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Fred Pennic, Editor-in Chief | HIT Consultant

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

Epicore Biosystems Secures Additional $6M for Sweat-Sensing Wearable Expansion

by Fred Pennic 05/01/2025 Leave a Comment

Epicore Biosystems Raises $26M to Advance Sweat-Sensing Wearables

What You Should Know:  - Epicore Biosystems, a leader in digital health solutions specializing in advanced sweat-sensing wearables, today announced an additional $6M in Series B funding.  - The funding brings the company's total Series B raise to $32M and includes backing from a new San Francisco-based investor and notable angel investors, alongside continued support from existing investors Alumni Ventures and Joyance Partners. This follow-on investment builds upon Epicore’s
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Silver Hill Hospital Selects MEDITECH Expanse EHR to Integrate Care Across Psychiatric Services

by Fred Pennic 05/01/2025 Leave a Comment

Commonwealth Healthcare Corporation to Deploy MEDITECH Expanse EHR

What You Should Know:  - Silver Hill Hospital, a nationally recognized independent, not-for-profit psychiatric hospital, announced its decision to implement the MEDITECH Expanse Electronic Health Record (EHR).  - The implementation will span both its main campus in New Canaan, CT, and its recently rebranded outpatient facility, Silver Hill New York, located in Midtown Manhattan. The move aims to enhance care coordination and patient engagement by consolidating onto a modern,
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Neurogen Biomarking Partners with NeuroX to Accelerate Early Alzheimer’s Detection via Virtual Neurology

by Fred Pennic 05/01/2025 Leave a Comment

Neurogen Biomarking Partners with NeuroX to Accelerate Early Alzheimer's Detection via Virtual Neurology

What You Should Know:  - Neurogen Biomarking announced a strategic partnership with NeuroX, a venture of American TelePhysicians, to integrate specialized virtual neurology services into its brain healthcare ecosystem.  - The collaboration aims to significantly accelerate the early detection of Alzheimer's disease (AD) and Mild Cognitive Impairment (MCI) by providing patients with timely access to expert neurological guidance via telehealth. Reimagining Early Alzheimer's
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M&A: Teladoc Acquires Virtual Mental Health Provider UpLift for $30M+

by Fred Pennic 04/30/2025 Leave a Comment

Teladoc Acquires Virtual Mental Health Provider UpLift for $30M+

What You Should Know:  - Teladoc Health, a global leader in virtual care, announced the acquisition of UpLift, a technology-enabled provider specializing in virtual mental health therapy, psychiatry, and medication management services.  - The deal includes an upfront payment of $30M, with the potential for up to an additional $15 million based on contingent earnout considerations. UpLift generated approximately $15 million in revenue in 2024. Moving forward, UpLift's financial
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Chipiron Secures $17M to Transform MRI Access with Portable Scanner

by Fred Pennic 04/30/2025 Leave a Comment

Chipiron Secures $17M to Transform MRI Access with Portable Scanner

What You Should Know:  - French deeptech startup Chipiron today announced it has raised $17M in a Series A funding round to finalize the development of its compact, affordable MRI system.  - Led by Blast, with participation from the EIC Fund and iXcore, and supported by public funding initiatives including France2030 and the EIC Accelerator, the investment aims to make highly accurate MRI technology accessible worldwide. Tackling MRI Accessibility Challenges Magnetic
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TempoPay Launches Rx Financing Solution to Combat Prescription Non-Adherence Due to Cost

by Fred Pennic 04/30/2025 Leave a Comment

TempoPay Launches Rx Financing Solution to Combat Prescription Non-Adherence Due to Cost

What You Should Know:  - TempoPay, a subsidiary of healthcare financing provider PayMedix announced the launch of TempoPay Rx, a new financing solution specifically designed to help individuals afford prescription medications and address the growing problem of non-adherence driven by cost. - The launch of TempoPay Rx is also positioned as a strategy to lower overall healthcare expenditures. Medication non-adherence is known to lead to worsening health conditions, resulting in
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Verily Receives $14.7M Grant from Michael J. Fox Foundation to Create Rich Molecular Dataset for Parkinson’s Research

by Fred Pennic 04/30/2025 Leave a Comment

Verily Receives $14.7M Grant from Michael J. Fox Foundation to Create Rich Molecular Dataset for Parkinson's Research

What You Should Know:  - Verily, an Alphabet company focused on health data platforms and AI, today announced it has received a significant $14.7M grant from The Michael J. Fox Foundation for Parkinson’s Research (MJFF).  - The funding will support the generation of a comprehensive molecular dataset aimed at accelerating research into Parkinson’s disease. Building on the Personalized Parkinson’s Project The new initiative will leverage and significantly expand upon data
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Basil Systems Secures $11.5M to Expand AI-Powered Intelligence Platform for Life Sciences

by Fred Pennic 04/30/2025 Leave a Comment

Basil Systems Secures $11.5M to Expand AI-Powered Intelligence Platform for Life Sciences

What You Should Know:  - Basil Systems, a provider of an AI-powered product lifecycle intelligence platform tailored for the life sciences industry, announced it has raised a total of $11.5M in funding led by Golden Ventures, with participation from Hearst Ventures and Argosy Capital. - The infusion of capital is earmarked for significant expansion efforts, including enhancing its enterprise BasilIntel SaaS platform, deepening product capabilities, and accelerating the adoption of
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Amazon Pharmacy, Photon Partner to Improve Rx Access + Price Transparency

by Fred Pennic 04/29/2025 Leave a Comment

Amazon Pharmacy Partners w/ Photon to Improve Rx Access + Price Transparency

What You Should Know:  - Photon Health (“Photon”), a prescription network focused on patient choice and transparency announced a collaboration with Amazon Pharmacy, the digital-first online pharmacy known for price transparency and medication access.  - The collaboration integrates Amazon Pharmacy’s real-time inventory availability and dynamic delivery estimates directly into the Photon patient experience platform, aiming to expand access to affordable medications through
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5 Ways Trump Administration Tariffs Are Impacting U.S. Healthcare Now

by Fred Pennic 04/29/2025 Leave a Comment

5 Ways New Trump Administration Tariffs Are Impacting U.S. Healthcare Now

What You Should Know:  - Recent changes to U.S. trade policy under the Trump Administration, including a new baseline tariff on imports, are sending ripples through the healthcare industry, creating significant uncertainty and cost pressures.  - According to recent  analysis by Premier Inc., while a temporary pause on reciprocal tariffs (excluding China) is in effect until early July, the new landscape presents immediate challenges.  Trump Administration Tariffs
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