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Fred Pennic, Editor-in Chief | HIT Consultant

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

TEAMFund Closes $30M Impact Fund to Invest in Medical Tech Startups Improving Patient Access in Low-Resource Settings

by Fred Pennic 09/18/2019 Leave a Comment

TEAMFund Closes $300M Impact Fund to Invest in Medical Tech Startups

TEAMFund ("Transforming Equity and Access for MedTech") closes $30M inaugural fund to invest in medical tech startups that improve patient access in low-resource settings. TEAMFund invests in commercial-stage companies addressing non-communicable diseases in low-resource settings, with an initial geographic focus in India and Sub- Saharan Africa. TEAMFund has a 10-year horizon and expects to have 8-10 portfolio companies in the Fund with up to 5 years to commit the
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Baptist Health Offers Free Virtual Urgent Visits to All South Florida Residents

by Fred Pennic 09/18/2019 Leave a Comment

Baptist Health Offers Free Virtual Urgent Visits to All South Florida Residents

- Baptist Health South Florida CEO offers all South Florida residents to experience Baptist Health’s Care On Demand urgent care service for free. - South Florida residents can simply use the code FREEURGENTCARE when launching the Care On Demand app for their first virtual visit. Brian E. Keeley, President & CEO of Baptist Health South Florida has invited all South Florida residents to experience Baptist Health’s Care On Demand urgent care service for free in a letter
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HMS Acquires Population Health Analytics Company VitreosHealth for $36M in Cash

by Fred Pennic 09/17/2019 Leave a Comment

HMS Acquires Population Health Analytics Company VitreosHealth for $36M in Cash

 - HMS Holdings Corp acquires VitreosHealth, the first Insights-as-a-Service delivery model for advanced population health analytics for $36M in cash. - HMS is currently using VitreosHealth’s technology as the predictive analytics engine for HMS’ Elli, a risk intelligence solution that is part of the company’s integrated Population Health Management (PHM) portfolio.HMS believes the integration of VitreosHealth will enhance our predictive modeling and analytics capabilities within its PHM
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Former Walgreens Executive Launches New Digital Health Startup, ATX Therapeutics

by Fred Pennic 09/17/2019 Leave a Comment

Former Walgreens Executive Launches Digital Health Startup, ATX Therapeutics

- ATX Therapeutics launches to create evidence-based digital therapeutic products to address specific chronic health conditions and associated risk behaviors - ATX Therapeutics is founded by CEO Adam Falat, who previously led award-winning consumer digital health teams at Walgreens and athenahealth. Former Walgreens executive Adam Falat today announced the launch of his new Austin-TX-based digital health company, ATX Therapeutics. The new company will create evidence-based digital
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Navigating Cancer Lands $26M to Expand Oncology Patient Relationship Management Platform

by Fred Pennic 09/17/2019 Leave a Comment

Navigating Cancer Lands $26M to Expand Oncology Patient Relationship Management Platform

- Navigating Cancer raises $26M in Series D funding in an over-subscribed round (TTCP) for its comprehensive oncology patient relationship management solution. - Navigating Cancer’s PRM platform helps providers manage patient interactions, improve the patient experience, and deliver value-based care more effectively – increasing the flow of communications between in-office visits, which, in turn, boosts patient engagement in their own care. - Funding will enable NC to accelerate innovation of
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Drugmaker Bayer to License One Drop’s Digital Diabetes Management Platform, Leads $40M Series B Funding

by Fred Pennic 09/17/2019 Leave a Comment

Apple to Sell One Drop’s Blood Glucose Monitors in Select Retail Stores

- Drugmaker Bayer leads One Drop’s $40M Series B funding round and enters commercial agreement to license One Drop's digital diabetes management platform in its global bio-digital efforts in therapeutic areas. - Bayer will leverage One Drop's data science and predictive capabilities, and harness its mobile platform to deliver innovative bio-digital solutions across a broad array of therapeutic areas.- One Drop provides personalized health programs to drive sustainable behavior change as part of
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Backed by Optum Ventures, Kaia Health Raises $8M for AI-Driven Digital Therapeutics for Back Pain & COPD

by Fred Pennic 09/17/2019 Leave a Comment

Backed by Optum Ventures, Kaia Health Raises $8M for AI-Driven Digital Therapeutics for Back Pain & COPD

- Digital therapeutics startup Kaia Health raises $8M in funding led by Optum Ventures to support the accelerated execution of clinical trials required to demonstrate efficacy to the FDA.- Kaia Health utilizes multimodal therapy, which combines physical, psychological and educational elements to relieve back pain at home, without medication.- Optum’s investment in Kaia Health will consider use of Kaia Health’s digital therapeutic offerings for back pain and COPD with Optum and UnitedHealth
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Led by Former athenahealth CEO Jonathan Bush, Firefly Health Raises $10.2M for Tech-Enabled Concierge Medicine

by Fred Pennic 09/16/2019 Leave a Comment

Led by Former athenahealth CEO Jonathan Bush, FireFly Health Raises $10.2M for Tech-Enabled Concierge Medicine

- FireFly Health Raises $10M for Tech-Enabled Concierge Medicine, Former athenahealth CEO Jonathan Bush Appointed Executive Chairman- Firefly Health raises $10.2M in Series A funding for technology-powered concierge medicine service led by F-Prime Capital and Oak HC/FT.- athenahealth Co-Founder and former CEO Jonathan Bush appointed as Executive ChairmanFirefly Health, a technology-powered concierge medicine service for average Americans, announced today it has closed $10.2 million in a Series A
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Novo Nordisk Integrates Smart Insulin Pens With Medtronic Continuous Glucose Monitoring (CGM) Devices

by Fred Pennic 09/16/2019 Leave a Comment

Novo Nordisk Integrates Smart Insulin Pens With Medtronic Continuous Glucose Monitoring (CGM) Devices

- Medtronic and Novo Nordisk to develop solutions enabling dosing data from Novo Nordisk Smart Insulin Pens to be shared with Medtronic continuous glucose monitoring devices. - Non-exclusive integration collaboration reflects both companies′commitment to making diabetes management easier by integrating key health technologies. - Novo Nordisk expects to launch its durable smart insulin pens, NovoPen® 6 and NovoPen Echo® Plus, as well as its disposable, pre-filled injection solution starting in
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Cerner Appoints Darrell Johnson as First Chief Marketing Officer

by Fred Pennic 09/16/2019 Leave a Comment

Cerner Appoints Darrell Johnson as First Chief Marketing Officer

- Former Medtronic executive Darrell Johnson joins Cerner as their first SVP and Chief Marketing Officer. - Johnson will oversee marketing, corporate communications and market intelligence in its next wave of growth to introduce its new solutions to the market. Cerner announced today it has appointed Darrell Johnson in the newly created role of Senior Vice President and Chief Marketing Officer where he will be responsible for leading global marketing, corporate communications, and
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