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Fred Pennic, Editor-in Chief | HIT Consultant

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

Hippocratic AI Secures $17M to Advance Safety-Focused LLMs in Healthcare

by Fred Pennic 09/23/2024 Leave a Comment

Hippocratic AI Secures $53M to Develop Safety-Focused GenAI for Healthcare

What You Should Know:  - Hippocratic AI, a pioneer in developing safety-focused Large Language Models (LLMs) for healthcare, announced today that it has received a significant investment from NVentures, the venture capital arm of NVIDIA.  - The $17M investment, backed also by Greycroft and Leo Shapiro of 7Wire Ventures, adds to Hippocratic AI’s recent Series A round, bringing the total funds raised to an impressive $137M. Collaboration with NVIDIA Hippocratic AI's
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The Role of Stem Cell Therapy in the Future of Personalized Medicine

by Fred Pennic 09/23/2024 Leave a Comment

The Role of Stem Cell Therapy in the Future of Personalized Medicine

In the rapidly evolving landscape of healthcare, personalized medicine is making waves by offering tailored therapies that cater to the unique needs of individual patients. One of the most promising advancements in this field is stem cell therapy, particularly autologous stem cell therapy, which utilizes a patient's own cells to promote healing naturally. Unlike traditional treatments, stem cells have a unique ability to enhance the body’s natural healing process, offering a new dimension of
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Mendel AI’s Hypercube Platform Now Available on Snowflake, Transforming Clinical Data Analysis

by Fred Pennic 09/23/2024 Leave a Comment

Mendel AI's Hypercube Platform Now Available on Snowflake, Transforming Clinical Data Analysis

What You Should Know:  - Mendel AI, a leader in clinical AI, announced the general availability of its groundbreaking Hypercube Platform natively on the Snowflake AI Data Cloud.  - The integration offers healthcare organizations a powerful tool to transform fragmented data into actionable clinical insights, driving advancements in research, operations, and patient outcomes. Hypercube Platform: Redefining Clinical Data Analysis Mendel's Hypercube Platform combines advanced
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Medical Experts Utilize NVIDIA-Powered Federated Learning to Advance AI in Tumor Segmentation

by Fred Pennic 09/23/2024 Leave a Comment

Medical Experts Utilize NVIDIA-Powered Federated Learning to Advance AI in Tumor Segmentation

What You Should Know:  - A team of experts from leading U.S. medical centers and research institutions is utilizing NVIDIA-powered federated learning to investigate the impact of this technique and AI-assisted annotation in training AI models for tumor segmentation.  - NVIDIA-powered federated learning aims to overcome data-sharing challenges and accelerate the development of more accurate and generalizable AI models in medical imaging. Federated Learning: Revolutionizing Data
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Cardinal Health Acquires Integrated Oncology Network for $1.115B

by Fred Pennic 09/20/2024 Leave a Comment

Cardinal Health Acquires Integrated Oncology Network for $1.115B

What You Should Know:  - Cardinal Health (NYSE: CAH) has announced a definitive agreement to acquire Integrated Oncology Network (ION), a physician-led independent community oncology network, for $1.115 billion in cash.  - The acquisition will integrate ION into Cardinal’s Navista platform and expand its suite of solutions to deliver world-class patient care and experiences while navigating the complexities of the healthcare landscape. Expanding Support for Independent
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Ferrum Health Secures $16M for Vendor-Neutral AI Platform

by Fred Pennic 09/20/2024 Leave a Comment

Ferrum Health Secures $16M for Vendor-Neutral AI Platform

What You Should Know:  - Ferrum Health, a pioneering software provider enabling AI deployment in healthcare systems, raises $16M in Series A funding led by Foundry, with participation from Catalyst by Wellstar, Headwaters Ventures, UnitedHealthcare Accelerator, and existing investors including Blumberg Capital, Cercano, GSR, Urban Innovation Fund, and Singtel Innov8. This brings Ferrum Health's total funding to $31M. - This Series A funding will fuel Ferrum Health's expansion and
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97% of Patients Are Confident AI Will Elevate Patient Care, Report Reveals

by Fred Pennic 09/20/2024 Leave a Comment

97% of Patients Are Confident AI Will Elevate Patient Care, Report Reveals

What You Should Know:  - A new study by Upvio, a leading digital care platform, titled "State of AI and Technology Adoption in Healthcare," provides critical insights into the transformative role of technology in the healthcare industry.  - The comprehensive report, based on a survey of over 1,400 patients and healthcare professionals, underscores the widespread adoption of telehealth and the growing acceptance of AI-powered tools. Key Findings Upvio's research is designed
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Kyruus Health Launches AI-Powered Search and Provider Data Solutions

by Fred Pennic 09/20/2024 Leave a Comment

Kyruus Health Launches AI-Powered Search and Provider Data Solutions

What You Should Know:  - Kyruus Health, the industry leader in care access platforms, today unveiled two new products designed specifically for health plans: Guide, a conversational AI search experience, and Provider Data Solutions, a provider data management and attestation solution.  - Together, these innovations will enable health plans to leverage their provider data more effectively, improve member experiences, and connect members to the most appropriate
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Family Heart Foundation Launches AI Model for Early Cardiovascular Disease Detection

by Fred Pennic 09/20/2024 Leave a Comment

Family Heart Foundation Launches AI Model for Early Cardiovascular Disease Detection

What You Should Know:  - The Family Heart Foundation, a leader in cardiovascular research and advocacy, has unveiled an "FIND Lp(a)" a machine learning model to combat premature heart disease and stroke. The first-of-its-kind offering is set to be implemented across major U.S. healthcare systems.  - The program leverages AI to identify individuals with elevated Lp(a), an inherited condition that significantly increases cardiovascular disease risk. Addressing a Hidden Risk
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Labcorp Joins CommonWell Health Alliance to Advance Nationwide Health Data Exchange

by Fred Pennic 09/19/2024 Leave a Comment

Ascension Selects Labcorp to Manage Labs Across 10 States

What You Should Know:  - CommonWell Health Alliance, a prominent force in healthcare interoperability, is proud to announce Labcorp, a global leader in laboratory services, as its newest member.  -  By fostering collaboration and enabling the seamless exchange of clinical laboratory data, this partnership empowers healthcare providers to deliver more coordinated and efficient care, ultimately leading to improved patient outcomes. Labcorp's Commitment to
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