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Fred Pennic, Editor-in Chief | HIT Consultant

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

PE Firm Thoma Bravo Acquires Clinical Trial Financial Platform Greenphire – Health M&A

by Fred Pennic 05/26/2021 Leave a Comment

PE Firm Thoma Bravo Acquires Clinical Trial Financial Platform Greenphire – Health M&A

What You Should Know: - Thoma Bravo, a private equity investment firm focused on the software and technology-enabled services sector announced that it has reached an agreement to acquire Greenphire, a financial lifecycle management software for clinical trials, from The Riverside Company. Financial details were not disclosed for the pending transaction. - The acquisition, which is subject to customary regulatory approvals, is expected to close in the second quarter of this year. -
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HCA Healthcare Taps Google Cloud to Create New Health Data Analytics Platform

by Fred Pennic 05/26/2021 Leave a Comment

Google Cloud Expands Intelligent Vaccine Impact Solution to Support Vaccine Equity

What You Should Know: - HCA Healthcare, one of the nation’s leading healthcare providers, is partnering with Google Cloud to help create a secure health data analytics platform. - The partnership will leverage HCA Healthcare’s 32 million annual encounters to identify opportunities to improve clinical care. Note that privacy and security are guiding principles of the partnership, and Google Cloud will not have
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RelayHealth, McKesson Rx Automation, RxCrossroads Unifies Under CoverMyMeds Brand

by Fred Pennic 05/26/2021 Leave a Comment

RelayHealth, McKesson Prescription Automation, CoverMyMeds, and RxCrossroads by McKesson have unified as one business and one team under the CoverMyMeds brand

What You Should Know: - Today, CoverMyMeds announced that RelayHealth, McKesson Prescription Automation, CoverMyMeds, and RxCrossroads by McKesson have unified as one business and one team under the CoverMyMeds brand. - Together, the technology innovation and robust connections to providers, pharmacies, payers, and biopharma provided by RelayHealth and CoverMyMeds; RxCrossroads’ deep therapeutic and drug commercialization expertise; and McKesson Prescription Automation’s
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Grand Rounds Health & Doctor On Demand Acquires Included Health to Support D&I for LGBTQ+ Community – Health M&A

by Fred Pennic 05/26/2021 Leave a Comment

Grand Rounds Health & Doctor On Demand Acquires Included Health

What You Should Know: - Today, Grand Rounds Health and Doctor On Demand announced they acquired Included Health, the first comprehensive healthcare navigation platform for the LGBTQ+ community. Together, they will address LGBTQ+ health challenges and improve outcomes. - The LGBTQ+ community disproportionately experiences discrimination and health-related stigmas. In a national study with over 1,500 LGBTQ+ employees from
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Imprivata Launches First-to-Market Mobile Facial Recognition Solution

by Fred Pennic 05/26/2021 Leave a Comment

The Imprivata Report on the Economic Impact of Inefficient Communications in Healthcare

What You Should Know: - Imprivata®, the digital identity company for healthcare, together with technology partners Aware and IDEMIA, today introduced an innovative mobile facial recognition solution, taking advanced security technology and enhancing and simplifying it for application to unique healthcare requirements. - The solution enables seamless self-enrollment by the prescribers for electronic prescriptions for controlled substances (EPCS). This innovative facial recognition solution
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Iodine Software Acquires Physician Query Platform Artifact Health – Health M&A

by Fred Pennic 05/25/2021 Leave a Comment

Iodine Software Acquires Physician Query Platform Artifact Health – Health M&A

What You Should Know: - Iodine Software, a leading healthcare AI company, today announced it has acquired physician engagement platform company Artifact Health. Financial details of the acquisition were not disclosed. - The acquisition brings together two industry leaders and expands Iodine’s clinical predictions and insights platform beyond clinical documentation improvement (CDI) teams to directly engage physicians through Artifact’s HIPAA-compliant mobile platform. - Artifact
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Noom Secures $540M to Expand Behavioral Change Platform for Healthier Habits

by Fred Pennic 05/25/2021 Leave a Comment

Noom Secures $540M to Expand Behavioral Change Platform for Healthier Habits

What You Should Know: - Noom, a New York City-based digital health platform focused on behavior change, today announced its $540 million Series F funding led by Silver Lake. The round also included participation from new investors Oak HC/FT, Temasek, and Novo Holdings and existing investors Sequoia Capital, RRE, and Samsung Ventures also participated. - The company sits at an interesting intersection of several trends in healthcare: digitally-empowered health consumers; the rise of chronic
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Flume Health Raises $6M to Transform Third-Party Health Plan Administration

by Fred Pennic 05/25/2021 Leave a Comment

Flume Health Raises $6M to Transform Third-Party Health Plan Administration

What You Should Know: - Flume Health, a New York City-based health plan administration platform for the modern fragmented healthcare today announced a $6M Seed II round, bringing its total amount raised to $10M. The Seed II round was led by new investor Crosslink Capital, with participation from new investors Route 66 Ventures and Convene CEO Ryan Simonetti. Existing investors Accomplice, Founder Collective and Primary Venture Partners also participated in the Seed II round, which brings
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Intermountain, UT Health, Rush U Joins PhysIQ’s COVID-19 Digital Biomarker Study

by Fred Pennic 05/25/2021 Leave a Comment

Intermountain, UT Health, Rush U Joins PhysIQ’s COVID-19 Digital Biomarker Study

What You Should Know: - Today,  physIQ announced that three more health systems have joined the NIH-funded DeCODe study to develop an AI-based COVID-19 digital biomarker. Intermountain Healthcare Utah, The University of Texas Health Science Center at Houston (UTHealth) and Rush University Medical Center will serve as recruiting centers and key partners in the Phase II validation stage of this study. - Realization of this biomarker may provide early detection of a
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UPMC Health Plan Launches Virtual Concierge for Amazon Alexa, Google Assistant Devices

by Fred Pennic 05/24/2021 Leave a Comment

UPMC Health Plan Launches Virtual Concierge for Amazon Alexa, Google Assistant Devices

UPMC Voice Assistant Alexa 3 - Fine_Cut_0322 - UPMC Health Plan What You Should Know: - UPMC Health Plan announced today the launch of a Virtual Concierge that will assist commercial plan members with some of their most frequently asked questions related to their benefits and coverage and how to access care and services. - The Virtual Concierge is available 24/7 to provide audible responses and can even send helpful links via messages. - The Virtual Concierge tools directly
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