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Fred Pennic, Editor-in Chief | HIT Consultant

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

CorroHealth Acquires Xtend Healthcare’s RCM Business from Navient

by Fred Pennic 09/19/2024 Leave a Comment

CorroHealth Acquires Xtend Healthcare's RCM Business from Navient

What You Should Know:  - CorroHealth, a healthcare technology and revenue cycle management (RCM) company, has successfully completed its acquisition of Xtend healthcare's RCM business from Navient.  - The acquisition significantly scales CorroHealth's existing RCM capabilities and introduces new patient engagement features. Notably, it adds multichannel patient communication functionalities, a crucial element previously missing from CorroHealth's suite of services. - As part
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Fabric Acquires TeamHealth VirtualCare, Expands Virtual Healthcare Footprint

by Fred Pennic 09/18/2024 Leave a Comment

Fabric Acquires TeamHealth VirtualCare, Expands Virtual Healthcare Footprint

What You Should Know:  - Fabric, a frontrunner in healthcare technology has acquired TeamHealth VirtualCare, a virtual care provider licensed nationwide and part of TeamHealth, a prominent physician practice group in the United States.  - The strategic move marks Fabric's fourth acquisition in 18 months, reinforcing its dedication to providing top-tier, accessible virtual healthcare services to payers, employers, and health systems. Financial details of the acquisition were not
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Mevo Raises $19M to Revolutionize Digital Prescriptions in Brazil

by Fred Pennic 09/18/2024 Leave a Comment

Mevo Raises $19M to Revolutionize Digital Prescriptions in Brazil

What You Should Know:  - Mevo, a digital prescription platform in Brazil, announced today that it has raised $19M in Series B funding.  - The investment round was led by Matrix, with participation from Jefferson River Capital (former Blackstone President and current Costco chairman, Tony James’ family office), and existing investors Floating Point and IKJ Capital. Notable new investors include Elliot Cohen, former Amazon Pharmacy leader and PillPack co-founder. Transforming
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RLDatix Acquires SocialClimb: Expanding Healthcare Operations with Patient Satisfaction and Reputation Management

by Fred Pennic 09/18/2024 Leave a Comment

RLDatix Acquires SocialClimb: Expanding Healthcare Operations with Patient Satisfaction and Reputation Management

What You Should Know:  - RLDatix, a global leader in connected healthcare operations software and services, has announced its acquisition of SocialClimb, a healthcare technology company specializing in patient satisfaction, reputation management, and revenue growth solutions.  - The strategic move will enhance RLDatix's platform, providing healthcare organizations with a comprehensive view of providers and valuable insights into the connection between care quality, provider
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MATTER Selected as BARDA’s Digital Health Hub to Advance Health Security Innovation

by Fred Pennic 09/18/2024 Leave a Comment

MATTER Selected as BARDA's Digital Health Hub to Advance Health Security Innovation

What You Should Know:  - MATTER, a leading healthcare incubator and innovation hub, has been chosen by the Biomedical Advanced Research and Development Authority (BARDA) to establish a Digital Health Hub within the BARDA Accelerator Network.  - This initiative, named Paratus, aims to develop and validate cutting-edge digital health solutions to bolster the nation's preparedness and response to health security threats, ultimately improving the continuum of clinical
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Talkspace Partners with Amazon to Expand Access to Mental Healthcare

by Fred Pennic 09/18/2024 Leave a Comment

Talkspace & Wheel Partner for Holistic Virtual Healthcare: Addressing Mental & Physical Needs

What You Should Know:  - Talkspace, an online behavioral health care provider, today announced a strategic partnership with Amazon Health Services to raise awareness and increase the accessibility of its mental health care services on Amazon.com.  - The collaboration marks Talkspace as the first virtual behavioral health provider to join Amazon's program, enabling individuals to discover and enroll in their health insurance benefits for mental health services at no additional
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Nordic, Microsoft, CHIME to Launch National Rural Health IT Community

by Fred Pennic 09/17/2024 Leave a Comment

Nordic, Microsoft, CHIME to Launch National Rural Health IT Community

What You Should Know:  - Nordic, a global health and technology consulting firm, today announced an initiative with Microsoft and the College of Healthcare Information Management Executives (CHIME) to establish a national Rural Health IT Community.  - The collaborative effort aims to champion policies, programs, and services tailored to the unique needs of rural healthcare, fostering collaboration between rural hospitals and global technology leaders, and promoting the adoption
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Xsolis Launches Next Gen AI-Powered Platform; Saves MultiCare Health $8M

by Fred Pennic 09/17/2024 Leave a Comment

Xsolis Launches Next Gen AI-Powered Platform; Saves MultiCare Health $8M

What You Should Know:  - Xsolis, an AI-driven technology company, today announced the official launch of Dragonfly®, a groundbreaking AI platform designed to streamline administrative tasks, reduce avoidable denials, and enhance collaboration between healthcare providers and payers.  - The launch coincides with Xsolis' annual conference, XCHANGE '24, where healthcare leaders will gather to discuss the future of the industry. Dragonfly®: Driving Efficiencies and Improving
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MedeAnalytics Acquires SubPop Health to Empower Employers with Fiduciary Healthcare Benefits Management

by Fred Pennic 09/17/2024 Leave a Comment

MedeAnalytics Acquires SubPop Health to Empower Employers with Fiduciary Healthcare Benefits Management

What You Should Know:  - MedeAnalytics, a leading provider of healthcare data enrichment platforms and analytics software-as-a-service (SaaS) announced its acquisition of SubPop Health and its key assets specializing in fiduciary procurement marketplaces for employer healthcare benefits.  - SubPop Health, originating from the Hashed Health venture studio, has a proven track record of innovation in the healthcare benefits space. Its marketplace solutions provide employers with
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Nirvana Secures $24.2M for AI-Powered Health Insurance Verification

by Fred Pennic 09/17/2024 Leave a Comment

Nirvana Secures $24.2M for AI-Powered Health Insurance Verification

What You Should Know:  - Nirvana, a health tech startup leveraging AI to revolutionize insurance verification and eligibility secures $24.2M in Series A funding led by Northzone, a global VC firm, with participation from Inspired Capital, Eniac Ventures, and Surface Ventures. - Nirvana's successful Series A funding round highlights the growing recognition of the need for transparency and efficiency in healthcare billing.  Transforming Healthcare Billing
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