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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KLAS: 1 Out of 4 Ambulatory EMRs Are in Danger of Being Replaced

KLAS Report Highlights Population Health Management Early Leaders

One out of four ambulatory EMRs are in danger of being replaced, according to the lastest KLAS report on ambulatory EMR perception. The report found more than 25 percent of both large and small ambulatory practices report that they are considering replacing their EMR and another 12 percent would like to replace their system but cannot do so for financial or organizational reasons. 
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Seed Accelerator Health Wildcatters Unveils Second Class of Startups

Health Wildcatters First Class Raises $5M in Funding 6 Months After Pitch Day

Health Wildcatters, the Southwest’s first healthcare seed-accelerator announced the twelve innovative companies chosen for the second class of the Dallas-based accelerator program today.  Each startup will participate in the 12 week accelerator program receiving $30k in exchange for 8% equity stake. During the program, the startups will be paired with appropriate mentors and partners to:
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Jolt Launches Wearable Sensor To Help ID Concussions in Real-Time for Kids on Kickstarter

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Jolt launches Kickstarter campaign for a new wearable sensor to help ID concussions in real-time for youth athletes.   It’s estimated that up to 300,000 high schoolers in the U.S. suffer sports-related concussion annually. Although helmeted sports like football and hockey receive the most attention in this space, a number of others have high rates of concussion, most notably girls soccer. Girls soccer players suffer almost 40 percent more concussions than their male counterparts and at a rate
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Advisory Board Names 2014 Revenue Cycle Solutions Awards

Advisory Board Names 2014 Revenue Cycle Solutions Awards

Four healthcare provider organizations were selected from hundreds of hospitals nationwide to receive the 2014 Revenue Cycle Solution Awards , The Advisory Board Company announced on Monday.  The Awards recognize institutions' leadership in initiatives to improve financial sustainability and achieve significant financial performance improvements.  These hospitals achieved impressive improvements, including $8.2 million in additional revenue, improved compliance, reduced bad debt, and an increase
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Look Beyond Coding: Optimizing Your HIM Department for Value

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47 percent of hospital leaders plan to outsource their coding efforts by October 1, 2015, according to a recent survey of 650 hospital leaders by Black Book Rankings. Given the 21 percent national coder shortage by industry estimates, hospital CFOs must look beyond coding to optimize their HIM department operations to improve their overall efficiency.
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Cerner and Epic Dominates Patient Portal Utilization Rates

Patient Portal Utilization Rates

  Cerner and Epic reported the highest patient portal utilization rates (higher than 20%), according to a recent study by peer60 that explores which vendors have the best patient engagement results. The report reveals that the right vendor can help a provider yield much higher rates of success than others. Despite Cerner and Epic's patient portal utilization rates, the report also found key flaws in their patient portal features: - Cerner users seemed particularly frustrated by the
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Is Your Self-Tracking Health App or Device Really Secure?

Mobile Health Apps Lack Privacy Policies

How safe is your self-tracking health app or device? A recent Symantec report reveals the hidden security risks of your quantified self data. Technology has made it possible for us to literally keep tabs on ourselves and measure our everyday activities with the objective of improving our quality of life and preventing health issues. Call it self-tracking, life-logging, quantified-self, or body hacking; this concept and its practice has caught on quite significantly today. Wearable computing,
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Telehealth Companies Have Raised $433M Across 79 Deals Since 2007

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Telehealth companies have raised $433M across 79 deals since since the start of 2007, according to CB Insights Data. The venture capital database and angel investment database company stated in a recent blog post that 2014 YTD funding has already reached record breaking levels with the highest amount of telehealth funding on record, up 130 percent from 2013.  The chart shown below illustrates the funding trend to telehealth companies since 2007. For more information on telehealth funding deals,
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Patient Portal Features: Which Is The Most Beneficial & Frustrating for Consumers?

Patient Portal Features

To successfully attest for Meaningful Use Stage 2, providers must have a patient portal that is used by at least 5 percent of patients in order to receive financial incentives. Reports have shown that providers have struggled with patient portal adoption which caused CMS to lower the objective to 5 percent from the initial 10 percent. While educating patients about patient portals is clearly the first step, maintaining their involvement depends heavily on understanding both the features they
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