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Fred Pennic, Editor-in Chief | HIT Consultant

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

Israel Aerospace Develops AI-Based Model to Predict Progression of COVID-19 Patients

by Fred Pennic 06/08/2020 Leave a Comment

Israel Aerospace Develops AI-Based Model to Predict Progression of COVID-19

What You Should Know: - Israel Aerospace Industries (IAI) scientists develop an AI-based model to predict the progression of COVID-19 patients using information from the Sheba Medical Center’s cloud database, harnesses advanced AI, big data, and machine learning technologies.   - The predictive capabilities of the model can alert medical staff on the deterioration of the patient’s condition, thus enhancing patient care and flagging the cases with higher chances of medical
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Report: State of Health IT Private Equity in the Era of COVID-19

by Healthcare Growth Partners (HGP) 06/05/2020 Leave a Comment

Report: State of Health IT Private Equity in the Era of COVID-19

In May, as the U.S. cautiously started to reopen amid intense controversy, HGP polled hundreds of private equity funds across all stages of investment to find out how COVID-19 has impacted deal flow.  Eighty respondents provided their perspective on topics ranging from an appetite for new investments to access to debt to the impact on portfolio companies. Respondent Demographics Effect of COVID-19 on Valuations When asked how they expect overall and Health IT valuations to behave in
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Osso VR Brings Film Industry Level Quality VR Surgical Training to OR

by Fred Pennic 06/04/2020 Leave a Comment

Osso VR Brings Film Industry Level Quality VR Surgical Training to OR

What You Need to Know: - Osso VR rolls out new immersive training experience that has taken a new leap forward in its realism, from the anatomical details of the “patient” to the medical tools and OR environment.  - The training platform is designed for surgeons, sales teams and surgical team trainees to address complexities in learning common procedures and to use new medical devices by providing realistic, haptic-enhanced interactions in an immersive training environment that is
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Evidation Health and HHS to Develop Predictive Algorithm for COVID-19 Detection

by Fred Pennic 06/04/2020 Leave a Comment

Evidation Health and HHS to Develop Predictive Algorithm for COVID-19 Detection

What You Should Know: - HHS’ Biomedical Advanced Research and Development Authority (BARDA) is partnering with Evidation Health on research to develop a predictive algorithm for symptoms of COVID-19 by monitoring first responders to understand susceptibility to infection. - The research will use de-indentifed data self-reported from survey participants and collected from wearable devices to track symptoms of COVID-19 in high-risk individuals. - The goal is to better understand their
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Sharecare Acquires Evidence-Based Behavior Change Apps MindSciences

by Fred Pennic 06/03/2020 Leave a Comment

Sharecare Acquires Evidence-Based Behavior Change Apps MindSciences

What You Should Know: - Sharecare announced the acquisition of Boston-based MindSciences, an evidence-based behavior change suite of apps focused on mental health (anxiety, stress management), smoking cessation, and weight loss/binge eating, and more. - The acquisition rounds out Sharecare’s portfolio of mHealth-based therapeutic programs improving chronic disease risk and overall health outcomes by targeting varying aspects of well-being. - Based on the work of Dr. Judson Brewer, now
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R1 Acquires Cerner RevWorks to Extend Revenue Cycle Capabilities

by Fred Pennic 06/03/2020 Leave a Comment

R1 Acquires Cerner RevWorks to Extend Revenue Cycle Capabilities

R1 RCM Inc., a provider of technology-enabled revenue cycle management services to healthcare providers, today announced that it will acquire Cerner RevWorks services business and commercial, non-federal client relationships. R1’s electronic health record-agnostic revenue cycle platform seamlessly complements a healthcare organization’s infrastructure, quickly driving transformative improvements to net patient revenue and cash flows while reducing operating costs. Integration
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OurCrowd Launches $100M Pandemic Innovation Fund to Invest in Companies on Front Lines of COVID-19

by Fred Pennic 06/02/2020 Leave a Comment

OurCrowd Launches $100M Pandemic Fund to Target Solutions for COVID-19

What You Should Know: - Israeli venture capital platform OurCrowd launches $100M Pandemic Fund to invest in companies on the front lines of COVID-19. - The fund plans to raise $100M to invest in 15-20 companies focused on prevention & containment, treatment & healing, and community & disruption mitigation technology solutions to combat current and future pandemic. OurCrowd, a Jerusalem, Israel-based crowdfunded-venture investment platform, today announced the launch of
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PE Firm Rubicon Technology Partners Acquires Central Logic – M&A

by Fred Pennic 06/02/2020 Leave a Comment

PE Firm Rubicon Technology Partners Acquires Central Logic to Accelerate Growth

What You Should Know: - Private equity firm Rubicon Technology Partners acquires Central Logic, a provider of patient orchestration and tools to accelerate access to care for healthcare organizations. - Rubicon will be aggressively driving Central Logic’s growth with additional cash investments into the business, with a focus on product innovation, sales expansion, delivery and customer support, and the pursuit of acquisition opportunities. Rubicon Technology Partners, a Boulder,
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Same-Day Pharmacy Delivery NowRx Nabs $3M to Expand COVID-19 Pharmacy Delivery

by Fred Pennic 06/01/2020 Leave a Comment

Same-Day Pharmacy Delivery NowRx Nabs $3M to Expand COVID-19 Pharmacy Delivery

What You Should Know: Same-day pharmacy delivery startup NowRx raises $3M in funding from Decathlon Capital to expand COVID-19 related pharmacy deliveries. The coronavirus pandemic has caused demand for pharmacy delivery to jump as pharmacy customers skip the pharmacy lines in favor of quick, convenient, and safe doorstep delivery. NowRx, a Mountain View, CA-based same-day pharmacy delivery company experiencing rapid growth during the coronavirus pandemic, has raised $3M in funding
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Cerner Appoints Jerome Labat New Chief Technology Officer

by Fred Pennic 06/01/2020 Leave a Comment

Cerner Appoints Jerome Labat New Chief Technology Officer

What You Should Know: Cerner appoints former HPE Software executive Jerome Labat Chief Technology Officer to strengthen Cerner’s technology focus and accelerate cloud-enabled SaaS platforms and solutions. Cerner Corporation announced today that Jerome Labat has joined the company as Chief Technology Officer (CTO). As CTO, Labat will lead efforts to strengthen Cerner’s technology focus and accelerate cloud-enabled SaaS platforms and solutions. Labat has extensive experience in
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