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Fred Pennic, Editor-in Chief | HIT Consultant

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

M&A: EverCommerce Acquires Healthcare Communication Platform Updox

by Fred Pennic 12/24/2020 Leave a Comment

EverCommerce Acquires Healthcare Communication Platform Updox

What You Should Know: - Service commerce platform EverCommerce acquires Dublin, OH-based Updox, a healthcare communication platform for in-person and virtual care. -  The acquisition expands EverCommerce’s health services portfolio and enables the companies to further their shared goal of simplifying the business of healthcare and facilitating the growth of healthcare practices. Today, EverCommerce, a leading service commerce platform, completed the acquisition of Updox, a
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AMA Adds 3 Additional CPT Codes for AstraZeneca’s COVID-19 Vaccine

by Fred Pennic 12/24/2020 Leave a Comment

AMA Adds 3 Additional CPT Codes for AstraZeneca's COVID-19 Vaccine

What You Should Know: - The American Medical Association (AMA) announced the addition of three Current Procedural Terminology (CPT) codes for AstraZeneca's COVID-19 vaccine. The American Medical Association (AMA) today announced that the Current Procedural Terminology (CPT®) code set is being updated by the CPT Editorial Panel to include immunization and administration codes that are unique to the COVID-19 vaccine under development by AstraZeneca and University of
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Oscar Raises $140M, Babylon Health, Modern Health, Diameter Health, Curai Health, Others Recent Digital Health Funding

by Fred Pennic 12/23/2020 Leave a Comment

Oscar Health

Oscar Raises $140M, Confidentiality Files for IPO Oscar, the first health insurance company built on a full stack technology platform raises $140M in funding led by Tiger Global Management, LLC, with participation from Dragoneer, Baillie Gifford, Coatue, Founders Fund, Khosla, Lakestar and Reinvent. On 12/21, the company confidentially filed for an initial public offering (IPO). The size and price range for the proposed offering have not yet been determined. Babylon Health Raises $100M
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Lyft Launches 60M Ride COVID-19 Vaccine Access Campaign with Anthem, Chase, Epic, United Way, Others

by Fred Pennic 12/23/2020 Leave a Comment

Lyft, Launches 60M Ride COVID-19 Vaccine Access Campaign with Anthem, Chase, Epic, United Way, Others

What You Should Know: - In partnership with JP Morgan Chase; United Way; top healthcare organizations including Anthem, Centene, One Medical and Epic; and other non-profit and community partners, Lyft’s goal is to facilitate 60M safe rides to vaccination sites. - Lyft’s vaccine access campaign will help the communities who need it most safely travel to receive the vaccine. These rides will be facilitated through its business segment, Lyft Healthcare, and social impact initiative LyftUp.
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Human API CEO Talks Data Privacy Concerns in Employee Wellness Programs

by Fred Pennic 12/23/2020 Leave a Comment

Human API CEO Talks Data Privacy Concerns in Employee Wellness Programs

A recent BBC article discusses the rise in employee health tracking via wearable devices and highlights a number of concerns around data privacy. To try and prevent health tracking schemes from crossing ethical lines, and eroding trust between employee and employer, some industry figures believe that organizations need to work with third-party vendors who specialize in managing wellbeing data. These vendors would hold the data independently under strict privacy rules, and work with employees
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Intrado Acquires EHR-Embedded Closed-Loop Solution Asparia – M&A

by Fred Pennic 12/22/2020 Leave a Comment

Intrado Acquires EHR-Embedded Closed-Loop Solution Asparia – M&A

Intrado Corporation (“Intrado” or the “Company”), a global leader in technology-enabled services, announced today that it has acquired Asparia, Inc., a leading provider of patient engagement solutions for health systems, hospitals, and medical practices. EHR-Embedded Automated Patient Communication Platform​ Asparia acts as the communications bridge between the EHR and patients. The company’s simple, easy-to-use platform complements existing functions and reduces staff burden
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M&A: Zipari to Merge with Healthx to Create Leading Consumer Experience Platform for Healthcare Payers

by Fred Pennic 12/21/2020 Leave a Comment

Zipari to Merge with Healthx to Create Leading Consumer Experience Platform for Healthcare Payers

What You Should Know: - Zipari, the first and only consumer experience platform built specifically for health insurance, today announced a strategic growth investment from private equity firm Thoma Bravo, valuing the company at more than half a billion dollars. As part of the strategic investment, Zipari will merge with Healthx, a provider of trusted healthcare engagement technologies, to create the leading CX platform and solutions for health insurance payers and third-party administrators.
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M&A: Gainwell to Acquire HMS for $3.4B in Cash

by Fred Pennic 12/21/2020 Leave a Comment

M&A: Gainwell to Acquire HMS for $3.4B in Cash

What You Should Know: - Veritas Capital (“Veritas”)-backed Gainwell Technologies (“Gainwell”), a leading provider of solutions that are vital to the administration and operations of health and human services programs, today announced that they have entered into a definitive agreement whereby Gainwell will acquire HMS, a technology, analytics and engagement solutions provider helping organizations reduce costs and improve health outcomes. - With over 7,500 employees, Gainwell Technologies
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42 Recently Launched COVID-19 Vaccine Management Solutions to Know

by Fred Pennic 12/18/2020 Leave a Comment

16 COVID-19 Predictions and Trends for 2021 Executive Roundup 12-Available-COVID-19-Vaccine-Management-Solutions-to-Know-In-Depth-1

An in-depth look at twelve recently released COVID-19 vaccine management solutions as COVID-19 vaccines are being distributed nationwide. 1. Microsoft Microsoft launches a COVID-19 vaccine management platform with partners Accenture and Avanade, EY, and Mazik Global to help government and healthcare customers provide fair and equitable vaccine distribution, administration, and monitoring of vaccine delivery. Microsoft Consulting Services (MCS) has deployed over 230 emergency COVID-19
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M&A: Philips Acquires Remote Cardiac Monitoring BioTelemetry for $2.8B

by Fred Pennic 12/18/2020 Leave a Comment

M&A: Philips Acquires Remote Cardiac Monitoring Platform BioTelemetry for $2.8B

What You Should Know: - Philips acquires BioTelemetry, a U.S. provider of remote cardiac diagnostics and monitoring for $72.00 per share for an implied enterprise value of $2.8 billion (approx. EUR 2.3 billion). - With $439M in revenue in 2019, BioTelemetry annually monitors over 1 million cardiac patients remotely; its portfolio includes wearable heart monitors, AI-based data analytics, and services. - BioTelemetry business is expected to deliver double-digit growth and improve its
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