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Fred Pennic, Editor-in Chief | HIT Consultant

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

UBC Partners with Seqster to Advance Patient-Centric Clinical Trials

by Fred Pennic 02/03/2022 Leave a Comment

3 Barriers to Decentralized Clinical Trials Adoption

- UBC, late-stage research and patient support services organization partners with Seqster PDM, Inc. ("Seqster"), a patient-centric healthcare technology company, to provide nationwide health record interoperability with patient engagement. - UBC will utilize the technology to enable clinical and observational research to transition from traditional site-based studies to decentralized clinical trials (DCTs). Seqster's turnkey white label solution facilitates the rapid move to a fully
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ConcertoCare Raises $105M for Value-Based At-Home Care for Seniors

by Fred Pennic 02/03/2022 Leave a Comment

ConcertoCare Raises $105M for Value-Based At-Home Care for Seniors

What You Should Know: - ConcertoCare, a value-based care provider of at-home care for seniors and other adults with unmet health and social needs raises $105M in Series B funding led by Wells Fargo Strategic Capital. The round also includes investments from Obvious Ventures, Vast Ventures, The Schusterman Family Foundation, SteelSky Ventures, Pennington Partners, and returning investor Deerfield Management. The funding announcement comes on the heels of ConcertoCare acquiring home-based
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Withings Acquires Health and Fitness App 8Fit to Strengthen Personalized Wellness Capabilities

by Fred Pennic 02/02/2022 Leave a Comment

Withings Acquires Health and Fitness App 8Fit to Strengthen Personalized Wellness Capabilities

What You Should Know: -  Withings, the leader in at-home connected health, today announced the acquisition of 8fit, worldwide health, fitness, and wellness app with more than 40 million downloads. Financial details of the acquisition were not disclosed. - The acquisition is part of a $30M investment Withings is announcing over the next three years in its strategy to combine cutting-edge medical devices with personal health and wellness plans. This news follows last month’s announcement of
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Neura Health Raises $2.2M to Expand Virtual Neurology Clinic

by Fred Pennic 02/02/2022 Leave a Comment

Neura Health Raises $2.2M to Expand Virtual Neurology Clinic

What You Should Know: - Created to close the massive access and quality gap in neurological care, Neura Health announced it has raised $2.2M in seed funding from investors Pear VC (Doordash, Guardant Health), Norwest Venture Partners (Calm, Talkspace), Global Founders Capital, Index Ventures (Figma, Robinhood),  digital health expert Nikhil Krishnan, and Next Play Ventures, the fund of former LinkedIn CEO Jeff
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Magellan Health to Deliver Prescription Medications via Drones

by Fred Pennic 02/01/2022 Leave a Comment

Magellan Health, Zipline Partner to Deliver Prescription Medications via Drones

What You Should Know: - Today Magellan Rx Management, the full-service pharmacy benefits management division of Magellan Health, and Zipline, the global leader in instant logistics, announced their collaboration to deliver prescription medications, including specialty medications that treat chronic, complex conditions, directly to patients’ homes via autonomous aircraft beginning in 2022.  - The collaboration marks Magellan Rx as the first national pharmacy benefits manager (PBM) to
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Jasper Health Raises $25M for Cancer Care Navigation and Experience Platform

by Fred Pennic 02/01/2022 Leave a Comment

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

What You Should Know: - Jasper Health, an NYC-based cancer care coordination and experience platform raise $25M in Series A funding led by General Catalyst. - The round, which was joined by new and existing investors Human Capital, W Health Ventures, Redesign Health, and 7wireVentures, brings Jasper’s total funding to approximately $31 million. End-to-End Oncology Solution 1.8 million people are diagnosed with cancer every year. It’s an emotional and complicated process that no one
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PointClickCare Acquire Audacious Inquiry, Care Coordination Platform

by Fred Pennic 02/01/2022 Leave a Comment

PointClickCare Technologies Acquire Audacious Inquiry, Care Coordination Platform

What You Should Know: – PointClickCare Technologies, a healthcare technology platform enabling meaningful collaboration and access to real-time insights, today announced its intent to acquire care coordination platform Audacious Inquiry. - The combination of PointClickCare and Audacious Inquiry will help accelerate the companies’ mission to address critical gaps in healthcare and enable better care for vulnerable patients. Cloud-Based Solutions Leverage Open APIs and Accredited
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Glooko Acquires German Medical AI Company xbird – M&A

by Fred Pennic 01/31/2022 Leave a Comment

Glooko Acquires German Medical AI Company xbird – M&A

What You Should Know: - Glooko, a provider of remote patient monitoring and digital health solutions for diabetes and other chronic conditions, today announced it has acquired xbird, a German-based health AI company developing JITAI ( Just In Time Adaptive Intervention) technologies to support patients and their providers in predicting behavior and managing diabetes. - The addition of xbird expands Glooko’s advanced analytics capabilities and tools, further broadening Glooko’s platform
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Vynca Secures $30M to Expand Integrated Palliative Care Platform

by Fred Pennic 01/31/2022 Leave a Comment

Vynca Secures $30M to Expand Integrated Palliative Care Platform

What You Should Know: - Vynca, a technology provider addressing the needs of those battling serious illnesses, has raised $30 million in growth capital led by Questa Capital with participation from existing investors including Generator Ventures, First Trust Capital Partners, 4100 Group and OCA Ventures.  - Vynca will use the capital to grow its clinical services organization and expand its technology suite to meet the needs of value-based care programs, in addition to
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What the Crisis-Adoption of Telehealth Can Teach Tech Leaders

by Jessica Sweeney-Platt, VP of Research and Editorial Strategy at athenahealth 01/31/2022 Leave a Comment

What the Crisis-Adoption of Telehealth Can Teach Tech Leaders

The pandemic disrupted many industries, but few experienced the level of change seen in healthcare. During the pandemic, the healthcare industry evolved from slowly adopting technology to implementing new technology strategies virtually overnight to continue patient care, most notably through telehealth. Moreover, during the pandemic, government deregulation helped drive a surge in virtual care, which was especially critical for patients with chronic conditions and at high risk if they were to
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