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Fred Pennic, Editor-in Chief | HIT Consultant

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

27 Healthcare Consumer Insight & Digital Engagement Trends to Watch

by Fred Pennic 09/09/2019 Leave a Comment

Healthcare Consumer Insight & Digital Engagement Trends

- Majority of patients are depending on online reviews, ratings, and reputation more than ever when choosing a physician, according to a new Binary Fountain survey. - Recent years have shown explosive growth in the use of digital tools for research into the choice of physician and healthcare needs. - The 2019 “Healthcare Consumer Insight & Digital Engagement survey reveals critical trends into how patients look to online reviews, ratings and brand reputation when it comes to
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AMA Launches Practice Transformation Initiative to Combat Physician Burnout

by Fred Pennic 09/09/2019 Leave a Comment

Physician Burnout Report: Understanding The Impact of Burnout on Healthcare Executives

- The American Medical Association (AMA) launches Practice Transformation Initiative to combat the root causes of physician burnout and dissatisfaction.- The Practice Transformation Initiative will support research and advance evidence-based solutions by collaborating with organizations who are committed to the practice transformation journey.- Initiative features the Physicians Foundation supporting the engagement of interested state medical societies that will recruit health systems and
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Prudential Financial Acquires Insurtech Startup Assurance IQ, for $2.35B

by Fred Pennic 09/06/2019 Leave a Comment

Prudential Financial Acquires Insurtech Startup Assurance IQ, for $2.35B

- Prudential Financial acquires insurtech startup Assurance IQ for a total upfront consideration of $2.35 billion, plus an additional earnout of up to $1.15 billion in cash and equity. - Assurance will become a wholly-owned subsidiary of Prudential under the U.S. Businesses division. - Assurance will add a large and rapidly growing direct-to-consumer channel to Prudential’s financial wellness businesses, significantly expanding the total addressable market of both
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Microsoft, Astrazeneca Launches AI Factory for Health Accelerator in Europe

by Fred Pennic 09/06/2019 Leave a Comment

Microsoft, AstraZeneca Launches AI Factory for Health Accelerator in Europe

- Microsoft and AstraZeneca are joining forces to launch the AI Factory for Health, a European accelerator for AI-focused digital health startups. - The 3-month accelerator program is for startups that offer an innovative health solution based on artificial intelligence technology for patients or health professionals - Created by Microsoft in partnership with the Inria laboratory, the AI Factory unites a community of startups dedicated to the development of innovative solutions based
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Livongo’s Q2’19 Revenue Reaches $41M, Up 156% Y-o-Y

by Fred Pennic 09/06/2019 Leave a Comment

State of Connecticut Launches of Livongo for Diabetes Management Program through State Health Plan

- Livongo reports Q2 19 total revenue of $40.9 million, up 156% year-over-year- 192,934 enrolled Livongo for Diabetes Members, up 140% year-over-year with 38,170 new Livongo for Diabetes Members in Q2- Total Contract Value of $74.2 million, up from $24.8 million in the second quarter of 2018. Livongo Health, Inc. (NASDAQ: LVGO), an Applied Health Signals company empowering people with chronic conditions to live better and healthier lives, today announced financial results for its second quarter
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Withings Move ECG Smartwatch with Instant AFib Detection Debuts in Europe

by Fred Pennic 09/05/2019 Leave a Comment

Withings Move ECG Smartwatch with Instant AFib Detection Debuts in Europe

- Withings Move ECG, the world’s first analog watch to record an electrocardiogram (ECG) on-demand, is now available in Europe, following CE marking for medical devices. - Move ECG syncs automatically with the accompanying Health Mate app, which instantaneously classifies the user’s heart rhythm as AFib or normal sinus rhythm. - Move ECG is available today at the price of €129.95/£129.95 at withings.com and main retail partners and works both on iOS and Android. Withings Move ECG,
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BrightInsight Nabs $25M for Regulated IoT Platform for Biopharma and Medtech

by Fred Pennic 09/05/2019 Leave a Comment

BrightInsight Nabs $25M for Regulated IoT Platform for Biopharma and Medtech

- BrightInsight raises $25M in Series A funding co-led by New Leaf Venture Partners and Eclipse Ventures to further enhance the functionality of its BrightInsight Platform and accelerate global commercialization efforts. - BrightInsight platform enables regulated drugs, devices and SaMDs to ingest and analyze data and deploy regulated recommendations and insights back to patients and providers BrightInsight, San Jose, CA-based global regulated digital health platform for biopharma and
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OptimizeRx Acquires Digital Therapeutics Platform RMDY Health for $16M

by Fred Pennic 09/05/2019 Leave a Comment

OptimizeRx Acquires Digital Therapeutics Platform RMDY Health for $16M

- OptimizeRX acquires RMDY Health, a multipurpose digital therapeutics SaaS platform, for $16 million in cash and equity. - Acquisition will enhance OptimizeRx existing digital platform with technology solutions tailored for digital therapeutics and extends offerings to SaaS-based patient engagement markets. - RMDY will maintain its technology team in Tel Aviv, Israel, and U.S. based personnel and use the OptimizeRx New Jersey HQ. OptimizeRx announced it will acquire RMDY
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Machine Learning Algorithm Can Predict Which Cardiac Patients Are High-Risk Post Discharge

by Fred Pennic 09/04/2019 Leave a Comment

Machine Learning Algorithm Can Predict Which Cardiac Patients Are High-Risk Post Discharge

- New Mayo Clinic peer-reviewed study shows Medial EarlySign’s machine learning algorithm can predict which cardiac patients are at high-risk following discharge. - The analysis was based on electronic health records (EHR), demographics, and social data collected from a cohort of 11,709 unique Mayo Clinic patients who underwent 14,349 PCIs during 14,024 hospital admissions. - The study suggests AI solution can be more effective than traditional models to identify patients at risk of
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Mercy Virtual Integrates With AI Health Monitoring Platform Myia Health

by Fred Pennic 09/04/2019 Leave a Comment

Mercy Virtual Integrates With AI Health Monitoring Platform Myia Health

- Mercy Virtual integrates with intelligent health monitoring platform Myia Health to accelerate the adoption of new patient care and at-risk reimbursement models. - Myia is a digital health platform that collects biometric data from curated sensors, including best in the market and over the counter, Apple and Fitbit. - Mercy Ventures, Mercy’s corporate venture capital group leads $10M Series A funding investment in Myia to further strengthen the partnership. Myia Health,
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