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Fred Pennic, Editor-in Chief | HIT Consultant

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

Zing Health Raises $140M to Expand Medicare Advantage Plans for Underserved Seniors

by Fred Pennic 09/25/2024 Leave a Comment

Zing Health Raises $140M to Expand Medicare Advantage Plans for Underserved Seniors

What You Should Know:  - Zing Health, a trailblazing Medicare Advantage insurer, has announced a successful $140M funding round. The round includes participation from Health 2047 Capital Partners, CRG, and First Trust Capital Partners, alongside existing investors Newlight Partners, Town Hall Ventures, Health 2047, and Leavitt Equity Partners.   -  The investment will fuel the expansion of Zing Health's integrated, chronic special needs-focused plans to reach more
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Qure.ai Raises $65M to Expand Healthcare AI Solutions Globally

by Fred Pennic 09/25/2024 Leave a Comment

Qure.ai Raises $65M to Expand Healthcare AI Solutions Globally

What You Should Know:  - Qure.ai, a prominent global innovator in healthcare AI, has successfully closed a $65M in Series D funding round led by Lightspeed and 360 ONE Asset, with contributions from Merck Global Health Innovation Fund and Kae Capital. The round also included participation from existing investors, including Novo Holdings, HealthQuad, and TeamFund.  - This substantial investment will accelerate the company's expansion into the US market and other regions, boost
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Everise Acquires CGS Healthcare Vertical, Expands US Footprint and Service Offerings

by Fred Pennic 09/25/2024 Leave a Comment

Everise Acquires CGS Healthcare Vertical, Expands US Footprint and Service Offerings

What You Should Know:  - Everise, a global leader in healthcare customer experience (CX), today announced its acquisition of Continuum Global Solutions' (CGS) healthcare vertical from Skyview Capital.  - Everise's acquisition of CGS's healthcare vertical is a strategic move that will significantly enhance its capabilities in the healthcare CX space.  Expanded Footprint and Service Offerings The acquisition will significantly expand the combined entity's customer base
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PicnicHealth Launches Clinical Services to Enhance Care Management

by Fred Pennic 09/25/2024 Leave a Comment

PicnicHealth Launches Clinical Services to Enhance Care Management

What You Should Know:  - PicnicHealth, a pioneer in real-world data (RWD) and clinical AI has unveiled its new Clinical Services division, featuring a Virtual Clinic for patients and a Virtual Site for life sciences companies. This innovative approach, supported by a team of in-house providers, aims to enhance care management for patients and streamline observational research for life sciences. Virtual Clinic: Empowering Patients &  Observational Research PicnicHealth's
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Humana, Interwell Health Expand Value-Based Kidney Care Agreement to Florida

by Fred Pennic 09/24/2024 Leave a Comment

Humana, Interwell Health Expand Value-Based Kidney Care Agreement to Florida

What You Should Know:  - Humana Inc., a health and well-being company, and kidney care management company Interwell Health are expanding their value-based care agreement to include Florida.  - The expansion will provide eligible Humana Medicare Advantage members living with chronic kidney disease (CKD) and end-stage kidney disease (ESKD) in Florida with access to Interwell’s comprehensive care and specialized resources. Value-Based Care for Improved Outcomes Value-based
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Centivo Raises $75M to Fix America’s Broken Employer Healthcare Model

by Fred Pennic 09/24/2024 Leave a Comment

Centivo Raises $75M to Fix America’s Broken Employer Healthcare Model

What You Should Know:  - Centivo, a healthcare company on a mission to make high-quality healthcare more affordable, today announced a successful $75M funding round, comprising both equity and debt financing.  - The investment included participation from new strategic investors Cone Health Ventures and MemorialCare Innovation Fund, alongside existing financial investors such as B Capital, Cox Enterprises, and others. Addressing the Affordability Crisis Healthcare costs in
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Particle Health Sues Epic Systems, Alleging Antitrust Violations in EHR Market

by Fred Pennic 09/23/2024 Leave a Comment

What You Should Know:  - Particle Health, a company specializing in aggregating and delivering actionable patient data, has filed a federal antitrust lawsuit against Epic Systems Corporation.  - The lawsuit accuses Epic of abusing its dominant position in the electronic health records (EHR) market to hinder competition in the burgeoning payer platform market. Epic's Alleged Anti-Competitive Practices Particle's complaint alleges that Epic is actively thwarting the development of
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Hippocratic AI Secures $17M to Advance Safety-Focused LLMs in Healthcare

by Fred Pennic 09/23/2024 Leave a Comment

Hippocratic AI Secures $53M to Develop Safety-Focused GenAI for Healthcare

What You Should Know:  - Hippocratic AI, a pioneer in developing safety-focused Large Language Models (LLMs) for healthcare, announced today that it has received a significant investment from NVentures, the venture capital arm of NVIDIA.  - The $17M investment, backed also by Greycroft and Leo Shapiro of 7Wire Ventures, adds to Hippocratic AI’s recent Series A round, bringing the total funds raised to an impressive $137M. Collaboration with NVIDIA Hippocratic AI's
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The Role of Stem Cell Therapy in the Future of Personalized Medicine

by Fred Pennic 09/23/2024 Leave a Comment

The Role of Stem Cell Therapy in the Future of Personalized Medicine

In the rapidly evolving landscape of healthcare, personalized medicine is making waves by offering tailored therapies that cater to the unique needs of individual patients. One of the most promising advancements in this field is stem cell therapy, particularly autologous stem cell therapy, which utilizes a patient's own cells to promote healing naturally. Unlike traditional treatments, stem cells have a unique ability to enhance the body’s natural healing process, offering a new dimension of
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Mendel AI’s Hypercube Platform Now Available on Snowflake, Transforming Clinical Data Analysis

by Fred Pennic 09/23/2024 Leave a Comment

Mendel AI's Hypercube Platform Now Available on Snowflake, Transforming Clinical Data Analysis

What You Should Know:  - Mendel AI, a leader in clinical AI, announced the general availability of its groundbreaking Hypercube Platform natively on the Snowflake AI Data Cloud.  - The integration offers healthcare organizations a powerful tool to transform fragmented data into actionable clinical insights, driving advancements in research, operations, and patient outcomes. Hypercube Platform: Redefining Clinical Data Analysis Mendel's Hypercube Platform combines advanced
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