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Fred Pennic, Editor-in Chief | HIT Consultant

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

Medigate and Cerner Partner to Advance Medical Device Security

by Fred Pennic 12/19/2019 Leave a Comment

3 Major Problems With the Medical Device and Wearables Market in 2019

- Medical device security and management solution Medigate is teaming up with Cerner to make it easier for healthcare organizations to establish and maintain strong network security, manage medical device security risks, and keep operations intact.- The average hospital room has nearly 15 to 20 devices that can connect to the cloud and apps. This is exactly why device security and healthcare technology must work together to ensure the protection of the most sensitive and valuable data.Medigate,
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Paige Raises $45M to Expand AI-Native Digital Pathology Ecosystem to Accelerate Biomarker Discovery

by Fred Pennic 12/18/2019 Leave a Comment

Paige Raises $45M to Expand AI-Native Digital Pathology Ecosystem

- Paige raises $45M in Series B funding  led by Healthcare Venture Partners with participation from Breyer Capital, Kenan Turnacioglu, and others.   - The funding will be used to accelerate commercial efforts of its AI-native digital pathology ecosystem in the U.S., Europe, Brazil, and Canada.    Paige, a NYC-based leader in computational pathology transforming the diagnosis and treatment of cancer, today announced it has closed its Series B funding round of $45 million, bringing the Company’s
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Amazon Comprehend Medical Adds Ontology Linking to Help Clinicians Detect Medication and Medical Conditions in Unstructured Clinical Text

by Fred Pennic 12/18/2019 Leave a Comment

Amazon Comprehend Medical Adds Ontology Linking to Detect Medication and Medical Conditions in Unstructured Clinical Text

- Amazon Comprehend Medical, Amazon’s HIPAA eligible natural language processing service that uses machine learning to find insights in unstructured texts, announced a new capability of linking information to medical ontologies. - The new ontology-linking feature will help clinicians to detect medication and medical conditions in unstructured clinical text. Amazon will now support ICD-10-CM and RxNorm ontologies through Comprehend Medical. Amazon Comprehend, a HIPAA eligible natural language
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Bright Health Lands $635M to Expand Medicare Advantage Plans to More Markets

by Fred Pennic 12/18/2019 Leave a Comment

Bright Health Riases $635M to Expand Medicare Advantage Plans to More Markets

- Bright Health, a diversified consumer-focused healthcare company announced it has raised $635M in Series D funding led by NEA. - The funding will be used to support Bright Health's aggressive growth and hiring as the company continues to strategically expand across products, geographies and consumer bases.- With this round, Bright Health has raised over a billion dollars in equity financing since early 2016, reaching "unicorn status" with a valuation of over $1B. Bright Health, a diversified
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Sun Genomics and DexaFit Partner to Integrate Gut Health Testing

by Fred Pennic 12/17/2019 Leave a Comment

Sun Genomics and DexaFit Partner to Integrate Gut Health Testing

- Sun Genomics partners with DexaFit to integrate gut health testing to offer microbiome analysis and insights at 27 health and wellness clinics nationwide.  - With the addition of Sun Genomics Floré testing, DexaFit is now incorporating microbiome analysis into its approach to give its clients a thorough understanding of their gut DNA or microbiome to further measure and improve their overall health and performance.  Sun Genomics today announced that it is partnering with DexaFit, the
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RSIP Vision Launches AI-Based, 3D Total Hip Replacement Solution

by Fred Pennic 12/17/2019 Leave a Comment

RSIP Vision Launches AI-Based, 3D Total Hip Replacement Solution

- RSIP Vision launches a new AI-based solution that provides a precise automated 3D structure for physicians to better plan surgery. - The new AI-based technology will create a precise fit of the new implant to best fit the patients’ body, enabling a better clinical outcome and an easier recovery.  RSIP Vision, an Israeli global provider of artificial intelligence (AI), computer vision, and image processing technology, announced today a new AI-based total hip replacement solution that
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VirTrial Acquires Virtual Care Management Platform SnapMD

by Fred Pennic 12/16/2019 Leave a Comment

VirTrial Acquires Virtual Care Management Platform SnapMD

- VirTrial acquires SnapMD, a Los Angeles, CA-based full-service enterprise telehealth technology innovator, and solutions provider.- The acquisition supports VirTrial’s goal of making hybrid decentralized clinical trials seamless for sponsors, sites, and patients. - Financial details of the acquisition were not disclosed.VirTrial, a portfolio company of Kinderhook Industries, LLC, announced today the acquisition of SnapMD, an LA-based provider of telemedicine tools and services that improve
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VerityStream Acquires CredentialMyDoc for $9M in Cash

by Fred Pennic 12/16/2019 Leave a Comment

VerityStream Acquires Credentialing & Provider Enrollment Solution CredentialMyDoc for $9M in Cash

- VerityStream acquires CredentialMyDoc, a Savannah, GA-based web-based, software for credentialing and provider for $9M in cash. - The acquisition of CredentialMyDoc bolsters VerityStream’s leadership position in the outpatient facility market segment.VerityStream, f/k/a Verity, a wholly owned subsidiary of HealthStream (Nasdaq: HSTM), which is focused on delivering enterprise-class solutions that are transforming credentialing, enrollment, privileging, and evaluations for healthcare
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Xealth Named Finalist in Accenture’s HealthTech Innovation Challenge

by Fred Pennic 12/13/2019 Leave a Comment

Digital Prescribing Platform Xealth Raises $11M to Expand Digital Health Tools

 - Xealth announces that it is a finalist in Accenture’s HealthTech Innovation Challenge, a recognition that supports innovative approaches and solutions for improving the way people access, manage and finance healthcare in North America.- Selected finalists presented to an exclusive panel of judges comprised of senior executives from globally recognized health companies at one of two regional events. One was held in Boston on Nov. 7 and the second in San Francisco on Dec. 5. For those selected
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Express Scripts Launches First Digital Health Formulary for Apps & Devices

by Fred Pennic 12/12/2019 Leave a Comment

Express Scripts Launches First Digital Health Formulary for Apps & Devices

- Express Scripts launches its first digital health formulary that will allow employers and health plans to effectively manage a fast-growing segment of healthcare while improving access for patients.- Starting in January 2020, Express Scripts Digital Health Formulary will initially include 15 solutions for remote monitoring services and digital therapeutics that aid in the management of eight of the country's most common chronic conditions: diabetes, prediabetes, hypertension, asthma, pulmonary
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