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Fred Pennic, Editor-in Chief | HIT Consultant

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

Monogram Health Raises $160M for Next-Gen Kidney Care Platform

by Fred Pennic 06/08/2021 Leave a Comment

Monogram Health Raises $160M for Next-Gen Kidney Care Platform

What You Should Know: - Monogram Health, a Nashville, TN-based kidney disease benefit management and care delivery company has closed a $160 million Series B funding round led by TPG Capital, the private equity platform of global alternative asset firm TPG. The funding round also includes existing investors Frist Cressey Ventures and Norwest Venture Partners, as well as Humana Inc. and other notable national and regional strategic investors. - Monogram is focused exclusively on managing
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One Medical Acquires Value-Based Primary Care Group Iora Health for $2.1B – Health M&A

by Fred Pennic 06/07/2021 Leave a Comment

One Medical Acquires Value-Based Primary Care Group Iora Health for $2.1B – Health M&A

What You Should Know: - Today, One Medical (NASDAQ: ONEM) announced its intent to acquire Iora Health, a value-based primary care group for serving roughly 38,000 Medicare patients through digital health and 47 in-person medical offices in ten markets across the United States for about $2.1B in stock. - Iora Health’s relationship-driven primary care model focuses on relationships to improve health outcomes and significantly lower costs than the traditional healthcare system.  -
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TailorMed Nabs $20M for Patient Financial Navigation Platform, Backed by Providence Ventures

by Fred Pennic 06/07/2021 Leave a Comment

TailorMed Nabs $20M for Patient Financial Navigation Platform, Backed by Providence Ventures

What You Should Know: - TailorMed Medical Ltd., a New York City-based patient financial navigation technology company, today announced a $20 million investment led by Providence Ventures. The round included new investors UnityPoint Health Ventures, Almeda Ventures, Bridges Israel and Discount Capital with participation from existing investors Accelmed, Sanara Ventures and Triventures. - Founded in 2016, TailorMed is focused on ensuring patients get the care they need in a difficult
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Truepill Launches White-Labeled Virtual Pharmacy Platform

by Fred Pennic 06/04/2021 Leave a Comment

Truepill Launches White-Labeled Virtual Pharmacy Platform

What You Should Know: - Truepill, the digital health platform powering consumer health experiences through diagnostics, telehealth and pharmacy infrastructure, today announced the launch of its Virtual Pharmacy platform. - The new white label led e-commerce pharmacy solution that enables payers, pharmacy benefit managers (PBMs), health systems and other healthcare entities to reimagine a more modern and consumer-centric pharmacy shopping experience. - The service is available in all
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Cigna International Taps Teladoc Health to Expand Telehealth Capabilities in India

by Fred Pennic 06/04/2021 Leave a Comment

Cigna International Taps Teladoc Health to Expand Telehealth Capabilities in India

What You Should Know: - Cigna International today announced a collaboration with Teladoc Health to support populations in India during the current humanitarian crisis through telehealth solutions. - In a coordinated approach, Cigna International Markets and Teladoc Health activated local and global telehealth capabilities in less than 24 hours and brought much needed care to many people who desperately need help from the global community. - Together, both companies delivered an agile
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Carbon Health Acquires CGM-Enabled Virtual Diabetes Platform Steady Health

by Fred Pennic 06/04/2021 Leave a Comment

Carbon Health Acquires CGM-Enabled Virtual Diabetes Platform Steady Health

What You Should Know: - Carbon Health, a technology-enabled healthcare provider, announced the acquisition of Steady Health, a fully integrated diabetes platform that uses data from continuous glucose monitoring (CGM) devices to provide personalized medical care from top endocrinologists. Financial details of the acquisition were not disclosed. - The Steady Health acquisition accelerates Carbon Health’s rollout of an innovative new primary care model, which integrates Carbon Health’s
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Vynca Acquires Virtual Palliative Care Provider ResolutionCare – M&A

by Fred Pennic 06/03/2021 Leave a Comment

Vynca Acquires Virtual Palliative Care Provider ResolutionCare – M&A

What You Should Know: -  Vynca, a national leader in advance care planning, today announced the acquisition of  ResolutionCare, a California-based innovator and provider of home-based palliative care and telemedicine. - With the acquisition of ResolutionCare’s comprehensive board-certified, physician-led palliative care model, Vynca is well-positioned to expand its support services to the seriously ill, which aligns well with its existing advance care planning
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UPMC Spins Out Realyze Intelligence for AI-Based Clinical Intelligence Platform

by Fred Pennic 06/03/2021 Leave a Comment

UPMC Spins Out Realyze Intelligence for AI-Based Clinical Intelligence Platform

What You Should Know: -  UPMC has launched Realyze Intelligence, a company that uses artificial intelligence and natural language processing to identify precise patient populations with chronic diseases and cancer to ensure they receive the most beneficial treatments. - Founded by Gilan El Saadawi, M.D., Ph.D and Aaron Brauser founded in conjunction with UPMC Enterprises, the innovation and commercialization arm of UPMC.  - The U.S. healthcare industry spends
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Ensemble Acquires Digital Patient Communications Platform Odeza – M&A

by Fred Pennic 06/02/2021 Leave a Comment

Ensemble Health Partners Acquires Digital Patient Communications Platform Odeza – M&A

What You Should Know: - Ensemble Health Partners (“Ensemble”), a provider of end-to-end revenue cycle management, announced today it has acquired Odeza, an all-in-one digital consumer communications platform that integrates with leading EHR platforms to unify, simplify and automate patient interactions. Financial details of the acquisition were not disclosed. - The integration of this innovative technology into Ensemble’s proprietary revenue cycle platform, Ensemble IQ, will provide
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Aunt Bertha Secures $27M to Expand Referral Platform for Social Services

by Fred Pennic 06/02/2021 Leave a Comment

Aunt Bertha Secures $27M to Expand Referral Platform for Social Services

What You Should Know: Today, Aunt Bertha, the nation’s leader in closed-loop social care networks and the company behind findhelp.org, announced it has raised an additional $27M in investment funding led by Warburg Pincus, had significant participation from existing investors including Pershing Square Foundation, Techstars Ventures, Noro-Moseley Partners, Digitalis Ventures and The Social Entrepreneurs’ Fund (TSEF). - The financing will enable Aunt Bertha to enhance its
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