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Jasmine Pennic | HIT Consultant

Cognizant and XPRIZE Announce Finalists For $500k COVID-19 Pandemic Response Competition

by Jasmine Pennic 01/25/2021 Leave a Comment

Cognizant and XPRIZE Announce Finalists For $500k COVID-19 Pandemic Response Competition

What You Should Know: - Cognizant, a Fortune 200 leader in technology and professional services, recently partnered with XPRIZE on the Pandemic Response Challenge, a global competition aimed at fighting the pandemic and mapping a course for safely reopening societies using artificial intelligence. The challenge began in November 2020 and recently entered its final phase. - The 48 finalist teams from 17 countries were selected from 104 semifinalist teams from 28 countries following an
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Therma Fisher Acquires Rapid COVID-19 Test Provider Mesa Biotech for $450M

by Jasmine Pennic 01/22/2021 Leave a Comment

Therma Fisher Acquires Rapid COVID-19 Test Provider Mesa Biotech for $450M

What You Should Know: - Thermo Fisher Scientific Inc. has entered into a definitive agreement to acquire Mesa Biotech, Inc., a San Diego, CA-based molecular diagnostic company, for approximately $450 million in cash. Under the terms of the agreement, Thermo Fisher will pay up to an additional $100 million in cash upon the completion of certain milestones following the close of the transaction. - Mesa Biotech designs, develops, manufactures, and commercializes next generation Rapid PCR
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87% of Americans Want to Receive COVID-19 Vaccine Information From Their Providers

by Jasmine Pennic 01/21/2021 Leave a Comment

87% of Americans Want to Receive COVID-19 Vaccine Information From Their Providers

What You Should Know: According to a recent Updox survey, 87% of Americans say they want to receive information from their healthcare provider on COVID-19 vaccine-related news/updates, with their healthcare providers cited as the most trusted source on the topic (34%) -- behind health protection agencies (32%), government entities (9%), and the biotechnology companies developing the vaccines (4%). When it comes to means of communication with their healthcare provider, consumers’
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Tyto Care Launches FDA-Cleared Fingertip Pulse Oximeter Medical Device

by Jasmine Pennic 01/20/2021 Leave a Comment

COVID-19 Spikes Deaconess Health Adoption of Remote Medical Exams

What You Should Know: - Tyto Care announces the launch of its fingertip Pulse Oximeter device, allowing users to measure their own blood oxygen saturation level and heart rate from the comfort and safety of home. - Expanding its clinic-quality remote capabilities, TytoCare users will be able to perform a remote blood oxygen exam, allowing clinicians to better monitor patients with COVID-19 and chronic lung or heart conditions.  Tyto Care, a New York City-based all-in-one modular
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HealthStream Acquires Policy Management System ComplyALIGN for $2M

by Jasmine Pennic 01/20/2021 Leave a Comment

HealthStream Acquires Policy Management System ComplyALIGN for $2M

What You Should Know: - HealthStream, a provider of workforce and provider solutions for the healthcare industry acquires ComplyALIGN (incorporated as ProcessDATA, Ltd.), a Chicago-based healthcare technology company for $2M in cash. - The number of policies and procedures that a typical hospital needs to manage and continue to process rarely falls below one thousand. Staff members must know what’s expected of them and have rules and procedures to guide their day-to-day
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Aledade Secures $100M for Value-Based Primary Care, Reaching $2.1B Valuation

by Jasmine Pennic 01/19/2021 Leave a Comment

Aledade ACO

What You Should Know: - Aledade raises $100 Million in Series D funding to help more primary care practices thrive in value-based care. - The new funding will power the growth of a nationwide network of more than one million patients by further expanding into Medicare Advantage Contracts. Aledade, a Bethesda, MD-based provider of value-based primary care, today announced it has closed a $100 million Series D funding round following a year of significant growth for its national
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Conversa Health Expands Series B to $20M with Additional $8M in Funding

by Jasmine Pennic 01/19/2021 Leave a Comment

Backed by Northwell, Conversa Health Raises $12M for AI-Powered Chatbots

What You Should Know:  - Conversa Health raises an additional $8M, expanding its Series B round to $20M for its automated virtual care platform, totaling $34M in funding to date. - The Series B round, first announced at $12 million in June, was co-led by Builders VC and Northwell Ventures, the corporate venture arm of Northwell Health, New York’s largest healthcare provider with 23 hospitals and 800 outpatient facilities. - Founded in 2014, Conversa enables health systems
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QGenda Acquires Automated Provider Scheduling Platform Shift Admin – M&A

by Jasmine Pennic 01/15/2021 Leave a Comment

QGenda acquires Shift Admin – M&A

What You Should Know: - QGenda has acquired Shift Admin, an industry-recognized leader for shift-based specialties including emergency medicine, urgent care, and hospital medicine. With the industry-leading scheduling technology for all specialties across the healthcare delivery system, QGenda’s technology will ensure care is available for patients when and where it is needed. QGenda, the leading innovator in enterprise healthcare workforce management solutions, announced the
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CVS Health Launches Senior Medical Alert System, Symphony

by Jasmine Pennic 01/14/2021 Leave a Comment

CVS Health Launches Senior Medical Alert System, Symphony

What You Should Know: - Today, CVS Health announced Symphony, a medical alert system designed to keep seniors safe and connected at home. - Symphony consists of a collection of in-home and wearable devices that offer a new at-home experience by connecting a suite of sensors that can monitor for falls, motion, and room temperature while also providing a 24/7 personal emergency response platform for use when needed. CVS Health, today announced the release of Symphony medical alert
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Amalgam Rx Acquires Clinical Decision Support Platform Avhana Health – M&A

by Jasmine Pennic 01/14/2021 Leave a Comment

Amalgam Rx Acquires Clinical Decision Support Platform Avhana Health

What You Should Know: - DTx and Patient Support leaders, Amalgam Rx, Inc., announce the acquisition of Avhana Health, a privately-held clinical decision support (CDS) company. Amalgam Rx, Inc., a Wilmington, DE-based Digital Therapeutics and Patient Support company, announces the acquisition of Avhana Health, a privately held clinical decision support (CDS) company, which has deep integrations with the leading electronic health records (EHR). As part of the acquisition, Amalgam Rx will
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