About Fred Pennic

Fred Pennic is the founder of HIT Consultant. Fred has significant experience as a management consultant working with healthcare providers across the country. As a digital media strategist, Fred assists healthcare technology companies in improving the ROI of their brand visibility/awareness, content marketing strategies, and digital/social media campaigns.

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MedData Acquires Duet Health: 6 Things to Know

MedData to Acquire Duet Health

MedData, a provider of patient-focused revenue cycle management services has acquired Columbus, Ohio-based patient engagement company Duet Health.Founded in 2009, Duet provides multi-platform software products that empower hospitals, health systems, and providers to better communicate and engage with their patient populations. The robust Patient Intelligence Center provides real-time monitoring of every click, transaction, and entry to create more meaningful patient interactions and improve
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Cardiac Insight Lands $2.5M for Portable, Hand-held ECG Device

Cardiac Insight

 Cardiac Insight, a University of Washington spinoff focused on developing advanced body-worn sensing for diagnostic testing in cardiology has raised $2.5 million in Series C funding. The company will utilize the funding to accelerate the market penetration of it's CardeaScreen™ product as well as finalize the development of the company’s proprietary wearable sensor technology.Cardea’s flagship product is the CardeaScreen, is a 12-lead electrocardiogram (ECG) exam that helps identify young
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100k Sign Up for Geisinger’s Genomic Biobank & DNA Sequencing Study

100k Sign Up for Geisinger's Genomic Biobank

Geisinger Health System, an integrated health system announced that 100k recruits have signed up for the provider's biobank & DNA sequencing study known as the MyCode Community Health Initiative. Launched in January 2014 in collaboration with the Regeneron Genetics Center, the MyCode Community Health Initiative originally set out to recruit 100k study participants; however, researchers are now setting a new goal of at least 250k. The information gleaned from the MyCode study will contribute
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Revenue Cycle Management Market to Reach $40.4B by 2021

6 Metrics to Improve Hospital Revenue Cycle ROI_revenue cycle makret

The revenue cycle management market currently valued at $20.5 billion is estimated to reach $40.4 billion by 2021, at a developing CAGR of 12.0% from 2016 to 2021, according to a new report from MicroMarketMonitor.  Revenue cycle management starts when a patient enters the hospital, thereby automating business processes and leading to speedy follow ups, which encompasses patient and payer follow-ups. Errors in revenue cycle management results in between a 3% to 5% loss of revenues in
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State of Digital Health Innovation Report: 8 Key Things to Know

State of Digital Health Innovation Report

Enspektos, LLC, a leading innovation consultancy, announced today the results from Wave 1 of its State of Digital Health Innovation Study. This research initiative is designed to help the global health ecosystem understand how organizations are progressing in their digital innovation efforts. According to this research, only 5% of health organizations globally are operating at the highest level of proficiency and expertise when it comes to their digital innovation efforts. This includes having
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Greenway Health Appoints Scott Zimmerman New CEO

Greenway Health Appoints Scott Zimmerman New CEO

Greenway Health, a provider of physician practice-focused health IT solutions, announced that it has appointed Scott Zimmerman as its new Chief Executive Officer. Tee Green, co-founder and former CEO of Greenway Health, will remain in an active, full-time role as Executive Chairman, focusing on innovation and growth initiatives.Under his leadership,  Greenway is preparing to launch several new and enhanced product and service offerings to the market, such as population health management,
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Mount Sinai Joins OpenNotes Initiative Allowing Patients Access to Clinical Notes

opennotes

Mount Sinai Health System has launched OpenNotes Initiative that allows patients electronic access to their provider’s notes in their medical records, at the East 102nd Street and East 85th Street Primary Care Associates of the Mount Sinai Doctors Faculty Practice offices. OpenNotes aims to provide the highest quality care possible by increasing transparency, communication, and trust between patients and physicians.Four Mount Sinai physicians in various clinical practices conducted the initial
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SAP Unveils SAP® Health Engagement Solution to Connect Caregivers, Patients

SAP

SAP today unveiled SAP® Health Engagement, a new solution to connect patients directly to physicians and health program managers. The solution gives health providers, health insurances and pharmaceutical companies the ability to build custom apps to help patients track their health through goal setting, as well as pull personalized assessments for chronic diseases and conditions.By directly linking patients to healthcare professionals with real-time data and high-speed analytics, the technology
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Health IT VC Funding Tops $1.4B in Q1 2016: 10 Things to Know

Health IT VC Funding Tops $1.4B in Q1 2016: 10 Things to Know

Health IT VC funding increased 27 percent quarter over quarter (QoQ), coming in at $1.4 billion in 146 deals compared to $1.1 billion in 145 deals in Q4 2015, according to a new Mercom Capital Group report. The report highlights 615 companies funding and mergers and acquisitions (M&A) activity for the Healthcare Information Technology (IT) / Digital Health sector for the first quarter of 2016. Here are ten key things to know: 1. Healthcare practice-centric companies received 42 percent of
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IBM Launches Health Corps to Tackle Health Disparities Via IBM Watson

Health-Corps-Facebook

 This week during 13th Annual World Health Care Congress, IBM unveiled IBM Health Corps, a global first -of-its-kind pro-bono program focused on tackling health disparities using IBM Watson's cognitive tools and analytics. The new service initiative will bring IBM’s top talent and cognitive technologies to help communities address health challenges such as primary care gaps, health worker shortages, and access to safe water and nutritious food. Unity Health Care Pilot ProjectIBM plans to pilot
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