Know: - Olive, a healthcare automation company today announced the acquisition of Healthcare IP, an integrated partner of healthcare provider and payer organizations, advocating data transparency and user experience in the revenue cycle. Financial details of the acquisition were not disclosed. - Healthcare IP is a clearinghouse that has been streamlining payment management since 2013 for top hospitals and health systems across the United States to help manage their
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CVS Health Rolls Out Nationwide Virtual Primary Care Solution

by Fred Pennic 08/10/2021 Leave a Comment

CVS Health Rolls Out Nationwide Virtual Primary Care Solution

What You Should Know: - Aetna, a CVS Health company, today announced the launch of Aetna Virtual Primary Care, which reimagines the primary care experience and makes it easier for people to get the health services they need, anytime, anywhere.  - Aetna Virtual Primary Care is powered by Teladoc Health's longitudinal, physician-led care team model, and complemented by the strength of Aetna's provider network, and CVS Health services. Aetna Virtual Primary Care Solution
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