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Fred Pennic, Editor-in Chief | HIT Consultant

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

Cityblock Health Names Co-Founder Dr. Toyin Ajayi as CEO

by Digital Health Executive Appointments 03/22/2022 Leave a Comment

Cityblock Health Names Co-Founder Dr. Toyin Ajayi as CEO

What You Should Know: - Cityblock Health, a value-based healthcare provider for Medicaid, dually-eligible and lower-income Medicare beneficiaries appoints co-founder Dr. Toyin Ajayi to CEO. Co-founder Iyah Romm is stepping down as CEO but will continue serving as a member of the board. - Dr. Ajayi most recently served as president, where she oversaw the company's growth and clinical model. As CEO, Toyin will help lead the next stage of Cityblock’s growth and further its vision of an
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ClearDATA Launches Health Tech Acceleration Program

by Fred Pennic 03/22/2022 Leave a Comment

ClearDATA Unveils CaaS Solution to Securely Host Apps with Patient Health Info

What You Should Know:   - ClearDATA®, healthcare’s largest managed cloud and security provider, today announced the launch of the HealthTech Acceleration Program, a new suite of incentives for Healthcare Information Technology (HCIT) organizations designed to speed their time to market, boost ROI—faster—and decrease barriers to scale.  - Providing participants with financial and services incentives and marketing support, as well as programmatic support in the form of HITRUST
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Fresenius Health Partners, InterWell Health, and Cricket Health Announce $2.4B Merger

by Fred Pennic 03/21/2022 Leave a Comment

Three-Way Merger Creates New Leader in Value-Based Kidney Care

What You Should Know: - Cricket Health is announcing today that it will merge with Fresenius Health Partners (the value-based care arm of Fresenius), and InterWell Health, to form the nation’s premier, value-based kidney care provider with a totally new model of addressing kidney disease. The new company will operate under the InterWell Health brand and is valued at $2.4B. - Together, Fresenius Health Partners, InterWell Health, and Cricket Health will drive innovation and industry
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TimeDoc Health Secures $48.5M to Scale Virtual Care Management Platform

by Fred Pennic 03/21/2022 Leave a Comment

TimeDoc Health Secures $48.5M to Scale Virtual Care Management Platform

What You Should Know: - TimeDoc Health, a Chicago-based provider of virtual care management activation, today announced it has closed a $48.5M Series B round led by Aldrich Capital Partners. - Founded in 2015, TimeDoc Health partners with PCPs and healthcare organizations to automate record-keeping for clinician/patient interactions (in-person and virtual), sending the reports to CMS for reimbursement.  - During the pandemic, the company has been instrumental in helping providers
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Recora Raises $20M for Virtual Cardiac Recovery Platform

by Digital Health Funding 03/21/2022 Leave a Comment

Recora Raises $20M for Virtual Cardiac Recovery Platform

What You Should Know: - Recora today emerged from stealth to announce $20M in Series A funding led by SignalFire with participation from Valor Equity Partners and existing investor Pear VC. - In addition, the company while also unveiled its Cardiac Recovery Program for health systems, medical groups and health plans. Redefining the Future of Heart Health Recora is redesigning heart health, beginning with cardiac recovery. Cardiac rehabilitation is indicated
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Teladoc Health Launches Virtual Care Transformation Model for Employers

by Fred Pennic 03/21/2022 Leave a Comment

Teladoc Health Launches Virtual Care Transformation Model for Employers

What You Should Know: - Today Teladoc Health announced a first-of-its-kind Virtual Care Transformation Model for employers. - The model offers a comprehensive roadmap to move virtual care forward based on an organization's resources, priorities and goals.  Virtual Care Transformation Model: Roadmap to Evolve Virtual Healthcare Benefits Recent data shows that 80% of large employers believe virtual care will have a significant effect on how healthcare is delivered
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Nurses Are Beyond Burnout, Suffering From PTSD as Spiraling Work Demands, Report Finds

by Fred Pennic 03/18/2022 Leave a Comment

Physician Burnout Report: Understanding The Impact of Burnout on Healthcare Executives

What You Should Know: - A majority of nurses (56%) report that they’re sacrificing their mental health for the job, reveals survey data from the IntelyCare Research Group. IRG is the research arm of IntelyCare, the largest digital staffing platform for nursing professionals seeking per diem positions.   - The third-party data demonstrates that working conditions during COVID-19 have taken a significant toll on nurses’ mental, physical and emotional well-being and
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Canopy Launches Out of Stealth with $13M for Intelligent Care Platform for Oncology

by Fred Pennic 03/17/2022 Leave a Comment

Canopy Launches Out of Stealth with $13M for Intelligent Care Platform for Oncology

What You Should Know:  - Today,  Canopy announced it is launching out of stealth with $13 million in funding to work with leading oncology practices all over the country to help deliver high-quality care to cancer patients when they aren’t in the doctor’s office. - Canopy works with leading oncology practices nationwide to drive the best possible outcomes for over 50,000 cancer patients. Canopy, a Palo Alto, CA-based Intelligent Care Platform (ICP) for oncology, today
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Day 3 HIMSS Roundup: Glooko Acquires DIABNEXT, GE Healthcare/AliveCor Integration

by HIMSS22 Summary 03/16/2022 Leave a Comment

HIMSS22 Day 2 Roundup: Google Partners with MEDITECH, Microsoft’s Health Cloud Strategy Expansions,

Venture Capital, Private Equity, Mergers & Acquisitions (M&A) Activity Glooko Acquires DIABNEXT® to Expand Diabetes Offerings in France Glooko, a leading provider of remote patient monitoring and data management solutions for diabetes and related chronic conditions, today announced the acquisition of DIABNEXT, a Paris-based company whose digital health platform helps people with diabetes better manage their conditions and connects to their healthcare providers, so they can
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Avive Raises $22M for Connected AED Platform for Out-of-Hospital Cardiac Arrest

by Fred Pennic 03/16/2022 Leave a Comment

Avive Raises $22M for Connected AED Platform for Out-of-Hospital Cardiac Arrest

What You Should Know: Avive Solutions, Inc., developer of an intelligent AED and connected response platform for out-of-hospital cardiac arrest (OHCA) emergencies, today announced that it closed a $22 million Series A round of financing co-led by Questa Capital, Catalyst Health Ventures and repeat investor Laerdal Million Lives Fund. - This funding will be used to advance a new technology-enabled approach for improving OHCA survival rates. Ryan Drant, founder and managing partner of Questa
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