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Fred Pennic, Editor-in Chief | HIT Consultant

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

DarioHealth, Williams Medical Partner to Expand Digital Therapeutics Platform Across the UK and Ireland

by Fred Pennic 07/20/2020 Leave a Comment

DarioHealth, Williams Medical Partner to Expand Digital Therapeutics Platform Across the UK and Ireland

What You Should Know: - Dario Health enters strategic partnership with Williams Medical marking its expansion into the UK remote patient monitoring market across the UK and Ireland. - Williams Medical is the leading provider of medical goods and services to primary care in the UK, and this agreement supports both companies' commitment to drive growth and deliver innovative solutions to frontline healthcare. DarioHealth Corp., a pioneer in the global digital therapeutics market,
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Microsoft Releases Public Preview of Azure IoT Connector for FHIR to Empower Health Teams

by Fred Pennic 07/17/2020 Leave a Comment

Microsoft Releases Public Preview of Azure IoT Connector for FHIR to Empower Health Teams

What You Should Know: - Microsoft released the public preview of Azure IoT Connector for FHIR (Fast Healthcare Interoperability Resources), the latest update to the Microsoft Cloud for Healthcare. - The Azure IoT Connector for FHIR makes it easy for health developers to set up a pipeline to manage protected health information (PHI) from IoT devices and enable care teams to view patient data in context with clinical records in FHIR. This week, Microsoft released the preview of
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Top 3 Priority Areas for Healthcare CIOs in the Age of COVID-19

by Fred Pennic 07/17/2020 Leave a Comment

Top 3 Priority Areas for Healthcare CIOs in the Age of COVID-19

What You Should Know: - In the age of COVID-19, healthcare CIOs cite interoperability, cybersecurity, and operationalizing SDOH data priorities as top three priority areas, according to the third annual LexisNexis focus group of CHIME executives. - The survey results also highlighted the importance of a team approach with support across the organization in helping CIOs achieve the vision of connected healthcare.  The Health Care business of LexisNexis® Risk
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Cohere Health Launches with $10M to Increase Transparency Across Care Journey

by Fred Pennic 07/16/2020 Leave a Comment

Cohere Health Launches with $10M to Increase Transparency Across Care Journey

What You Should Know: - Boston-based health IT start-up Cohere Health announced the official launch of its company with a $10 million Series A funding round led by Flare Capital Partners. - The company’s patient journey-focused platform improves the notoriously difficult prior authorization process and replaces an existing patchwork of legacy, siloed processes, and antiquated technologies that contribute to the enormous administrative burden for physicians and health plans. - The end
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Activ Surgical Raises $15M Advance Autonomous and Collaborative Surgery

by Fred Pennic 07/16/2020 Leave a Comment

Activ Surgical Raises $15M Advance Autonomous and Collaborative Surgery

What You Should Know: - Digital surgery pioneer Activ Surgical raises $15M in funding led by ARTIS Ventures to accelerate U.S. commercialization and European expansion efforts for its ActiveEdge platform, which enables existing surgical systems, from scopes to robots, to visualize, characterize and track tissue, in real-time beyond today’s human capability.  - ActivSight, is an easy-to-adapt, connected imaging module that seamlessly attaches to today’s laparoscopic and arthroscopic
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HGP Semi-Annual Health IT Market Review: 6 Key Trends to Know

by Fred Pennic 07/16/2020 Leave a Comment

HGP Semi-Annual Health IT Market Review: 6 Key Trends to Know

Healthcare Growth Partners, an Investment Banking and Strategic Advisory firm exclusively focused on the transformational health IT market, today announced the release of its Semi-Annual Health IT Market Review report that summarizes M&A and private equity activity across health IT, health information services, and digital health. Report Background/Methodology This edition of the report includes feedback from our survey of private equity professionals and their response to
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Same-Day Pharmacy Delivery NowRx Raises $20M to Expand into Additional Territories

by Fred Pennic 07/16/2020 Leave a Comment

Same-Day Pharmacy Delivery NowRx Raises $20M to Expand into Additional Territories

What You Should Know: - Same day pharmacy delivery startup NowRx raises $20 Million in Series B funding to expand into new U.S. territories and accelerate its technology roadmap, transforming the way consumers get their prescriptions.  - NowRx’s competitive advantage is its proprietary pharmacy management system, which leverages AI and robotics to fill and deliver prescriptions in record time, including interfacing with insurance, checking for drug
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Wake Forest Baptist Health Launches Drone Delivery for Medicines, PPE for COVID-19

by Fred Pennic 07/15/2020 Leave a Comment

Wake Forest Baptist Health Launches Drone Delivery for PPE, Medicines for COVID-19

What You Should Know: - Wake Forest Baptist Health will establish a hospital drone delivery network to carry patient-specific time- and temperature-sensitive medicines and PPE for medical professionals treating COVID-19. - In partnership with Matternet and UPSFF today started operating on two routes from one location at Wake Forest Baptist Health to two other health system locations, marking one of the first hub-and-spoke operating models for the U.S. drone delivery industry. Wake
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Caption Health Nabs $53M to Commercialize FDA-Cleared AI-Guided Ultrasound Technology

by Fred Pennic 07/15/2020 Leave a Comment

GE HealthCare to Acquire Caption Health

What You Should Know: - Caption Health raises $53 million series B round to fuel commercialization and expansion of its FDA-approved AI ultrasound technology. This is on the heels of its receiving FDA clearance, designated as a breakthrough technology to fight against COVID-19. - As ultrasounds, especially cardiac ultrasounds, have become increasingly important during a time of COVID when resources are stretched, using AI to help more healthcare professionals take high-quality images is
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GYANT Raises $13.6M for AI-Enabled Digital Front Door Solution to Drive Patient-Doctor Engagement

by Fred Pennic 07/15/2020 Leave a Comment

Cleveland Clinic, GYANT Partner to Drive Post-Discharge Engagement

What You Should Know: - GYANT raises $13.6M in Series A funding for AI-enabled digital front door solutions to drive meaningful patient-doctor engagement. - The investment will enable GYANT to scale up its product development to meet rapidly increasing market demand and support its exponential customer growth. - Current customers include Intermountain Healthcare, OSF Healthcare, Adventist Health, Health First, Integris, etc. GYANT, a San Francisco, CA-based care navigation
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