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Fred Pennic, Editor-in Chief | HIT Consultant

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

Flume Health Secures $30M for Health Plan Administration Platform

by Fred Pennic 03/04/2022 Leave a Comment

Flume Health Secures $30M for Health Plan Administration Platform

What You Should Know: - Flume Health, an NYC-based Health-Plan-as-a-Service platform announced today a $30M round of Series A funding led by Optum Ventures with participation from Cigna Ventures is participating, bringing its total raise to date at $40M. - Flume gives all U.S. health insurers the option to build personalized healthcare plans–what Stripe or Plaid did for digital banking is what Flume is doing for digital health.  Launch Next Generation Health Plans in
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Lynx Launches with $17.5M for API-Connected Healthcare Payments

by Fred Pennic 03/03/2022 Leave a Comment

Lynx Launches with $17.5M for API-Connected Healthcare Payments

What You Should Know: - Lynx, a Boston-based API-connected healthcare payments, banking, and e-commerce platform announced today that it has emerged from stealth with $17.5M in equity financing led by Obvious Ventures and .406 Ventures with participation from Frist Cressey Ventures. Other investors include Winter Street Ventures (an investment subsidiary of Commonwealth Care Alliance), Shields Capital, and Huntington Avenue Ventures. - Lynx’s goal is to introduce modern fintech to
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How Support Automation Enhances Clinical Trial Management

by Fred Pennic 03/03/2022 Leave a Comment

How Support Automation Enhances Clinical Trial Management

The life of a clinical study relies on data from documentation, meetings, emails and calls; all of which can be overwhelming for patients, clinical trial teams and associates. Although mundane, documenting, executing and collecting data is crucial to move a trial from phase to phase. Clinical trial teams face a multitude of competing priorities, from evaluating hundreds of potential patients to maintaining compliance and recording patient progress. No aspect or step can be neglected for a
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Bamboo Health & Bicycle Health Partner to Enhance Telehealth Opioid Use Disorder Treatment

by Fred Pennic 03/02/2022 Leave a Comment

Bamboo Health & Bicycle Health Partner to Enhance Telehealth Opioid Use Disorder Treatment

What You Should Know: - Bamboo Health today announced an expanded partnership with Bicycle Health to enhance care collaboration for treating opioid use disorder (OUD) treatment, ahead of their upcoming participation at ViVE and HIMSS. - Bicycle Health will leverage the company’s Pings™ and Spotlights™ solutions for real-time insights into the emergency department (ED) and acute inpatient care utilization for improved outcomes, as well as to understand the impact of
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Mount Sinai Selects Accenture and Microsoft on Five-Year Transformation Journey to Cloud

by Fred Pennic 03/01/2022 Leave a Comment

Mount Sinai Uses Machine Learning to Improve Postpartum Hemorrhage Risk Prediction

What You Should Know: - Accenture and Microsoft will assist the Mount Sinai Health System (Mount Sinai) with its transition to the cloud to help enable innovation at a much faster pace. - By modernizing its infrastructure, Mount Sinai will be able to reinvest cost-savings and focus on its healthcare mission. The migration to Microsoft Azure could deliver millions in savings Accenture will collaborate with New York City’s largest academic medical system to help devise and securely
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MEDITECH Expands Expanse Ambulatory to Independent and Physician-Owned Practices

by Fred Pennic 03/01/2022 Leave a Comment

MEDITECH Adds Expanse Ambulatory EHR to Independent and Physician-Owned Practices

What You Should Know: - MEDITECH today announced the availability of Expanse Ambulatory in independent and physician-owned practices, without requiring an Expanse EHR in the hospital setting. - The subscription-based solution lives in the cloud, so there is no significant IT footprint required. Expanse Ambulatory’s Practice Management Expanse Ambulatory’s Practice Management solution offers efficient office workflows and intuitive features like drag-and-drop scheduling, automated
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GHX Acquires Syft, AI-Powered Hospital Supply Chain Platform

by Fred Pennic 02/28/2022 Leave a Comment

GHX Acquires Syft, AI-Powered Hospital Supply Chain Platform

What You Should Know: - Today GHX announced its acquisition of Syft, a leading provider of AI-enhanced inventory control and end-to-end supply chain management software and services.  - As a wholly-owned subsidiary of GHX, Syft joins GHX’s value-based care division’s growing portfolio of solutions that help modernize the supply chain. Modernizing Healthcare Supply Chain to Overcome COVID-19 Related Challenges As health systems shift to value-based care as well as overcome
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XRHealth Secures $10M to Expand Virtual Reality Treatment in the Metaverse

by Fred Pennic 02/28/2022 Leave a Comment

XRHealth Launches Virtual Reality Telehealth Clinic in Israel

What You Should Know: - XRHealth, the gateway to the healthcare metaverse,  announced today that they raised $10M in funding to expand virtual healthcare treatment in the Metaverse. The funding was backed by HTC, Bridges Israel impact investment fund, AARP, and crowdfunding on StartEngine.com and existing investors. - XRHealth’s platform is FDA and CE registered and provides an immersive experience for users, transporting them to a virtual world for comprehensive
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Teladoc Health and Amazon Team Up to Launch Teladoc on Alexa

by Fred Pennic 02/28/2022 Leave a Comment

Teladoc Health Launches Chronic Condition Management Solution

What You Should Know: - Whole-person virtual care provider Teladoc Health, today announced a first of its kind experience with Amazon Alexa with the launch of voice-activated general medical virtual care on supported Echo devices. - Customers in the U.S. will now be able to connect with a Teladoc care provider 24/7 from supported Echo devices for general medical needs. First of its Kind Alexa Experience Provides Hands-Free Access at Home to General Medical Care To get started,
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Definitive Healthcare Acquires Analytical Wizards, Healthcare Analytics Platform

by Fred Pennic 02/25/2022 Leave a Comment

Definitive Healthcare Acquires Analytical Wizards, Healthcare Analytics Platform

What You Should Know: - This week, Definite Healthcare announced the acquisition of Analytical Wizards, an advanced analytics company revolutionizing analytics in healthcare by combining our AI/ML-powered technology, domain expertise, and high-touch relationship model. Financial details of the acquisition were not disclosed. - Founded in 2015, Analytical Wizards automates complex analytic models using tools that expedite efficient big data mining using artificial intelligence (AI) and
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