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Fred Pennic, Editor-in Chief | HIT Consultant

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

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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Lyft Offers Free or Discounted Rides to COVID-19 Vaccination Sites

by Fred Pennic 05/24/2021 Leave a Comment

Lyft Offers Free or Discounted Rides to COVID-19 Vaccination Sites

What You Should Know: - Starting today, anyone going to get their COVID-19 vaccine can get access to a free or discounted Lyft ride. - The Lyft initiative in partnership with the White House supports Biden Administration’s goal of getting at least one shot in the arms of 70% of U.S. adults by July 4.   - By May 24, riders will be able to get their ride code directly through the Lyft app or website. After providing a few details, users will receive a code they can apply to
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What the Shift to 5G Will Mean for Healthcare Cybersecurity

by Matthew Doyle, COO & Head of Investor Relations, Chicago Pacific Founders 05/24/2021 Leave a Comment

What the Shift to 5G Will Mean for Healthcare Cybersecurity

5G has spent years hovering on the horizon, its industry-revolutionizing potential waiting just out of reach for healthcare providers and consumers. But now, the wait is (almost) over -- and for some, it already is. Mobile 5G began to make limited appearances in major cities across the country in the latter half of 2019. Those limits won’t be in place for long; however, a more comprehensive rollout is expected to sweep through the nation this year.  5G’s entry onto the scene has the
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Amalgam Rx Acquires Geetha’s Conversational AI Assets to Drive AI-Based Behavioral and Clinical Interventions

by Fred Pennic 05/21/2021 Leave a Comment

Amalgam Rx Acquires Geetha’s Conversational AI Assets to Drive AI-Based Behavioral and Clinical Interventions

What You Should Know: - Amalgam Rx, Inc., the leader in connecting healthcare providers and life sciences companies through a SaaS-enabled digital marketplace and product platform has acquired the assets of Geetha, LLC, an adaptive, conversational AI company. Financial details of the acquisition were not disclosed. - The acquisition bolsters Amalgam’s data science assets, which already include more than 6 billion longitudinal data points on millions of patients cared for across Amalgam’s
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AMN Healthcare Acquires Virtual Care Platform Synzi for $42.5M in Cash

by Fred Pennic 05/21/2021 Leave a Comment

AMN Healthcare Acquires Virtual Care Platform for $42.5M in Cash

What You Should Know: - AMN Healthcare announced it has finalized the acquisition of Synzi, a full-service virtual care management company, for $42.5 million in cash. - Synzi provides virtual care and remote patient monitoring platforms in the home health and outpatient markets. These solutions enable organizations to conduct virtual visits and use secure messaging, text, and email for clinician-to-patient and clinician-to-clinician communications. - Revenue in the second quarter of
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Tegria Acquires Rev Cycle Management Firm Colburn Hill Group – M&A

by Fred Pennic 05/20/2021 Leave a Comment

Tegria Acquires Rev Cycle Management Firm Colburn Hill Group - M&A

What You Should Know: - Tegria today announced it has acquired Colburn Hill Group, a revenue cycle management firm with technologies that have helped healthcare providers tackle some of their most difficult RCM challenges.  Financial details of the acquisition were not disclosed. - A centerpiece of the acquisition is Colburn Hill’s Ops Center RCM platform, which integrates analytics and process automation technology to increase efficiency and eliminate wasteful manual
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JPMorgan Chase Launches Morgan Health to Improve Employer-Sponsored Healthcare

by Fred Pennic 05/20/2021 Leave a Comment

JPMorgan Chase Launches Morgan Health to Improve Employer-Sponsored Healthcare

What You Should Know: - JPMorgan Chase today announced details about Morgan Health, a new business unit focused on improving the quality, efficiency, and equity of employer-sponsored healthcare. - The business unit will invest up to $250M in companies looking to improve employer-sponsored healthcare, pilot new benefits for JPMorgan Chase employees and promote health equity. - The new group will be headquartered in Washington, D.C. and led by Dan Mendelson, CEO of Morgan Health,
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