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Fred Pennic, Editor-in Chief | HIT Consultant

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

Lark, HealthPartners Team Up to Provide AI-Powered Diabetes Management

by Fred Pennic 02/19/2020 Leave a Comment

CDC Recognizes Lark Health's A.I. Diabetes Prevention Program

- Lark Health partners with Minnesota-based HealthPartners to help members better manage their diabetes after a successful pilot program. - Through the new partnership, more than 650,000 HealthPartners members will have access to Lark’s AI-based Diabetes Management Program at no cost. It’s a big step for members in Minnesota, where 8 percent of adults have been diagnosed with diabetes and the total estimated cost of diabetes estimated at $4.7 billion per year. - The partnership follows a
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Maven Raises $45M to Expand On-Demand Virtual Care for Women’s & Family Health

by Fred Pennic 02/19/2020 Leave a Comment

Maven Raises $45M to Expand On-Demand Virtual Care for Women’s & Family Health

- Today, Maven, a women’s and family digital health company, announced it has raised $45 million in Series C funding led by Icon Ventures and including investments from Reese Witherspoon and Natalie Portman. - Maven’s women’s and family telemedicine network expanded rapidly to include 1,700 providers across more than 20 specialties – filling in critical gaps in care. - The company also announced the launch of Maven Wallet: a new feature to help members better manage receipts and expenses
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Report: Digital Health Tools Fail to Keep Up with Patients’ Expectations

by Fred Pennic 02/18/2020 Leave a Comment

Report: The future of the Digital Patient Experience

- New research report from the Center for Connected Medicine (CCM) finds that health system apps and other digital health tools for patients are not providing the best consumer patient experience. - CCM partnered with HIMSS Media to conduct a survey of 136 qualified professionals at U.S. hospitals and health systems in September 2019. - The report reveals that fewer than 1 in 3 respondents believe their organization is providing a best-in-class digital experience for patients. The result
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IBM Watson Health Launches Data-Driven Tool to Optimize Clinical Trials

by Fred Pennic 02/18/2020 Leave a Comment

IBM Watson Health Launches Data-Driven Tool to Optimize Clinical Trials

- Today, IBM announced its data-driven tool, IBM Study Advance that optimizes clinical trial protocol design by providing access to real-world patient population data, a collaborative workplace and standardizing protocol template guidance. - IBM Study Advance’s collaborative workspace is designed to allow near real-time collaboration with study design team members who can manage and assign the team to specific sections of the protocol.  IBM Watson Health today unveiled its newest
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Sharecare Integrates App-Based Tobacco Cessation Program into Digital Health Platform

by Fred Pennic 02/17/2020 Leave a Comment

Sharecare Adds App-Based Mindfulness Program for Tobacco Cessation

- Sharecare integrates MindSciences’ mindfulness-based smoking cessation program called Craving to Quit into their digital health platform. - The Craving to Quit program targets the neurological function that enables habit formation to instead lead the user to curb tobacco use.  Sharecare, the digital health company that helps people manage all their health in one place, and MindSciences, the leader in evidence-based behavior change apps, today announced a partnership to
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Medtronic Acquires AI-Powered Surgical Simulation Platform Digital Surgery

by Fred Pennic 02/17/2020 Leave a Comment

Medtronic Acquires AI-Powered Surgical Simulation Platform Digital Surgery

- Medtronic acquires Digital Surgery, a London-based provider of artificial intelligence (AI) driven surgical data and analytics company Digital Surgery for an undisclosed sum. - The acquisition will accelerate Medtronic’s strategy to provide AI and data within laparoscopic and robotic-assisted surgery. Medtronic, a global provider of medical technology solutions and services, announced the acquisition of Digital Surgery, a London-based privately-held pioneer in surgical artificial
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Innovaccer Raises $70M to Expand Healthcare Data Activation Platform

by Fred Pennic 02/14/2020 Leave a Comment

Innovaccer Unveils InData

- Innovaccer has recently raised $70 million in Series C funding from Tiger Global, Steadview Capital, Dragoneer, Westbridge, Mubadala and M12 (Microsoft’s Venture Fund) bringing their total capital raised to $120 million. - With the latest round of funding, Innovaccer will focus on its vision to help healthcare organizations care as one and scale the unified patient record. Innovaccer Inc., a Silicon Valley-based healthcare data platform company, announced today it has raised a total of
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UK-Based Startup Oxford VR Nabs $12.5M to Expand Automated VR Therapy Platform

by Fred Pennic 02/13/2020 Leave a Comment

UK-Based Startup Oxford VR Nabs $12.5M to Expand Augmented VR Therapy Platform into U.S.

- Automated virtual reality therapy Oxford VR secures a record $12.5M investment to advance its real-world impact in behavioral health, and accelerate clinical leadership in the U.S. - The investment will enable the next-level growth of pioneering immersive therapy for depression, anxiety, and other behavioral health conditions. VR therapy pioneer Oxford VR announced today a landmark $12.5 million Series A funding round led by Optum Ventures and supported by Luminous Ventures. The round
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HealthLynked Acquires Cura Health & ACO Health Partners

by Fred Pennic 02/13/2020 Leave a Comment

Roche Acquires Rest of Foundational Medicine for $2.4B to Enhance Precision Medicine

- HealthLynked acquires Cura Health Management and its wholly-owned subsidiary ACO Health Partners LLC for $1.75M. - The acquisition is expected to contribute approximately $2.25M of revenue and $500k in EBITDA in year one, increasing HealthLynked's consolidated revenues by 47% and reducing the company's current annual cash burn by over 50%.HealthLynked Corp, a nationwide healthcare network focused on care management of its members and a provider of healthcare technologies that connect doctors,
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XRHealth Launches First Virtual Reality TeleHealth Clinic

by Fred Pennic 02/12/2020 Leave a Comment

XRHealth Launches First Virtual Reality TeleHealth Clinic

- XRHealth launches first virtual reality telehealth clinic that will provide VR therapy to patients. - New VR Telehealth Clinic Certified in Massachusetts, Connecticut, Florida, Michigan, Delaware, California, New York, Washington D.C., and North Carolina and is Covered by Medicare and Most Major Insurance Providers. XRHealth, formerly known as VRHealth, the leader in extended reality and therapeutic applications, today announced the first virtual reality telehealth clinics that will
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