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Fred Pennic, Editor-in Chief | HIT Consultant

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

UPMC Spins Out Realyze Intelligence for AI-Based Clinical Intelligence Platform

by Fred Pennic 06/03/2021 Leave a Comment

UPMC Spins Out Realyze Intelligence for AI-Based Clinical Intelligence Platform

What You Should Know: -  UPMC has launched Realyze Intelligence, a company that uses artificial intelligence and natural language processing to identify precise patient populations with chronic diseases and cancer to ensure they receive the most beneficial treatments. - Founded by Gilan El Saadawi, M.D., Ph.D and Aaron Brauser founded in conjunction with UPMC Enterprises, the innovation and commercialization arm of UPMC.  - The U.S. healthcare industry spends
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Ensemble Acquires Digital Patient Communications Platform Odeza – M&A

by Fred Pennic 06/02/2021 Leave a Comment

Ensemble Health Partners Acquires Digital Patient Communications Platform Odeza – M&A

What You Should Know: - Ensemble Health Partners (“Ensemble”), a provider of end-to-end revenue cycle management, announced today it has acquired Odeza, an all-in-one digital consumer communications platform that integrates with leading EHR platforms to unify, simplify and automate patient interactions. Financial details of the acquisition were not disclosed. - The integration of this innovative technology into Ensemble’s proprietary revenue cycle platform, Ensemble IQ, will provide
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Aunt Bertha Secures $27M to Expand Referral Platform for Social Services

by Fred Pennic 06/02/2021 Leave a Comment

Aunt Bertha Secures $27M to Expand Referral Platform for Social Services

What You Should Know: Today, Aunt Bertha, the nation’s leader in closed-loop social care networks and the company behind findhelp.org, announced it has raised an additional $27M in investment funding led by Warburg Pincus, had significant participation from existing investors including Pershing Square Foundation, Techstars Ventures, Noro-Moseley Partners, Digitalis Ventures and The Social Entrepreneurs’ Fund (TSEF). - The financing will enable Aunt Bertha to enhance its
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Thirty Madison Reaches $1B Valuation with $140M Series C Funding

by Fred Pennic 06/02/2021 Leave a Comment

Backed by Johnson & Johnson, Thirty Madison Raises $47M for Direct-to-Consumer Telehealth Brands

What You Should Know: - Thirty Madison, the premier healthcare company for people with chronic conditions, today announced a $140 million Series C round led by new investor HealthQuest Capital. Mousse Partners and Bracket Capital also participated in the funding, along with existing investors Polaris Partners, Johnson & Johnson Innovation - JJDC, Inc., Northzone, Greycroft, and others. Thirty Madison has raised a total of $210 million to date and is now valued at over $1
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Innovaccer and PatientPing Partner for Real-Time Care Coordination

by Fred Pennic 06/01/2021 Leave a Comment

Innovaccer, PatientPing Partner for Real-Time Care Coordination

What You Should Know: - Innovaccer, today announced a strategic partnership with PatientPing, a real-time care coordination platform. - As part of the partnership, Innovaccer will become a reseller of Pings, PatientPing’s real-time notification solution, which will be embedded directly within the Innovaccer Health Cloud. This will enable providers to improve care delivery outcomes, simplify care navigation and throughput, reduce out-of-network utilization, and succeed under value-based
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HHS Launches VC Partnership to Develop Solutions to Prevent Future Pandemics, Public Health Emergencies

by Fred Pennic 06/01/2021 Leave a Comment

HHS Launches EHR Innovations for Improving Hypertension Challenge_HHS Funded Health Care Innovation Award Projects to Watch

What You Should Know: - The U.S. Department of Health and Human Services (HHS) launches a new $50M venture capital partnership with nonprofit organization Global Health Investment Corporation (GHIC) to accelerate development and commercialization of technologies and medical products needed to respond to or prevent public health emergencies, such as pandemics, and other health security threats - Through the BARDA Ventures program, the Biomedical Advanced Research and Development
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Report: State of Black Mental Health Before and After George Floyd’s Death

by Fred Pennic 05/27/2021 Leave a Comment

State of Black Mental Health Before and After George Floyd's Death

What You Should Know: - Hurdle, a Washington D.C.-based digital mental health company, announced the publication of a white paper on Black mental health before and after George Floyd's death. - Co-authored by leading mental health researchers Dr. Harold "Woody" Neighbors, Professor Emeritus, University of Michigan School of Public Health, and Dr. Norma L. Day-Vines, Associate Dean for Diversity and Faculty Development in the School of Education at Johns Hopkins
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PE Firm Frazier Healthcare Partners Closes $1.4B Growth Buyout Fund

by Fred Pennic 05/27/2021 Leave a Comment

PE Firm Frazier Healthcare Partners Closes $1.4B Growth Buyout Fund

What You Should Know: -  Frazier Healthcare Partners, a Seattle-based healthcare private equity firm announced the close of its tenth global buyouts fund and 13th fund across buyouts and life sciences. Investment focus will continue to be middle market provider-based businesses, with virtual health as a major component. The oversubscribed $1.4 billion fund, FHGB X, is significantly larger than FHGB IX, which closed at $780M in 2018. - Frazier, 30 years strong this year,
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Biobeat Launches Wearable Ambulatory Blood Pressure Monitoring Device

by Fred Pennic 05/27/2021 Leave a Comment

Biobeat Launches Wearable Ambulatory Blood Pressure Monitoring Device

What You Should Know: - Biobeat announced the launch of its new wearable and continuous ambulatory blood pressure monitoring (ABPM) device, currently the only cuffless ABPM solution in the world. - As blood (BP) measurement has shown to be crucial in the early detection and prevention of clinical disorders, Biobeat’s cuffless ABPM device can act as a decisive indicator of patient health, tracking patient cardiac data continuously in real-life settings outside of the physician’s office
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Nebula Genomics Launches World’s First Genomic NFT – Blockchain

by Fred Pennic 05/27/2021 Leave a Comment

Nebula Genomics Launches World’s First Genomic NFT – Blockchain

What You Should Know: - Professor George Church, co-founder of Nebula Genomics and Professor of Genetics at Harvard Medical School, will be partnering with GRAMMY-nominated, multi-platinum selling artist, producer, entrepreneur, and philanthropist, Akon and his NFT platform, AkoinNFT, to auction off Professor George Church’s full genome as the world’s first genomic NFT. - The acclaimed singer and face of Akoin Cryptocurrency and its affiliate AkoinNFT, is thrilled to be collaborating on
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