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Fred Pennic, Editor-in Chief | HIT Consultant

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

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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CarePort’s Epic-Built Referral Platform Launches in Epic App Orchard

by Fred Pennic 02/12/2020 Leave a Comment

CarePort’s Epic-Built Referral Platform Launches in Epic App Orchard Marketplace

- CarePort Health, a provider of care coordination and post-acute outcomes management, announces that CarePort Transition Extender is now available in the Epic App Orchard marketplace. - With the Transition Extender, Epic EHR users can embed CarePort Transition, a post-acute referral management application, within their discharge planning workflow to streamline the creation, sending and management of post-acute referrals from directly within the EHR. CarePort Health, a pioneer in
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Wellin5 Acquires Mental Health Journaling and Tracking App Therachat

by Fred Pennic 02/11/2020 Leave a Comment

Wellin5 Acquires Mental Health Journaling and Tracking App Therachat

- Wellin5 acquires Therachat, a HIPAA-compliant smart journaling tool that keeps clients engaged in-between therapy sessions for an undisclosed term. - The acquisition supports Wellin5’s long-term strategy of expansion into the United States telehatlh market.  Wellin5, an innovative online telehealth counseling platform, today announced its acquisition of Therachat, a San Francisco, CA-based mental health platform designed to help therapists, psychologists, and mental health
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CitiusTech Inks Partnership with Google Cloud to Accelerate Digital Transformation

by Fred Pennic 02/10/2020 Leave a Comment

CitiusTech Inks Partnership with Google Cloud to Accelerate Digital Transformation

- CitiusTech announces partnership with Google Cloud to accelerate digital transformation for healthcare organizations. - This partnership brings together Google Cloud’s technology and CitiusTech’s proven understanding of the complex healthcare environment. CitiusTech, a leading provider of healthcare technology services and solutions, today announced a partnership with Google Cloud to accelerate digital transformation and cloud adoption across healthcare organizations. As a Google
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LexaGene Launches Genetic Analyzer for Detection of Pathogens like Coronavirus

by Fred Pennic 02/07/2020 Leave a Comment

LexaGene Launches Genetic Analyzer for Detection of Pathogens like Coronavirus

- LexaGene has created a genetic analyzer that can identify specific bacteria and viruses as well as any antibiotic/antimicrobial resistance that they have, within just one hour. - The device does this completely automatically, without the need for trained lab technicians, by amplifying the genetic material in the sample to identify it, rather than waiting for a culture which can take several days.  LexaGene Holdings, Inc., a biotechnology company that develops genetic analyzers
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NYC Health + Hospitals Launches $4.3M SDoH Programs to Address Food & Housing Insecurities

by Fred Pennic 02/07/2020 Leave a Comment

NYC Health + Hospitals Launches $4.3M SDoH Programs to Address Food & Housing Insecurities

- OneCity Health is the NYC Health + Hospitals-sponsored Performing Provider System (PPS) launches two new programs worth $4.3M in total to address food and housing insecurities among patients of the City’s public health system. - As part of the initiative, OneCity Health will partner with NowPow to utilize their personalized community referral platform to enable community-based organizations to connect patients to available services that are traditionally fragmented and difficult to
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AMA: 7 Physician Digital Health Adoption Trends Driving Digital Transformation

by Fred Pennic 02/06/2020 Leave a Comment

AMA: 7 Physician Digital Health Adoption Trends Driving Digital Transformation

- New AMA survey reveals physicians’ motivations and requirements for adopting digital health adoption and attitudinal shifts from 2016 to 2019. - Adoption of digital tools has grown significantly among all physicians regardless of gender, specialty or age. - Adoption of remote care tools such as tele-visits and remote monitoring had the most movement. - Awareness of most of the emerging technologies such as artificial or augmented intelligence is fairly high. Adoption of digital
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Cerner Sells Off Parts of Healthcare IT Business in Germany and Spain for $248M

by Fred Pennic 02/05/2020 Leave a Comment

Cerner Sells Off Parts of Healthcare IT Business in Germany and Spain for $248M

- Cerner sells off parts of healthcare IT business in Germany and Spain to Germany company CompuGroup Medical SE for EUR 225 million ($247.5M USD). - The acquired assets include "medico" and "Soarian Integrated Care", hospital information systems (HIS) in Germany, Selene, a HIS in Spain, and "Soarian Health Archive", a document archiving solution for healthcare providers. - The sell-off by Cerner reflects the company’s overall growth strategy and optimized approach to portfolio management.
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