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Fred Pennic, Editor-in Chief | HIT Consultant

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

brain.space Secures $11M to Pioneer Generative AI Mental Modeling

by Fred Pennic 03/18/2025 Leave a Comment

brain.space Secures $11M to Pioneer Generative AI Mental Modeling

What You Should Know:  - brain.space, the innovator behind the first-ever Brain-Data-as-a-Service Ecosystem for Generative AI Mental Modeling secures $11M in Series A funding round led by Toyota Ventures. - The round also included with strong participation from Mangrove Capital Partners, The Group Ventures  and a $3.5M non-dilutive grant from the Israel Innovation Authority, will propel the company's mission to transform how we understand and predict human
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Generative AI in Diagnostics: Quest Partners with Google Cloud for Enhanced Data Insights

by Fred Pennic 03/18/2025 Leave a Comment

Quest Diagnostics & Google Cloud: Leveraging AI for Diagnostic Innovation

What You Should Know:  - Quest Diagnostics, a provider of diagnostic information services announced a strategic collaboration with Google Cloud to enhance its data management, improve data analytics, and personalize customer experiences.  - The partnership will leverage Google Cloud's advanced data analytics and generative AI (gen AI) technologies to transform various aspects of Quest's operations. Google Agentspace Integration A key component of this collaboration is the
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Artisight, NVIDIA, and KARL STORZ Transform “Smart ORs” with AI-driven Automation

by Fred Pennic 03/18/2025 Leave a Comment

Artisight, NVIDIA, and KARL STORZ Transform "Smart ORs" with AI-driven Automation

What You Should Know:  - Artisight, Inc., a pioneer in AI-powered Smart Hospital Platforms, is expanding its collaborative efforts with KARL STORZ, a global leader in Operating Room (OR) integration, and NVIDIA to usher in the next generation of AI-driven solutions for smart operating rooms.  - The partnership aims to enhance surgical insights, automate processes, and boost perioperative efficiency. Revolutionize Smart Operating Rooms with AI Building upon their existing
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Culina Health Appoints Jane Mentz as First Chief Operating Officer

by Healthcare Executive Hires 03/18/2025 Leave a Comment

Culina Health Appoints Jane Mentz as First Chief Operating Officer

What You Should Know:  - Culina Health, a digital platform dedicated to making clinical nutrition care accessible to all, has announced the appointment of Jane Mentz as its Chief Operating Officer.  - Mentz, the first C-suite addition since Culina Health's inception, will be instrumental in driving the company's ambitious expansion plans. Her responsibilities will encompass overseeing care delivery, key operations, and technology functions, all while reporting directly to Vanessa
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Digital Health Adoption Trends by Each Generation: From Gen Z to Boomers

by Fred Pennic 03/17/2025 Leave a Comment

Digital Health Adoption Trends by Each Generation: From Gen Z to Boomers

What You Should Know:  - Digital health is rapidly moving into the mainstream, from Super Bowl commercials to new features in popular consumer products. A recent survey reveals that 58% of Americans used virtual care in the past year, although this represents a slight decrease (5 percentage points) compared to 2023. Wearable devices and connected devices are also increasingly common, with 53% of consumers owning at least one, and 54% using them to track health metrics
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GE HealthCare Launches AltiX AI.i to Enhance Cardiac Procedures

by Fred Pennic 03/17/2025 Leave a Comment

GE HealthCare Launches AltiX AI.i to Enhance Cardiac Procedures

What You Should Know:  - GE HealthCare has introduced the AltiX AI.i edition of its Mac-Lab™, CardioLab™, and ComboLab™ systems, designed to elevate cardiac catheterization (cath) lab workflows and support complex electrophysiology (EP) procedures.   - The AltiX AI.i editions include new features aimed at streamlining workflows, enhancing interoperability, and maintaining strong cybersecurity standards.   - The launch comes at a crucial time, as cardiovascular
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5 Million Adults Could Lose Medicaid Under Work Requirements in 2026

by Fred Pennic 03/17/2025 Leave a Comment

5 Million Adults Could Lose Medicaid Under Work Requirements in 2026

What You Should Know:  - Proposed work requirements for Medicaid could lead to millions of Americans losing their health insurance, according to a new analysis by the Urban Institute with support from the Robert Wood Johnson Foundation.   - The analysis projects that 4.6 to 5.2 million adults living in states that expanded Medicaid could lose their coverage in 2026 if work requirements are enacted.  Key Findings Researchers caution that if work requirements were applied to
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Bharat Sundaram Named CEO of Hallmark

by Healthcare Executive Hires 03/17/2025 Leave a Comment

Bharat Sundaram Named CEO of Hallmark

What You Should Know:  - Hallmark, a prominent healthcare workforce management technology company, has announced  the appointment of Bharat Sundaram as its new Chief Executive Officer.   - Sundaram succeeds Bruce Cerullo, who will remain on the Board of Directors and serve as a Strategic Advisor to the company. Sundaram Bio/Background Bharat Sundaram is described as a seasoned healthcare technology executive with extensive experience gained from roles at Vizient,
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Walgreens PE Buyout Heavily Reliant on 83% Debt, Raising Concerns About Financial Stability

by Fred Pennic 03/14/2025 Leave a Comment

Walgreens, Pearl Health Partner to Expand Value-Based Care Delivery

What You Should Know:  - The recent acquisition of Walgreens Boots Alliance by private equity firm Sycamore Partners is drawing scrutiny due to the high level of debt financing involved and questions surrounding Sycamore's equity commitment. - According to a Securities and Exchange Commission (SEC) filing, 83.4% of the financing for the Walgreens buyout is debt, totaling $22.5B. This is more than double the average debt level (41%) used in private equity acquisitions last
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Hospitals Face Mounting Supply Chain Crisis, Survey Reveals

by Fred Pennic 03/14/2025 Leave a Comment

Hospitals Face Mounting Supply Chain Crisis, Survey Reveals

What You Should Know:  A new survey from symplr®, a provider of enterprise healthcare operations software, reveals the escalating challenges and shifting priorities facing U.S. hospitals and health systems in their supply chains. The 2025 State of Healthcare Supply Chain Survey, which polled nearly 100 healthcare supply chain leaders, highlights a landscape where disruptions have surpassed cost concerns, patient outcomes are a top priority, and a skills gap is hindering
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