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Fred Pennic, Editor-in Chief | HIT Consultant

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

Wellth Lands $10M for Behavioral Economic Platform to Improve Health Outcomes

by Fred Pennic 05/07/2020 Leave a Comment

Wellth Lands $10M for Behavioral Economic Platform to Improve Health Outcomes

What You Should Know: - Digital behavior change startup Wellth closes $10M in Series A funding led by Boehringer Ingelheim and yabeo - DaVita, and others will help drive care plan adherence for high-risk patient populations - Powered by a behavioral economics engine paired with an intuitive, consumer-grade smartphone experience designed to motivate and delight, Wellth rewards members with daily financial incentives for verifying adherence to prescribed care plan.  Wellth, a platform
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LetsGetChecked Nabs $71M for Direct-to-Consumer At-Home Health Testing

by Fred Pennic 05/06/2020 Leave a Comment

LetsGetChecked Nabs $71M for Direct-to-Consumer At-Home Health Testing

LetsGetChecked, a leading direct-to-consumer at-home health testing and insights company, today announced the closing of $71 million in its Series C round of financing co-led by Illumina Ventures and HLM Venture Partners. The round also includes new investors Deerfield, CommonFund Capital, and Angeles Investments and existing investors Transformation Capital, Optum Ventures, and Qiming Venture Partners USA. Nick Naclerio, Founding Partner at Illumina Ventures and Steven Tolle, Partner at HLM
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Philips Unveils Innovative Ultrasound Solution for Pediatric Assessment

by Fred Pennic 05/06/2020 Leave a Comment

Philips Unveils Innovative Ultrasound Solution for Pediatric Assessment

What You Should Know: Philips unveils first of its kind ultrasound solution for pediatric assessment to provide a gentler approach to imaging children.  It combines dedicated transducers, enhanced processing, and software tools that are optimized for the pediatric diagnostic workflow to help improve the experience of both young patients and staff. Royal Philips, a global leader in health technology, announced the ultimate ultrasound
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AdhereHealth Launches COVID-19 Adherence Solution for High Risk Populations

by Fred Pennic 05/06/2020 Leave a Comment

AdhereHealth Launches COVID-19 Adherence Solution for High Risk Populations

What You Should Know:- AdhereHealth launches COVID-19 Adherence Solution to help protect high-risk populations and reduce unnecessary hospitalizations during COVID-19 pandemic.- The new solution combines predictive analytics, proactive outreach and home-delivered pharmacy services to help high-risk patients overcome SDOH challenges and continue taking their prescribed medications throughout the COVID-19 crisis. Nashville, TN-based AdhereHealth today announced the immediate availability of its
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Change Healthcare Buys Back Pharmacy Network for $213M in Cash

by Fred Pennic 05/05/2020 Leave a Comment

Change Healthcare Buys Back Pharmacy Network for $213M in Cash

What You Should Know: - Change Healthcare buys back pharmacy network eRx Network (eRx) for $212.9 million-plus cash on the balance sheet. - eRx Network runs a network connected to about 59,000 pharmacies that process more than 1.5 billion transactions annually and also markets insurance verification, e-prescribing, and claims billing services, among others. Change Healthcare buys back pharmacy unit eRx Network (“eRx”), a leading provider of comprehensive, innovative,
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Medable Lands $25M to Expand Platform for Decentralized Clinical Trials

by Fred Pennic 05/05/2020 Leave a Comment

Medable Lands $25M to Expand Platform for Decentralized Clinical Trials

What You Should Know: - Medable raises $25M in funding to expand global platform for decentralized clinical trials led by GSR Ventures, with additional investment from existing investor PPD, Inc.  - Founded in 2015, Medable’s global decentralized trial platform streamlines design, recruitment, retention and data quality, replacing siloed systems with integrated digital tools, data and interfaces to accelerate trial execution. Medable, Inc., a Palo Alto, CA-based global platform for
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Janssen Pharmaceuticals Collaborates with Alveo on Rapid At-Home COVID-19 Test

by Fred Pennic 05/04/2020 Leave a Comment

Janssen Pharmaceuticals Collaborates with Alveo on Rapid At-Home COVID-19 Test

What You Should Know: - Johnson & Johnson’s Janssen Pharmaceuticals company announced it is working with Alveo Technologies, an innovative diagnostic testing company, to help bring its COVID-19 rapid at-home self-testing platform for viral infectious diseases to market.   - Johnson & Johnson’s Janssen Pharmaceuticals company will work with and fund Alveo to accelerate research and development of be.well . - Alveo will
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CareCentrix Acquires Palliative Care Solution Turn-Key Health

by Fred Pennic 05/04/2020 Leave a Comment

CareCentrix Acquires Palliative Care Solution Turn-Key Health

What You Should Know: - Home care leader CareCentrix announced its acquisition palliative care solution for health plans Turn-Key Health, a move that will help more vulnerable patients heal at home. - The acquisition fully integrates Turn-Key’s palliative care solution into the CareCentrix platform and supports the company’s mission to meet patient needs through an entire episode of care. - With Turn-Key’s data analytics and artificial intelligence, CareCentrix patients will
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The Rise of Teledentistry: Benefits, Use Cases & Adoption Challenges

by Fred Pennic 05/04/2020 Leave a Comment

The Rise of Teledentistry Benefits, Use Cases & Adoption Challenges

Teledentistry is a relatively new practice on the rise for dentists. If you have oral health or dental problems, it can take a while to get an appointment that fits in with your schedule. So, with this new concept, you can quickly connect with a dental professional remotely, and receive access to advice and information.About TeledentistryTeledentistry falls under telehealth, which is a broad concept within professional healthcare delivery. Essentially, telehealth aims to provide patients with a
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Report: How COVID-19 is a Blue Moon Moment for Mental Health Technology

by Fred Pennic 04/30/2020 Leave a Comment

Report: How COVID-19 is a Blue Moon Moment for Mental Health Technology

What You Should Know: - Oxford VR publishes a new position paper ‘The Big Reset: Why COVID-19 presents a blue moon moment for mental health technology.’ - The white paper highlights how the coronavirus crisis has been a greater catalyst for the implementation of telecare in practice, than two decades of many brilliant, but many failed attempts too. Oxford VR, a provider of evidence-based automated VR therapy has published a new position paper ‘The Big Reset:
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