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Fred Pennic, Editor-in Chief | HIT Consultant

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

Direct Pay Healthcare Marketplace Sesame Nabs $24M to Expand its Nationwide Telehealth Offerings

by Fred Pennic 04/27/2021 Leave a Comment

Direct Pay Healthcare Marketplace Sesame Nabs $24M to Expand its Nationwide Telehealth Offerings

What You Should Know: - Sesame, a New York City-based direct-pay healthcare company, announced that it has raised an additional $24 million, bringing Sesame’s total capital raised to just under $50 million since its founding in 2019. New investments come from Giant Ventures, Industry Ventures and Coefficient Capital, along with existing investors like General Catalyst.  - Founded in 2018, Sesame’s platform connects patients and providers directly, providing clear, affordable prices
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Narrow Margins, Low Patient Volumes Fuel Ongoing Financial Instability for Hospitals

by Fred Pennic 04/27/2021 Leave a Comment

Narrow Margins, Low Patient Volumes Fuel Ongoing Financial Instability for Hospitals

What You Should Know: - Narrow margins, low patient volumes, and high costs fuel ongoing financial instability for U.S. hospitals, health systems, and physician groups, according to two new reports from Kaufman Hall. - U.S. hospitals and health systems saw mixed performance in March, as national COVID-19 metrics plateaued early in the month before climbing steadily again with increased spread of COVID-19 variants, as shown in the latest issue of the National Hospital
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Abbott Launches New AI-Powered Coronary Imaging Platform in Europe

by Fred Pennic 04/27/2021 Leave a Comment

Abbott Launches New Coronary AI-Powered Imaging Platform in Europe

What You Should Know: - Abbott announced that its new imaging platform powered by Ultreon 1.0 Software, is now CE Marked in Europe. This first-of-its-kind imaging software merges optical coherence tomography (OCT) – an imaging tool that provides physicians a comprehensive view inside an artery or blood vessel – with the power of artificial intelligence (AI) for enhanced visualization. - The new Ultreon Software can automatically detect the severity of calcium-based blockages and measure
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TytoCare Launches Telehealth Solution in Italy via Multimed Partnership

by Fred Pennic 04/26/2021 Leave a Comment

TytoCare Launches Telehealth Solution in Italy via Multimed Partnership

What You Should Know: - TytoCare has partnered with Multimed, a leading distribution and commercialization company providing medical devices, surgical instruments, robotics and safety devices, who will exclusively introduce TytoCare to the Italian public healthcare market. - The Italian healthcare system expressed significant demand for TytoCare’s telehealth platform as a solution to help fight the rapid outbreak of COVID-19 that plagued the country at the onset of the pandemic.
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Glytec Raises $21M to Fix Hospital Insulin Management

by Fred Pennic 04/26/2021 Leave a Comment

Glytec Raises $21M to Fix Hospital Insulin Management

What You Should Know: - Glytec announced $21M in funding today from Silicon Valley Bank, Savitr Capital and others to help address the challenge that 90% of hospitals in the U.S. face with insulin management. - Glytec’s insulin management solution, eGMS helps providers track blood glucose data, detect and alert patients in glycemic disarray, provide personalized insulin dosing regimens, and get patients into target blood glucose range
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Accolade Acquires Virtual Primary Care Platform PlushCare for $450M

by Fred Pennic 04/23/2021 Leave a Comment

Accolade Acquires Virtual Primary Care Platform PlushCare for $450M

What You Should Know: - Accolade, Inc. today announced an agreement to acquire PlushCare, a leading provider of virtual primary care and mental health treatment. - Under the terms of the agreement, the purchase price of up to $450 million will consist of $40 million in cash, $340 million in Accolade common stock, and up to an additional $70 million of value payable upon the achievement of defined revenue milestones following the closing.   - The
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Brave Care Lands $10M to Expand Pediatric Primary and Urgent Care Clinics Nationwide

by Fred Pennic 04/23/2021 Leave a Comment

Brave Care Pediatric Primary and Urgent Care Expands Nationally and Raises $10M Series A

What You Should Know: - Brave Care, a Portland, OR-based company providing primary, urgent and remote pediatric to improving healthcare for kids, announced it has raised $10M in Series A funding led by City Light Capital, with participation from AV8, Interplay, Founders Co-op, Refactor, Learn Capital and other value-aligned investors like Gaingels. - Brave Care currently operates two primary and urgent care clinics in Portland, OR and will use the funding to expand its
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Medchart Raises $17M to Simply The Request of Medical Records for Patients, Businesses

by Fred Pennic 04/22/2021 Leave a Comment

Medchart Raises $17M to Expand Medical Record Access for Businesses Transforming medical record access for businesses

What You Should Know: - Medchart, a Dallas-based cloud-based platform powering patient-authorized information for businesses, researchers, and consumer services announced it has raised $17M in seed and Series A funding led by Crosslink Capital and Golden Ventures, with additional funds from Vast Ventures, Union Ventures, iGan Partners, Stanford Law School, and hip hop icon Nas, an original backer. - The company will apply the current investment to accelerate product innovation and hire new
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Current Health Lands $43M to Support Global Expansion of Remote Care Management Platform

by Fred Pennic 04/22/2021 Leave a Comment

Current Health Lands $43M to Support Global Expansion of Remote Care Management Platform

What You Should Know: - Today, Current Health, a Boston-based enterprise remote care management company announced that it has raised $43M in Series B financing. The Series B financing, which comes from top healthcare and pharma VCs, such as NorthPond Ventures and LRV Health, as well as a leading hospital system, OSF Innovation, will help the company grow on a global scale as it aims to serve as mission control for healthcare delivery taking place outside of the hospitals four walls. -
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InterWell Health Raises $46M to Drive Innovation in Value-Based Renal Care

by Fred Pennic 04/22/2021 Leave a Comment

InterWell Health Raises $46M to Drive Innovation in Value-Based Renal Care

What You Should Know: - Interwell Health, the leading physician organization driving innovation in the renal industry, announced the closing of a Series B round of equity funding of over $46 million, expanding Interwell’s investor group of premier, visionary nephrology practices across the country. - Through its network of more than 1,400 nephrologist network participants, and its partnership with Fresenius Medical Care North America (FMCNA), InterWell Health deploys a broad scope of
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