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Fred Pennic, Editor-in Chief | HIT Consultant

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

Biotech R&D Platform Benchling Closes $100M at $6B Valuation

by Fred Pennic 11/18/2021 Leave a Comment

Benchling Nabs $34.5M to Power Life Sciences R&D Cloud Platform

What You Should Know: Biotech R&D platform Benchling raises $100M at a $6B valuation, co-led by Franklin Templeton and Altimeter Capital to expand product development and global footprint, particularly in EMEA. More than 200,000 scientists at over 600 companies and 7,000 research institutions globally have adopted Benchling's R&D Cloud to make breakthrough discoveries and bring the next generation of medicines, food, and materials to market faster than ever before. The R&D
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EasyHealth Secures $135M to Redesign Medicare Experience

by Fred Pennic 11/18/2021 Leave a Comment

What You Should Know: - Easyhealth raises $135M to redesign Medicare with its end-to-end Medicare experience to help 50 million Medicare members find the best plan and support them through their healthcare journey. EasyHealth, an LA-based company connecting coverage and care with an end-to-end Medicare experience, today announced it has raised $135M in equity and debt funding to further its mission to improve health outcomes for Medicare members by connecting coverage and care. Funding
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aptihealth Raises $50M to Scale Behavioral Health Platform

by Fred Pennic 11/17/2021 Leave a Comment

Aptihealth Raises $50M for Behavioral Health Platform

What You Should Know: - aptihealth raises $50 million in Series B funding to scale higher acuity behavioral healthcare services. - New capital from world-class syndicate will accelerate the growth and expansion of aptihealth's tech-driven, novel care model for outcomes-based behavioral healthcare. aptihealth, a Boston, MA-based tech-driven behavioral health provider built to transform higher acuity care, today announced a $50 million Series B funding round from Takeda Digital
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Home Care Startup MedArrive Raises $25M for Affordable At-Home Care

by Fred Pennic 11/17/2021 Leave a Comment

Bright Health, MedArrive Partner to Deliver Preventative In-Home Care

What You Should Know: - Home care startup MedArrive raises $25M in Series A funding led by Section 32 to accelerate platform buildout, network expansion to bring affordable at-home care to vulnerable populations across the country. - MedArrive enables healthcare payers and providers to seamlessly extend care services into the home, unlocking access to high-quality healthcare for more people at a fraction of the cost. - Since its founding in December 2020, MedArrive has doubled the
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LifePoint Health Launches Health Tech Incubator, 25m Health in Nashville

by Fred Pennic 11/17/2021 Leave a Comment

LifePoint Health Launches Health Tech Incubator in Nashville

What You Should Know: - LifePoint Health launches 25m Health, a Nashville-based Healthtech Venture Studio with 25madison, as part of “LifePoint Forward” Innovation Strategy LifePoint Health has announced a partnership with New York-based venture studio 25madison to launch a first-of-its-kind health tech startup incubator in Nashville. Seeded with a starting investment of $20M and dubbed 25m Health, the incubator will bring together the expertise, network, and access to a large health
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Alexa, Can You Call My Nurse? Amazon to Build Vocera Skill for Alexa

by Fred Pennic 11/17/2021 Leave a Comment

Alexa, Can You Call My Nurse? Amazon to Build Vocera Skill for Alexa

What You Should Know: - Vocera announced a collaboration with Amazon to deliver Vocera skill for Alexa. This HIPAA-compliant solution provides an easy, personal, and direct way for hospitalized patients and aged care residents to connect with their caregivers and more. - Through the hands-free Vocera skill, Alexa clarifies the nature of patient requests, establishes urgency, and updates the patient on the status of the care team’s response in a personalized, conversational manner. Vocera
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H1 Raises $100M to Expand Healthcare Professional Data Network

by Fred Pennic 11/16/2021 Leave a Comment

H1 Raises $100M to Expand Healthcare Professional Data Network

What You Should Know:  - Health tech startup H1 announced that it has raised a $100M Series C round of funding. NY-based H1 plans to invest the funds in the expansion of its data and network, product development and hiring, with a goal to make H1 the core global healthcare network for every  medical professional and organization in the world. The Series C round was led by Altimeter Capital, joined by new investors Goldman Sachs Asset Management and Flex Capital, with
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QGenda Acquires Nurse & Staff Scheduling Platform Schedule360 – M&A

by Fred Pennic 11/16/2021 Leave a Comment

QGenda Acquires Nurse & Staff Scheduling Platform Schedule360

What You Should Know:  - QGenda today announced the acquisition of Schedule360, the provider of cloud-based software to automate nurse and staff scheduling.  - With the addition of nurse and staff scheduling, QGenda will enable healthcare organizations to manage, schedule and optimize the deployment of their entire workforce.  Now, organizations can streamline scheduling processes across the enterprise to better optimize capacity and to improve outcomes through more
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Ribbon Health Raises $43.5M for Healthcare API Data Platform

by Fred Pennic 11/16/2021 Leave a Comment

Backed by Andreessen Horowitz, Ribbon Health Raises $10M for Health Data Platform

What You Should Know:  - Ribbon Health, an API data platform that powers high-quality, cost-effective, and convenient care decisions, announced a $43.5 million Series B investment led by General Catalyst and with participation from new and current investors, including Andreessen Horowitz (a16z), BoxGroup, Rock Health, and Sachin Jain.  - Ribbon plans to use this funding to prioritize team expansion and technology investments to build a best-in-class data platform to simplify
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Lightbeam Health Solutions Acquires RPM Platform CareSignal

by Fred Pennic 11/15/2021 Leave a Comment

Lightbeam Health Solutions Acquires RPM Platform CareSignal

What You Should Know: - Lightbeam Health Solutions, Inc., a provider of end-to-end population health management solutions, announced today the acquisition of CareSignal, the pioneer of Deviceless Remote Patient Monitoring technology. Financial details of the acquisition were not disclosed. - The acquisition enables Lightbeam to integrate scalable, evidence-based remote engagement and monitoring capabilities into its core population health offering, which serves more than 42 million patient
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