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Fred Pennic, Editor-in Chief | HIT Consultant

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

CoachCare Raises $11M for Virtual Care Management

by Fred Pennic 12/13/2024 Leave a Comment

CoachCare Secures $48M to Expand Remote Patient Monitoring Platform

- CoachCare, a provider of remote patient monitoring (RPM) and virtual care management solutions secures $11M investment from Catalyst Investors, a growth equity firm specializing in technology-enabled services. This latest funding follows a successful year of growth for CoachCare, bringing its total capital raised in 2024 to over $110M.  - In connection with the Catalyst Investors transaction, Kapil Desai has joined CoachCare's Board of Directors. Additionally, Elias Davis, who recently
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Redesign Health Secures $175M to Launch and Scale Healthcare Companies

by Fred Pennic 12/12/2024 Leave a Comment

Redesign Health Secures $175M to Launch and Scale Healthcare Companies

What You Should Know:  - Redesign Health, a venture builder in the healthcare space, has announced a $175M investment for a new fund dedicated to launching and scaling transformative healthcare companies.  - The significant investment, with participation from prominent investors like Declaration Partners and Euclidean Capital, will further solidify Redesign Health's position as a driving force in healthcare innovation. - The new funding will enable Redesign Health to support
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Pleno Closes $25M Series B & Appoints Dr. Vik Vaz as CEO

by Healthcare Executive Hires 12/12/2024 Leave a Comment

Pleno Closes $25M Series B & Appoints Dr. Vik Vaz as CEO

What You Should Know:  - Pleno, an innovative multi-omics diagnostics company, announced it has raised $25M in Series B funding and appointed Dr. Vik Vaz as its new Chief Executive Officer (CEO).  Key investors Deerfield Management, Foresite Capital and Medical Excellence Capital remain committed to supporting the next phase of the company’s growth strategy. - Dr. Vaz, a seasoned leader with extensive experience in the life sciences and medical technology sectors, will guide
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LiveFreely Acquires Sompo Horizon to Expand AI-Powered Caregiving

by Fred Pennic 12/12/2024 Leave a Comment

LiveFreely Acquires Sompo Horizon to Expand AI-Powered Caregiving

What You Should Know:  - LiveFreely Inc., a digital health technology company focused on empowering seniors and their caregivers, has acquired Sompo Horizon, a caregiving benefits provider and subsidiary of Sompo Holdings.  - The strategic acquisition will enable LiveFreely to expand its reach and enhance its platform with integrated caregiving solutions. Enhancing the Circle of Care LiveFreely's flagship product, the BUDDY application, provides seniors with an AI-powered
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Digital Health Trends to Watch in 2025: Rock Health’s Innovation Maturity Curve

by Fred Pennic 12/11/2024 Leave a Comment

Digital Health Trends to Watch in 2025: Rock Health's Innovation Maturity Curve

What You Should Know:  - Rock Health, a a digital health seed fund that supports and invests in early-stage companies announced the launch of its Innovation Maturity Curve. - The Rock Health Innovation Maturity Curve provides a framework for assessing the progress of emerging technologies and predicting their future trajectory. The Innovation Maturity Curve Rock Health's Innovation Maturity Curve tracks digital health trends based on three key factors: Research Publication
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HealthTap Lawsuit Alleged VC Manipulation in Startup Valuations

by Fred Pennic 12/11/2024 Leave a Comment

HealthTap Enters DME Market with Aeroflow Healthcare

What You Should Know:  - Shareholders of HealthTap, Inc., a once-promising telehealth company, have filed a lawsuit against Mohr Davidow Ventures (MDV) and its affiliates, alleging breaches of fiduciary duty and a scheme to dilute minority shareholders and take over the company at a significantly depressed valuation. - The lawsuit claims that MDV, as the controlling shareholder of HealthTap, orchestrated a series of actions that intentionally drove down the company's value, creating
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Capstan Medical Raises $110M to Advance Minimally Invasive Heart Valve Treatment

by Fred Pennic 12/11/2024 Leave a Comment

Capstan Medical Raises $110M to Advance Minimally Invasive Heart Valve Treatment

What You Should Know:  - Capstan Medical, a medical technology company developing innovative solutions for heart valve disease secures $110M in a Series C funding round led by Eclipse with participation from existing investors Yu Galaxy and Intuitive Ventures, and new investment from Gideon Strategic Partners. - Capstan Medical is developing a suite of next-generation heart valve implants and a first-of-its-kind catheter-based robotic delivery platform. Addressing the Global Burden
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KLAS Report Reveals Biggest Challenges to Achieving Enterprise Clinical Communications

by Fred Pennic 12/11/2024 Leave a Comment

What You Should Know:  - A new KLAS report examines the adoption and performance of clinical communication solutions in acute care settings, highlighting vendor strengths and areas for improvement.  - The KLAS report, “Clinical Communications 2024 Which Vendors Best Support Solution Adoption Enterprise-Wide?” emphasizes the importance of solution breadth, ease of deployment, and ongoing vendor support in driving enterprise-wide adoption. PerfectServe Leads in Module
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72% of Independent Contract Nurses Also Hold Full- or Part-Time Jobs

by Fred Pennic 12/10/2024 Leave a Comment

72% of Independent Contract Nurses Also Hold Full- or Part-Time Jobs

What You Should Know:  - Nursa, a nationwide platform connecting nurses with healthcare facilities for per diem shifts, has released the results of a survey examining the work and career preferences of its nurse clinician user base.  - The survey, which gathered responses from over 2,000 nurses across 44 states, provides valuable insights into the growing trend of per diem nursing. - As the healthcare industry continues to evolve, per diem nursing is likely to play an
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Suspect Arrested in UnitedHealthcare CEO Killing After Nationwide Manhunt

by Fred Pennic 12/09/2024 Leave a Comment

Suspect Arrested in UnitedHealthcare CEO Killing After Nationwide Manhunt

What You Should Know:  - After a five-day manhunt, the suspect in the fatal shooting of UnitedHealthcare CEO Brian Thompson has been apprehended. Luigi Mangione, a 26-year-old computer scientist with a history of anti-corporate sentiment, was arrested in Altoona, Pennsylvania, following a tip from a McDonald's employee who recognized him from wanted posters. - Thompson, 50, was killed on December 4th outside the New York Hilton Hotel where he was attending a UnitedHealth Group
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