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Fred Pennic, Editor-in Chief | HIT Consultant

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

Fathom Receives Strategic Investment for Medical Coding Automation Platform

by Digital Health Funding 04/26/2022 Leave a Comment

Fathom Receives Strategic Investment for Medical Coding Automation Platform

What You Should Know: - Fathom, the first medical coding automation company to receive an investment from a national physician group, Inflect Health the innovation hub of Vituity and one of the largest physician-led provider groups in the United States.  - Fathom will also leverage Vituity’s expertise in the revenue cycle as it refines the Fathom platform to alleviate staffing challenges, reduce denials and mitigate audit risk. Fathom is the only medical coding platform that can fully and
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DiA Imaging Analysis Partners with Intel to Improve Ultrasound Analysis by 40%

by Fred Pennic 04/26/2022 Leave a Comment

DiA Imaging Analysis Partners with Intel to Improve Ultrasound Analysis by 40%

What You Should Know: - DiA Imaging Analysis Ltd, a global provider of AI-powered ultrasound analysis software, has teamed up with Intel to streamline artificial intelligence (AI) solutions used by echocardiography (Echo) labs. - DiA’s AI-based software, LVivo Seamless™, automatically analyzes cardiac ultrasound images using the Intel® Distribution of OpenVINO™ toolkit, to optimize processing time by over 40% percent while maintaining accuracy. Accelerating Processing Times for AI-Based
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Enlyt Health Secures $10M to Expand Healthcare Digital Front Door

by Digital Health Funding 04/26/2022 Leave a Comment

Enlyt Health Secures $10M to Expand Healthcare Digital Front Door

Transform Patient Engagement with a Digital Front Door from Ryan Blachly on Vimeo. What You Should Know: - Enlyt Health, a St. Petersburg, FL-based low code platform for healthcare digital front door raises $10M in Series A funding led by Meritage Partners.  Enlyt Health has several well-known Health Systems already live on the platform providing patients the needed access and tools to better their overall health journey. - Enlyt Health helps organizations build Digital Front Doors
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BCBS of Michigan Launches Joint Venture with Honest Medical Group

by Fred Pennic 04/25/2022 Leave a Comment

BCBS of Michigan Launches Joint Venture with Honest Medical Group

What You Should Know: - Blue Cross Blue Shield of Michigan (BCBSM) today announced a joint venture with Nashville-based Honest Medical Group to offer physicians comprehensive operational, clinical, and financial support for shared accountability Medicare contracts. - The joint venture is the first of its kind for BCBSM and aligns with the organization's continued expansion of Blueprint for Affordability, its member-focused, value-based care and payment
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Mayo Clinic Partners with VUNO to Develop AI-Driven Precision Oncology Solutions

by Fred Pennic 04/22/2022 Leave a Comment

Mayo Clinic Partners with VUNO to Develop AI-Driven Precision Oncology Solutions

What You Should Know: - Mayo Clinic has signed a research agreement with VUNO, a global medical artificial intelligence (AI) company to develop advanced AI-driven precision oncology solutions to deliver precision oncology care. - Through this research agreement, VUNO will establish a collaboration with Mayo Clinic to develop innovative AI and machine learning solutions for more precise diagnosis, prognosis and treatment stratification in cancer. - This collaborative agreement combines
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Reify Health Secures $220M to Support Clinical Trial Diversity at $4.8B Valuation

by Fred Pennic 04/21/2022 Leave a Comment

Reify Health Secures $220M to Support Clinical Trial Diversity

What You Should Know: - Reify Health, a leading provider of solutions that empower the clinical trial ecosystem, announced a $220M Series D funding round dedicated to improving diversity in clinical research. The investment comes less than a year after its Series C and brings the company's valuation to $4.8B.  - The Series C found was co-led by Altimeter Capital and Coatue, joined by Dragoneer Investment Group and existing investors ICONIQ Growth, Adams Street, and Battery
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NexHealth Nabs $125M for End-to-End Patient Experience Platform

by Fred Pennic 04/21/2022 Leave a Comment

NexHealth Nabs $125M for End-to-End Patient Experience Platform

What You Should Know: Today, NexHealth announced its $125M Series C funding, bringing the company’s valuation to $1B for its patient experience platform. - The funding will support the company in advancing its mission to create a more streamlined doctor and patient experience while building the seamless technological infrastructure needed for future health tech entrepreneurs to innovate upon.  NexHealth, a San Francisco, CA-based patient experience management platform
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Seven Bridges, USP, Google Cloud to Build A Brazilian Reference Genome

by Fred Pennic 04/21/2022 Leave a Comment

Golden Valley Memorial Goes Live on MEDITECH Expanse Genomics

What You Should Know: - Seven Bridges, a bioinformatics ecosystem provider, announced it is collaborating with the University of São Paulo (USP) and Google Cloud, as well as the Associação Genomas Brasil (Brazil Genome Association), to assist the DNA do Brasil (DNABr) project in building a reference genome that represents the genetic diversity of the Brazilian population. - The joint effort will advance unbiased precision medicine for underrepresented populations in Brazil through the
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mPharma & TytoCare Integrate to Offer Telehealth to Pharmacies in Africa

by Fred Pennic 04/20/2022 Leave a Comment

mPharma & TytoCare Partner to Offer Telehealth to Pharmacies in Africa

What You Should Know: -  TytoCare, an all-in-one modular device and examination solution for AI-powered, on-demand, remote medical exams partners with mPharma, a technology-driven healthcare company building Africa's largest health management organization with a focus on making medications affordable and accessible to every African.  -The integration of the TytoCare solution into mPharma’s telehealth offerings enables pharmacies to provide patients with enhanced
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Synergy Health Partners Acquires SoCal Anesthesia Solutions, Inc.

by Health M&A 04/20/2022 Leave a Comment

Synergy Health Partners Acquires SoCal Anesthesia Solutions, Inc.

What You Should Know: - Synergy Health Partners, a hospital services company that improves access to patient care through innovative and custom orthopedic and general surgeon staffing programs, today announced the acquisition of SoCal Anesthesia Solutions, Inc. Financial terms of the deal were not disclosed. - Founded in 2019 by Dr. Jay Rindenau, SoCal Anesthesia Solutions is one of southern California's most trusted anesthesiology providers. They currently serve four healthcare
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