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Fred Pennic, Editor-in Chief | HIT Consultant

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

UK Startup Flow Raises $1.5M for Brain Stimulation Headset, Therapy App

by Fred Pennic 07/26/2019 Leave a Comment

Flow Launches Medical-Grade Headset, Therapy App for Depression

Flow, a London-based medical device startup using a brain stimulation headset and therapy app to treat depression has raised $1.5 million in seed funding led by Khosla Ventures. In Europe, Flow has been approved as a Class II medical device intended for use as a treatment for depression – and is the first approved treatment of its kind in Europe available to buy and use at home. The investment will be used to support Flow’s European rollout, introduce Flow to healthcare clinics, and fund
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Backed by Mayo Clinic Study, Eko Launches Cardiac Remote Monitoring App, Eko Home

by Fred Pennic 07/25/2019 Leave a Comment

Eko Duo Receives FDA Clearance to Market Combined Digital Stethoscope/ECG Smart Device

Currently being used in a study by Mayo Clinic, cardiac monitoring app Eko Home enhances outpatient cardiac data collection and demonstrates real world efficacyEko, a Silicon Valley-based digital health company applying machine learning in the fight against heart disease, today announced its cardiac remote monitoring app, Eko Home. The app is a first-of-its-kind service that enables precise remote monitoring of cardiac function using ECG and heart sounds. Eko Home can be used to create drug-data
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UK Medical 3D Printing Startup axial3D Lands $3M to Support US Expansion

by Fred Pennic 07/25/2019 Leave a Comment

UK Medical 3D Printing Startup axial3D Lands $3M to Support US Expansion

axial3D, a U.K.-based, medical 3D printing company specializing in the use of patient-specific medical models to advance both standards and efficiency of surgical intervention has raised $3M in funding led by London-based Imprimatur Capital Fund Management. The round also included participation from an U.S. consortium consisting of a number of surgical angel investors, Techstart Ventures, Clarendon Fund Managers and Innovation Ulster Ltd. What is 3D Printing? 3D printing (also referred to as
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StartUp Health Adds 6 New Healthcare Transformers to its Portfolio

by Fred Pennic 07/25/2019 Leave a Comment

StartUp Health Adds 6 New Healthcare Transformers to its Portfolio

StartUp Health, a platform where health transformers, partners, customers, investors, patients, and caregivers connect and accelerate the progress of the health moonshots announced it has added six new companies to its army of Healthcare Transformers.Every quarter, StartUp Health coaches its army of Health Transformers on how to create value, amplify their story, and ultimately achieve their Health Moonshot. Each company is supported for the entire journey of their business, through multiple
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Joe Kvedar, MD Elected Next President of American Telemedicine Association

by Fred Pennic 07/25/2019 Leave a Comment

JOE KVEDAR, MD, Joe Kvedar Elected Next President of American Telemedicine Association

The American Telemedicine Association (ATA) today announced the election of Joseph C. Kvedar, MD, as President-Elect. Beginning in April 2020, Dr. Kvedar will become President for a year-long term, succeeding John Glaser, Ph.D., Executive Senior Advisor, Cerner, who will become Immediate Past President. Dr. Kvedar Background Dr. Kvedar is Vice President of Connected Health at Partners HealthCare, and Professor of Dermatology at Harvard Medical School. Dr. Kvedar previously served as President of
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Tenet to Spin Off RCM Provider Conifer Health as Separate, Public Company

by Fred Pennic 07/24/2019 Leave a Comment

Tenet to Spin Off RCM Provider Conifer Health as Separate, Public Company

Tenet Healthcare Corporation has announced its intention to pursue a tax-free spin-off of its revenue cycle management business unit Conifer Health as a separate, independent publicly-traded company. The company expects to complete the spin-off by the end of the second quarter of 2021. This announcement is the culmination of the Conifer strategic review process announced in December 2017.Spin-Off ProcessThe separation process will include a thorough review of the necessary executive leadership
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Health Tech VC Firm Flare Capital Partners Closes $255M Fund

by Fred Pennic 07/23/2019 Leave a Comment

Health Tech VC Firm Flare Capital Partners Closes $255M Fund

Healthcare technology venture capital firm, Flare Capital Partners, today announced the closing of its second fund, Flare Capital Partners II, L.P., with a total of $255 million in committed capital. The oversubscribed fundraise follows up its inaugural fund, which was raised in April 2015, and establishes Fund II as one of the largest, independent, dedicated healthcare technology venture capital investment funds. Evolving Healthcare Industry Demands Innovative Business ModelsThe U.S. healthcare
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Pack Health, Glooko Partner to Integrate Real-Time Blood Glucose Monitoring

by Fred Pennic 07/23/2019 Leave a Comment

ACS, Harvard Business School Institute to Develop Value Measurement Tool for Hospitals

Digital health coaching platform Pack Health has announced a partnership with diabetes data management provider Glooko to integrate blood glucose monitoring. The integration will augment diabetes health coaching and care coordination services with remote real-time data for blood glucose control.Pack Health & Glooko Integration DetailsIntegrating data from Glooko's diabetes management app into Pack Health's coaching platform for chronic care management and monitoring will enable Health
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D2 Consulting Acquires Patient Engagement Company WorkUp

by Fred Pennic 07/22/2019 Leave a Comment

D2 Consulting Acquires Patient Engagement Company WorkUp

Life sciences consulting firm D2 Consulting, today announced it has acquired Brooklyn, NY-based patient engagement company WorkUp, Inc. The acquisition expands D2’s existing technology solutions, providing value-added support for clients, including manufacturers, specialty pharmacies, HUBs, payers, pharmacy benefit managers and integrated delivery networks.Founded in 2013 to support high maintenance patients, WorkUp’s patient engagement solution, Status improves operational efficiencies and
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Survey: 91% of Hospital Boards Rely Entirely on Consultants for IT Strategy

by Fred Pennic 07/22/2019 Leave a Comment

Survey: 91% of Hospital Boards Rely Entirely on Consultants for IT Strategy

According to a Black Book survey of C-Suite executives, 91% of hospital boards rely entirely on consultants for IT strategy and advisement rather than the healthcare tech expertise of trustees. In a Q2 2019 poll of 494 C-Suite hospital executives, Black Book sought to identify the technology presence in the boardroom of hospital and health systems.How Tech-Savvy Is Your Hospital Board?The survey reveals over two-thirds of those surveyed had little to no significant tech expertise on their board
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