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Fred Pennic, Editor-in Chief | HIT Consultant

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

FCC Unveils 14 Initial Projects Selected for $100M Connected Care Pilot Program

by Fred Pennic 01/15/2021 Leave a Comment

FCC COVID-19 Telehealth Program Providers

What You Should Know: - FCC announces initial 14 pilot project selected for $100M Connected Care Pilot Program that will support connected care service across the country and focus on low-income and veteran patients. The Federal Communications Commission (FCC) today announced an initial set of 14 pilot projects with over 150 treatment sites in 11 states that have been selected for the Connected Care Pilot Program.  A total of $26.6 million will be awarded to these applicants for
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MEDITECH Launches Quick Vaccination Solution to Streamline COVID-19 Vaccination Process

by Fred Pennic 01/14/2021 Leave a Comment

20 COVID-19 Predictions and Trends for 2021 - Executive Roundup

What You Should Know: - MEDITECH launches a web-based Quick Vaccination solution enabling healthcare organizations to efficiently administer the vaccine to their patients from multiple care venues, including through tablet devices. - With Quick Vaccination, healthcare organizations have the speed and mobility to distribute the vaccine at high-volume locations, including pop-up inoculation sites. To accelerate healthcare organizations’ administration of the COVID-19 vaccine,
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Lumiata Nabs $14M to Scale Healthcare Specific AI Platform

by Fred Pennic 01/14/2021 Leave a Comment

Lumiata Nabs $14M to Scale Healthcare Specific AI Platform

What You Should Know: - Healthcare specific AI platform Lumiata raises $14M to scale its enterprise-grade AI platform and invest in customer acquisition and success. - No-code products speedily predict underwriting and actuarial factors enabling extreme risk reduction and cost savings for healthcare companies. Lumiata, a San Mateo, CA-based provider of AI-powered health analytics for managing cost and risk, today announced it has raised $14 million in Series B
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Healthcare PE Firm Heritage Group Launches $300M Health Tech Fund

by Fred Pennic 01/14/2021 Leave a Comment

Heritage Group

What You Should Know: - Healthcare private equity firm Heritage Group launches a $300M fund to invest in high-growth healthcare services and technology companies. - Heritage is backed by some of the leading healthcare organizations in the nation, including large provider systems, payers, and healthcare service providers. Heritage Group, a Nashville, TN-based healthcare-focused private equity firm, today announced the closing of over $300 million in its oversubscribed third fund, an
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Provider Strategies for Mitigating Telehealth Fraud & Abuse in 2021

by Dr. Gary Call, Chief Medical Officer at HMS 01/14/2021 Leave a Comment

Provider Strategies for Mitigating Telehealth Fraud & Abuse in 2021

As healthcare spending continues to rise, so too does the inherent risk for bad actors to take advantage. Today, the United States is estimated to spend nearly 18 percent of its GDP, or $3.6 trillion, on healthcare, and is expected to increase to one-fifth of GDP within the next decade, according to the latest data. This alone provides ample motivation for fraud and abuse. While the full extent of healthcare fraud is difficult to measure, The National Health Care Anti-Fraud Association
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How COVID-19 Reshaped Healthcare Consumerism & 4 Key Trends to Know for 2021

by Fred Pennic 01/13/2021 Leave a Comment

How-COVID-19-Reshaped-Healthcare-Consumerism-4-Key-Trends-to-Know-for-2021

What You Should Know: - NRC Health today released its 2021 Healthcare Consumer Trends Report, which surveyed 2 million healthcare consumers against the backdrop of the ongoing coronavirus pandemic. - The latest report highlights the major trends that came to light last year, and how they will continue to impact the healthcare industry in 2021 and beyond - from declining brand loyalty, increased care deferment, the fast adoption of telehealth, a rise in wearable tech, and a broader focus
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Modernizing Medicine Acquires Orthopedic EHR Platform Exscribe – M&A

by Fred Pennic 01/13/2021 Leave a Comment

Modernizing Medicine Acquires Orthopedic EHR Platform Exscribe – M&A

What You Should Know: - Modernizing Medicine announced it has acquired orthopedics EHR vendor Exscribe bringing together two of the healthcare industry’s leading, all-in-one orthopedic EHR vendors. - As part of the acquisition, Exscribe Founder and CEO, Dr. Sachdev and other members of the Exscribe team will be joining Modernizing Medicine. Specialty-specific EHR provider Modernizing Medicine announced it has acquired orthopedics electronic health records (EHR) vendor Exscribe. The
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NeuroFlow Secures $20M for Tech-Enabled Behavioral Health Integration Platform

by Fred Pennic 01/13/2021 Leave a Comment

NeuroFlow Secures $20M for Tech-Enabled Behavioral Health Integration Platform

What You Should Know: - NeuroFlow raises $20M to expand its technology-enabled behavioral health integration platform, led by Magellan Health. - NeuroFlow’s suite of HIPAA-compliant, cloud-based tools simplify remote patient monitoring, enable risk stratification, and facilitate collaborative care. With NeuroFlow, health care organizations can finally bridge the gap between mental and physical health in order to improve outcomes and reduce the cost of care. NeuroFlow, a
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Itamar Medical Acquires Technology and Assets of Spry Health

by Fred Pennic 01/12/2021 Leave a Comment

Spry Health Clinical-Grade Wearable

What You Should Know: - Itamar Medical Ltd. acquired the technology and assets of Spry Health in a move to expand its product offering beyond Sleep Apnea identification. - Itamar Medical’s acquisition of Spry Health will enable the company to develop a wearable watch-like remote patient monitoring solution. Itamar Medical Ltd., a medical device and digital health company focused on the integration of sleep apnea management into the cardiac patient care
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Central Logic Acquires Acuity Link for Intelligent Transport Capabilities – M&A

by Fred Pennic 01/12/2021 Leave a Comment

Central Logic Acquires Acuity Link for Intelligent Transport Capabilities – M&A

What You Should Know: - Central Logic acquires Acuity Link to power the company’s Intelligent Transport capabilities, speeding time to care in the best setting. - In addition, the company rolls out a new interoperable Bed Visibility capability that offers a real-time snapshot into available beds across the enterprise for improved access and enhanced revenue capture. Central Logic, a St. Paul, MN-based healthcare access and orchestration company, has acquired Acuity Link, a
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