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Fred Pennic, Editor-in Chief | HIT Consultant

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

Definitive Healthcare Acquires HIMSS Analytics’ Data Services Business

by Fred Pennic 01/16/2019 Leave a Comment

Definitive Healthcare Acquires HIMSS Analytics’ Data Services Business

Definitive Healthcare, a provider of data, intelligence, and analytics on the healthcare provider market, announced today that it has acquired the vendor data services business of HIMSS Analytics, which includes the Logic, Predict, Analyze and custom research products. The acquisition will build on the Definitive's articulated growth strategy to deliver the most reliable and consistent view of healthcare data and analytics available in the market.“HIMSS Analytics has developed an extraordinarily
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Israeli Telehealth Startup TytoCare Extends Series C, Bringing Total Funds to $33.5M

by Fred Pennic 01/16/2019 Leave a Comment

Israeli Telehealth Startup TytoCare Extends Series C, Bringing Total Funds to $33.5M

TytoCare, an Israeli-based telehealth company, today announced it has extended its Series C funding to add key strategic investors, bringing the total funds raised to $33.5M. This is an extension of the oversubscribed 2018 round led by Ping An Global Voyager Fund with new investors Shenzhen Capital Group of China, Japan’s Itochu, and Sanford Health of the US.Founded in 2012, TytoCare has three telehealth products: TytoHome™ for consumers, TytoPro™ for professionals, and TytoClinic™ for remote
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Heal Expands On-Demand Doctor Calls to Atlanta Metro Area for Aetna Members

by Fred Pennic 01/15/2019 Leave a Comment

Heal Expands On-Demand Doctor Calls to Atlanta Metro Area for Aetna Members

On-demand doctor house call service provider Heal today announced it has joined Aetna’s robust network of high-quality providers in the metro Atlanta area, including Gwinnett, Forsyth, Fulton, Cobb, DeKalb, and Clayton counties. Effective immediately, Aetna Commercial members can schedule house calls with pediatricians, internists and family practice physicians for the same co-pay as a primary care doctor’s office visit.Between 8:00 a.m. and 8:00 p.m., seven days a week, 365 days a year, a
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2018 Healthcare M&A in Review: 4 Trends Reshaping the Healthcare Landscape

by Fred Pennic 01/14/2019 Leave a Comment

2018 Healthcare M&A in Review: 4 Trends Reshaping the Healthcare Landscape

The trend of mergers between large healthcare provider organizations continued in 2018, as the average size in revenue of sellers (defined as the smaller of two organizations in a transaction) reached $409 million, according to Kaufman Hall's new report, 2018 M&A in Review: A New Healthcare Landscape Takes Shape. This is the highest figure seen since Kaufman Hall began tracking this metric in 2008. It also represents a compound annual growth rate (CAGR) of almost 14 percent in the average
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aMoon II Raises $600M Digital Health Fund to Invest in Mid to Late-Stage Companies

by Fred Pennic 01/11/2019 Leave a Comment

aMoon II

Israeli-based health tech and life sciences venture fund aMoon II has raised $600 million from investors and aims to raise up to $750 million by its close in February, Reuters reported. The fund's objective is to generate strong investment returns by partnering with promising mid-late-stage companies in Israel and in select other global centers of healthtech innovation.aMoon II Investment FocusFounded in 2018,  aMoon II secured a $250 million investment commitment from Credit Suisse’s asset
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HealthStream Acquires Providigm for $18M in Cash to Drive Quality Outcomes

by Fred Pennic 01/10/2019 Leave a Comment

HealthStream Acquires Providigm for $18M in Cash to Drive Quality Outcomes

HealthStream, a provider of workforce and provider solutions for the healthcare industry, today announced that it has acquired Providigm LLC, a Denver-based company focused on quality assurance and performance improvement in healthcare, primarily serving skilled nursing facilities for approximately $18 million in cash. HealthStream adds to its workforce development solutions with a comprehensive quality management system created by Providigm, known as “abaqis,” which is the leading SaaS-based
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Halo Communications Launches Halo Patient Coordinator for Team-based Care Coordination

by Fred Pennic 01/10/2019 Leave a Comment

Halo Communications Launches Halo Patient Coordinator for Team-based Care Coordination

Halo Communications (formerly known as DocHalo), today announced the launch of Halo Patient Coordinator will give doctors and nurses the ability to focus mobile and collaborative care around individual patients by allowing teams to be created, managed and adjusted automatically — providing real-time updates, case-by-case EMR syncing, and much more.A product offering available within Halo’s Clinical Communication Platform, Halo Patient Coordinator allows patient care teams to be created, managed
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Vocera Launches Wearable Smartbadge to Redefine Healthcare Communication

by Fred Pennic 01/09/2019 Leave a Comment

Vocera Launches Wearable Smartbadge to Redefine Healthcare Communication

Vocera Communications, Inc., a provider of clinical communication and workflow solutions has announced the launch of a new category of wearable communication devices that enables clinician agility and accelerates patient care. The Vocera Smartbadge combines smartphone usability with the hands-free freedom of the Vocera Badge to redefine healthcare communication.Based on two decades of customer feedback, the Smartbadge carves out a new category of wearable mobile communication devices and
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Providence Ventures Closes $150M Fund to Foster Healthcare Innovation

by Fred Pennic 01/09/2019 Leave a Comment

Providence Ventures Closes $150M Fund to Foster Healthcare Innovation

Providence Ventures, the Venture capital arm of Providence St. Joseph Health (PSJH) has announced a second $150 million healthcare venture capital and growth equity fund. Founded in 2014, Providence Ventures manages $300 million in venture capital funds on behalf of Providence St. Joseph Health (PSJH), the nation's third-largest health system.  Providence Ventures Second Health Fund Focus AreasProvidence Venture's investment strategy is focused on identifying the best opportunities that align
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Philips Cares App Launches to Digitize the Aging and Caregiving Experience

by Fred Pennic 01/08/2019 Leave a Comment

Philips Cares App Launches to digitize the aging and caregiving experience

Role reversal, complexity and cost put tremendous strain on families as they go through the challenges of aging. To help family caregivers be there for their loved ones, easing and enriching their aging journey, Philips launched Philips Cares app at CES. Whether caring for a loved one or for themselves, Philips Cares Aging & Caregiving service is a digital experience that enables people to easily form and activate a care circle of trusted family and friends, access meaningful insights into
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