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Fred Pennic, Editor-in Chief | HIT Consultant

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

AppliedVR Lands $29M for VR Platform to Treat Chronic Pain

by Fred Pennic 03/23/2021 Leave a Comment

AppliedVR Lands $29M for VR Platform to Treat Chronic Pain

What You Should Know: - AppliedVR, a Los Angeles, CA-based company advancing the next generation of digital medicine, today announced $29 million in Series A funding, bringing its total funds raised to date to $35 million. The round, which includes key investors F-Prime Capital, JAZZ Venture Partners, Sway Ventures, GSR Ventures, Magnetic Ventures and Cedars-Sinai, will fuel the company’s growth as it pursues full FDA approval over the next year. - Founded in 2015, AppliedVR provides
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Evidation Health Nabs $153M to Expand Virtual Health Programs

by Fred Pennic 03/22/2021 Leave a Comment

Evidation Health Lands $45M to Expand into Virtual Health Market, Appoints Chief Commercial Officer

What You Should Know: - Evidation Health announced it has raised $153 million in Series E funding co-led by OMERS Growth Equity and Kaiser Permanente Group Trust. Existing investors including McKesson Ventures and B Capital also joined. - Founded in 2012, Evidation measures health in everyday life and enables anyone to participate in ground-breaking research and health programs. - Evidation, which works with nine of the 10 largest global biopharma companies, already delivers research
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Komodo Health Secures $220M for Life Sciences Data Platform at $3.3B Valuation

by Fred Pennic 03/22/2021 Leave a Comment

Komodo Health Acquires Cloud-Based Life Sciences Platform Nevis

What You Should Know: - Komodo Health announces $220M Series E investment to advance its enterprise healthcare and life sciences platform. At a $3.3 billion valuation, the investment underscores the company's rapidly growing role as a foundational enterprise technology platform helping to drive digital transformation across the healthcare industry.  - Founded in 2014, Komodo Health’s Healthcare Map™ is the industry’s largest and most complete record of
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Greenway Health Launches Customizable RCM Solution

by Fred Pennic 03/19/2021 Leave a Comment

Greenway Health Launches Customizable RCM Solution

What You Should Know: - Greenway Health announced the launch of its new Greenway Revenue Services offering, GRS Select™, a customizable revenue cycle management (RCM) offering designed to meet the unique, individualized needs of healthcare practices as they rebuild and improve the profitability of their practices a year after the onset of the COVID-19 pandemic. - In contrast to most RCM services, Greenway Revenue Services partners with practices’ current staff to help them improve
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Bright.md Expands Solution to Automate Pre-Visit Workflows

by Fred Pennic 03/18/2021 Leave a Comment

Bright.md Raises $8M to Expand AI-Powered, Asynchronous Virtual Care

What You Should Know: - Bright.md today announced the launch of its expanded solution to automate pre-visit workflows to drive efficiencies in care delivery - Bright.md new three offerings include Navigate, Interview, and Treat. - Navigate: Healthcare systems can now engage their patients and coordinate care delivery through the platform's new offering, Navigate. This product captures the symptoms and chief complaints from patients to instantly route them to the optimal care pathways
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Providence-Backed Tegria Acquires Healthcare IT Consulting Firm Cumberland

by Fred Pennic 03/16/2021 Leave a Comment

Providence-Backed Tegria Acquires Healthcare IT Consulting Firm Cumberland

What You Should Know: - Tegria today announced the acquisition of Cumberland, a leading healthcare IT consulting and services firm for payers and providers. Financial details of the acquisition were not disclosed. - The acquisition accelerates the growth of Tegria, launched by Providence in October 2020 to provide next-generation technologies and services to the healthcare sector. As a result of this transaction, Tegria increases its consulting capabilities for payer organizations while
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Grand Rounds Merges with Doctor on Demand to Create New Virtual Care Company

by Fred Pennic 03/16/2021 Leave a Comment

Grand Rounds Merges with Doctor on Demand to Create New Virtual Care Company

What You Should Know: - Grand Rounds, a leader in healthcare quality and clinical navigation, and Doctor on Demand, the nation’s leading virtual care provider, announced their merger agreement, creating a first-of-its-kind integrated virtual care company. - These two premier platforms will offer a patient and provider experience unmatched elsewhere, providing a full suite of digital and interactive solutions to help people address the $300 billion problem of uncoordinated care in the
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Intel, Samsung Partner on AI-Based Ultrasound Solution for Anesthesia Administration

by Fred Pennic 03/16/2021 Leave a Comment

Intel, Samsung Partner on AI-Based Ultrasound Solution for Anesthesia Administration

What You Should Know: -  Samsung Medison and Intel are collaborating on NerveTrack™, a real-time nerve tracking ultrasound feature that helps anesthesiologists identify nerves in a patient’s arm to help administer anesthesia quickly and accurately. Leveraging the Intel Distribution of OpenVINO toolkit for computer vision and annotation, Samsung Medison’s NerveTrack™ can reduce scanning time by up to 30 percent in an extremely
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Spectrum Health Taps TytoCare to Expand Telehealth Offerings

by Fred Pennic 03/15/2021 Leave a Comment

Spectrum Health Taps TytoCare to Expand Telehealth Offerings

What You Should Know: - Spectrum Health, a not-for-profit, integrated health system based in West Michigan has announced a partnership with TytoCare to expand their telehealth offerings. - The integration of TytoCare into Spectrum Health’s virtual care offering will enhance the health system’s ability to diagnose and treat patients remotely with in-depth, physical examinations during video visits. In an initial pilot with Spectrum Health employees
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Yale New Haven Health Deploys Virtual Clinic for Pediatric Patients with Diabetes

by Fred Pennic 03/15/2021 Leave a Comment

Yale New Haven Health Deploys Virtual Clinic for Pediatric Patients with Diabetes

What You Should Know: - After taking part in proving the clinical benefit of using AI-based decision support tools, as was recently published in Nature Medicine, Yale New Haven Health System and DreaMed Diabetes announced a collaboration that will explore what it would take to adopt such a solution into a real-world health system. - As part of the collaboration, Yale New Haven will utilize DreaMed’s Advisor Pro platform to create a virtual clinic, this real-world evaluation will assess the
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