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Fred Pennic, Editor-in Chief | HIT Consultant

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

Q3 2019 Digital Health Funding Levels Off At $1.3B, Rock Health Reports

by Fred Pennic 10/02/2019 Leave a Comment

Q3 2019 Digital Health Funding Levels Off At $1.3B, Rock Health Reports

- New Rock Health report finds digital health funding reaches $1.3B in Q3 2019 for a total of $5.5B year to date. - Large digital health funding round are driving the overall funding trend in digital health with the average deal size at $20.9M, in line with 2018’s $21.7M average deal size. - Rock Health projects the number of digital health deals in 2019 will be 5-10% lower than in 2018.Digital health funding reached a total of $1.3B in Q3 2019 for a total of $5.5B year to date, leveling off
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MEDITECH to Offer Expanse EHR Through Google Cloud Platform

by Fred Pennic 10/02/2019 Leave a Comment

MEDITECH to Offer Expanse EHR Through Google Cloud Platform

- MEDITECH Expanse platform will be one of the first EHRs available through Google Cloud Platform (GCP), delivering a new level of digital transformation.  - Collaboration with Google Cloud will securely deliver greater access to patient data, facilitating interoperability, and enhancing scalability.As healthcare organizations look for new ways to enhance health IT interoperability while reducing infrastructure costs, many are turning to the cloud. Today, MEDITECH announced it is expanding the
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Appriss Health Acquires Behavioral Health Platform OpenBeds

by Fred Pennic 10/01/2019 Leave a Comment

Appriss Health Acquires Behavioral Health Platform OpenBeds

- Appriss Health acquires cloud-based behavioral health platform OpenBeds to remove gaps in behavioral health treatment referrals. - OpenBeds ensures that providers don't spend hours of their day manually trying to find treatment facilities for patients, because the data is available to them within minutes.- The acquisition of OpenBeds helps Appriss Health to build on its efforts to address the complex and changing opioid crisis plaguing communities through proven solutions for patient
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Ambry Genetics Launches Paired RNA and DNA Testing for Hereditary Cancer

by Fred Pennic 10/01/2019 Leave a Comment

Ambry Genetics Launches Paired RNA and DNA Testing for Hereditary Cancer

- Ambry launches a new genetic test, +RNAinsight that changes the standard for “clinical grade” testing, with higher accuracy.- +RNAinsight enables clinicians – for the first time ever – to conduct both DNA and RNA genetic testing at the same time.- Ambry is the first and only lab to offer paired RNA and DNA genetic testing for hereditary cancer.Ambry Genetics (Ambry), a clinical genetic testing company, announced today the launch of +RNAinsight, a major advancement in genetic testing.
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Research: Microneedle Biosensors Accurately Detect Patient’s Antibiotic Levels in Real-Time

by Fred Pennic 10/01/2019 Leave a Comment

Research Microneedle Biosensor Accurately Detect Patient’s Antibiotic Levels

- Researchers find microneedle biosensors can be used to monitor the changing concentration of antibiotics in a patient’s system. - Findings published in The Lancet Digital Health, show the sensors enable real-time monitoring of changes in antibiotic concentration in the body, with similar results to those obtained from blood tests. Small, non-invasive patches worn on the skin can accurately detect the levels of medication in a patient's system, matching the accuracy of current
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Providers Struggle to Integrate Revenue Cycle Operations with Clinical Operations

by Fred Pennic 10/01/2019 Leave a Comment

Providers Struggle to Integrate Revenue Cycle Operations with Clinical Operations

- Navigant executive survey conducted by HFMA finds providers struggle to integrate revenue cycle operations with clinical operations. - Survey of 108 hospital and health system chief financial officers and revenue cycle executives find 62% suggest EHR adoption challenges have been equal to or outweighed benefits specific to their organization’s revenue cycle performance.- More than 60% of providers struggle to derive optimal value from their electronic health records (EHRs).Only 3% percent of
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Ajax Health Closes Third $100M MedTech Innovation Fund

by Fred Pennic 09/30/2019 Leave a Comment

Ajax Health Closes Third $100M MedTech Innovation Fund

- Ajax Health raises $100M to close third medtech innovation, Ajax3 led by HealthQuest Capital with participation from Polaris Partners. - Led by Duke Rohlen, Chairman and CEO, Ajax3 quickly follows the $100M raised in April 2019 for Ajax 2. Ajax Health, Menlo Park, CA-based company investing in medical innovation, today announced it has raised $100 million to form its third Medtech innovation fund, Ajax3. The $100M in capital will target investments in companies in the areas of
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WebMD Acquires Digital Health Engagement Solution Aptus Health

by Fred Pennic 09/30/2019 Leave a Comment

WebMD Acquires Digital Health Engagement Solution Aptus Health

- WebMD enters an agreement to acquire Aptus Health, a digital health engagement solution for health and life sciences companies. - The acquisition includes Aptus Health’s core brands Univadis, EngagedMedia, and Tomorrow Networks. - Aptus Health will continue to operate as an independent subsidiary of WebMD, as the companies build on and integrate products, platforms, and services.  WebMD Health Corp today announced that it has entered into an agreement to acquire Aptus Health,
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ECG Management Consultants Joins Siemens Healthineers As Stand-Alone Unit

by Fred Pennic 09/30/2019 Leave a Comment

ECG Management Consultants Joins Siemens Healthineers As Stand-Alone Unit

- ECG Management Consultants joins Siemens Healthineers and will operate as a stand-alone unit as part of the global Enterprise Services business of Siemens Healthineers. - ECG, as a separate consulting business, will continue to focus on strategic, financial, operational, and information technology services and operate independently of the medical technology business of Siemens Healthineers. - As part of the agreement, Siemens Healthineers will acquire a majority stake in ECG
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ResApp Awarded CE Mark for Smartphone-based Diagnostic Test for Adult Respiratory Disease

by Fred Pennic 09/27/2019 Leave a Comment

ResApp Awarded CE Mark for Smartphone-based Diagnostic Test for Adult Respiratory Disease

- ResApp awarded second CE mark for its first smartphone-based diagnostic test for respiratory disease.- CE Mark certification indicates that ResAppDx-EU version 2 meets the essential requirements of all the applicable European regulations as a class IIa medical device and allows for its sale throughout the European Economic Area.- ResAppDx-EU version 2 is a software-only solution that runs on a smartphone and does not require any additional hardware or accessories.ResApp Health Ltd., the
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