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Fred Pennic, Editor-in Chief | HIT Consultant

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

Firefly Health Raises $40M to Expand Virtual Primary Care Platform

by Fred Pennic 04/07/2021 Leave a Comment

Firefly Health Raises $40M to Expand Virtual Primary Care Platform

What You Should Know: - Firefly Health, a virtual-first healthcare company with a mission of delivering half-priced healthcare that’s twice as good, has announced that it has recently closed $40M in Series B financing, led by Andreesen Horowitz (a16z). a16z General Partner Julie Yoo will also join the Firefly Health board. - Led by former athenahealth CEO Jonathan Bush, Firefly cracks the primary care code through supreme convenience, proactive support, and intelligent navigation. Every
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MEDITECH, WELL Health Partner to Enhance Digital Patient Engagement

by Fred Pennic 04/07/2021 Leave a Comment

MEDITECH, WELL Health Partner to Enhance Digital Patient Engagement

What You Should Know: - MEDITECH recently announced Expanse Patient Connect, powered by WELL Health, a contemporary, mobile solution enabling bidirectional, communication between healthcare organizations and their patients. Available through the MEDITECH Cloud Platform, the solution leverages WELL Health’s automated patient interaction functionality to improve provider efficiency and keep patients and their families connected to their care in the most convenient way
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Digital Companion App Empathy Raises $13M to Help Families Deal with Death

by Fred Pennic 04/06/2021 Leave a Comment

Digital Companion App Empathy Raises $13M to Help Families Deal with Death

What You Should Know: - Today, Empathy, a digital companion app combining technology and human support to empower bereaved families, is coming out of stealth with $13M in seed funding, backed by major VC firms including General Catalyst and Aleph.  - Empathy’s technology streamlines the bureaucracy around loss - freeing families to deal with emotional repercussions and to be there for one another. Launched in 2021 and headquartered in New York and Tel Aviv, Empathy was founded by Ron Gura
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Inbox Health Raises $15M for Intelligent Patient Billing Engagement Platform

by Fred Pennic 04/05/2021 Leave a Comment

Inbox Health Raises $15M for Intelligent Patient Billing Engagement Platform

What You Should Know: - Inbox Health, the platform modernizing patient payments announced it has raised $15M in Series A funding led by Commerce Ventures with participation from new and existing investors, including venture firms Vertical Venture Partners, Healthy Ventures, Collaborative Fund, Fairview Capital, CT Innovations, and I2BF Global Ventures, as well as several industry leading individuals including Bill Clerico, Co-Founder and Former CEO of WePay. - The company plans to utilize
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Could ‘Hospitals Without Walls’ Be the New Normal for Telehealth and Remote Patient Monitoring?

by Fred Pennic 04/02/2021 Leave a Comment

75% of Americans Lack Access or Unaware of Telehealth Options, Survey Finds

The statistics surrounding the COVID-19 pandemic continue to be startling, despite the ever-growing mental and physical fatigue that we’ve all experienced living through this frightening, intimidating and unprecedented era. More than 125 million cases worldwide have resulted in a death toll closing in on three million, while in the United States alone, 30 million reported infections have resulted in a death toll that reached 550,000. (1) One thing that can be said for certain about
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Morehouse College, Verily Announces $575k Endowed Life Sciences Scholarship to Support STEM Careers

by Fred Pennic 04/01/2021 Leave a Comment

Verily Nabs $700M to Expand Baseline, Verily Health Platforms

- Today, Verily announced a partnership with Morehouse College in Atlanta, GA, to establish an endowed award of $575,000 to fund a new Verily Scholars Program.  - The program will provide an annual scholarship to an exceptional Morehouse student majoring in STEM (Science, Technology, Mathematics, and Engineering) careers and will also fund up to three annual all-expenses paid summer internships at Verily. Verily looks forward to connecting Morehouse scholars to the biotech and
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CVS Health Inks Larger PBM Contract with Federal Employee Program, Adds Specialty Pharmacy Care

by Fred Pennic 03/31/2021 Leave a Comment

CVS Health Launches Transform Oncology Care Program, Partners with Tempus

What You Should Know: - Today, CVS Caremark, the Pharmacy Benefit Manager (PBM) of CVS Health announced a larger PBM contract with the Government-wide Service Benefit Plan (also known as the Federal Employee Program), which has provided benefits to the federal workforce for 60 years and covers 5.5 million employees, retirees and their families. CVS Health has been the pharmacy benefit manager for the Service Benefit Plan since 1993 and has partnered with them to provide and evolve the
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SOC Telemed Acquires Access Physicians for $194M to Form Largest Acute Telemedicine Provider

by Fred Pennic 03/30/2021 Leave a Comment

SOC Telemed Acquires Access Physicians for $194M to Form Largest Acute Telemedicine Provider

What You Should Know: - SOC Telemed, today announced the acquisition of Dallas-based Access Physicians in a deal valued at $194 million in cash and stock to become the largest pure-play provider of acute telemedicine in the country. - The company will deliver care to almost 1,000 facilities including more than 700 hospitals in 48 states. In addition to an expanded national footprint this deal will expand clinical service lines including infectious disease, cardiology, maternal-fetal
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ProPhase Labs Acquires Digital COVID-19 Vaccination Passport

by Fred Pennic 03/30/2021 Leave a Comment

ProPhase Labs Acquires Digital Covid Vaccination and Testing “Passport” Solution

What You Should Know: - ProPhase Labs, Inc., a diversified medical science and technology company, announced today that it has acquired the “VaccTrack” suite of digital solutions that can provide secure and reliable certification of a user’s vaccination and Covid testing results. - A digital vaccination certificate, or “passport” is based on a mobile app that confirms that a user has been vaccinated against Covid-19, or, if the user has been tested for Covid-19, can confirm the test
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UK ED Dept. Shows Poor Usability for Major EHRs, Survey Finds

by Fred Pennic 03/29/2021 Leave a Comment

EHR Optimization EHRs Meaningful Use Stage 3_Ambulatory EHR_Specialty-Driven EHRs

What You Should Know: - Emergency doctors in the UK have said many electronic health records (EHRs) in use are close to being unacceptable, and this is likely to be having a negative impact on patient care. A national survey of more than 1500 members and fellows of the Royal College of Emergency Medicine ranked the usability of the major EHRs in use across the UK. All fell short of internationally recognized usability standards. It led NHS CCIO Simon Eccles to remark that 'too little
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