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Fred Pennic, Editor-in Chief | HIT Consultant

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

Healthcare VC Firm Longitude Capital Closes $585M Fund

by Fred Pennic 09/23/2020 Leave a Comment

Healthcare VC Firm Longitude Capital Closes $585M Fund - VC

What You Should Know:   - Healthcare venture capital firm Longitude Capital announces the close of its $585M Longitude Venture Partners IV, L.P. (“LVP4”) fund to invest in transformative healthcare companies. - LVP4 will invest opportunistically across all stages of a company’s development through a variety of approaches that include traditional venture capital investing and special situations such as spin-outs, equity-linked transactions, and private investments in public
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Clarius Unveils Ultra-High Frequency Handheld Ultrasound Scanner

by Fred Pennic 09/23/2020 Leave a Comment

Clarius Unveils Ultra-High Frequency Handheld Ultrasound Scanner

What You Should Know:   - A pioneer in high definition ultrasound miniaturization, Clarius is announcing the new high-frequency handheld ultrasound scanner Clarius L20 HD featuring the highest definition wireless imaging for superficial applications. - Designed to provide extremely high image quality in the near field (skin line to 4cm), the Clarius L20 HD is ideal for a variety of clinical settings including MSK, rheumatology, podiatry, plastic surgery, microsurgery, pediatric
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PreferredOne Becomes First Health Plan to Cover Prescription Digital Therapeutics

by Fred Pennic 09/23/2020 Leave a Comment

PreferredOne Becomes First Health Plan to Cover Prescription Digital Therapeutics

What You Should Know: - PreferredOne teams with Pear to provide its members with covered access to two prescription digital therapeutics (PDTs) for the treatment of substance use disorder (SUD) and opioid use disorder (OUD) - PDTs are a new therapeutic class that uses software to directly treat disease. Like traditional medicines, PDTs are tested in randomized controlled trials demonstrating safety and effectiveness, evaluated and authorized by regulators like FDA, and used under the
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Beyond Limits Nabs $133M to Drive Global Expansion of AI Technology

by Fred Pennic 09/22/2020 Leave a Comment

Beyond Limits Nabs $133M to Drive Global Expansion of AI Technology

What You Should Know: - Beyond Limits, an AI provider that uniquely uses 45 technologies developed at Caltech and NASA’s Jet Propulsion Lab to provide business intelligence for healthcare raises $133M in funding. - Beyond Limits’ AI predictive model is helping healthcare professionals fight against COVID-19 including determining the percentage of patients that may need ventilators and ECMO in the ICU and dialysis units. Beyond Limits, an LA-based industrial and enterprise-grade AI
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Dept. of Defense and Philips Partner on AI Tech to Contain COVID-19

by Fred Pennic 09/22/2020 Leave a Comment

Dept. of Defense and Philips Partner on AI Tech to Contain COVID-19

What You Should Know: - Today, Philips, in partnership with the U.S. Department of Defense, announced plans to expand their research on an AI-based early warning system for infectious disease, opening new possibilities in the battle to contain COVID-19. - An application of their joint Rapid Analysis of Threat Exposure (RATE) project, the technology aims to provide early alerts of potential infection, ensuring troop readiness and protection against
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FDA Launches Digital Health Center of Excellence: 5 Things to Know

by Fred Pennic 09/22/2020 Leave a Comment

FDA Launches Digital Health Center of Excellence: 5 Things to Know

What You Should Know: - FDA launches the Digital Health Center of Excellence within the Center for Devices and Radiological Health (CDRH) focused on mobile health devices, Software as a Medical Device (SaMD), wearables when used as a medical device, and technologies used to study medical products. - The Digital Health Center of Excellence is part of an effort to modernize digital health policies and regulatory approaches and provide efficient access to highly specialized expertise,
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Philips Launches Advanced 3D Imaging Navigation Platform for Faster Lung Cancer Diagnosis

by Fred Pennic 09/21/2020 Leave a Comment

advanced 3D imaging and navigation platform

What You Should Know: - Philips paves the way for faster lung cancer diagnosis and treatment with advanced 3D imaging and navigation platform with the launch of Azurion Lung Edition. - By speeding diagnosis and treatment, Azurion Lung Edition is helping to transform lung cancer care, contributing to dramatically improved outcomes and reduced costs. Royal Philips, today announced the launch of Azurion Lung Edition, an advanced 3D imaging and navigation platform to accelerate the
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Scanwell Health Nabs $1.6M NIH Grant for its Rapid, At-Home Test for Chronic Kidney Disease

by Fred Pennic 09/21/2020 Leave a Comment

Scanwell Health Nabs $1.6M NIH Grant for its Rapid, At-Home Test for Chronic Kidney Disease

What You Should Know: - LA-based health tech startup Scanwell Health announced today that it has received a $1.6M NIH grant to accelerate the development of its rapid at-home test for Chronic Kidney Disease (CKD). - CKD can be a silent killer - most people who have it are unaware until it's too late to treat effectively. But if diagnosed early, disease progression can be slowed. -  An early version of Scanwell's rapid at-home test is being used by researchers at several leading
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Corindus Vascular Robotics CEO Departure, UPMC Enterprises’ New President, Nordic Consulting’s New CIO, Other Health IT Hires

by Fred Pennic 09/18/2020 Leave a Comment

Tele-Treatment: How We Close the Gap in Access to Care

Mark Toland, CEO of Corindus Vascular Robotics (acquired by Siemens for $1.1B last year), has announced his departure and will be joining BioStar Capital, a health-tech venture capital group focused on cardiovascular and orthopedic medical devices. As a partner and entrepreneur in residence, Mark will help to identify and develop innovative companies leveraging AI, deep learning, robotics, and other transformative technologies that address a wide range of unmet needs. The BioStar team has
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AHIMA to Provide MEDITECH Expanse EHR Training to 16k Students

by Fred Pennic 09/18/2020 Leave a Comment

AHIMA

What You Should Know: - The American Health Information Management Association (AHIMA) has selected MEDITECH to provide access to digital training for 16,000 students in over 300 colleges and universities using MEDITECH Expanse EHR. - MEDITECH Expanse will be offered as part of the AHIMA VLab™ — an online-based health information environment that features multiple software applications and corresponding lab lessons. MEDITECH is extending its relationship with The American Health
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