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Fred Pennic, Editor-in Chief | HIT Consultant

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

Ginger Lands $50M to Expand On-Demand Mental Health Support Platform

by Fred Pennic 08/06/2020 Leave a Comment

Ginger Lands $50M to Expand On-Demand Mental Health Support Platform

What You Should Know: - Ginger announces $50 Million in Series D funding to expand access to its on-demand mental healthcare system led by Advance Venture Partners and Bessemer Venture Partners; joined by Cigna Ventures and existing investors. - Company has more than tripled revenue over the past year, now brings access to on-demand mental healthcare to millions around the world through 200+ employer clients and leading health plans. Ginger, a San Francisco, CA-based provider of
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Cerner Invests in Xealth to Jointly Develop Digital Health Solutions for Clinicians

by Fred Pennic 08/06/2020 Leave a Comment

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

What You Should Know: - Cerner and Xealth announce a collaboration to foster tighter physician-patient relationships by giving patients easier access to digital health tools. - These assets will be prescribed directly within the physician’s EHR workflow to manage conditions including chronic diseases, behavioral health, maternity care, and surgery preparation. - Cerner and LRVHealth have together invested $6 million in Xealth as part of this agreement, with Cerner and Xealth planning
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Teladoc Health and Livongo Merge in $18.5B Deal: 5 Things to Know

by Fred Pennic 08/05/2020 Leave a Comment

Teladoc Health and Livongo Merge in $18.5B Deal: 5 Things to Know

What You Should Know: - Teladoc Health to merge with Livongo for $18.5B in cash and stock to create a powerhouse leader in consumer-centered virtual care. - Teladoc Health shareholders will own approximately 58 percent and existing Livongo shareholders will own approximately 42 percent of the combined company. - Jason Gorevic, current CEO of Teladoc Health, will be the CEO of the combined company. Teladoc Health (TDOC) and Livongo (LVGO), today announced that they have entered
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Sight Diagnostics Nabs $71M to Expand FDA-Cleared Finger-Prick Blood Analyzer

by Fred Pennic 08/05/2020 Leave a Comment

Sight Diagnostics Nabs $71M to Expand FDA-Cleared Finger-Prick Blood Analyzer

What You Should Know: - Sight Diagnostics, the company behind the first FDA-approved fingerstick Complete Blood Count analyzer, announced it has raised $71 million in Series D funding from leading strategic investors including Koch Industries, OurCrowd, and others. - The Series D round – which more than doubles the company’s total funding to date – will support the expansion of Sight’s commercial operations globally, with a specific focus on the US and UK, and advance its R&D into the
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Centauri Health Acquires AppRev to Enhance Hospital Revenue Cycle Optimization

by Fred Pennic 08/05/2020 Leave a Comment

Centauri Health Acquires AppRev to Enhance Hospital Revenue Cycle Optimization

What You Should Know: - Centauri Health Solutions acquires Applied Revenue Analytics (AppRev) for undisclosed terms to enhance Centauri’s market leadership in hospital revenue cycle optimization. - AppRev delivers technology-enabled revenue cycle optimization services in a Software-as-a-Service (SaaS) model. Centauri Health Solutions (“Centauri” or the “Company”), an innovative healthcare technology and services company, announced today that it has acquired Applied Revenue Analytics
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Innovaccer, CareSignal Partner to Enable Deviceless Remote Patient Monitoring

by Fred Pennic 08/04/2020 Leave a Comment

Innovaccer, CareSignal Partner to Enable Deviceless Remote Patient Monitoring

What You Should Know: - Innovaccer has recently partnered with CareSignal to address healthcare’s urgent need amidst the COVID-19 pandemic: to create and maintain solid, clinically actionable relationships with patients in a new set of predominantly virtual care. - CareSignal offers evidence-based end-to-end support services for chronic medical conditions such as asthma, CHF, COPD, diabetes, depression, hypertension, and hospital discharge support, and maternal health monitoring.
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DAS Health Acquires Managed IT Services and CyberSecurity Company Technology Seed

by Fred Pennic 08/03/2020 Leave a Comment

DAS Health Lands $6M to Accelerate Company Acquisition Strategy

- Both companies’ clients will gain an increased depth of IT and security support, and Technology Seed’s healthcare clients will now have a substantially improved value proposition DAS Health Ventures, Inc., a provider of health IT and management, announced today it completed the acquisition of Technology Seed, LLC, a managed IT and cybersecurity services company based in Salem, NH. This acquisition strengthens DAS’ position in the MSP sector and significantly advances its growth strategy to
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Hinge Health Expands Capabilities to Launch First Digital Musculoskeletal Clinic

by Fred Pennic 08/03/2020 Leave a Comment

Hinge Health Raises $90M to Expand Digital Musculoskeletal Care Solution

What You Should Know: - Hinge Health announces the expansion of its digital MSK clinical capabilities to be the first Digital Musculoskeletal Clinic from prevention to post-surgery care. - Nearly 200 employers expand healthcare access with digital clinic covering the full MSK care continuum; Hinge to add 100+ physical therapists and doctors. Hinge Health, the top-selling musculoskeletal (MSK) solution for employers and health plans, is announcing an expansion of clinical
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Lemonaid Health Raises $33M to Expand On-Demand Consumer Telehealth Platform

by Fred Pennic 07/31/2020 Leave a Comment

Lemonaid Health Closes oversubscribed $33M Series B to expand telehealth services

What You Should Know: - Lemonaid Health, a direct to consumer telehealth company raises $33M in Series B funding to expand the company’s medical team and number of services being offered to patients. - To date, the company has treated more than a million patients online for a variety of medical conditions ranging from erectile dysfunction to sinus infections to depression and anxiety for roughly $25/visit (less than a typical co-pay). Lemonaid Health, a convenient, affordable,
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Cerner Integrates Nuance’s Virtual Assistant Platform with Millennium EHR to Reduce Physician Burnout

by Fred Pennic 07/30/2020 Leave a Comment

Cerner Integrates Nuances Virtual Assistant Platform with Millennium EHR to Reduce Physician Burnout

What You Should Know: - Cerner expands its AI collaboration with Nuance to provide joint customers with more advanced natural language virtual assistant technology to navigate electronic health records (EHRs) using just their voice, giving clinicians more time to spend with patients and less time with a computer. - As part of the expanded collaboration, Nuance will offer Cerner deeply embedded virtual assistant technology that delivers sophisticated conversational
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