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Fred Pennic, Editor-in Chief | HIT Consultant

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

Precision Health Startup Q Bio Emerges Out of Stealth with $40M Led by Andreessen Horowitz

by Fred Pennic 02/21/2020 Leave a Comment

Q Bio Raises $40M to Provide Comprehensive Picture of Your Health in 75 Minutes or Less

- Precision health startup Q Bio emerges out of stealth mode, raising $40M in Series B funding led by Andreessen Horowitz to bring preventative health and the physical of the future to masses. - In 75 minutes or less, members are able to get a comprehensive picture of their health and receive a web-based dashboard that they can review from anywhere in the world with their chosen clinicians. Q Bio, a Redwood City, CA-based quantitative, clinically relevant assessment of personal
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Patient Financial Engagement Startup MedPilot Raises $1.5M to Fuel Expansion

by Fred Pennic 02/20/2020 Leave a Comment

Patient Financial Engagement Startup MedPilot Raises $1.5M to Fuel Expansion

- Patient financial engagement startup MedPilot raises $1.5M in funding to fuel its next stage of growth, bringing its total to date to $3.6M. - MedPilot’s patient financial relationship platform transforms patient billing through customized outreach tailored to people's preferences. MedPilot, a Cleveland, OH-based patient financial engagement company announced it has raised $1.5M in funding led by JumpStart, TurnCap, Northcoast Fund, Wavemaker Three-Sixty Health, Valley Growth
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IntelyCare Raises $45M for Intelligent Nurse Staffing Platform to Address Solve Nationwide Workforce Shortage

by Fred Pennic 02/20/2020 Leave a Comment

IntelyCare Raises $45M for Intelligent Nurse Staffing Platform to Address Solve Nationwide Workforce Shortage

- IntelyCare, a leading intelligent workforce management solution for post-acute facilities raises $45M in new equity and debt financing to solve nationwide nurse shortage. - With this funding, the company will continue its viral expansion into new markets in dire need of better ways to pair facilities with open shifts and nurses looking for work. IntelyCare, a leading intelligent workforce management solution for post-acute facilities, today announced it has completed the largest
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Lark, HealthPartners Team Up to Provide AI-Powered Diabetes Management

by Fred Pennic 02/19/2020 Leave a Comment

CDC Recognizes Lark Health's A.I. Diabetes Prevention Program

- Lark Health partners with Minnesota-based HealthPartners to help members better manage their diabetes after a successful pilot program. - Through the new partnership, more than 650,000 HealthPartners members will have access to Lark’s AI-based Diabetes Management Program at no cost. It’s a big step for members in Minnesota, where 8 percent of adults have been diagnosed with diabetes and the total estimated cost of diabetes estimated at $4.7 billion per year. - The partnership follows a
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Maven Raises $45M to Expand On-Demand Virtual Care for Women’s & Family Health

by Fred Pennic 02/19/2020 Leave a Comment

Maven Raises $45M to Expand On-Demand Virtual Care for Women’s & Family Health

- Today, Maven, a women’s and family digital health company, announced it has raised $45 million in Series C funding led by Icon Ventures and including investments from Reese Witherspoon and Natalie Portman. - Maven’s women’s and family telemedicine network expanded rapidly to include 1,700 providers across more than 20 specialties – filling in critical gaps in care. - The company also announced the launch of Maven Wallet: a new feature to help members better manage receipts and expenses
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Report: Digital Health Tools Fail to Keep Up with Patients’ Expectations

by Fred Pennic 02/18/2020 Leave a Comment

Report: The future of the Digital Patient Experience

- New research report from the Center for Connected Medicine (CCM) finds that health system apps and other digital health tools for patients are not providing the best consumer patient experience. - CCM partnered with HIMSS Media to conduct a survey of 136 qualified professionals at U.S. hospitals and health systems in September 2019. - The report reveals that fewer than 1 in 3 respondents believe their organization is providing a best-in-class digital experience for patients. The result
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IBM Watson Health Launches Data-Driven Tool to Optimize Clinical Trials

by Fred Pennic 02/18/2020 Leave a Comment

IBM Watson Health Launches Data-Driven Tool to Optimize Clinical Trials

- Today, IBM announced its data-driven tool, IBM Study Advance that optimizes clinical trial protocol design by providing access to real-world patient population data, a collaborative workplace and standardizing protocol template guidance. - IBM Study Advance’s collaborative workspace is designed to allow near real-time collaboration with study design team members who can manage and assign the team to specific sections of the protocol.  IBM Watson Health today unveiled its newest
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Sharecare Integrates App-Based Tobacco Cessation Program into Digital Health Platform

by Fred Pennic 02/17/2020 Leave a Comment

Sharecare Adds App-Based Mindfulness Program for Tobacco Cessation

- Sharecare integrates MindSciences’ mindfulness-based smoking cessation program called Craving to Quit into their digital health platform. - The Craving to Quit program targets the neurological function that enables habit formation to instead lead the user to curb tobacco use.  Sharecare, the digital health company that helps people manage all their health in one place, and MindSciences, the leader in evidence-based behavior change apps, today announced a partnership to
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Medtronic Acquires AI-Powered Surgical Simulation Platform Digital Surgery

by Fred Pennic 02/17/2020 Leave a Comment

Medtronic Acquires AI-Powered Surgical Simulation Platform Digital Surgery

- Medtronic acquires Digital Surgery, a London-based provider of artificial intelligence (AI) driven surgical data and analytics company Digital Surgery for an undisclosed sum. - The acquisition will accelerate Medtronic’s strategy to provide AI and data within laparoscopic and robotic-assisted surgery. Medtronic, a global provider of medical technology solutions and services, announced the acquisition of Digital Surgery, a London-based privately-held pioneer in surgical artificial
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Innovaccer Raises $70M to Expand Healthcare Data Activation Platform

by Fred Pennic 02/14/2020 Leave a Comment

Innovaccer Unveils InData

- Innovaccer has recently raised $70 million in Series C funding from Tiger Global, Steadview Capital, Dragoneer, Westbridge, Mubadala and M12 (Microsoft’s Venture Fund) bringing their total capital raised to $120 million. - With the latest round of funding, Innovaccer will focus on its vision to help healthcare organizations care as one and scale the unified patient record. Innovaccer Inc., a Silicon Valley-based healthcare data platform company, announced today it has raised a total of
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