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Fred Pennic, Editor-in Chief | HIT Consultant

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

Google Invests in Ubie to Advance Digital Health Generative AI

by Fred Pennic 10/09/2024 Leave a Comment

Google Invests in Ubie to Advance Digital Health Generative AI

What You Should Know:  - Ubie Inc., a Japanese health tech company, has announced a significant investment from Google in its latest funding round.  - The investment aims to leverage digital innovations, including generative AI, to drive the digital transformation of Japan's healthcare system. Ubie's Mission and Impact Ubie is dedicated to utilizing technology to guide individuals to appropriate medical care. Its services have already made a substantial impact on healthcare
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Amwell Integrates with Hello Heart to Offer Digital Cardiovascular Solution

by Fred Pennic 10/08/2024 Leave a Comment

Amwell Integrates with Hello Heart to Offer Digital Cardiovascular Solution

What You Should Know:  - Amwell, a digital health platform, has joined forces with Hello Heart, a pioneer in preventive heart health, to offer a comprehensive digital solution for individuals at risk of cardiovascular disease.  The partnership integrates Hello Heart's innovative program into Amwell's Converge platform, providing a seamless and accessible way for health plan members to manage their heart health. Addressing a Critical Need Heart disease remains the leading
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Digital Health Funding in Q3 2024: Strategic Acquisitions and “Tapestry Weaving” Drive Market Evolution

by Fred Pennic 10/07/2024 Leave a Comment

Digital Health in Q3 2024: Strategic Acquisitions and "Tapestry Weaving" Drive Market Evolution

What You Should Know:  - The digital health sector maintained its "small but mighty" trajectory in Q3 2024, characterized by disciplined investments and strategic activities, according to Rock Health’s Q3 Digital Health Funding report.  - While deal counts decreased compared to previous quarters, average investment sizes remained steady, indicating a shift towards more focused funding. This trend, coupled with strategic acquisitions and a focus on enhanced
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DiMe, Google, Mayo Clinic Partner to Optimize AI Implementation in Healthcare

by Fred Pennic 10/07/2024 Leave a Comment

DiMe, Google, Mayo Clinic Partner to Optimize AI Implementation in Healthcare

What You Should Know:  - The Digital Medicine Society (DiMe) is launching a new collaboration with Google and Mayo Clinic to address the critical need for best practices and implementation strategies for artificial intelligence (AI) in healthcare.  - The partnership recognizes the transformative potential of AI while acknowledging the current gap between technological advancements and real-world integration. Bridging the Implementation Gap While significant investment and
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Kipu Health, AWS Partner to Bring AI-Powered Solutions to Behavioral Health

by Fred Pennic 10/07/2024 Leave a Comment

Kipu Health, AWS Partner to Bring AI-Powered Solutions to Behavioral Health

What You Should Know:  - Kipu Health, a leading provider of technology solutions for behavioral health, is joining forces with Amazon Web Services (AWS) to develop and deploy a suite of innovative artificial intelligence (AI) tools designed to streamline clinical workflows and enhance patient care. - Kipu's AI innovations will be showcased at the 2024 Global Exchange Conference, featuring a panel discussion on "Ethical AI in Mental Health Care." The panel will delve into the
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BioIntelliSense Optimizes Hospital Virtual Care with FDA-Cleared Rechargeable BioButton

by Fred Pennic 10/07/2024 Leave a Comment

BioIntelliSense Optimizes Hospital Virtual Care with FDA-Cleared Rechargeable BioButton

What You Should Know:  - BioIntelliSense, a leader in continuous health monitoring, has received FDA clearance for its rechargeable BioButton Multi-Patient wearable and BioDashboard system.  - The BioButton is poised to transform hospital virtual care programs by providing a cost-effective and scalable solution for continuous patient monitoring. Rechargeable and Reusable Wearable  The BioButton Multi-Patient wearable is a game-changer for inpatient settings. This
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GE HealthCare Receives FDA Clearance for Innovative Alzheimer’s Imaging Tool

by Fred Pennic 10/04/2024 Leave a Comment

GE HealthCare Receives FDA Clearance for Innovative Alzheimer's Imaging Tool

What You Should Know:  - GE HealthCare announced today that its MIM Software has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for a groundbreaking tool in the fight against Alzheimer's disease.  - The advancement allows MIMneuro, a vendor-neutral software solution, to perform "Centiloid scaling" for analyzing and quantifying amyloid plaque density in the brain using positron emission tomography (PET) imaging. Impact of Alzheimer's
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Hospital M&A Activity Surges in Q3 2024, Driven by Steward Health Care Bankruptcy and Mega Mergers

by Fred Pennic 10/04/2024 Leave a Comment

Hospital M&A Activity Surges in Q3 2024, Driven by Steward Health Care Bankruptcy and Mega Mergers

What You Should Know:  - The hospital and health system merger and acquisition (M&A) market experienced a significant surge in activity during the third quarter of 2024, reaching its highest level since 2017, according to Kaufman Hall’s latest M&A report.  - Kaufman Hall’s M&A report reveals this surge was largely fueled by the Steward Health Care bankruptcy and a series of "mega mergers" involving prominent health systems. Steward Health Care Bankruptcy Drives
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FTC May Intervene in Epic Systems Antitrust Lawsuit

by Fred Pennic 10/04/2024 Leave a Comment

FTC May Intervene in Epic Systems Antitrust Lawsuit

What You Should Know:  - During a visit to Wisconsin focused on corporate consolidation in the grocery industry, Federal Trade Commission (FTC) Chairwoman Lina Khan addressed questions about potential FTC involvement in an antitrust lawsuit against Verona-based Epic Systems, WKOW first reports. - Khan’s visit included a listening session in Baraboo and a press conference alongside Rep. Mark Pocan (D-Black Earth) to address concerns about corporate consolidation in the grocery store
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Navigating 2024 Healthcare Challenges: Policy, AI, and the Road Ahead

by Bill Charnetski, EVP of Health System solutions and Government Affairs at PointClickCare 10/04/2024 Leave a Comment

Navigating 2024 Healthcare Challenges: Policy, AI, and the Road Ahead

Now that we’re halfway through 2024, we’ve gained significant insights into the most pressing healthcare issues facing our industry and how they might shape the future. From regulatory hurdles to technological advancements, our sector is at a pivotal juncture, and understanding these dynamics will be crucial for all stakeholders involved.  Here are some of these key challenges and explore the strategies that could help guide us through the rest of the year. Challenges on the Horizon:
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