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Fred Pennic, Editor-in Chief | HIT Consultant

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

Cone Health, Babyscripts Expands Partnership to Develop Digital Solutions for Prenatal & Postpartum Health

by Fred Pennic 04/23/2019 Leave a Comment

Cone Health, Babyscripts Expands Partnership to Develop Digital Solutions for Prenatal & Postpartum Health

Babyscripts, a virtual care platform for managing obstetrics, has expanded its partnership with Cone Health, a leading not-for-profit network of healthcare providers in North Carolina. The expanded partnership seeks to develop new digital modules to improve access to high-quality pregnancy care for risk-specific populations.Cone Health’s Expanded Partnership with BabyscriptsAs part of the partnership, Cone Health provides Babyscripts invaluable clinical input, access to clinical staff and
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UnitedHealthcare Tech Accelerator Appoints Matt Miller as Managing Director

by Fred Pennic 04/23/2019 Leave a Comment

UnitedHealthcare Accelerator Powered by Techstars

Today, UnitedHealthcare and Techstars opened applications for the UnitedHealthcare Accelerator Powered by Techstars, which just launched in Minneapolis to collaboratively develop innovations in digital health and wellness. The program will focus on digital health and wellness solutions that help support and enhance the experience of UnitedHealthcare members.UnitedHealthcare Tech Accelerator Application Criteria & DeadlineApplications for the inaugural class are open through May 12, 2019. The
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Censinet Nabs $7.8M for Third-Party Vendor Risk Management Platform

by Fred Pennic 04/23/2019 Leave a Comment

Censinet Nabs $7.8M for Third-Party Vendor Risk Management Platform

Censinet, a third-party risk management company for healthcare providers has raised $7.8 million in Series A funding co-led by HLM Venture Partners and Cedars-Sinai Health System. The Series A round also includes participation from seed investors Schooner Capital, LRVHealth and Excelerate Health Ventures.The Problem with Provider Vendor Risk Management TodayHospitals today work with 700 vendors on average, each requiring a risk assessment that can take eight weeks or more to complete. Due to the
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Fundamental Surgery Becomes First VR Surgical Training Simulation to Gain CPD Accreditation

by Fred Pennic 04/22/2019 Leave a Comment

Fundamental Surgery Becomes First VR Surgical Training Simulation to Gain CPD Accreditation

FundamentalVR, developers of immersive training technology for the surgical community, has announced its platform Fundamental Surgery, which combines virtual reality with haptics (the sense of touch), has received Continuing Professional Development (CPD) accreditation by The Royal College of Surgeons. The accreditation marks Fundamental Surgery as the first surgical simulation that combines VR with haptics (the sense of touch) to receive CPD points. Impact of
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7 Healthcare Trends Advancing and Impacting Growth Initiatives in 2019

by Fred Pennic 04/22/2019 Leave a Comment

7 Healthcare Trends Advancing and Impacting Growth Initiatives in 2019

Definitive Healthcare, a provider of data, intelligence, and analytics on the healthcare provider market, today released results from its 2019 Healthcare Trends Survey. Definitive Healthcare polled over 1,000 healthcare leaders across the provider, biotech, financial services, staffing, life sciences, IT, and consulting verticals to determine which trends they felt were most important, heading into 2019.Here are seven healthcare trends advancing and impacting growth initiatives in the healthcare
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Redox Lands $33M for Scalable Healthcare Data Interoperability Platform

by Fred Pennic 04/18/2019 Leave a Comment

Redox Lands $33M for Scalable Healthcare Data Interoperability Platform

Redox, a Madison, WI-based company that is changing the way healthcare providers and software vendors share data has raised $33 million in Series C funding led by Battery Ventures. The Series C round also included participation from existing investors .406 Ventures, RRE Ventures, and Intermountain Ventures. Finally. A Scalable Way to Exchange Healthcare Data Currently, inconsistent data formats and redundant connections slow, or completely prevent the flow of critical health information,
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TytoCare’s On-Demand Medical Exam Kit Is Exclusively Available at Best Buy

by Fred Pennic 04/17/2019 Leave a Comment

Tyto Care partners with Best Buy to launch TytoHome

TytoCare, an Israeli-based telehealth company is teaming up with Best Buy to make it easier and more convenient for customers to receive healthcare. Tyto Care’s TytoHome is now available exclusively on BestBuy.com for all customers and in select Minnesota Best Buy stores, with in-store availability coming soon in North Dakota, South Dakota, California, and Ohio.TytoHome: How It WorksTytoHome, available for $299.99, is a handheld examination device with attachments that can examine the heart,
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AllyAlign Health Raises $10M to Power Value-Based Care for Seniors

by Fred Pennic 04/17/2019 Leave a Comment

AllyAlign Health Raises $10M to Power Value-Based Care for Seniors

AllyAlign Health, a Richmond-based developer and administrator of Medicare Advantage special need plans that benefit long-term care providers has raised $10M in strategic funding led by McKesson Ventures. Existing investors Heritage Healthcare Innovation Fund, Health Enterprise Partners and the LinkAge Fund also participated in the financing. This brings the total capital raised to over $41 million.AllyAlign Health BackgroundAllyAlign Health (AAH) began reforming the health system in 2014 by
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Mercom: Global Digital Health/Health IT VC Funding Tops $2B in Q1 2019

by Fred Pennic 04/17/2019 Leave a Comment

Mercom: Global Digital Health/Health IT VC Funding Tops $2B in Q1 2019

Global venture capital (VC) funding in digital health/health IT, including private equity and corporate venture capital, reach $2 billion in funding in Q1 2019, according to market research firm Mercom Capital. The Q1 2019 Digital Health (Healthcare IT) Funding and M&A Report reveals $2B in funding across 149 deals compared to $1.4B across 142 deals in Q4 2018. VC funding in Q1 2019 was down 19% compared to the same quarter of last year (Q1 2018) when nearly $2.5 billion was raised in 187
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Value-based Care in America: A Table View of State-by-State Initiatives

by Fred Pennic 04/16/2019 Leave a Comment

Value-based care programs are flourishing across the U.S., with a seven-fold increase in the number of states implementing such initiatives in the past five years, according to a new Change Healthcare report. The report, Value-Based Care in America: State-by-State is the second national study of state healthcare payment programs that reveal 48 states have now implemented value-based care or payment programs, 50% of those programs are multi-payer in scope, and just four states have little or no
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