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Fred Pennic, Editor-in Chief | HIT Consultant

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

M&A: Microsoft Acquires Nuance for $20B to Accelerate Healthcare Cloud Strategy

by Fred Pennic 04/12/2021 Leave a Comment

M&A: Microsoft Acquires Nuance for $16B to Accelerate Healthcare Cloud Strategy

What You Should Know: - Today, Microsoft Corporation (Nasdaq: MSFT) and Nuance Communications, Inc. (Nasdaq: NUAN) announced they have entered into a definitive agreement under which Microsoft will acquire Nuance for $16B.  Financial terms of the all-cash deal details Microsoft paying $56 per Nuance share, a 23% premium over Friday’s closing price with a total value including debt at $19.7 billion. - Microsoft’s acquisition
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AWS Launches Next Phase of Diagnostic Development Initiative

by Fred Pennic 04/12/2021 Leave a Comment

Amazon Web Services Launches Next Phase of Diagnostic Development Initiative

What You Should Know: - Today, Amazon Web Services (AWS) launched the next phase of Diagnostic Development Initiative and expanded funding scope. - In the first phase of the initiative, AWS has supported 87 organizations to date through this effort ranging from startups, nonprofits, research institutions, and businesses in 17 countries and awarded $8 million in computing credits and customized expertise from AWS Solutions
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Philips, Ibex Medical Analytics Partner on AI-Powered Digital Pathology Adoption

by Fred Pennic 04/08/2021 Leave a Comment

Philips, Ibex Medical Analytics Partner on AI-Powered Digital Pathology Adoption

What You Should Know: - Philips and Ibex Medical Analytics announced a strategic partnership to globally commercialize clinically proven, AI-powered digital pathology solutions. The collaboration further cements Philips’ commitment to integrated diagnostics providing a clear path to precision diagnosis. - The trend towards centralized pathology labs, the global shortage of trained pathologists, and increasing demands on histopathology posed by the growing number of cancer
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Carta Healthcare Raises $17.3M for AI-Assisted Data Abstraction

by Fred Pennic 04/08/2021 Leave a Comment

Carta Healthcare Raises $17.3M for AI-Assisted Data Abstraction

What You Should Know: - Carta Healthcare, a provider of AI-powered clinical data abstraction technology and services, is pleased to announce a recent $17.3M Series A investment led by Storm Ventures. AI Digital Innovation Fund (affiliated with Mass General Brigham), CU Health Innovation Fund (affiliated with University of Colorado Anschutz Medical Campus), Asset Management Ventures, Maverick Ventures, Healthy Ventures, Waterline Ventures, Seven Peaks Ventures, Katalyst Ventures, and Atypical
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Kaiser Names Diane Come New Chief Technology Officer

by Fred Pennic 04/07/2021 Leave a Comment

Kaiser Names Diane Come New Chief Technology Officer

What You Should Know: - Kaiser Permanente announced today that Diane Comer has been named the new chief information technology officer. - In this role, she will lead Kaiser Permanente’s focus on developing and delivering innovative, strategic initiatives that improve the employee and consumer experience, and on continuing the organization’s efforts to deliver advanced, digitally-enabled tools to transform health care. - Comer, who has served as interim chief information officer since
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Firefly Health Raises $40M to Expand Virtual Primary Care Platform

by Fred Pennic 04/07/2021 Leave a Comment

Firefly Health Raises $40M to Expand Virtual Primary Care Platform

What You Should Know: - Firefly Health, a virtual-first healthcare company with a mission of delivering half-priced healthcare that’s twice as good, has announced that it has recently closed $40M in Series B financing, led by Andreesen Horowitz (a16z). a16z General Partner Julie Yoo will also join the Firefly Health board. - Led by former athenahealth CEO Jonathan Bush, Firefly cracks the primary care code through supreme convenience, proactive support, and intelligent navigation. Every
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MEDITECH, WELL Health Partner to Enhance Digital Patient Engagement

by Fred Pennic 04/07/2021 Leave a Comment

MEDITECH, WELL Health Partner to Enhance Digital Patient Engagement

What You Should Know: - MEDITECH recently announced Expanse Patient Connect, powered by WELL Health, a contemporary, mobile solution enabling bidirectional, communication between healthcare organizations and their patients. Available through the MEDITECH Cloud Platform, the solution leverages WELL Health’s automated patient interaction functionality to improve provider efficiency and keep patients and their families connected to their care in the most convenient way
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Digital Companion App Empathy Raises $13M to Help Families Deal with Death

by Fred Pennic 04/06/2021 Leave a Comment

Digital Companion App Empathy Raises $13M to Help Families Deal with Death

What You Should Know: - Today, Empathy, a digital companion app combining technology and human support to empower bereaved families, is coming out of stealth with $13M in seed funding, backed by major VC firms including General Catalyst and Aleph.  - Empathy’s technology streamlines the bureaucracy around loss - freeing families to deal with emotional repercussions and to be there for one another. Launched in 2021 and headquartered in New York and Tel Aviv, Empathy was founded by Ron Gura
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Inbox Health Raises $15M for Intelligent Patient Billing Engagement Platform

by Fred Pennic 04/05/2021 Leave a Comment

Inbox Health Raises $15M for Intelligent Patient Billing Engagement Platform

What You Should Know: - Inbox Health, the platform modernizing patient payments announced it has raised $15M in Series A funding led by Commerce Ventures with participation from new and existing investors, including venture firms Vertical Venture Partners, Healthy Ventures, Collaborative Fund, Fairview Capital, CT Innovations, and I2BF Global Ventures, as well as several industry leading individuals including Bill Clerico, Co-Founder and Former CEO of WePay. - The company plans to utilize
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Could ‘Hospitals Without Walls’ Be the New Normal for Telehealth and Remote Patient Monitoring?

by Fred Pennic 04/02/2021 Leave a Comment

75% of Americans Lack Access or Unaware of Telehealth Options, Survey Finds

The statistics surrounding the COVID-19 pandemic continue to be startling, despite the ever-growing mental and physical fatigue that we’ve all experienced living through this frightening, intimidating and unprecedented era. More than 125 million cases worldwide have resulted in a death toll closing in on three million, while in the United States alone, 30 million reported infections have resulted in a death toll that reached 550,000. (1) One thing that can be said for certain about
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