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Fred Pennic, Editor-in Chief | HIT Consultant

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

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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Bridge Connector Raises $20M to Solve Health IT Interoperability Challenges

by Fred Pennic 04/16/2019 Leave a Comment

Bridge Connector Raises $20M to Solve Health IT Interoperability Challenges

Bridge Connector, a Nashville, TN-based company offering data-driven workflow automation to solve health IT interoperability challenges, has raised $20 million in funding from Axioma Ventures. Their business model aims to create an ecosystem where all health care organizations, regardless of size, can equitably reap the benefits of connected data systems.Sense of Urgency to Achieve Data Interoperability in HealthcareA shared sense of urgency to achieve data interoperability in healthcare,
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MEDITECH Expanse EHR Unveils Labor and Delivery Solution for Nurses

by Fred Pennic 04/16/2019 Leave a Comment

MEDITECH Expanse EHR Unveils Labor and Delivery Solution for Nurses

MEDITECH Expanse Enterprise Health Record (EHR), today announced the launch of Expanse Labor and Delivery solution to help ensure that the transition is safe and seamless from labor through postpartum care. Developed to bridge any gaps between prenatal care, delivery, and postnatal care, the Expanse Labor and Delivery solution allows clinicians to review the complete patient story across the care continuum, while improving patient handoffs, mitigating patient risks, streamlining workflows
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PointClickCare Launches New iOS Mobile App for Senior Living

by Fred Pennic 04/15/2019 Leave a Comment

PointClickCare Launches iOS Mobile App for Senior Living

PointClickCare, a cloud-based software vendor for the long-term and post-acute care (LTPAC) and senior living sectors has launched a new mobile app, PointClickCare Companion. The new mobile app leverages the powerful design possibilities of iOS to change the way senior living providers track and manage the delivery and documentation of care services, medication, and billing.Financial Stress of Senior Living ProvidersSenior living providers have been under increasing financial stress over the
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Request A Virtual Doctor Visit Directly from Google, Bing, Yelp

by Fred Pennic 04/15/2019 Leave a Comment

Request A Virtual Doctor Visit Directly from Google, Bing, Yelp

VSee, a San Jose-based telemedicine company and Doctor.com, a web-wide listings management, reputation, and patient communications platform -- are partnering to create a seamless online patient journey from Google, Bing, Yelp search to virtual visit. Doctor.com’s platform currently serves more than 200K providers and leverages the only partner network in the industry of 50+ integrations, including Google, Bing, Yelp, Healthgrades, Vitals, YP, and other major consumer health destinations.VSee
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2 in 3 Physicians Plan to Use Remote Patient Monitoring in the Future

by Fred Pennic 04/15/2019 Leave a Comment

According to a new study from the Consumer Technology Association (CTA), 68 percent of physician strongly intend to use remote patient monitoring technology in the future. The study, Connected Health and Remote Patient Monitoring: Consumer and Industry Use asked 2,004 U.S. adults about their use of remote patient monitoring technologies in addition to healthcare providers that included 100 primary care physicians, 60 endocrinologists and 40 nurses. CTA also surveyed reimbursement stakeholders
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