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Fred Pennic, Editor-in Chief | HIT Consultant

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

Nomad Health Raises $34M to Disrupt Healthcare Staffing Industry

by Fred Pennic 08/15/2019 Leave a Comment

Nomad Health Lands $34M to Revolutionize The Healthcare Staffing Industry

Nomad Health, an NYC-based on-demand medical jobs marketplace platform has raised $34M in new equity and debt financing led by Icon Ventures. The financing also includes additional investment from prior investors Polaris Partners, RRE Ventures, .406 Ventures, and Silicon Valley Bank. Nomad’s mission is to revolutionize healthcare staffing by creating the first online marketplace for healthcare jobs and by bringing the gig economy to healthcare – it is disrupting a multibillion-dollar industry in
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Mayo Clinic Backs Imago Systems to “Re-Visualize” The Mammogram for Breast Cancer Detection

by Fred Pennic 08/15/2019 Leave a Comment

Mayo Clinic Backs Imago Systems to “Re-Visualize” The Mammogram to Detect Abnormalities,

Mayo Clinic has signed a know-how license agreement with Imago Systems, a medical imaging company with an advanced machine learning software that is designed to dramatically improve a clinician’s ability to detect cancer and other abnormalities earlier and more accurately. Imago Pilot DetailsAs part of the know-how license agreement, a breast imaging research specialist at Mayo Clinic will spearhead Imago's pilot and pivotal studies to clinically validate Imago's visual intelligence software as
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Lilly Launches Innovation Challenge to Transform IBD Care Through Digital Health

by Fred Pennic 08/14/2019 Leave a Comment

Lilly Launches Innovation Challenge to Transform IBD Care Through Digital Health

Eli Lilly and Company (NYSE: LLY) is launching an open innovation challenge to encourage individuals and teams across the U.S. to identify and submit pioneering digital health solutions aimed at transforming inflammatory bowel disease (IBD) care. The challenge, "Transforming IBD Care: Better disease monitoring, management, and care for people with inflammatory bowel disease" focuses on innovation in IBD monitoring, condition management or care enhancements.Impact of Inflammatory Bowel Disease
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OSF Ventures Joins $35M Funding Round for Handheld, Exo Ultrasound Device

by Fred Pennic 08/14/2019 Leave a Comment

OSF Ventures Backs $35M Series B Round for Handheld, Exo Ultrasound Platform

 OSF Ventures, the investment arm of OSF HealthCare has joined a $35M Series B funding round to support medical device startup Exo Imaging that’s developing a breakthrough handheld, AI ultrasound device that will allow healthcare providers to make critical, real-time diagnostic decisions.Performance Ultrasound PlatformFounded in 2015, Exo (pronounced “Echo”) is bringing diagnostic-grade medical imaging to the pocket of every caregiver and clinician worldwide. The company is developing an
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Health Data Security: Validic Receives ISO 27001 Certification

by Fred Pennic 08/14/2019 Leave a Comment

Health Data Security: Validic Receives ISO 27001 Certification

Validic, a provider of health data solutions for remote monitoring and virtual engagement, today announced it has received the ISO/IEC 27001: 2013 security certification. The certification follows a rigorous third-party auditing process and underscores Validic's dedication to maintaining the most comprehensive, industry-leading data security standards.As the incidence of data breaches increases both in frequency and severity, it is critical that organizations handling sensitive data have secure,
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Health Innovation Think Tank IV: Experts Share Key Takeaways

by Fred Pennic 08/14/2019 Leave a Comment

Health Innovation Think Tank IV: Experts Share Key Takeaways

The Health Innovation Think Tank, a diverse group of healthcare leaders, innovators and policymakers has announced the availability of key takeaways and actionable best practices for healthcare organizations from one of their five recent events. Health Innovation Think Tank Overview Formed in 2017 by Justin Barnes, the Health Innovation Think Tank includes nearly 200 cross-industry thought leaders. The group provides guest discussion catalysts, public policy updates, executive education
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Medable Joins the American Heart Association’s Center for Health Technology & Innovation Innovators Network

by Fred Pennic 08/14/2019 Leave a Comment

Medable Joins the American Heart Association’s Center for Health Technology & Innovation Innovators Network t

Medable Inc., a provider of digitally-enabled and data-driven clinical trials, will join the American Heart Association’s Center for Health Technology & Innovation (the Center) Innovators Network. The Center is focused on building health-tech relationships to drive innovative and scalable solutions across the health continuum.American Heart Association’s Center for Health Technology & Innovation Innovators NetworkThe Center helps members of its Innovators Network in the healthcare
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HLTH & ATA Partner Up to Highlight Telehealth Solutions, Virtual Care Adoption

by Fred Pennic 08/13/2019 Leave a Comment

HLTH Partners w/ ATA to Highlight Telehealth Solutions, Virtual Care Adoption

HLTH, the largest and most important conference for healthcare innovation announced a new partnership with ATA, the premier organization working to accelerate the adoption of telehealth, to showcase innovations in virtual care that will change the way care is ultimately delivered.Telehealth solutions include digital health, artificial intelligence (AI), virtual care, remote monitoring, and digital therapeutics (DTx), as well as 'store-and-forward' or asynchronous technologies that securely
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Rite Aid’s New CEO, CommonSpirit Health Appoints First Chief Information and Digital Officer, Geisinger’s Chief Nursing Exec, Other Health IT Appointments

by Fred Pennic 08/13/2019 Leave a Comment

Rite Aid CEO

Rite Aid Corporation appoints Heyward Donigan as Chief Executive Officer (CEO) and a member of the Board, effective immediately. John Standley will step down from his role as chief executive officer. Prior to joining Rite Aid, Donigan served as the president and chief executive officer of Sapphire Digital (formerly Vitals), which designs and develops omnichannel platforms that help consumers choose their best-fit healthcare providers. Since 2015, Donigan lead Sapphire Digital's strategy and
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Evolent Health: Investment Firms Increase Their Stock Positions in EVH

by Fred Pennic 08/12/2019 Leave a Comment

Evolent Health

A large number of institutional investors and hedge funds have recently added to or reduced their stakes in Evolent Health Inc. (NYSE: EVH), a company providing an integrated value-based care platform to the nation’s leading provider organizations. The company debuted on the New York Stock Exchange on 6/5/15, raising $195M, and closed above a $1 billion market cap. Here is a look at recent institutional investments in Evolent Health:1. CWM Advisors LLC grew its position in Evolent Health by
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