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Fred Pennic, Editor-in Chief | HIT Consultant

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

Somatus Lands $64M to Expand Value-Based Kidney Care Model

by Fred Pennic 06/23/2020 Leave a Comment

Somatus Lands $64M to Expand Value-Based Kidney Care Model

What You Should Know: - Somatus raises $64M in Series C funding led by Longitudinal Capital to fuel the expansion of its value-based kidney care model. - Somatus will use the funding to continue to scale its model nationally and invest in technology and product development to better support patients and health plan partners. Somatus, a McLean, VA-based provider of value-based kidney care, today announced it has completed a Series C funding round of $64 million led by Longitude
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Verily, Cognizant Collaborate on Baseline COVID-19 Testing Program

by Fred Pennic 06/23/2020 Leave a Comment

Verily, Cognizant Collaborate on Baseline COVID-19 Testing Program

What You Should Know: - Cognizant has announced its collaboration with Verily Life Sciences to facilitate and help increase easy and efficient COVID-19 testing across the U.S – which will be critical to ensuring the safety of individuals going out and back to work as states reopen. - Through this collaboration, Cognizant is providing a team of its life sciences experts to support Verily’s Baseline COVID-19 Testing Program to increase access to individuals needing to schedule COVID-19
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BrightInsight Raises $40M for Regulated Digital Health Platform for Biopharma & Medtech

by Fred Pennic 06/23/2020 Leave a Comment

BrightInsight Raises $40M Regulated Digital Health Platform for Biopharma & Medtech

What You Should Know: - BrightInsight, provider of the leading global regulated digital health platform for biopharma and medtech, today announced a Series B funding round of $40 million, led by global venture capital and private equity firm, Insight Partners. - Already the partner of choice to four global pharmaceutical leaders—AstraZeneca, Roche, CSL Behring, and Novo Nordisk—the Series B financing will enable BrightInsight to speed up hiring, expand its global footprint and add
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Cedar Nabs $102M to Modernize Patient Financial Experience

by Fred Pennic 06/22/2020 Leave a Comment

Cedar Nabs $102M to Modernize Patient Financial Experience

What You Should Know: - Cedar raises $102M to fuel the next phase of Cedar’s vision of evolving from a patient financial engagement solution to a comprehensive healthcare consumer engagement platform. - Cedar combines healthcare, tech, and design to create a seamless financial experience for every patient. From pre-visit registration to post-visit billing, Cedar personalizes the care journey to take each patient to payment with ease. - The company also announced it has partnered with
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SynsorMed, Charles Barkley Foundation Partner to Combat Health Disparities for Black Americans Impacted by COVID-19

by Fred Pennic 06/22/2020 Leave a Comment

SynsorMed, Charles Barkley Foundation Partner to Combat Health Disparities for Black Americans Impacted by COVID-19

What You Should Know: - Charles Barkley Foundation forms a partnership with health IT company SynsoMed to combat health disparities for Black Americans impacted by the COVID-19 pandemic. - Launches Save Our Selves (S.O.S) Council, comprised of Black influencers, technologists, healthcare professionals, and policymakers concerned about the health of Black Americans. SynsorMed, a Birmingham, AL-based provider of remote patient monitoring (RPM) and chronic care management (CCM)
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Epic MyChart Helps Deliver COVID-19 Drive-Thru Tests at 1,000+ CVS Pharmacies

by Fred Pennic 06/19/2020 Leave a Comment

Epic MyChart Helps Power 1,000+ COVID-19 Drive-Thru Tests for CVS Health

As states cautiously re-open, convenient access to COVID-19 testing is critical so that those who are infected can self-isolate quickly to minimize its spread. EHR leader Epic is helping deliver COVID-19 test results via MyChart as part of an effort to increase nationwide testing capacity being led by CVS Health. Epic's software allows patients to access test results online in a timely and efficient manner. Patients registering for an appointment at the 1,000+ COVID-19 drive-thru test sites
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Kaia Health Lands $26M to Expand AI-Driven Digital Therapeutics for MSK Conditions & COPD

by Fred Pennic 06/19/2020 Leave a Comment

Kaia Health Lands $26M to Expand AI-Driven Digital Therapeutics for MSK Conditions & COPD

What You Should Know: - Digital therapeutics company Kaia Health raises $26M in Series B funding to help grow its digital therapy solutions for musculoskeletal (MSK) conditions, and expand into new conditions. - The investment was led by Optum Ventures, Idinvest and capital300, plus participation from Balderton Capital, Heartcore Capital and Symphony Ventures, an investment partnership with world #1 golfer Rory McIlroy. - Kaia Health’s smartphone-based approach to managing chronic
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Target Offers Team Members Free Access to Virtual Visits Via CirrusMD

by Fred Pennic 06/18/2020 Leave a Comment

Target Offers Team Members Free Access to Virtual Visits Via CirrusMD

What You Should Know: - Target announced a number of new and extended COVID-19 benefits, including access to CirrusMD’s virtual care platform. The platform will provide text-first virtual health care visits for team members to securely text, share images, or video chat with a doctor. Target today announced a number of industry-leading updates and extensions to its pay and benefits including access to virtual care visits. To support the health and safety of its team members during a
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IBM Unveils Watson Works for Data-Driven Insights to Address COVID-19 Return to Workplace Challenges

by Fred Pennic 06/18/2020 Leave a Comment

What You Should Know: - Today, IBM launched Watson Works, a curated set of products that embeds Watson AI models and applications, to help companies navigate many aspects of the return-to-workplace challenge following lockdowns put in place to slow the spread of COVID-19. - Watson Works provides data-driven insights to help employers make informed decisions on workplace re-entry, facilities management, space allocation and other COVID-related priorities. IBM today unveiled Watson
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Verily Launches Healthy at Work Program for COVID-19 Screening & Testing

by Fred Pennic 06/18/2020 Leave a Comment

Verily Launches Healthy at Work Program for COVID-19 Screening & Testing

What You Should Know: - Verily launches Healthy at Work Program providing ongoing COVID-19 screening and testing for a healthy return to work and school to communities across the nation. - The Healthy at Work program combines symptom screening, testing services, and data analytics. Employees, students, or others designated to participate in the program can use the online interface to record health symptoms each day. Today, Verily, an Alphabet company, has announced a new Healthy at
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