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Fred Pennic, Editor-in Chief | HIT Consultant

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

Forge Health Secures $11M for Value-Based Behavioral Health Model

by Digital Health Funding 04/07/2022 Leave a Comment

Forge Health Secures $11M to Expand Value-Based Behavioral Health Model

What You Should Know: – Forge Health, a White Plains, NY-based behavioral healthcare provider with a proven, national-payer-validated ability to drive clinical outcomes that span all areas of health, today announced an $11M growth funding round led by HC9 Ventures. - Innovative behavioral health company works with payers and health systems to enable value-based care for mental health and substance use populations. Transforming Addiction and Mental Health Treatment Founded in 2016,
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Viz.ai Raises $100M for Care Coordination Platform at $1.2B Valuation

by Digital Health Funding 04/07/2022 Leave a Comment

Viz.ai Raises $100M for Care Coordination Platform at $1.2B Valuation

What You Should Know: - Viz.ai, a San Francisco-based AI-powered disease detection and care coordination platform raises $1000M in Series D funding led by Tiger Global and Insight Partners. The round also included participation from Scale Ventures, Kleiner Perkins, Threshold, GV (formerly Google Ventures), Sozo Ventures, CRV, and Susa.  - The new funds will be used to support Viz.ai’s significant growth trajectory, expand the Viz Platform to detect
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Epic Selects Lyniate for Integration within Epic Garden Plot Offering

by Fred Pennic 04/06/2022 Leave a Comment

Epic Selects Lyniate for Integration within Epic Garden Plot Offering

What You Should Know: - EHR leader Epic has selected Lyniate, a provider of healthcare data interoperability, for integration within its new Garden Plot Software as a Service (SaaS) model for independent medical groups.  - Garden Plot takes on hosting, support, and ongoing configuration and updates so providers can focus on their patients. Garden Plot Offering Overview Garden Plot is a new offering for independent medical groups that
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IntelyCare Secures $115M for Intelligent Nurse Staffing Platform at $1.1B Valuation

by Fred Pennic 04/06/2022 Leave a Comment

IntelyCare Secures $115M for Intelligent Nurse Staffing Platform at $1.1B Valuation

What You Should Know: – IntelyCare, a leading intelligent workforce management solution for post-acute facilities raises $115M to solve the nationwide nurse shortage. – IntelyCare plans to build on this momentum by using the new funding to expand its footprint to new states and invest heavily in its AI-based platform and data science technology. IntelyCare, a Quincy, MA-based tech-enabled nurse staffing platform for healthcare organizations announced it has secured $115M in a Series C
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Q1 2022 Digital Health Funding Reaches $6B Across 183 Deals

by Fred Pennic 04/05/2022 Leave a Comment

Q1 2022 Digital Health Funding Reaches $6B, Rock Health Reports

What You Should Know: - Rock Health report reveals Q1 2022 digital health funding closed with $6.0B across 183 deals, and an average deal size of $32.8M. - Q1 2022 digital health funding was significantly behind Q4 2021’s $7.3B and the trailing twelve month quarterly average of $7.1B. Digital health funding reached a total of $6B in Q1 2022 across 183 deals, and an average deal size of $32.8M, according to Rock Health, a full-service venture fund
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Clarify Health Secures $150M for Value-Based Payments Platform

by Fred Pennic 04/05/2022 Leave a Comment

Clarify Health Secures $150M for Value-Based Payments Platform

What You Should Know: - Clarify Health, a cloud analytics and value-based payments platform company, announced today that it secured $150 million in Series D financing. SoftBank Vision Fund 2 led the round and was joined by funds and accounts managed by BlackRock and Memorial Hermann Health System, along with existing investors Insight Partners, Spark Capital, KKR, Aspenwood Ventures, Rivas Capital, and Sigmas Group. - This newest round of funding comes on the heels of the
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MemorialCare Taps TytoCare to Offer Virtual Exam Kits for Enhanced Telehealth

by Fred Pennic 04/04/2022 Leave a Comment

COVID-19 Spikes Deaconess Health Adoption of Remote Medical Exams

What You Should Know: - TytoCare, a provider of AI-powered, on-demand, remote medical exams has inked a partnership with MemorialCare, a health system in Orange and Los Angeles Counties, to bring patients diverse telehealth options and allow them to pursue comprehensive primary care options from home. - The integration of the TytoCare solution into MemorialCare’s current telehealth appointments enhances the health system’s ability
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Dental AI Startup VideaHealth Nabs $20M to Expand AI-Based Diagnostics

by Fred Pennic 04/01/2022 Leave a Comment

Dental AI Startup VideaHealth Nabs $20M to Expand AI-Based Diagnostics

What You Should Know: - VideaHealth, a dental diagnostic AI solution raises $20M in Series A funding led by Spark Capital including existing investors Zetta Venture Partners. Pillar VC also contributed to the round, bringing the company to $26.4M to date. - The company will use the financing to expand its groundbreaking AI-based diagnostics capabilities to over 6000 dental practices by the end of 2023. Transforming Dentistry Through AI Today, more than 40% of dental
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Jeenie Raises $9.3M for On-Demand, Medical Interpreter Platform

by Fred Pennic 04/01/2022 Leave a Comment

Jeenie Raises $9.3M for On-Demand, Medical Interpreter Platform

What You Should Know: - Jeenie, an industry-transforming virtual interpreting platform that connects clinicians and patients to live interpreters on-demand raises $9.3M in Series A funding led by Transformation Capital. - Jeenie is a virtual interpreting platform that connects users to a video or audio call with live, qualified interpreters in 300+ languages for on-demand language assistance, 24/7. Jeenie’s interpreters are accessible through the Jeenie platform from any smartphone,
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PE Firm Acquires Intelligent Medical Objects (IMO) for $1.5B+

by Fred Pennic 03/31/2022 Leave a Comment

PE Firm Acquires Intelligent Medical Objects (IMO) for $1.5B+

What You Should Know: - Thomas H. Lee Partners, a premier private equity firm investing in growth companies, announced today that it has entered into an agreement to acquire a majority interest in Intelligent Medical Objects, a healthcare data enablement company and market leader in clinical terminology solutions in a $1.5B + deal. - Founded in 1994, IMO manages more than 5 million clinical terms and maps to all major coding systems. Its suite of software products, which is used by over
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