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Fred Pennic, Editor-in Chief | HIT Consultant

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

Candid Health Secures $29M for Revenue Cycle Automation Platform

by Fred Pennic 09/13/2024 Leave a Comment

Candid Health Secures $29M for Revenue Cycle Automation Platform

What You Should Know:  - Candid Health, the innovative revenue cycle automation platform designed for healthcare providers raises $29M in a Series B funding round led by 8VC, with participation from existing investors First Round Capital, BoxGroup, and Y Combinator. - This latest investment brings the company's total funding to $47M. Simplifying Medical Billing, Empowering Providers Candid Health is committed to simplifying the complex and often frustrating process of medical
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mPulse Acquires Healthcare Consumer Experience Platform Zipari

by Fred Pennic 09/13/2024 Leave a Comment

mPulse Acquires Zipari, Solidifying Leadership in Healthcare Consumer Experience

What You Should Know:  - mPulse®, a frontrunner in Health Experience and Insights (HXI) technology, announced its acquisition of Zipari, Inc., a prominent player in healthcare consumer experience technology.  - This strategic acquisition underscores mPulse's commitment to driving market leadership through robust growth and an unwavering focus on enhancing the healthcare consumer journey. Strengthening Market Leadership and Innovation The acquisition solidifies mPulse's
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Fathom Autonomous Medical Coding Available in Epic Toolbox

by Fred Pennic 09/12/2024 Leave a Comment

Fathom Autonomous Medical Coding Available in Epic Toolbox

What You Should Know:  - Fathom, a pioneer in autonomous medical coding, announced today that its technology has been added to Epic's Toolbox program within the Fully Autonomous Coding category.  - By being part of Toolbox, Fathom can reach a wider audience of healthcare providers and demonstrate its compatibility with Epic's systems. Transforming Medical Coding Fathom's autonomous coding technology empowers healthcare organizations to overcome workforce challenges and
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Sheba Medical, Paradigm Health Partner to Optimize Clinical Trials

by Fred Pennic 09/12/2024 Leave a Comment

Sheba Hospital Develops Generative AI Platform to Improve Mental Healthcare Access

What You Should Know:  - Sheba Medical Center, Israel’s largest hospital, and ARC Innovation, the innovation arm of Sheba, has announced a strategic partnership with Paradigm Health to establish a global network for clinical research.  - This collaboration aims to revolutionize the way clinical trials are conducted, making them more accessible, efficient, and patient-centered. Leveraging AI to Optimize Clinical Trials The partnership will utilize Paradigm's AI-driven
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Iris Telehealth Launches Virtual Clinic and Iris Insights

by Fred Pennic 09/12/2024 Leave a Comment

What You Should Know:  - Iris Telehealth, a leader in transformative behavioral health services, announced today the launch of its Virtual Clinic and Iris Insights platforms.  - The innovative suite of solutions aims to address the critical need for increased access to quality mental health services by seamlessly integrating behavioral healthcare into existing patient journeys. The Virtual Clinic: A Patient-Centered Approach The Virtual Clinic offers a comprehensive care
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Safety Dance: Healthcare Marketers Are Singing A Different Tune Post-HHS Ruling

by Dan Campagna, Account Director & Krista Cataldo, Business Analytics and Insights Lead at Primacy 09/12/2024 Leave a Comment

Safety Dance: Healthcare Marketers Are Singing A Different Tune Post-HHS Ruling

Implementing web analytics and data collection in healthcare has always required extra caution. By its very nature, collecting a patient’s (or prospective patient’s) information over the web leaves the door open to accidental and unsafe collection of protected health information (PHI). And when that PHI includes individually identifiable health information (IIHI), then collecting this data runs afoul of the privacy protections outlined in the Health Insurance Portability and Accountability Act
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AvaSure, Oracle, NVIDIA Partner to Create AI-Powered Virtual Concierge for Hospitals

by Fred Pennic 09/11/2024 Leave a Comment

AvaSure, Oracle, NVIDIA Partner to Create AI-Powered Virtual Concierge for Hospitals

What You Should Know:  - AvaSure, a leader in acute virtual care solutions, has announced a strategic partnership with Oracle Cloud Infrastructure (OCI) to develop a groundbreaking virtual concierge solution powered by NVIDIA AI technology.  -  The innovative solution aims to transform the hospital experience by providing seamless, AI-driven support for clinicians, patients, and families. AI-Powered Virtual Concierge Healthcare organizations are facing increasing
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Pieces Technologies Raises $25M to Expand GenAI Clinical Solutions

by Fred Pennic 09/11/2024 Leave a Comment

Pieces Technologies Raises $25M to Expand GenAI Clinical Solutions

What You Should Know:  - Pieces Technologies, a provider of clinical generative AI solutions that supports inpatient care teams secures $25M in growth financing.  - The funding round was supported by significant participation from Children's Health, Concord Health Partners, OSF HealthCare, and Rittenhouse Ventures.  Revolutionizing Clinical Workflows Pieces optimizes clinical workflows by automating the creation of clinical documentation, including summaries, progress
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Gilead Sciences and Genesis Therapeutics Partner on AI-Driven Drug Discovery

by Fred Pennic 09/11/2024 Leave a Comment

Gilead Sciences and Genesis Therapeutics Partner on AI-Driven Drug Discovery

What You Should Know:  - Gilead Sciences, a global biopharmaceutical company, and Genesis Therapeutics, an AI-focused biotechnology firm, have announced a strategic collaboration to discover and develop innovative small molecule therapies.  - The startegic partnership leverages Genesis' cutting-edge AI platform, GEMS, to accelerate drug discovery and development. A Powerful Collaboration Genesis Therapeutics' GEMS platform utilizes advanced AI techniques to generate and
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CPT 2025 Code Set Released, Featuring AI Integration, Digital Medicine

by Fred Pennic 09/11/2024 Leave a Comment

CPT 2025 Code Set Released, Featuring AI Integration, Digital Medicine

What You Should Know:  - The American Medical Association (AMA) has released the CPT® 2025 code set, a comprehensive update that reflects the latest advancements in medical procedures and services.  - This year's release features 420 total changes, including 270 new codes, 112 deletions, and 38 revisions. Key Updates in CPT 2025 CPT codes are essential for data sharing, billing, and reimbursement in the healthcare industry. The CPT 2025 code set was developed through a
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