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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: Provation Acquires Perioperative Care Coordination Platform ePreop

by Fred Pennic 09/16/2020 Leave a Comment

Provation Acquires Perioperative Care Coordination Platform ePreop

What You Should Know: - Provation announces the acquisition of ePreop, a comprehensive perioperative care coordination, and quality reporting solutions for an undisclosed sum. - Acquisition creates a comprehensive clinical productivity SaaS platform, streamlining workflows, and documentation from patient intake and pre-op through recovery and follow-up. Provation, a software provider of procedure documentation and clinical decision support solutions, backed by Clearlake Capital
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Redox Interoperability Platform Now Available in AWS Marketplace

by Fred Pennic 09/16/2020 Leave a Comment

Redox Interoperability Platform Now Available in AWS Marketplace

What You Should Know: - Today, Redox announced the availability of the Redox EHR Integration in AWS Marketplace. Now, healthcare providers and vendors can access the largest package of pre-built EHR integrations and achieve value from applications more quickly and easily. - The digital transformation of healthcare has gained momentum this year, and AWS is one of many tech giants working to spur innovation in healthcare. AWS Marketplace is a platform that helps healthcare organizations
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Medigate Raises $30M for Medical & IoT Device Security Solution

by Fred Pennic 09/16/2020 Leave a Comment

Medigate Raises $30M for Medical & IoT Device Security Solution

What You Should Know: - Medigate announced $30M in Series B financing to expand its medical and IoT device security solution to ensure patient privacy and safety. - Medigate fuses the knowledge and understanding of medical workflow and device identity and protocols with the reality of today’s cybersecurity threats. With Medigate, hospital networks can safely operate all medical devices on their network, enabling deployment of existing and new devices to patients while ensuring privacy and
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CloudMD Acquires Digital Patient Engagement Platform iMD Health Global for $10M

by Fred Pennic 09/16/2020 Leave a Comment

CloudMD Acquires Digital Patient Engagement Platform iMD Health Global for $10M

What You Should Know: - CloudMD announces it will acquire digital patient engagement platform iMD Health Global for $10M - The integration of iMD’s educational platform will enable CloudMD to provide its entire network of over 3000 healthcare practitioners, specialists, and allied health professionals and almost 3 million patients with valuable educational resources on healthcare issues, treatments, and preventative solutions. CloudMD Software & Services Inc., a Vancouver,
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XRHealth Secures Patent to Incorporate Apple Watch into VR/AR Therapy

by Fred Pennic 09/15/2020 Leave a Comment

XRHealth Secures Patent to Incorporate Apple Watch into VR/AR Therapy

What You Should Know: - XRHealth has just received a patent for its approach to incorporate biofeedback from devices such as an Apple watch into its remote healthcare therapy platform that utilizes virtual/artificial reality (VR/AR). - XRHealth plans to incorporate their VR/AR therapy with the Apple Watch, specifically since the watch has advanced features including a medical-grade, FDA-cleared electrocardiogram (EKG) that measures heartbeat. XRHealth, the leader in extended
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LexaGene Raises $13.29M to Launch Automated Genetic Analyzer Device

by Fred Pennic 09/15/2020 Leave a Comment

LexaGene Raises $13.29M to Launch Automated Genetic Analyzer Device

What You Should Know: - LexaGene's closes CAD$13 million funding round as it prepares to launch its gold standard diagnostic device called MiQLab that applies a proprietary RT-qPCR-based method to analyze each sample's contents for up to 27 different pathogens in approximately one hour. - MiQLab is uniquely open-access, which allows users to customize their tests and create new tests easily. In the case where a new test was needed because of a mutation, the open-access feature allows new
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Lifespeak Lands $42M for Digital Mental Health and Wellness Platform

by Fred Pennic 09/15/2020 Leave a Comment

Lifespeak Lands $42M for Digital Mental Health and Wellness Platform

What You Should Know: - Toronto-based digital mental health and wellness platform, LifeSpeak raises $42M CAD in minority equity investment to accelerate its global growth trajectory. - The platform, offered remotely to employees and health plan members, covers topics such as preventative health, mental health (including depression, anxiety, addiction, isolation, suicide, etc.), marital and relationship advice, parenting, and eldercare. LifeSpeak Inc., a Toronto, ON-based
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Fitbit Awarded Regulatory Clearance in U.S. and Europe for ECG App to Identify AFib

by Fred Pennic 09/14/2020 Leave a Comment

Fitbit Awarded Regulatory Clearance in U.S. and Europe for ECG App to Identify AFib

What You Should Know: - Fitbit has received 510(k) clearance from the FDA, as well as CE marking in the European Union, for its ECG app to assess heart rhythm for atrial fibrillation. The Fitbit ECG App is a simple way people can take an on-the-spot reading of their heart rhythm at any time, including whenever they notice any unusual cardiac symptoms.  - Fitbit Sense is the company’s first device compatible with an ECG app that enables users to take a spot
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Revint Merges with Triage to Deliver Comprehensive Revenue Integrity

by Fred Pennic 09/14/2020 Leave a Comment

Revint Merges with Triage to Deliver Comprehensive Revenue Integrity

What You Should Know: - Revint, a leader in technology-enabled revenue integrity solutions for healthcare providers, announced they will be merging with Triage Consulting Group, one of the nation’s premier healthcare revenue integrity companies. - With this merger, Revint continues to invest in its technology and product solutions that recover revenue through a guaranteed ROI model that hospital systems can depend on. Revint Solutions, a leader in technology-enabled revenue integrity
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Radiology Partners Acquires MEDNAX Radiology Solutions for $885M

by Fred Pennic 09/14/2020 Leave a Comment

Radiology Partners Acquires MEDNAX Radiology Solutions for $885M

What You Should Know: - Radiology Partners acquires MEDNAX Radiology Solutions, a division of MEDNAX, Inc. for $885M in cash. - The acquisition accelerates Radiology Partners’ mission to transform radiology, offer unparalleled clinical value and service at scale, and further elevate the role of radiologists within the healthcare field. Radiology Partners (RP),a radiology practice in the U.S., announced a definitive agreement to acquire MEDNAX Radiology Solutions, a division
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