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Fred Pennic, Editor-in Chief | HIT Consultant

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

Oregon House Passes Telemedicine Reimbursement Bill to Promote Safe Access to Care

by Fred Pennic 06/09/2021 Leave a Comment

Behavioral Health Services Fueled Telehealth Adoption During Pandemic, Study Finds

What You Should Know: Today, the Oregon House passed the HB2508A bill of legislation requiring the Oregon Health Authority (OHA) to reimburse health services delivered via telemedicine if specified criteria are met including reimbursing a provider at the same rate for a health service delivered in person or through telemedicine. - The passing of HB 2508A expands coverage of and reimbursement for telemedicine services in Oregon, ultimately promoting equitable and safe access to
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Medable, Aural Analytics Partner to Develop Remote Cancer Digital Solutions

by Fred Pennic 06/09/2021 Leave a Comment

Medable Raises $78M to Expand Decentralized Clinical Trials Platform for Patient-Centered Drug Development

What You Should Know: - Medable announced today that it is now partnering with Aural Analytics to test and develop remote digital data tools and harmonization methods designed to assess the wellbeing of patients undergoing cancer treatment. - The addition of Aural Analytics’ speech biomarkers application improves outcomes data with important speech and language-based information about motor, cognitive, and respiratory function furthering the scope of digital measures which can be captured
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CareDx To Acquire Transplant Hero Medication Management App – M&A

by Fred Pennic 06/08/2021 Leave a Comment

CareDx To Acquire Transplant Hero Medication Management App - M&A

What You Should Know: - CareDx, Inc. (Nasdaq: CDNA), a leading precision medicine company focused on the discovery, development, and commercialization of clinically differentiated, high-value healthcare solutions for transplant patients and caregivers, today announced it has acquired Transplant Hero LLC, a New York-based provider of a mobile app supporting the needs of transplant patients. - The acquisition of Transplant Hero builds on
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Monogram Health Raises $160M for Next-Gen Kidney Care Platform

by Fred Pennic 06/08/2021 Leave a Comment

Monogram Health Raises $160M for Next-Gen Kidney Care Platform

What You Should Know: - Monogram Health, a Nashville, TN-based kidney disease benefit management and care delivery company has closed a $160 million Series B funding round led by TPG Capital, the private equity platform of global alternative asset firm TPG. The funding round also includes existing investors Frist Cressey Ventures and Norwest Venture Partners, as well as Humana Inc. and other notable national and regional strategic investors. - Monogram is focused exclusively on managing
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One Medical Acquires Value-Based Primary Care Group Iora Health for $2.1B – Health M&A

by Fred Pennic 06/07/2021 Leave a Comment

One Medical Acquires Value-Based Primary Care Group Iora Health for $2.1B – Health M&A

What You Should Know: - Today, One Medical (NASDAQ: ONEM) announced its intent to acquire Iora Health, a value-based primary care group for serving roughly 38,000 Medicare patients through digital health and 47 in-person medical offices in ten markets across the United States for about $2.1B in stock. - Iora Health’s relationship-driven primary care model focuses on relationships to improve health outcomes and significantly lower costs than the traditional healthcare system.  -
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TailorMed Nabs $20M for Patient Financial Navigation Platform, Backed by Providence Ventures

by Fred Pennic 06/07/2021 Leave a Comment

TailorMed Nabs $20M for Patient Financial Navigation Platform, Backed by Providence Ventures

What You Should Know: - TailorMed Medical Ltd., a New York City-based patient financial navigation technology company, today announced a $20 million investment led by Providence Ventures. The round included new investors UnityPoint Health Ventures, Almeda Ventures, Bridges Israel and Discount Capital with participation from existing investors Accelmed, Sanara Ventures and Triventures. - Founded in 2016, TailorMed is focused on ensuring patients get the care they need in a difficult
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Truepill Launches White-Labeled Virtual Pharmacy Platform

by Fred Pennic 06/04/2021 Leave a Comment

Truepill Launches White-Labeled Virtual Pharmacy Platform

What You Should Know: - Truepill, the digital health platform powering consumer health experiences through diagnostics, telehealth and pharmacy infrastructure, today announced the launch of its Virtual Pharmacy platform. - The new white label led e-commerce pharmacy solution that enables payers, pharmacy benefit managers (PBMs), health systems and other healthcare entities to reimagine a more modern and consumer-centric pharmacy shopping experience. - The service is available in all
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Cigna International Taps Teladoc Health to Expand Telehealth Capabilities in India

by Fred Pennic 06/04/2021 Leave a Comment

Cigna International Taps Teladoc Health to Expand Telehealth Capabilities in India

What You Should Know: - Cigna International today announced a collaboration with Teladoc Health to support populations in India during the current humanitarian crisis through telehealth solutions. - In a coordinated approach, Cigna International Markets and Teladoc Health activated local and global telehealth capabilities in less than 24 hours and brought much needed care to many people who desperately need help from the global community. - Together, both companies delivered an agile
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Carbon Health Acquires CGM-Enabled Virtual Diabetes Platform Steady Health

by Fred Pennic 06/04/2021 Leave a Comment

Carbon Health Acquires CGM-Enabled Virtual Diabetes Platform Steady Health

What You Should Know: - Carbon Health, a technology-enabled healthcare provider, announced the acquisition of Steady Health, a fully integrated diabetes platform that uses data from continuous glucose monitoring (CGM) devices to provide personalized medical care from top endocrinologists. Financial details of the acquisition were not disclosed. - The Steady Health acquisition accelerates Carbon Health’s rollout of an innovative new primary care model, which integrates Carbon Health’s
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Vynca Acquires Virtual Palliative Care Provider ResolutionCare – M&A

by Fred Pennic 06/03/2021 Leave a Comment

Vynca Acquires Virtual Palliative Care Provider ResolutionCare – M&A

What You Should Know: -  Vynca, a national leader in advance care planning, today announced the acquisition of  ResolutionCare, a California-based innovator and provider of home-based palliative care and telemedicine. - With the acquisition of ResolutionCare’s comprehensive board-certified, physician-led palliative care model, Vynca is well-positioned to expand its support services to the seriously ill, which aligns well with its existing advance care planning
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