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Fred Pennic, Editor-in Chief | HIT Consultant

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

UK Medical 3D Printing Startup axial3D Lands $3M to Support US Expansion

by Fred Pennic 07/25/2019 Leave a Comment

UK Medical 3D Printing Startup axial3D Lands $3M to Support US Expansion

axial3D, a U.K.-based, medical 3D printing company specializing in the use of patient-specific medical models to advance both standards and efficiency of surgical intervention has raised $3M in funding led by London-based Imprimatur Capital Fund Management. The round also included participation from an U.S. consortium consisting of a number of surgical angel investors, Techstart Ventures, Clarendon Fund Managers and Innovation Ulster Ltd. What is 3D Printing? 3D printing (also referred to as
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StartUp Health Adds 6 New Healthcare Transformers to its Portfolio

by Fred Pennic 07/25/2019 Leave a Comment

StartUp Health Adds 6 New Healthcare Transformers to its Portfolio

StartUp Health, a platform where health transformers, partners, customers, investors, patients, and caregivers connect and accelerate the progress of the health moonshots announced it has added six new companies to its army of Healthcare Transformers.Every quarter, StartUp Health coaches its army of Health Transformers on how to create value, amplify their story, and ultimately achieve their Health Moonshot. Each company is supported for the entire journey of their business, through multiple
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Joe Kvedar, MD Elected Next President of American Telemedicine Association

by Fred Pennic 07/25/2019 Leave a Comment

JOE KVEDAR, MD, Joe Kvedar Elected Next President of American Telemedicine Association

The American Telemedicine Association (ATA) today announced the election of Joseph C. Kvedar, MD, as President-Elect. Beginning in April 2020, Dr. Kvedar will become President for a year-long term, succeeding John Glaser, Ph.D., Executive Senior Advisor, Cerner, who will become Immediate Past President. Dr. Kvedar Background Dr. Kvedar is Vice President of Connected Health at Partners HealthCare, and Professor of Dermatology at Harvard Medical School. Dr. Kvedar previously served as President of
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Tenet to Spin Off RCM Provider Conifer Health as Separate, Public Company

by Fred Pennic 07/24/2019 Leave a Comment

Tenet to Spin Off RCM Provider Conifer Health as Separate, Public Company

Tenet Healthcare Corporation has announced its intention to pursue a tax-free spin-off of its revenue cycle management business unit Conifer Health as a separate, independent publicly-traded company. The company expects to complete the spin-off by the end of the second quarter of 2021. This announcement is the culmination of the Conifer strategic review process announced in December 2017.Spin-Off ProcessThe separation process will include a thorough review of the necessary executive leadership
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Health Tech VC Firm Flare Capital Partners Closes $255M Fund

by Fred Pennic 07/23/2019 Leave a Comment

Health Tech VC Firm Flare Capital Partners Closes $255M Fund

Healthcare technology venture capital firm, Flare Capital Partners, today announced the closing of its second fund, Flare Capital Partners II, L.P., with a total of $255 million in committed capital. The oversubscribed fundraise follows up its inaugural fund, which was raised in April 2015, and establishes Fund II as one of the largest, independent, dedicated healthcare technology venture capital investment funds. Evolving Healthcare Industry Demands Innovative Business ModelsThe U.S. healthcare
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Pack Health, Glooko Partner to Integrate Real-Time Blood Glucose Monitoring

by Fred Pennic 07/23/2019 Leave a Comment

ACS, Harvard Business School Institute to Develop Value Measurement Tool for Hospitals

Digital health coaching platform Pack Health has announced a partnership with diabetes data management provider Glooko to integrate blood glucose monitoring. The integration will augment diabetes health coaching and care coordination services with remote real-time data for blood glucose control.Pack Health & Glooko Integration DetailsIntegrating data from Glooko's diabetes management app into Pack Health's coaching platform for chronic care management and monitoring will enable Health
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D2 Consulting Acquires Patient Engagement Company WorkUp

by Fred Pennic 07/22/2019 Leave a Comment

D2 Consulting Acquires Patient Engagement Company WorkUp

Life sciences consulting firm D2 Consulting, today announced it has acquired Brooklyn, NY-based patient engagement company WorkUp, Inc. The acquisition expands D2’s existing technology solutions, providing value-added support for clients, including manufacturers, specialty pharmacies, HUBs, payers, pharmacy benefit managers and integrated delivery networks.Founded in 2013 to support high maintenance patients, WorkUp’s patient engagement solution, Status improves operational efficiencies and
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Survey: 91% of Hospital Boards Rely Entirely on Consultants for IT Strategy

by Fred Pennic 07/22/2019 Leave a Comment

Survey: 91% of Hospital Boards Rely Entirely on Consultants for IT Strategy

According to a Black Book survey of C-Suite executives, 91% of hospital boards rely entirely on consultants for IT strategy and advisement rather than the healthcare tech expertise of trustees. In a Q2 2019 poll of 494 C-Suite hospital executives, Black Book sought to identify the technology presence in the boardroom of hospital and health systems.How Tech-Savvy Is Your Hospital Board?The survey reveals over two-thirds of those surveyed had little to no significant tech expertise on their board
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ELLKAY Acquires X-link to Expand Healthcare Interoperability Footprint

by Fred Pennic 07/19/2019 Leave a Comment

ELLKAY Acquires X-link to Expand Healthcare Interoperability Footprint

ELLKAY, LLC, a provider of healthcare connectivity and interoperability solutions has acquired the assets of Tampa-based Legal Easy, Inc., including the industry-leading X-Link medical software interfacing solution. With the strategic acquisition, ELLKAY expands its healthcare footprint and empowers providers with an easier, more cost-effective way to achieve Promoting Interoperability (PI) objectives and quality measures. In addition, the acquisition strengthens ELLKAY’s core mission of
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Stanford, Sutter Health to Explore Joint Cancer Care Services in East Bay

by Fred Pennic 07/19/2019 Leave a Comment

Stanford Health Care and Sutter Health have signed a letter of intent to explore opportunities to jointly provide cancer care for patients and their families in the East Bay region of the San Francisco/Oakland metropolitan area. The intent of the collaboration is to increase access to high-quality cancer care for patients as close to home as possible by building on the strength of Stanford’s leadership in cancer care and clinical research, the Stanford Medicine network and Sutter’s integrated
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