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Fred Pennic

Fred Pennic

Fred Pennic

Fred Pennic is the Founder and Editor-in-Chief of HIT Consultant. Fred is a seasoned health IT strategist with fourteen years of experience in providing advisory services to executive leadership at hospitals and health systems. Some of his previous clients include Mayo Clinic, Stanford Hospital and Health Clinics, Northwell Health, Trinity Health.

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Wavemaker Three-Sixty Health Closes $64M Fund to Invest in Early-Stage Startups

by Fred Pennic 06/14/2022 Leave a Comment

Wavemaker Three-Sixty Health Closes $64M Fund to Invest in Early-Stage Startups

What You Should Know: - Wavemaker Three-Sixty Health (Wavemaker 360), the nation’s leading venture fund focused on early-stage (primarily seed) healthcare disruptors and innovators, recently announced its Fund II news, closing at $64M, surpassing its first fund nearly four times over. - The goal for Fund II is to invest into 40-50 early-stage companies, with several investments already made into some of the most compelling healthcare start-ups in the areas of health-tech, digital health,
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Nuance Launches AI-Powered Patient Engagement Virtual Assistant Platform

by Fred Pennic 01/11/2021 Leave a Comment

Nuance Launches AI-Powered Patient Engagement Virtual Assistant Platform

What You Should Know: - Nuance Communications, Inc. launched an AI-powered patient engagement virtual assistant platform to transform omnichannel digital experiences for patients. - Healthcare provider organizations can now deploy a single, common cloud-based platform to support their entire patient journey across engagement channels using Nuance's market-leading Intelligent Engagement AI technology - The launch comes as patients increasingly expect the same level of engaging
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TransUnion, VisitPay to Provide End-to-End Patient Payment Experience

by Fred Pennic 02/26/2020 Leave a Comment

TransUnion, Visit Partner to Provide End-to-End Patient Payment Experience

- TransUnion and VisitPay announce a partnership that aims to improve the patient experience while maximizing revenue for healthcare providers. - Together, TransUnion Healthcare and VisitPay will improve the patient's financial journey by providing an end-to-end patient payment experience, linking estimation with back-end billing and creating a data-driven feedback loop for providers. TransUnion announced a partnership with VisitPay, an online patient financial engagement, and revenue
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FDA Clears GE Healthcare’s AI Algorithms Embedded on Mobile X-Ray Device

by Fred Pennic 09/13/2019 Leave a Comment

GE Healthcare Receives FDA Clearance of First Artificial Intelligence Algorithms Embedded On-Device to Prioritize Critical Chest X-ray Review

- GE Healthcare awarded Food and Drug Administration’s 510(k) clearance of Critical Care Suite, an industry-first collection of artificial intelligence (AI) algorithms embedded on a mobile X-ray device. - Algorithms help radiologists prioritize critical cases with a suspected pneumothorax – a type of collapsed lung – by immediately flagging critical cases to radiologists for triage, which could drastically cut the average review time from up to eight hours. - Critical Care Suite offers
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Cerner’s Chief People Officer Announces Retirement After 24 Years

by Fred Pennic 05/01/2019 Leave a Comment

Cerner’s Chief People Officer Announces Retirement After 24 Years

Cerner announced today that Julie Wilson, Chief People Officer, is retiring effective June 30, 2019. Julie has spent the past 24 years with Cerner and the last 16 in this executive role. Julie initially joined Cerner in 1990 working in line with sales teams to create client contracts. After a brief departure to help launch a startup company, she returned to hold a variety of roles within human resources, including direct management of recruiting, human resources consulting services,
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Stanford Opens Institute for Human-Centered Artificial Intelligence

by Fred Pennic 03/19/2019 Leave a Comment

Stanford Opens Institute for Human-Centered Artificial Intelligence

  Stanford University announced it is opening the Stanford Institute for Human-Centered Artificial Intelligence (HAI) with the mission to advance artificial intelligence (AI) research, education, policy, and practice to improve the human condition. The institute will work closely with companies across sectors, including technology, financial services, health care, and manufacturing, to create a community of advocates and partners at the highest level.    Formally launched at a symposium
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Artemis Health Raises $25M to Expand Benefits Data Analytics Platform

by Fred Pennic 03/15/2019 Leave a Comment

Artemis Health Raises $25M to Expand Data-Driven Insights for Employee Benefits

Artemis Health, a Utah-based benefits data analytics company has raised $25 million in Series C funding led by Bessemer Venture Partners with Maverick Ventures, F-Prime, Hearst Health Ventures, and Rose Park Advisors. The company plans to use the latest round of funding to further expand and scale its platform and services to help employers get the most from their healthcare spending. Artemis Health: Actionable Insights from Benefits Data The cost of healthcare is skyrocketing, but
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Hackensack Invests in Home Care Robot, Pillo Through $25M Innovation Fund

by Fred Pennic 06/14/2018 Leave a Comment

Hackensack Invests in Home Care Robot Pillo Through $25M Innovation Fund

Hackensack Meridian Health, today announced it has invested in Pillo, an AI-powered home care robot companion that empowers patients to better manage their health at home, connecting them to caregivers and family members. The investment marks the first product funded through Hackensack Meridian Health’s $25 million innovation program to support the improvement of health care delivery. The health network’s novel incubator has vetted many products and strategies to streamline care delivery, reduce
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Risalto Health Lands $1.5M for Concierge Musculoskeletal Care Service

by Fred Pennic 06/07/2018 Leave a Comment

Risalto Health Lands $1.5M for Musculoskeletal Care Concierge Service

Risalto Health, a digital health startup delivering concierge service for musculoskeletal care  with cutting-edge care pathways for patients, has raised $1.5M in seed stage capital from Health Catalyst Capital Management (HCCM). The seed round also included participation from Oxeon Partners. Risalto plans to use the funding to expands its care concierge program to enable superior outcomes and cost savings for patients experiencing back, neck, knee, and hip pain. Musculoskeletal ailments affect
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CareCloud Launches eCommerce Platform for Physician Practices, Breeze Shop

by Fred Pennic 05/21/2018 Leave a Comment

CareCloud Launches eCommerce Platform for Physician Practices, Breeze Shop

CareCloud, a Miami-based provider of cloud-based practice management and EHR solution for physician practices, today announced the launch of their new eCommerce platform, Breeze Shop. Breeze Shop makes it easier than ever for physician practices to make the products they recommend convenient for their patients to buy. This powerful eCommerce and over-the-counter retail solution enables practices to offer non-prescription products online and at the point of care, and is available at no additional
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