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Fred Pennic, Editor-in Chief | HIT Consultant

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

Consumer Awareness of Personalized Medicine Has Only Grown by 1% YoY Since 2013

by Fred Pennic 05/03/2019 Leave a Comment

Consumer awareness of personalized medicine is up 4% from 2018, according to a new report from Dosis, an AI-powered personalized dosing platform. The 2019 Dosis Personalized and Digital Medicine Consumer Report surveyed more than 1,000 consumers, weighted for the U.S. population, to gain a better understanding of how big the disconnect is between the advances in personalized medicine approaches and general consumer awareness of its benefits.Consumer Awareness of Personalized Medicine Continues
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Misonix Acquires Regenerative Wound Healing Product Theraskin for $97M

by Fred Pennic 05/02/2019 Leave a Comment

Misonix Acquires Regenerative Wound Healing Product Theraskin for $97M

Misonix, Inc., a provider of minimally invasive therapeutic ultrasonic medical devices announced it has entered into a definitive agreement to acquire Solsys Medical, LLC, a privately held regenerative medical company in an all-stock transaction valued at approximately $97 million. The acquisition of Solsys substantially broadens Misonix’s addressable market through wound care solutions that are complementary to its existing products. Theraskin: Real Skin from One Human to Another Solsys
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Amgen, Syapse Partner to Develop Observational Research Analytics for Precision Oncology

by Fred Pennic 05/02/2019 Leave a Comment

Amgen, Syapse Partner to Develop Observational Research Analytics for Precision Oncology

 Amgen, a world leader in biotechnology, and Syapse, a company powering precision medicine insights through its global provider network, today announced a precision medicine collaboration in oncology. Under the terms of the collaboration, Amgen and Syapse will develop observational research analytics to assess treatment outcomes for areas of unmet need in oncology.Generates Insights from Real-World Evidence for Potential Use in Regulatory FilingsThis effort will identify existing patients within
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CirrusMD Lands $15M to Fuel Adoption of Chat-First Virtual Care Solution

by Fred Pennic 05/02/2019 Leave a Comment

CirrusMD Chat-First Virtual Care Platform

CirrusMD, a Denver, CO-based chat-first virtual care solution, today announced that it has raised $15 million in Series B funding led by Drive Capital, Colorado Impact Fund and other prior investors, bringing total funding to-date to $26 million. The company also announced a new contract with Iron Bow as a subcontractor to the United States Department of Veteran Affairs (VA) for improved care access and delivery for the veteran community. Care Without Barriers Founded in 2012 by Blake
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Fitbit Health Solutions Business Grew 70%, $30.5M in Revenue in Q1 2019

by Fred Pennic 05/01/2019 Leave a Comment

Fitbit Health Solutions Business Grew 70%, $30.5M in Revenue in Q1 2019

Fitbit today released its Q1 2019 earnings reporting revenue of $272 million, GAAP net loss per share of $(0.31), non-GAAP net loss per share of $(0.15), GAAP net loss of $(79) million, non-GAAP net loss of $(38) million, cash flow from operations of $(68) million and free cash flow of $(74) million.Q1 2019 Fitbit Health Solutions EarningsFitbit Health Solutions business grew 70% YOY with revenue of $30.5M, which was an important contributing factor to the company’s positive momentum overall in
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Accenture Launches AI-Driven Solution to Tackle Elderly Loneliness

by Fred Pennic 05/01/2019 Leave a Comment

Accenture Launches AI-Driven Solution to Tackle Elderly Loneliness

Accenture has released a groundbreaking new project that uses a unique conversational artificial intelligence to address the challenges of elderly loneliness. The project named Memory Lane is being used by Accenture Interactive and Stockholm Exergi, one of Sweden’s largest energy suppliers to provide an innovative social solution which allows people, particular the elderly, to capture memorable stories for future generations while also providing companionship. Project Memory Lane
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NASSCOM, GE Healthcare Partner to Co-Create Digital Health Solutions in India

by Fred Pennic 05/01/2019 Leave a Comment

NASSCOM, GE Healthcare Partner to Co-Create Digital Health Solutions in India

NASSCOM and GE Healthcare have formed a strategic partnership to foster healthcare innovation to bring digital health solutions to the market in India. NASSCOM CoE-IoT is India’s largest deep-tech Innovation hub for startups that provides a platform for collaborative innovation.Strategic Partnership DetailsThrough NASSCOM’s Center of Excellence-Internet of Things (CoE-IoT), GE Healthcare will work with India-based startups to co-create solutions for real-world healthcare challenges in the areas
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Blue Cross Blue Shield, BHI Launches Data Innovation Challenge

by Fred Pennic 05/01/2019 Leave a Comment

Blue Cross Blue Shield, BHI Launches Data Innovation Challenge

The Blue Cross Blue Shield Association (BCBSA) and Blue Health Intelligence® (BHI) has announced the launch of the BlueCross BlueShield Data Innovation Challenge to develop solutions that increase access to care, enhance patient engagement, and improve care delivery and outcomes. BCBSA and BHI are collaborating with HIMSS and Healthbox, a HIMSS Innovation company, to implement the BlueCross BlueShield Data Innovation Challenge.BlueCross BlueShield Data Innovation Challenge OverviewTo advance
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CMS Approves Livongo As An Enrolled Provider for Medicare Advantage Members

by Fred Pennic 04/30/2019 Leave a Comment

CMS Approves Livongo As An Enrolled Provider for Medicare Advantage Members

Livongo, the leading Applied Health Signals company announced that it has been approved by the Centers for Medicare and Medicaid Services (CMS) as an enrolled provider for Medicare Advantage members. In addition, starting in June, the Livongo for Diabetes program will be available to Medicare Advantage members of Cambia Health Solutions' regional health plans.Empowering America's Senior PopulationCambia reaches nearly 70 million Americans nationwide, including more than two million people in the
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MEDITECH Launches Professional Services Division to Optimize Expanse EHR Implementations

by Fred Pennic 04/30/2019 Leave a Comment

MEDITECH Launches Professional Services Division to Optimize Expanse EHR

EHR vendor MEDITECH has announced the new formation of its Professional Services division designed to optimize its cloud-based Expanse EHR platform. Led by Executive Vice President, Hoda Sayed-Friel, these professional services will complement the company’s Expanse implementation program known as READY. MEDITECH Professional Services Offering Tracks MEDITECH Professional Services two tracks consist of: 1. Implementation Professional Services: On-premise Project Management Leadership,
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