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Fred Pennic, Editor-in Chief | HIT Consultant

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

ClosedLoop.ai Raises $34M to Expand Healthcare Data Science Platform

by Fred Pennic 08/17/2021 Leave a Comment

ClosedLoop.ai Raises $34M to Expand Healthcare Data Science Platform

What You Should Know: - ClosedLoop.ai., an Austin, TX-based healthcare data science platform, today announced it has raised $34 million in Series B financing led by Telstra Ventures with participation from Breyer Capital, Greycroft Ventures, .406 Ventures, and Healthfirst. Notable angel investors Adam Boehler (former director of CMMI & CEO of Landmark Health) and Sam Palmisano (former CEO of IBM) also participated in the round. - ClosedLoop’s explainable AI reimagines the concept
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Ultrahuman Secures $17.5M for Fitness Wearable Glucose Tracker

by Fred Pennic 08/17/2021 Leave a Comment

Ultrahuman Secures $17.5M for Fitness Wearable Glucose Tracker

What You Should Know: - Health tech startup Ultrahuman has raised $17.5 million in Series B funding as it sets out to re-invent fitness-tech via its glucose tracking wearable that helps people improve their diet and exercise. The series B funding came from Alpha Wave Incubation (AWI), which is backed by DisruptAD and managed by Falcon Edge, Steadview Capital, Nexus Venture Partners, Blume Ventures, and Utsav Somani’s iSeed fund. - Founded in 2020 by Mohit Kumar and Vatsal Singhal who were
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Unite Us Acquires Health Analytics Platform Carrot Health

by Fred Pennic 08/17/2021 Leave a Comment

Unite Us Acquires Health Analytics Platform Carrot Health

What You Should Know: - Unite Us, a New York City-based company connecting health and social care services, today announced the acquisition of Carrot Health, an action-oriented health analytics company focused on removing barriers to health and optimizing care. Financial details of the acquisition were not disclosed. - The combination of predictive analytics powerhouse Carrot Health and Unite Us’ end-to-end social determinants of health products will further deepen
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Ultromics Raises $33M for AI-Enabled Echocardiograms to Help Clinicians Diagnose Heart Disease

by Fred Pennic 08/16/2021 Leave a Comment

Ultromics Raises $33M for AI-Enabled Echocardiograms to Help Clinicians Diagnose Heart Disease

What You Should Know: - Today, Ultromics, an Oxford, England-based health-tech startup announced it has raised $33M in Series B funding led by Blue Ventures, the investing arm of Blue Cross Blue Shield, and also includes investment from Optum Ventures, GV, and Oxford Sciences. -  Born at the University of Oxford and built-in partnership with the U.K.’s NHS, Ultromics has developed the first fully automated solution for echocardiography and analysis of global longitudinal strain (GLS).
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Cigna & Fresenius Extend VBC Program to Help More People with Kidney Failure

by Fred Pennic 08/16/2021 Leave a Comment

Fresenius Kidney Care Rolls Out National Data Exchange Network

What You Should Know: - Today, Fresenius Medical Care North America (FMCNA) and Cigna announced an expansion of their value-based care(VBC) program to improve health outcomes and lower the cost of care for those living with kidney failure, or end stage renal disease (ESRD), through at least 2023.  - First launched in 2017 as part of Cigna Collaborative Care, the VBC program will now include additional incentives to support more kidney disease specialists
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Good Health Pass Releases Blueprint for Digital Health Passes to Restore International Travel

by Fred Pennic 08/13/2021 Leave a Comment

Good Health Pass Releases Blueprint for Digital Health Passes to Restore International Travel

What You Should Know: - The Good Health Pass Collaborative announced the release of the Good Health Pass Interoperability Blueprint, a proposed new set of interoperability specifications which, as they are adopted, will allow airlines and governments to verify travelers’ COVID status (proof of vaccination, testing, and recovery), while simultaneously ensuring that core principles – such as privacy, security, user-control, and equity – are protected.   - Over the past six
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Kareo Acquires RPA-Powered Medical Billing Provider PatientlySpeaking

by Fred Pennic 08/12/2021 Leave a Comment

Kareo Sells Managed Billing Services Business to Health Prime International

What You Should Know: - Kareo, a provider of cloud-based clinical and business management software solutions for independent healthcare practices and billing companies, today announced the acquisition of PatientlySpeaking, a process automation technology company for billing companies and medical practices. - Together with Kareo’s intuitive billing platform, PatientlySpeaking provides an integrated data connection for billing companies and medical practices to automate redundant daily tasks
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Butterfly Network, Caption Health Partner on AI-Based Guidance and Diagnostics

by Fred Pennic 08/12/2021 Leave a Comment

Butterfly Network, Caption Health Partner on AI-Based Guidance and Diagnostics

What You Should Know: - Butterfly Networks and Caption Health are partnering to bring life-saving portable AI diagnostic imaging/ultrasound to every medical provider, regardless of their experience. - Butterfly and Caption’s integrated solution will enhance cardiac assessment by improving the ease of image capture and image interpretation in a variety of care settings including the hospital, clinic, and home. This move can lead to faster diagnosis and treatment for patients with cardiac
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HIMSS21 Day 3 Roundup: Sharecare Acquires CareLinx, Verizon Telehealth, Samsung

by Fred Pennic 08/11/2021 Leave a Comment

HIMSS21 Recap

Sharecare Acquires On-Demand Home Health Platform CareLinx for $65M Sharecare today announced that it has closed its acquisition of CareLinx , an on-demand home health platform of tech-enabled care providers from Europ Assistance, one of the largest global assistance companies. Under the terms of the agreement, the acquisition is valued at approximately $65M, consisting of $54.6M in cash and $10.4M in Sharecare common stock. The acquisition marks Sharecare’s 18th acquisition since
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Sharecare Acquires On-Demand Home Health Platform CareLinx for $65M

by Fred Pennic 08/11/2021 Leave a Comment

Sharecare Acquires On-Demand Home Health Platform CareLinx for $65M

What You Should Know: - Sharecare today announced its official entry into the home health market with the acquisition of CareLinx , an on-demand home health platform of tech-enabled care providers from Europ Assistance, one of the largest global assistance companies. Under the terms of the agreement, the acquisition is valued at approximately $65M, consisting of $54.6M in cash and $10.4M in Sharecare common stock. The acquisition marks Sharecare’s 18th acquisition since 2010. - The
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