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Fred Pennic, Editor-in Chief | HIT Consultant

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

M&A: Gainwell to Acquire HMS for $3.4B in Cash

by Fred Pennic 12/21/2020 Leave a Comment

M&A: Gainwell to Acquire HMS for $3.4B in Cash

What You Should Know: - Veritas Capital (“Veritas”)-backed Gainwell Technologies (“Gainwell”), a leading provider of solutions that are vital to the administration and operations of health and human services programs, today announced that they have entered into a definitive agreement whereby Gainwell will acquire HMS, a technology, analytics and engagement solutions provider helping organizations reduce costs and improve health outcomes. - With over 7,500 employees, Gainwell Technologies
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42 Recently Launched COVID-19 Vaccine Management Solutions to Know

by Fred Pennic 12/18/2020 Leave a Comment

16 COVID-19 Predictions and Trends for 2021 Executive Roundup 12-Available-COVID-19-Vaccine-Management-Solutions-to-Know-In-Depth-1

An in-depth look at twelve recently released COVID-19 vaccine management solutions as COVID-19 vaccines are being distributed nationwide. 1. Microsoft Microsoft launches a COVID-19 vaccine management platform with partners Accenture and Avanade, EY, and Mazik Global to help government and healthcare customers provide fair and equitable vaccine distribution, administration, and monitoring of vaccine delivery. Microsoft Consulting Services (MCS) has deployed over 230 emergency COVID-19
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M&A: Philips Acquires Remote Cardiac Monitoring BioTelemetry for $2.8B

by Fred Pennic 12/18/2020 Leave a Comment

M&A: Philips Acquires Remote Cardiac Monitoring Platform BioTelemetry for $2.8B

What You Should Know: - Philips acquires BioTelemetry, a U.S. provider of remote cardiac diagnostics and monitoring for $72.00 per share for an implied enterprise value of $2.8 billion (approx. EUR 2.3 billion). - With $439M in revenue in 2019, BioTelemetry annually monitors over 1 million cardiac patients remotely; its portfolio includes wearable heart monitors, AI-based data analytics, and services. - BioTelemetry business is expected to deliver double-digit growth and improve its
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Highmark Inks 6-Year Partnership with Google Cloud to Power Living Health Model

by Fred Pennic 12/18/2020 Leave a Comment

Highmark Health Inks 6-Year Partnership with Google Cloud to Power Living Health Model

What You Should Know: - Highmark Health signs six-year strategic partnership agreement with Google Cloud to transform the health experience for patients and caregivers through the development of Highmark Health's new Living Health Model - The Living Health model is designed to eliminate the fragmentation in health care by re-engineering the healthcare delivery model with a more coordinated, personalized, technology-enabled experience. Highmark Health and Google Cloud today announced
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Gladskin’s President Skyler Stein Talks Endolysin Technology – Q/A

by Fred Pennic 12/18/2020 Leave a Comment

Gladskin’s President Skyler Stein Talks Endolysin Technology

We recently spoke with Skyler Stein, President of Dutch biotechnology company Gladskin to learn more about its global endolysin technology that uses its science to improve inflammatory skin conditions by rebalancing the skin microbiome. Gladskin's parent company, Micreos, raised about $36.7M in funding last year for its endolysin technology that is poised to replace many antibiotics and overcome some of the challenges of antimicrobial resistance. HITC: Skyler, can you speak more about
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VHA Innovation Ecosystem Taps MDClone to Leverage Synthetic Data for Faster Healthcare to Veterans

by Fred Pennic 12/17/2020 Leave a Comment

VHA Innovation Ecosystem Taps MDClone to Leverage Synthetic Data for Faster Healthcare to Veterans

What You Should Know: - Data analytics and digital health company MDClone announced a partnership with the Department of Veterans Affairs’ (VA) VHA Innovation Ecosystem to democratize data and provide better, smarter, faster healthcare to U.S Veterans. - By leveraging MDClone’s data platform, the VHA is able to tackle this massive problem by securely accessing, organizing, and analyzing the critical health data of Veterans with the use of synthetic data – a breakthrough method pioneered
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Verily Nabs $700M to Expand Baseline, Verily Health Platforms

by Fred Pennic 12/17/2020 Leave a Comment

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

What You Should Know: - Verily, a subsidiary of Alphabet focused on life sciences and healthcare announced it has raised $700M from current investors, including Alphabet, Silver Lake, Temasek, Ontario Teachers’ Pension Plan and others. - The company plans to use the capital to support rapid expansion of some of Verily’s leading commercial businesses including Baseline, an end-to-end ecosystem designed to make clinical research more efficient; and Verily Health Platforms, which supports
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H1 Secures $58M to Expand Global Healthcare Data Platform

by Fred Pennic 12/17/2020 Leave a Comment

H1 Closes $58 Million Series B Co-Led by IVP and Menlo Ventures

What You Should Know: - H1, the largest database of information on every doctor in the world raises $58M in Series B funding, just six months after raising its Series A round during the pandemic. - H1 is the largest database in the world connecting that provides comprehensive in-depth profiles of more than 9 million healthcare professionals and 16,000 institutions in 70-plus countries, all of which are kept up-to-date weekly.  H1, a global platform for the healthcare
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More Than 45 Million Medical Images Are Openly Accessible Online

by Fred Pennic 12/17/2020 Leave a Comment

More Than 45 Million Medical Images Are Openly Accessible Online

What You Should Know: - CybelAngel tools scanned approximately 4.3 billion IP addresses and detected more than 45 million unique medical images left exposed on over 2,140 unprotected servers across 67 countries including the US, UK, and Germany. - The report highlights the security risks of publicly accessible images containing highly personal information including ransomware and blackmail. The analyst team at CybelAngel, a global leader in digital risk protection, has discovered
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OHSU to Deploy Virtual ICU Across 8 Sites to Extend Care to Patients in Rural Communities

by Fred Pennic 12/16/2020 Leave a Comment

OHSU to Deploy Virtual ICU Across 8 Sites to Extend Care to Patients in Rural Communities

What You Should Know: - With ICU beds near capacity across the United States, GE Healthcare announced a strategic partnership with Oregon Health and Science University (OHSU) that will allow OHSU to oversee and help provide care to ICU patients across eight hospital sites via a “Virtual ICU” (VICU), using the GE Healthcare Mural Virtual Care Solution. - The VICU provides critical care specialists at OHSU with digital tools to deploy hospital defined care protocols to remotely identify
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