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Fred Pennic, Editor-in Chief | HIT Consultant

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

ResMed to Acquire Home Health Software Provider HEALTHCAREfirst

by Fred Pennic 05/29/2018 Leave a Comment

ResMed to Acquire Home Health Software Provider HEALTHCAREfirst

ResMed, a global leader in connected healthcare solutions, today announced it has entered into a definitive agreement to acquire privately held HEALTHCAREfirst, a provider of software solutions and services for home health and hospice agencies. Financial terms of the acquisition were not disclosed. Founded in 1992, HEALTHCAREfirst offers electronic health record (EHR) software, billing and coding services, and advanced analytics that enable home health and hospice agencies to optimize their
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Philips, Netherlands to Build Ethiopia’s First Specialized Cardiac Care Center

by Fred Pennic 05/29/2018 Leave a Comment

Philips, Netherlands to Build Ethiopia’s First Specialized Cardiac Care Center

Philips, a global leader in health technology, and the governments of Ethiopia and the Netherlands has signed a seven-year agreement to build Ethiopia’s first specialized Cardiac Care Center to address the critical shortage of cardiology services in Ethiopia.Under the terms of the agreement, valued at approximately Euro 40 million, Philips will be responsible for the full turnkey design, construction, equipping and commissioning of the hospital location, as well as staff education and equipment
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Emory and Sharecare Partner to Launch Emory Healthcare Innovation Hub

by Fred Pennic 05/25/2018 Leave a Comment

Emory and Sharecare Partner to Launch Emory Healthcare Innovation Hub

Emory Healthcare and Sharecare, the digital health company helping people manage all their health in one place, today announced the upcoming launch of The Emory Healthcare Innovation Hub powered by Sharecare. Set to launch on September 1, 2018, the Emory Healthcare Innovation Hub will connect Emory Healthcare with an innovation ecosystem where unmet user needs will be identified, and solutions – all focused on putting the patient at the center of care delivery – will be developed, tested and
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Oneview Healthcare Expands Patient Experience Platform to Thailand & UAE

by Fred Pennic 05/25/2018 Leave a Comment

Oneview Healthcare Expands Patient Experience Platform to Thailand & UAE

Oneview Healthcare, PLC (“Oneview”), a global leader in patient experience, today announced an expansion in their global footprint by signing a new contract with Bumrungrad International Hospital (“Bumrungrad”) in Bangkok, Thailand. The new three-year contract involves deploying the Oneview solution in 497 beds and 110 digital signage locations at Bumrungrad’s flagship hospital at Sukhumvit 3 in Bangkok. In addition, an existing Oneview customer, Mediclinic Middle East in the UAE, (part of
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Survey: Only 7% of Healthcare Companies are Unlikely to be GDPR-Compliant

by Fred Pennic 05/25/2018 Leave a Comment

Only 7% of Healthcare Companies are Unlikely to be GDPR-Compliant

Security executives working in healthcare and finance report the most resistance to GDPR, according to survey of 302 C-level security executives conducted by Netspaker. With Friday’s GDPR deadline looming overhead, fifty-seven percent of C-Level executives are re-engineering internal systems and procedures ahead of May 25.The survey of more than 300 C-level security executives, conducted online by Propeller Insights on behalf of Netsparker in March 2018, found that companies are taking the
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CareZone Raises $50M to Expand App-Based Patient Medication Management Platform

by Fred Pennic 05/23/2018 Leave a Comment

CareZone Raises $50M to Expand App-Based Patient Medication Management Platform

CareZone, a San Francisco, CA-based smartphone service for managing chronic health conditions, today announced it has raised $50 million in Series D funding led by NEA. CareZone plans to utilize the funding to expand its consumer reach and continue to grow its network of pharmacy and health partners. The latest round brings the company’s total funding to $150 million.Founded in 2012 by former CEO of Sun Microsystems, Jonathan Schwartz and former Microsoft and Apple engineer, Walter Smith,
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Anthem to Acquire Community-based Palliative Care Provider Aspire Health

by Fred Pennic 05/23/2018 Leave a Comment

Anthem to Acquire Community-based Palliative Care Provider Aspire Health

Anthem, Inc., the country's second largest health insurer, today announced that the company has entered into an agreement to acquire Aspire Health, the nation’s largest non-hospice, community-based palliative care provider. Financial terms of the acquisition were not disclosed and is expected to close in the third quarter of 2018. Founded in 2013 by former U.S. Senator and physician William Frist and Brad Smith, Aspire Health utilizes proprietary predictive clinical and claims-based patient
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Cytox Collaborates with Mayo Clinic to Develop New Algorithms to Evaluate Genetic Based Approaches for Assessing Alzheimer’s Risk

by Fred Pennic 05/23/2018 Leave a Comment

Alzheimer's Clinical Trials Consortium

Cytox, a precision medicine company focused on commercializing polygenic risk scoring (PRS) approaches for assessing genetic risk for developing Alzheimer’s has entered into a research collaboration with Mayo Clinic to test current and develop new proprietary algorithms relating to the diagnosis and prognosis of Alzheimer’s disease. Under the agreement Cytox will assess genetic risk for developing Alzheimer’s disease using its current commercially available approaches developed to run on the
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Iora Health Lands $100M for Relationship-Driven Primary Care Model

by Fred Pennic 05/23/2018 Leave a Comment

Iora Health Lands $100M for Relationship-Driven Primary Care Model

Iora Health, a Boston, MA-based value-based primary care provider focused on Medicare has raised $100 million in Series E funding from global investors including .406 Ventures, Devonshire Investors, F-Prime Capital, Flare Capital Partners, GE Ventures, Humana, Khosla Ventures, Polaris Partners and Temasek. The company plans to utilize the funding to expand operations and invest further development of its proprietary collaborative care IT platform, Chirp that enables Iora's teams to care for
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Hinge Health Study: Exercise Therapy with Wearable Sensors Improves Chronic Knee Pain by 61%

by Fred Pennic 05/23/2018 Leave a Comment

Hinge Health Knee Sensors Man

Hinge Health, a Silicon Valley-based digital health company, today announced the results about the first clinical study, published April 2018 in the Journal of Medical Internet Research demonstrates that a mobile-first, at-home exercise therapy and behavioral coaching solution improves outcomes for chronic knee pain by 61% and elective surgeries by 63% without opioids or surgery (N=162). A cost-benefit analysis estimates that the study’s employer saved $438,000 in avoided surgeries across the
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