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Fred Pennic, Editor-in Chief | HIT Consultant

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

Foundation Medicine Acquires Precision Oncology Company Lexent Bio

by Fred Pennic 06/12/2020 Leave a Comment

Foundation Medicine Acquires Precision Oncology Company Lexent Bio

What You Should Know: - Foundation Medicine acquires Lexent Bio, a precision oncology company developing novel liquid biopsy platforms. - The acquisition will accelerate Foundation Medicine’s liquid biopsy R&D and advance cancer care through an expansion of multiomics capabilities.  Foundation Medicine, Inc., announced that it has completed the acquisition of Lexent Bio, Inc., a precision oncology company located in California, developing novel multiomics liquid biopsy platforms
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Cleveland Clinic Awarded $7.2M NIH Grant for to Study MRI-Based Biomarker in Multiple Sclerosis

by Fred Pennic 06/12/2020 Leave a Comment

Cleveland Clinic Awarded $7.2M NIH Grant for to Study MRI-Based Biomarker in Multiple Sclerosis

What You Should Know: - Cleveland Clinic-led research team has been awarded a $7.2M grant from the National Institutes of Health (NIH) to support a multi-center study to study CVS, an MRI-based biomarker identified in multiple sclerosis associated white matter lesion. - The prospective study, referred to as CAVS-MS, will enroll 400 patients with typical or atypical presentations of MS at 11 participating centers in North America, with Cleveland Clinic serving as
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EnsoData Raises $9M to Accelerate Waveform AI Platform for Clinicians

by Fred Pennic 06/12/2020 Leave a Comment

EnsoData Raises $9M to Accelerate Waveform AI Platform for Clinicians

What You Should Know: - EnsoData announces its official launch and a $9M Series A funding round to accelerate analysis and understanding of human health, starting with sleep disorder diagnoses.  - Using AI, EnsoData’s technology transforms billions of waveform data points (outputs from heartbeats on an EKG, eye movement through an EOG, brain waves through an EEG, etc.) collected from sensors in medical devices and wearables into an easy-to-read report.  - EnsoData saves clinics and
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CareAcademy Lands $9.5M for Online Training Platform for Senior Care

by Fred Pennic 06/11/2020 Leave a Comment

CareAcademy Lands $9.5M for Online Training Platform for Senior Care

What You Should Know: - CareAcademy raises $9.5 million in Series A funding to expand its online training platform for senior care professionals to deliver the highest caliber of service and improve the lives of older adults.  - Series A round signals massive market opportunity as CareAcademy seizes a greater share of online caregiver training; brings total company funding to more than $13 million. CareAcademy, a Boston, MA-based home care & home health workforce empowerment
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Backed by Northwell, Conversa Health Raises $12M for AI-Powered Chatbots

by Fred Pennic 06/11/2020 Leave a Comment

Backed by Northwell, Conversa Health Raises $12M for AI-Powered Chatbots

What You Should Know: - Conversa Health raises $12 million in Series B funding round to expand its AI-powered chatbots enabling health systems, payers and pharmaceutical companies to engage patients and collect patient-generated health data and patient-reported outcomes. - Conversa plans to use the funding to scale its virtual care and communication platform—97 percent of patients who have used its chatbots say they can better manage their care with Conversa.  - Murray Brozinsky
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Cue Health Lands $100M to Scale Rapid, Portable, Point-of-Care COVID-19 Test

by Fred Pennic 06/10/2020 Leave a Comment

FDA Approves Cue Health’s Point-of-Care COVID-19 Test Using Nasal Swabs

What You Should Know: - Cue Health raises $100M to commercialize its portable, molecular diagnostic test capable of detecting SARS-CoV-2, the virus that causes COVID-19, in less than 25 minutes using a simple nasal swab.  - The test is part of the Cue Health Monitoring System, which is designed to be a portable device that can perform a molecular test and connect patients to a mobile health platform that features interventional components such as telemedicine
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Kyruus Raises $30M to Expand Provider Search and Scheduling Solutions

by Fred Pennic 06/10/2020 Leave a Comment

Kyruus

What You Should Know: - Kyruus, a provider search and scheduling solutions company raises $30 million in new funding from Francisco Partners, a technology-focused private equity firm.  - Kyruus will use the investment to expand its patient access platform to help health systems enhance the patient experience, both during and beyond the COVID-19 pandemic. Kyruus, a Boston, MA-based suite of provider search and scheduling solutions for health systems, today announced
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athenahealth Launches Its First Embedded Telehealth Solution at No Additional Cost

by Fred Pennic 06/09/2020 Leave a Comment

athenahealth Launches Its First Embedded Telehealth Solution at No Additional Cost

What You Should Know: - Today, athenahealth unveiled athenaTelehealth, a new embedded offering that empowers healthcare providers to seamlessly conduct telemedicine visits with their patients. athenaTelehealth will be available at no additional cost for a limited time to allow providers to deliver care during COVID-19 and beyond. - As stay-at-home orders and fear of exposure to coronavirus took root, government deregulation and high patient demand led to a surge in telehealth
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Care Coordination Network PatientPing Raises $60M to Fuel Expansion

by Fred Pennic 06/09/2020 Leave a Comment

Care Coordination Network PatientPing Raises $60M to Fuel Expansion

What You Should Know: - PatientPing raises $60M in Series C funding to fuel expansion to new geographies and extends the capabilities of their care coordination network solutions. - As the nation’s leading care collaboration and patient event notifications (e-notifications) platform, PatientPing’s comprehensive suite of solutions leverage real-time patient data and are used by provider organizations, hospitals, health plans, governments, individuals and the organizations supporting
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Siemens Healthineers and Geisinger Ink 10-Year to Drive Digital Health Innovation

by Fred Pennic 06/09/2020 Leave a Comment

Bayer and Geisinger to Create EHR-Integrated Contraception Counseling Pathway

What You Should Know: -Siemens Healthineers and Geisinger announced a 10-year agreement to drive digital health collaborations, including artificial intelligence-enabled applications. - The partnership will make better health easier throughout Pennsylvania and in all communities that Geisinger serves. Siemens Healthineers and Geisinger have established a 10-year Value Partnership to advance and support elements of Geisinger’s strategic priorities related to continually improving
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