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Fred Pennic, Editor-in Chief | HIT Consultant

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

DeepScribe Appoints Dr. Dean Dalili as Chief Medical Officer

by Executive Hires 05/07/2024 Leave a Comment

DeepScribe Appoints Dr. Dean Dalili as Chief Medical Officer

What You Should Know:  - DeepScribe, an innovator in ambient AI documentation for healthcare, announced the appointment of Dr. Dean Dalili, MD, MHCM, as its new Chief Medical Officer (CMO).  - Dr. Dalili brings a wealth of experience to DeepScribe, poised to play a pivotal role in shaping the company's clinical strategy and advancing its mission to revolutionize healthcare documentation. Guiding DeepScribe's Clinical Leadership As CMO, Dr. Dalili will spearhead DeepScribe's
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GE HealthCare Unveils Head-Only MRI Scanner for Advanced Neuroscience Research

by Fred Pennic 05/06/2024 Leave a Comment

GE HealthCare Unveils Head-Only MRI Scanner for Advanced Neuroscience Research

What You Should Know:  - GE HealthCare announced the unveiling of SIGNA MAGNUS, a revolutionary head-only magnetic resonance imaging (MRI) scanner.  - This FDA 510(k) pending technology holds immense promise for unlocking new frontiers in neuroscience research, a field previously limited by the capabilities of conventional whole-body MRI systems. New Hope for Neurological Disorders Neurological disorders, including Alzheimer's disease, affect a staggering 43% of the global
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OverT Bio Secures $16M to Optimize Cell Therapy for Solid Tumors

by Fred Pennic 05/06/2024 Leave a Comment

OverT Bio Secures $16M to Optimize Cell Therapy for Solid Tumors

What You Should Know:  - OverT Bio, a data-driven biotech company focused on unlocking the curative potential of cell therapies for solid tumors raises $16M in seed funding round. Co-led by ARTIS Ventures and Wing VC, the round saw participation from a distinguished group of investors including Fusion Fund, OMX Ventures, Alexandria Venture Investments, Gaingels, Civilization Ventures, Hawktail, and the Cancer Research Institute. - The investment will fuel the company's mission to
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Exploring The Impact of AR in Surgical Training and Simulation

by Fred Pennic 05/06/2024 Leave a Comment

Exploring the Impact of AR in Surgical Training and Simulation

Human surgery training has used the classical approach of dissections of bodies and presence in live surgery for a long time. These means offer truly priceless opportunities to learn but multiple problems lie in accessibility, interactivity, and safety. AR has started a new era in surgical training through its affordability, interactivity, and safety. However, there still exists a need for proof regarding its effectiveness and  the possibility of any negative effects. In this article, we
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NVIDIA Makes Drug Discovery, Medical Imaging, and Genomics Easier with Cloud-Based AI

by Fred Pennic 05/03/2024 Leave a Comment

NVIDIA Makes Drug Discovery, Medical Imaging, and Genomics Easier with Cloud-Based AI

What You Should Know: - Harnessing the power of AI for healthcare just got simpler. NVIDIA announced the integration of NVIDIA NIM, a collection of cloud-native AI microservices, with Amazon Web Services (AWS).  - The strategic collaboration empowers developers to leverage pre-trained AI models for drug discovery, medical imaging analysis, and genomics research – all accessible through user-friendly APIs. Streamlined Access to Powerful AI Tools NIM integrates seamlessly with
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Large Language Models Show Promise for Streamlining Physician Workflows, But Safety Concerns Remain

by Fred Pennic 05/03/2024 Leave a Comment

Large Language Models Show Promise for Streamlining Physician Workflows, But Safety Concerns Remain

What You Should Know: - A new study by researchers at Mass General Brigham suggests large language models (LLMs),  a type of artificial intelligence (AI), could be a helpful tool for doctors to streamline communication with patients. However, the study also highlights the importance of human oversight to ensure patient safety. -  The findings, published in The Lancet Digital Health, emphasize the need for a measured approach to LLM implementation. The Burden of Physician
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Firstsource Acquires Quintessence to Bolster AI-Powered Revenue Cycle Management Solutions

by Fred Pennic 05/03/2024 Leave a Comment

Firstsource Acquires Quintessence to Bolster AI-Powered Revenue Cycle Management Solutions

What You Should Know:   - Firstsource Solutions Limited (FSL), a leading global provider of Business Process Management (BPM) services, announced the acquisition of Quintessence Business Solutions & Services Private Limited (QBSS).  - The strategic acquisition strengthens Firstsource's position in the healthcare revenue cycle management (RCM) market, particularly in the United States. Financial details of the acquisition were not disclosed.  Enhanced RCM
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Transcarent Secures $126M to Expand Employer-Sponsored Healthcare

by Fred Pennic 05/02/2024 Leave a Comment

Transcarent Secures $126M to Revolutionize Employer-Sponsored Healthcare

What You Should Know: - Transcarent, a platform simplifying health and care for employers and individuals, secures $126 million in a Series D funding round led by General Catalyst and 7wireVentures.  - The latest funding brings Transcarent's total funding to approximately $450M at a valuation of $2.2B. A One-Stop Solution for Employer-Sponsored Healthcare Transcarent's industry-leading platform streamlines healthcare access for both employers and employees. It is the only
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Karius Secures $100M to Expand Non-Invasive Pathogen Blood Test

by Fred Pennic 05/02/2024 Leave a Comment

Karius Secures $100M to Expand Non-Invasive Pathogen Blood Test

What You Should Know: -  Karius®, a leader in genomic diagnostics for infectious disease, announced today the closing of a $100 million Series C funding round.  - Co-led by Khosla Ventures and newcomers 5AM Ventures and Gilde Healthcare, the funding round also saw participation from existing investors like Softbank Vision Fund 2 and General Catalyst.   - This significant investment fuels Karius' mission to revolutionize infectious disease diagnosis by expanding
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Livara Health Secures $15M to Expand Value-Based Musculoskeletal Care Solutions

by Fred Pennic 05/02/2024 Leave a Comment

Livara Health Secures $15M to Expand Value-Based Musculoskeletal Care Solutions

What You Should Know:  - Livara Health, a leading provider of value-based musculoskeletal (MSK) management solutions, raises $15M in Series B funding led by A1 Health Ventures.  - Existing investors Polaris Partners, Providence Ventures, Martin Ventures, and a new strategic investor also participated in the round. Livara Health: A Leader in Value-Based MSK Care Livara Health (formerly SpineZone) offers a comprehensive value-based MSK management solution. Through a
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