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Fred Pennic, Editor-in Chief | HIT Consultant

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

Oshi Health Secures $23M to Expand Virtual Gastrointestinal Care

by Fred Pennic 10/12/2021 Leave a Comment

Oshi Health Secures $23M to Expand Virtual Gastrointestinal Care

What You Should Know:  - Oshi Health, a virtual specialty care company transforming gastrointestinal (GI) health outcomes and economics, today announced it has secured $23M in Series A funding. The round was co-led by Flare Capital Partners, Bessemer Venture Partners and Frist Cressey Ventures with a strategic investment from CVS Health Ventures.  Takeda Digital Ventures, which has funded the company since its inception, also participated in the round along with several noteworthy health
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Nemours Children’s Selects Innovaccer Health Cloud to Support Value-Based Whole-Person Care

by Fred Pennic 10/12/2021 Leave a Comment

Nemours Children’s Selects Innovaccer Health Cloud to Support Value-Based Whole-Person Care

What You Should Know:  - Innovaccer Inc., the Health Cloud company, announced a partnership with Nemours Children’s Health, one of the nation’s largest clinically integrated pediatric health systems, to create a unified data platform designed to accelerate Nemours’ mission to transform children’s health through a holistic care model. - The partnership will integrate and activate clinical and claims data from across the health system to enable intelligent point-of-care analytics that
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Bamboo Health ACOs Generate $1B+ in Medicare Shared Savings Program

by Fred Pennic 10/12/2021 Leave a Comment

Appriss/Patient Ping Rebrands as Bamboo Health

What You Should Know:  - Following the National Association of Accountable Care Organizations (ACOs) announcement of 2020 data detailing the Medicare Shared Savings Program (MSSP), Medicare's largest alternative payment model, Bamboo Health, formerly Appriss Health and PatientPing, announced its national network of ACOs generated over $1 billion in total shared savings.  - Bamboo Health’s ACO partners succeed under value-based care programs like the MSSP by utilizing their Pings
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Mount Sinai Launches First-Ever Dept. of Artificial Intelligence and Human Health

by Fred Pennic 10/11/2021 Leave a Comment

Mount Sinai Launches First-Ever Dept. of Artificial Intelligence and Human Health

What You Should Know: - The Icahn School of Medicine at Mount Sinai has launched its first-ever department dedicated to advancing artificial intelligence (AI) to transform healthcare. The Department of Artificial Intelligence and Human Health mission is to lead the artificial intelligence-driven transformation of health care through innovative research, apply that knowledge to treatment in hospital and clinical settings, and provide personalized care for each patient, which will expand Mount
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MindMaze Secures $125M to Accelerate Commercialization of Digital Neurotherapeutics Platform

by Fred Pennic 10/07/2021 Leave a Comment

MindMaze Secures $125M to Accelerate Commercialization of Digital Neurotherapeutics Platform

What You Should Know: - MindMaze, a SaaS-based digital neurotherapeutics platform raises $125M led by AlbaCore Capital Group, one of Europe's leading specialist investors focusing on public and private corporate credit markets. MindMaze delivers seamless digital assessments and therapeutics over the full continuum of care in over twenty countries, with thousands of patients suffering from neurological conditions. - MindMaze will use the proceeds to accelerate commercialization of and
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NowRx Launches $73M Equity Crowdfunding Round to Expand Same-Day Prescription Delivery & Telehealth Services

by Fred Pennic 10/07/2021 Leave a Comment

Same-Day Pharmacy Delivery NowRx Raises $20M

What You Should Know: - NowRx, a Mountain View, CA-based provider of same-day prescription delivery and telehealth services, today announced it is raising a $73M in Series C funding through equity crowdfunding platform SeedInvest.  - By leveraging customized robotic dispensing, industry-leading consumer and driver apps, and QuickFill, a proprietary pharmacy management and logistics system, NowRx can offer same-day end-to-end services, from online prescribing to
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Tokyo Startup Bisu Raises $3.2M for ‘Lab-On-A-Chip’ Urine and Saliva Analyzer

by Fred Pennic 10/07/2021 Leave a Comment

Tokyo Startup Bisu Raises $3.2M for 'Lab-On-A-Chip' Urine and Saliva Analyzer

What You Should Know: - Bisu, Inc., a  Tokyo-based digital health startup that helps people improve their health and wellness through lab-grade testing at home, today announced ­$3.2M in seed funding led by Korean biotech investor QUAD, with participation from ASI­CS Ventures Corporation, 15th Rock Ventures, Pacifico Investments, and SOSV. - The funding will enable Bisu to bring to market Bisu Body Coach, a portable "home health lab" for
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Virgin Pulse to Acquire Welltok to Enhance Health Activation: 5 Things to Know

by Fred Pennic 10/07/2021 Leave a Comment

Virgin Pulse to Acquire Welltok to Enhance Health Activation: 5 Things to Know

 Virgin Pulse, a global provider of tech-enabled wellbeing solutions, today announced its intent to acquire Denver-based consumer activation company, Welltok, a leader in data analytics-based targeting and multi-channel outreach solutions. Here are five things to know about the acquisition: 1. The Welltok acquisition will accelerate Virgin Pulse's ability to serve substantially more clients, consumers, patients and members across the full healthcare continuum – employer, health plans
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Teladoc Health Expands Virtual Primary Care to Health Plans

by Fred Pennic 10/06/2021 Leave a Comment

Teladoc Health Expands Virtual Primary Care to Health Plans

What You Should Know: - Teladoc Health today announced it is expanding its virtual primary care service, Primary360 to commercial health plans, employers and other organizations that sponsor healthcare for individuals and families in the United States. Teladoc Health has received a positive initial response to Primary360 in the marketplace and the role it plays in delivering comprehensive, virtual-first benefits. Several Fortune 1000 employers are live today on the new primary care
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Cerner Launches RevElate Patient Accounting for Rev Cycle Portfolio

by Fred Pennic 10/06/2021 Leave a Comment

Cerner Launches RevElate Patient Accounting for RCM Portfolio

What You Should Know: - Today Cerner announced the launch of Cerner RevElate™, the company’s go-forward patient accounting product that will bring new and enhanced capabilities to the Cerner® revenue cycle management portfolio.  - Cerner RevElate is expected to preserve and advance the clinically driven capabilities of Cerner Millennium® while adding scalable, enterprise capabilities of Soarian® Patient Accounting software.
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