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Fred Pennic, Editor-in Chief | HIT Consultant

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

Nomad Health Raises $105M to Expand Marketplace Beyond Travel Nurses

by Fred Pennic 06/27/2022 Leave a Comment

Nomad Health Raises $105M to Expand Marketplace Beyond Travel Nurses

What You Should Know: - Nomad Health, a leading digital marketplace for temporary healthcare jobs, today announced the closing of a $105M financing co-led by Adams Street Partners and Icon Ventures. New equity investor HealthQuest Capital committed the largest sum and was joined by existing investors Polaris Partners, .406 Ventures, AlleyCorp, and RRE Ventures, and new debt providers J.P. Morgan and Trinity Capital. This brings Nomad’s total funding to over $200M since its founding in
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TDS Acquires PrescribeWellness from Tabula Rasa HealthCare in $140M Deal

by Healthcare M&A Activity 06/24/2022 Leave a Comment

TDS Acquires PrescribeWellness from Tabula Rasa HealthCare in $140M Deal

What You Should Know: - Transaction Data Systems (TDS), the leader in pharmacy software solutions has acquired PrescribeWellness from Tabula Rasa HealthCare in a deal worth up to $140M. - Further, TDS’s plans to accelerate product innovation will create solutions to further optimize pharmacy workflows, support real-time clinical interventions and expand patient engagement opportunities to clients. Acquisition Benefits for TDS TDS connects community pharmacies through its
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Innovaccer Joins the CARIN Alliance to Advance Interoperability

by Fred Pennic 06/24/2022 Leave a Comment

Innovaccer Joins the CARIN Alliance to Advance Interoperability

What You Should Know: - Today, Innovaccer Inc., the Health Cloud company, announced that it has joined the CARIN Alliance (CARIN), a multisector collaborative working to rapidly advance the consumer-directed exchange of health information to improve the interoperability of healthcare data. - Innovaccer will participate as a member of the multisector alliance to advance healthcare data sharing, enabling consumers, patients, and caregivers easier access to health
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AWS & MATTER Launches Incubator for EMEA Healthcare Startups Entering US Market

by Fred Pennic 06/23/2022 Leave a Comment

AWS & MATTER Launches Incubator for EMEA Healthcare Startups Entering US Market

- Amazon Web Services (AWS) and MATTER, the premier healthcare incubator and innovation hub, announced the launched of a new incubation program called AWS Expand. - The program supports startups entering the US market from Europe, the Middle East, and Africa (EMEA) by providing expert guidance, mentorship, client connections, an extensive network within the healthcare industry, and more. AWS Expand’s First Cohort of 30 EMA Healthcare Startups The dual-track program will prepare Europe,
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Personalize the Healthcare Experience for Improved Outcomes, Happier Patients

by John Nash, Chief Marketing and Strategy Officer at Redpoint Global 06/23/2022 Leave a Comment

Personalize the Healthcare Experience for Improved Outcomes, Happier Patients

A consumer desire for a personalized experience is converging with the healthcare consumerism trend to alter patient expectations for their relationships with caregivers. Wearable devices, IoT data, and healthcare apps that track sleep, diet, and exercise give consumers more insight and control of their overall health, and they increasingly view PCPs and healthcare professionals (HPs) as simply part of an overall healthcare journey. An important part, to be sure, but more like partners pursuing
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SteadyMD Acquires BlocHealth to Enhance Clinician Licensing & Credentialing

by Fred Pennic 06/21/2022 Leave a Comment

What You Should Know: - SteadyMD, a B2B telehealth infrastructure provider that powers high-quality telehealth patient experiences for leaders and innovators in healthcare acquires BlocHealth, a clinician licensing, credentialing, and payer enrollment platform. Financial details of the acquisition were not disclosed. - With the acquisition of BlocHealth, SteadyMD further improves clinical capacity for the entire online healthcare industry by enhancing its licensing and credentialing
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New Hospital-At-Home Study Focuses on Rural Health Deserts

by Fred Pennic 06/21/2022 Leave a Comment

What You Should Know: - Appalachian Regional Healthcare (ARH), based in Lexington, Ky., will use Biofourmis’ virtual care and AI-based predictive analytics technology to support a new Rural Home Hospital program delivering acute hospital-level care inside patients’ homes--including a clinical trial studying this care model in rural areas. - ARH joins Blessing Health System—which is also using Biofourmis’ solution—as one of only two U.S. participants
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Sesame Raises $27M to Expand Its National Healthcare Marketplace

by Fred Pennic 06/17/2022 Leave a Comment

Sesame Raises $27M to Expand Its National Healthcare Marketplace

What You Should Know: Sesame, the only company proven to lower the price of medical care for American consumers raises $27M in Series B financing to expand its national marketplace of high-quality, ultra-affordable medical care for all Americans, whether they are insured or not.  - The round was led by GV (formerly Google Ventures) with participation from TeleSoft Partners and FMZ Ventures, alongside existing investors General Catalyst, Industry Ventures, Coefficient Capital, Giant
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Walgreens Launches New Clinical Trial Business to Address Access & Diversity

by Fred Pennic 06/16/2022 Leave a Comment

The Walgreens-VA Partnership Demonstrates the Benefits of EHRs

What You Should Know: - Walgreens today announced the launch of its clinical trial business to redefine the patient experience and increase access and retention in sponsor-led drug development research. - Walgreens flexible clinical trial model combines the company’s vast foundation of patient insights, partner-enabled health and technology capabilities and in-person and virtual care options to break through barriers to engaging broader and more diverse communities. Patient Recruitment
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Sanofi Taps Yseop to Accelerate Medical Writing and Reporting Processes

by Fred Pennic 06/16/2022 Leave a Comment

Sanofi Taps Yseop to Accelerate Medical Writing and Reporting Processes

What You Should Know: - Yseop, an artificial intelligence (AI) software company and pioneer in Natural Language Processing (NLP), today announced that Sanofi, the global healthcare company, has chosen to scale its natural language generation (NLG) capabilities with Yseop.  - Sanofi will use the platform to accelerate its clinical study submission processes and bring new treatments to patients faster. - Sanofi plans to continue to expand the use of the Yseop
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