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Fred Pennic, Editor-in Chief | HIT Consultant

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

Rippl Launches with $35M to Transform Mental Health for Seniors

by Fred Pennic 09/28/2022 Leave a Comment

Rippl Launches with $35M to Transform Mental Healthcare for Seniors

What You Should Know: - Rippl, a new mental health startup focused on caring for seniors with dementia and other neurocognitive conditions, launched today with $32M in seed round funding led by ARCH Venture Partners and General Catalyst. The round also includes investment from GV, F-Prime Capital, and Mass General Brigham Ventures. - Rippl will use its seed funding to hire and train a team of clinicians, build technology, and open a Washington state-based clinical support center to launch
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Fitbit & Google Cloud Launches Device Connect for Fitbit

by Fred Pennic 09/27/2022 Leave a Comment

Fitbit & Google Cloud Launches Device Connect for Fitbit

What You Should Know: - Today, Fitbit Health Solutions and Google Cloud are introducing Device Connect for Fitbit, which empowers healthcare and life sciences enterprises with accelerated analytics and insights to help people live healthier lives. - Fitbit data from their consenting users is made available through the Fitbit Web API, providing users with control over what data they choose to share and ensuring secure data storage and protection. Unlocking
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Maryland Passes Legislation for HIE to Operate as State Health Data Utility

by Fred Pennic 09/27/2022 Leave a Comment

Maryland Passes Legislation for HIE to Operate as State Health Data Utility

What You Should Know: - Maryland State Legislature has passed inaugural legislation, mandating the state-designated health information exchange (HIE), CRISP, to operate as the state-designated health data utility (HDU) beginning Oct. 1. - Effective October 1, 2022, state law will require the state-designated HIE to provide data in real-time to individuals and organizations involved in the treatment and care coordination of patients and to public health officials to support public
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Optellum Raises $14M for AI-Enabled Lung Cancer Diagnosis

by Fred Pennic 09/27/2022 Leave a Comment

Optellum Raises $14M for AI-Enabled Lung Cancer Diagnosis

What You Should Know: - Optellum, an Oxford-based digital health company that provides a breakthrough AI platform to diagnose and treat early-stage lung cancer raises $14M in Series A funding led by Mercia, with additional investors Intuitive Ventures and Black Opal Ventures. Existing investors, including St John's College in the University of Oxford, IQ Capital, and the family office of Sir Martin & Lady Audrey Wood, also participated in this round. - The investment will enable
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Tavros Therapeutics Raises $7.5M to Develop Targeted Cancer Therapies

by Fred Pennic 09/27/2022 Leave a Comment

Tavros Therapeutics Raises $7.5M to Develop Targeted Cancer Therapies

What You Should Know: - Tavros Therapeutics, a precision oncology platform company leading the new frontier of targeted therapies exploiting tumors’ genetic vulnerabilities raises $7.5 million in Seed II financing co-led by existing investor Piedmont Capital Investments and new investor KdT Ventures, with participation from Alexandria Venture Investments. - Tavros launched in 2020 with a $3 million seed financing by Piedmont Capital Investments and a strategic collaboration with Zentalis
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AGS Health Launches AI-Powered Revenue Cycle Platform

by Fred Pennic 09/26/2022 Leave a Comment

AGS Health Launches AI-Powered Revenue Cycle Platform

What You Should Know: - AGS Health, a revenue cycle management (RCM) solutions provider and strategic growth partner to some of the largest healthcare systems in the U.S., announces the launch of the AGS AI Platform, a connected solution that blends artificial intelligence (AI) and automation with award-winning human-in-the-loop services and expert support to maximize revenue cycle performance. - The platform allows healthcare organizations to gain enhanced visibility into day-to-day
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Memorial Sloan Kettering Cancer Center Launches Telemedicine Platform

by Fred Pennic 09/26/2022 Leave a Comment

Memorial Sloan Kettering Cancer Center Launches Telemedicine Platform

What You Should Know: - Today, Memorial Sloan Kettering Cancer Center (MSK) announced it has collaborated with Accenture and Microsoft over the last 12 months to help develop and refine MSK Telemedicine. MSK Telemedicine was created to provide patients access to care during the COVID-19 pandemic and into the future, allows MSK patients and families to virtually interact with their entire care team, seamlessly replicating an in-clinic visit. - With the combined resources of Accenture,
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Kaufman Hall Acquires Claro Healthcare

by Fred Pennic 09/23/2022 Leave a Comment

Kaufman Hall Acquires Claro Healthcare

What You Should Know: - Kaufman, Hall & Associates, LLC (Kaufman Hall) has entered into a definitive agreement to acquire healthcare management consulting firm Claro Healthcare. - Claro Healthcare is the leading clinical documentation, hospital operations, and mid-revenue cycle improvement platform, blending technology, professional services, and domain expertise to deliver significant return on investment to providers across financial, quality, and compliance metrics. -
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AWS Distributes $14M to 90 Organizations Through Health Equity Initiative

by Fred Pennic 09/23/2022 Leave a Comment

AWS Distributes $14M to 90 Organizations Through Health Equity Initiative

What You Should Know: - Amazon Web Services (AWS) announced that it has awarded $14 million in cloud services and technical expertise to help nearly 90 organizations around the world, ranging from startups and nonprofits to large enterprises, to address health equity challenges through the Health Equity Initiative. - AWS also introduced a new pillar of the program today to improve global equity in access to diagnostics. As non-communicable medical conditions account for 70 percent of
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Bicycle Health Nabs $5M to Scale Its Virtual Opioid Use  Disorder Treatment

by Fred Pennic 09/22/2022 Leave a Comment

Bicycle Health Secures $50M for Virtual Opioid Use Disorder Treatment

What You Should Know: - Bicycle Health, a Boston, MA-based provider of virtual opioid addiction treatment secures $5M from Cobalt Ventures to further accelerate the expansion of its telehealth opioid use disorder (OUD) treatment. - The additional capital extends Bicycle Health’s Series B venture capital financing, bringing the company’s total funding to date to $83M. Evidence-based, online suboxone treatment for opioid addiction Founded in 2017, Bicycle
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