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Fred Pennic, Editor-in Chief | HIT Consultant

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

Aetion Closes $100M to Expand RWE Analytics Platform

by Fred Pennic 05/11/2021 Leave a Comment

What You Should Know: - Healthcare technology company Aetion announced today a $110M Series C fundraise, led by Warburg Pincus, a leading global growth equity firm, with additional investments from B Capital and Foresite Capital. Aetion’s existing backers New Enterprise Associates (NEA) and Flare Capital Partners also joined the round. Aetion has raised a total of $212M to date. - The company will use the new funds to extend the capabilities of its Aetion Evidence Platform, expand its
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Mental Health App Forms Bond with Users, Marking Key Evolution in Digital Therapeutics

by Fred Pennic 05/11/2021 Leave a Comment

Mental Health App Forms Bond with Users, Marking Key Evolution in Digital Therapeutics

What You Should Know: - Digital therapeutics company Woebot Health announced its findings to an unprecedented and large-scale industry study that sought to understand whether users of its cognitive-behavioral therapy (CBT)-based conversational agent, Woebot, formed therapeutic alliances (or bonds) with the agent compared to traditional face-to-face therapy and other digital interventions that do not deploy a conversational agent. - According to the study, the bond that Woebot formed with
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M&A: Medicus IT Acquires Managed Services Provider HITCare

by Fred Pennic 05/10/2021 Leave a Comment

M&A: Medicus IT Acquires Managed Services Provider HITCare

What You Should Know: -  Medicus IT (MIT), the leading healthcare-focused managed services provider (MSP) based in Alpharetta, Georgia, today announced the acquisition of Health Information Technology Care (HITCare), California's premier healthcare managed IT services provider. Financial details of the acquisition were not disclosed. - The uniting of these leading companies further elevates Medicus IT as one of the largest healthcare focused MSPs in the country and will deliver
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Clover Health Taps Roundtrip to Provide Non-Emergency Transportation Services for Medicare Advantage Members

by Fred Pennic 05/10/2021 Leave a Comment

Roundtrip digital transportation marketplace

What You Should Know: -  Roundtrip, the leading digital healthcare transportation marketplace, announces it is working with Clover Health, an innovative technology company improving health outcomes for America’s seniors, to offer non-emergency medical transportation to Clover’s Medicare Advantage members. The goal of the collaboration is to combat one of the most significant barriers to care for seniors in America: transportation. - Clover members whose plans include
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MedTech Breakthrough Announces 2021 MedTech Breakthrough Award Winners

by Fred Pennic 05/07/2021 Leave a Comment

2019 MedTech Breakthrough Award Category Winners Announced

 MedTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global health and medical technology market, today announced the winners of the organization's fifth annual awards program, showcasing technologies and companies that drive innovation and exemplify the best in digital health and medical technology solutions across the globe. Background & Approach All nominations were evaluated by an independent
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TriHealth Taps Olive to Deploy On-Site AI Command Center Across Enterprise

by Fred Pennic 05/06/2021 Leave a Comment

TriHealth Taps Olive to Deploy On-Site AI Command Center Across Enterprise

What We Should Know: - Olive and TriHealth announced their partnership to deploy Olive’s on-site AI command center, the AlphaSite, across TriHealth’s enterprise. The AI investment will begin with automating revenue-cycle related tasks, such as claims status checks while delivering increased ROI to the TriHealth network.  -  The AlphaSite program — the creation of an on-site AI command center — allows Olive to take a 360-degree approach to transform the entire
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AASM Develops First Clinical Data Registry for Sleep Medicine

by Fred Pennic 05/06/2021 Leave a Comment

AASM Develops First Clinical Data Registry for Sleep Medicine

What You Should Know: - The American Academy of Sleep Medicine (AASM) has developed and launched the first clinical data registry exclusively for sleep medicine. - The AASM Sleep Clinical Data Registry named Sleep CDR will assist medical staff in streamlining meaningful data collection and reporting to help drive high-quality care in sleep medicine. - Approved as a Qualified Clinical Data Registry by the Centers for Medicare & Medicaid Services, Sleep CDR will facilitate
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Glooko Integrates with Eli Lilly’s Connected Insulin Pen Solutions in Global Markets

by Fred Pennic 05/06/2021 Leave a Comment

Glooko Integrates with Eli Lilly’s Connected Insulin Pen Solutions in Global Markets

What We Should Know:  - Glooko Inc., a provider of remote patient monitoring and data management solutions for diabetes and other chronic conditions announced a strategic collaboration with Eli Lilly and Company for people with diabetes that use Lilly’s connected insulin pen solutions.   - The technology collaboration will ease insulin management for people with diabetes and their healthcare providers in markets outside the U.S., via integration of Lilly’s Tempo Pen™ and
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Cellares Secures $82M to Automate Cell Therapy Manufacturing

by Fred Pennic 05/06/2021 Leave a Comment

Cellares Secures $82M to Automate Cell Therapy Manufacturing


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Cerner Begins Search for New CEO, Announces Q1 2021 Earnings

by Fred Pennic 05/06/2021 Leave a Comment

Cerner Begins Search for New CEO, Announces Q1 2021 Earnings

What We Should Know: - On Tuesday, Cerner announced that CEO Brent Shafer and the Board have launched their search for the company’s next CEO. The Board has formed a CEO search committee and has retained a leading executive search firm as part of the CEO succession plan. - Shafer will continue to serve as chairman and CEO until the Board has identified and appointed a successor, after which he will serve as a senior advisor for one year. "Cerner is on the right trajectory, with
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