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Fred Pennic, Editor-in Chief | HIT Consultant

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

Insurtech Helper Bees Acquires In-Home Care Platform healthAlign

by Fred Pennic 05/17/2021 Leave a Comment

Helper Bees Acquires In-Home Care Platform healthAlign to Expand into Medicare Advantage

What You Should Know: - The Helper Bees (THB), an insurtech company creating a better model for home care, today announced the acquisition of healthAlign, a platform, connecting Medicare Advantage health plan members to a full range of of in-home service providers.. Together the two companies will drive aging-in-place innovation by centralizing a full range of in-home services within a single platform; fulfilling through national and local providers, regulated agencies, and
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athenahealth integrates Nuance’s Dragon Medical to Reduce Documentation Time

by Fred Pennic 05/17/2021 Leave a Comment

athenahealth integrates Nuance’s Dragon Medical to Reduce Documentation Time

What You Should Know: - athenahealth and Nuance® Communications announced the integration of Nuance’s cloud-based speech and virtual assistant technology, Dragon® Medical, into the athenaOne® EHR and Mobile App. - 94 percent of clinicians believe speech recognition and virtual assistant technology will improve the ability to document care. Meeting the needs of clinicians everywhere, athenaOne Dictation users can now take advantage of fully
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Mednax Taps R1 for Enterprise Revenue Cycle Management Services

by Fred Pennic 05/17/2021 Leave a Comment

Mednax Taps R1 for Enterprise Revenue Cycle Management Services

What You Should Know: - R1 RCM Inc., a leading provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers, and Mednax, Inc., a national medical group specializing in prenatal, neonatal and pediatric services, have entered into an agreement that will make R1 the primary provider of enterprise revenue cycle management services for Mednax. - The agreement is expected to bolster the overall patient experience and optimize
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Cedar Acquires OODA Health for $425M to Power Healthcare Financial Tech Platform

by Fred Pennic 05/13/2021 Leave a Comment

Cedar Acquires OODA Health for $425M to Transform Healthare Financial Experience

What You Should Know: - Cedar, a healthcare financial technology platform, today announced it has entered into a definitive agreement to acquire OODA Health, a healthcare technology company focused on improving the healthcare administrative experience with payers and providers, for $425M. - By bringing together providers and payers onto one healthcare financial technology platform, Cedar will be the only complete solution to address the full set of challenges consumers face when paying for
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Cue Health Raises $235M to Scale Connected, Molecular Diagnostic System

by Fred Pennic 05/13/2021 Leave a Comment

Cue Health

 What You Should Know: - Cue Health Inc., a health technology company, today announced the closing of a $235 million private financing round. The investment includes participation from new investors Perceptive Advisors, MSD Capital, and Koch Strategic Platforms, a subsidiary of Koch Industries, existing investors Johnson & Johnson Innovation – JJDC, Inc. (JJDC), Decheng Capital, CAVU Ventures, ACME Capital, and others. - In March, the FDA granted Emergency Use Authorization for
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Axtria Secures $150M for AI-Enabled Platform for Life Sciences

by Fred Pennic 05/13/2021 Leave a Comment

Axtria Secures $150M for AI-Enabled Platform for Life Sciences

What You Should Know: -  Bain Capital Tech Opportunities has announced a $150 million growth investment in Axtria, a global cloud software and data analytics provider that helps life sciences businesses bring therapeutics to market faster – which will help Axtria to consolidate its strong position in cloud software and artificial intelligence by rapidly expanding its suite of life sciences-focused SaaS platforms. - With the life sciences and healthcare
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CVS Health Expands Return Ready Vaccine Clinics to Accommodate Small Business & Schools

by Fred Pennic 05/12/2021 Leave a Comment

CVS Health Expands Return Ready Vaccine Clinics to Accommodate Small Business & Schools

What You Should Know: - Today, CVS Health announced that it will expand Return Ready, the company’s comprehensive COVID-19 solution that helps employers and schools return and maintain healthy communities, with scalable vaccine clinics to accommodate smaller workplaces/communities and schools given the Food and Drug Administration (FDA) emergency use authorization of the Pfizer-BioNTech vaccine for adolescents ages 12 to 15. - Small businesses and schools with more than
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Redesign Health Spinout Jasper Health Launches AI-Driven Cancer Care Platform

by Fred Pennic 05/12/2021 Leave a Comment

Redesign Health Spinout Jasper Health Launches AI-Driven Cancer Care Platform

What You Should Know: - Jasper Health launched today as the first end-to-end care experience that navigates, connects, and provides actionable insights throughout the cancer journey for individuals with cancer, their caregivers, and providers. - Jasper combines an easy-to-navigate user interface with leading oncology support to help guide Jasper Members and caregivers through the myriad of challenges that arise post-diagnosis. United by a team of digital health experts, specialized
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FDA Approves First Ortho-K Contact Lens to Manage Myopia

by Fred Pennic 05/12/2021 Leave a Comment

FDA Approves First Ortho-K Contact Lens to Manage Myopia

What You Should Know: - Today, Johnson & Johnson Vision announced that the U.S. Food and Drug Administration (FDA) has approved ACUVUE® Abiliti™ Overnight Therapeutic Lenses, the first and only orthokeratology (ortho-k) contact lens for the management of myopia.   - Myopia, or ‘nearsightedness,’ is a chronic and progressive disease. Research shows that myopia will affect half of the world’s population by 2050,
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DrFirst Raises $50M in Follow-On Equity Investment, Totals $135M

by Fred Pennic 05/12/2021 Leave a Comment

DrFirst Secures $50 Million Follow-on Equity Investment from Sixth Street to cap off $135M total in 2020-21

What You Should Know: - DrFirst, a provider of e-prescribing, price transparency, and medication management solutions, announced today the closing of a $50 million equity investment from Sixth Street Growth, a leading global investment firm. Following Sixth Street’s previous $35 million investment and another $50 million from Goldman Sachs Growth, both in 2020, DrFirst’s investment total over the past year is now $135 million. - The company’s solution is used by nearly 300,000 healthcare
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