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Fred Pennic, Editor-in Chief | HIT Consultant

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

SonderMind Raises $150M to Expand Tech-Enabled Behavioral Health Platform

by Fred Pennic 07/28/2021 Leave a Comment

SonderMind Raises $150M to Expand Tech-Enabled Behavioral Health Platform

What You Should Know: - SonderMind Inc., a Denver, CO-based provider in improving mental health clinical outcomes and making behavioral health more accessible to all Americans, today announced it has raised $150M in Series C financing co-led by new investors Drive Capital and Premji Invest, with participation from General Catalyst, Partners Group, Smash Ventures, Kickstart, and F-Prime Capital.    - For mental health providers, SonderMind enables clinicians to
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Connie Health Nabs $13M for Tech-Enabled Medicare Navigation Platform

by Fred Pennic 07/28/2021 Leave a Comment

Connie Health Nabs $13M for Tech-Enabled Medicare Navigation Platform

What You Should Know: - Connie Health, a Boston, MA-based tech-enabled consumer Medicare navigation platform helping Americans make more informed health and financial choices has raised $13M in Series A round funding led by Khosla Ventures and Pittango Healthtech. Unlike employment-based health insurance, where people have two or three options, seniors face hundreds of Medicare choices which are delivered at the individual County
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Nym Health Raises $25M to Expand Automated Medical Coding Platform

by Fred Pennic 07/27/2021 Leave a Comment

Revenue Cycle Startup Nym Lands $6M for Autonomous Coding Technology

- Today, Nym Health, a leader in explainable AI and automated medical coding, announced an additional $25M in funding, led by Addition brings the company’s total funding to $47.5M. Addition joins existing investors GV, Dynamic Loop Capital, Tiger Global, Bessemer Venture Partners, and Lightspeed, as well as angel investors Zach Weinberg and Nat Turner. - The new investment will be used to scale product development and accelerate the rapid adoption of Nym's automated medical coding
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M&A: Komodo Health Acquires Breakaway Partners to Improve Patient Access

by Fred Pennic 07/26/2021 Leave a Comment

M&A: Komodo Health Acquires Breakaway Partners to Improve Patient Access

What You Should Know: - Today, Komodo Health announces the acquisition of Breakaway Partners to improve patient access to effective therapies. The acquisition brings together Komodo’s Healthcare Map and software suite with Breakaway Partners’ industry-leading formulary data, policy criteria, and analytics software to create the industry’s first prescription drug access business solution based on a comprehensive, real-time view of real-world outcomes and
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Teladoc Health Integrates Solo platform with Microsoft Teams for Health Systems

by Fred Pennic 07/14/2021 Leave a Comment

Teladoc Health Integrates Solo platform with Microsoft Teams for Health Systems

What You Should Know: - Teladoc Health announced a collaboration with Microsoft in which Teladoc Health’s Solo platform for hospitals and health systems will be integrated into the Microsoft Teams environment to strengthen physician and patient access to best-in-class virtual healthcare. - The combination of communications and workflows in Microsoft Teams with Teladoc Health’s medical-grade whole-person virtual care delivery solutions will simplify
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Notable Launches End-to-End Revenue Cycle Workflow Automation Solution

by Fred Pennic 07/14/2021 Leave a Comment

Notable Launches End-to-End Revenue Cycle Workflow Automation Solution

What You Should Know: - Notable, a San Mateo, CA-based intelligent automation company for healthcare has launched expanded capabilities for comprehensive revenue cycle management (RCM) automation. - Unlike traditional point solutions that only automate siloed parts of the revenue cycle, Notable's intelligent automation platform is the only platform that combines robotic process automation (RPA), artificial intelligence (AI), patient engagement, and no-code configurability to provide the
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VisiQuate Lands $50M to Expand AI-Powered RCM Automation Solution

by Fred Pennic 07/13/2021 Leave a Comment

VisiQuate Lands $50M to Expand AI-Powered RCM Automation Solution

What You Should Know: - VisiQuate, Inc., a Santa Rosa, CA-based provider of advanced analytics and AI-powered automation today announced a new $50 million equity investment from Sixth Street Growth. - Founded in 2009, VisiQuate, Inc.’s user-friendly data management and analytics solutions let virtually anyone in a healthcare organization explore complex data from multiple sources to quickly gain insights and create actionable workflows.   - VisiQuate’s artificial intelligence
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Craneware Completes $400M Acquisition of Sentry Data Systems & Agilum

by Fred Pennic 07/13/2021 Leave a Comment

What You Should Know: - Today Craneware, a provider of automated value cycle solutions to the healthcare industry, announced it has completed its $400 million acquisition of Sentry Data Systems, a 340B pharmacy administrator, and its sister company, Agilum Healthcare Intelligence, a pharmacy and financial analytics company. - With the deal, Craneware will serve nearly 40% of U.S. hospitals and more than 10,000 hospitals, clinics and retail pharmacies. It also complements Craneware’s focus on revenue cycle solutions by adding hospital pharmacy, one of the fastest areas of cost growth in hospitals, with minimal overlap in products and services. - Craneware envisions major opportunities to cross-sell within existing client bases — roughly 1,800 hospitals for Craneware and 550 for Sentry — and huge potential to develop new products and solutions, backed by Sentry and Agilum’s unmatched longitudinal database of more than 147 million de-identified patient records. Based in Edinburgh, Scotland, Craneware operates its U.S. headquarters in Atlanta and also has a development office in Wexford, Pa. Sentry and Agilum are based in Deerfield Beach, Fla.

What You Should Know: - Today Craneware, a provider of automated value cycle solutions to the healthcare industry, announced it has completed its $400 million acquisition of Sentry Data Systems, a 340B pharmacy administrator, and its sister company, Agilum Healthcare Intelligence, a pharmacy and financial analytics company. - With the deal, Craneware will serve nearly 40% of U.S. hospitals and more than 10,000 hospitals, clinics
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HCTec Acquires Talon Healthy IT Services to Expand Managed Services Capabilities

by Fred Pennic 07/12/2021 Leave a Comment

HCTec Acquires Talon Healthy IT Services to Expand Managed Services Capabilities

What You Should Know: -  HCTec, a best-in-class IT services firm serving diverse health systems and healthcare provider organizations, today announced it has completed an acquisition of Talon Healthy IT Services, a managed IT solutions company with service centers in North Carolina and Wisconsin. - The acquisition accelerates HCTec’s growth and expands its managed services capabilities to better serve healthcare providers across the U.S. - Talon Healthy IT Services is a KLAS-rated,
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Ohio Hospital Selects Hicuity Health for Tele-ICU and Telemetry Services

by Fred Pennic 07/09/2021 Leave a Comment

Ohio Hospital Selects Hicuity Health for Tele-ICU and Telemetry Services

What You Should Know: - Knox Community Hospital has selected Hicuity Health to provide both tele-ICU and cardiac telemetry services. Hicuity Health is well-positioned to address the hospital’s multiple care needs and enables the facility to expand access to critical care within the community while also supporting Knox clinical staff as they address the around-the-clock challenges of critical care. - By partnering
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