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Fred Pennic, Editor-in Chief | HIT Consultant

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

Critical Challenges and Solutions for Inpatient Capacity Management, Report Reveals

by Fred Pennic 08/21/2024 Leave a Comment

Critical Challenges and Solutions for Inpatient Capacity Management, Report Reveals

What You Should Know:  - LeanTaaS, a provider of AI-powered capacity management solutions for healthcare, today released its comprehensive report, The State of Inpatient Capacity Optimization.  - The report delves into the pressing challenges faced by health systems nationwide and offers insights into effective strategies for addressing these issues. Key Findings from the Report: Staffing Shortages: Over 90% of respondents identified staffing as a major pain point,
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PreciseDx Raises $20.7M for AI-Powered Cancer Risk Assessments

by Fred Pennic 08/21/2024 Leave a Comment

PreciseDx Raises $20.7M for AI-Powered Cancer Risk Assessments

What You Should Know:  - PreciseDx, a pioneering company in oncology diagnostics utilizing artificial intelligence (AI) raises $20.7M in Series B funding led by Eventide Asset Management with participation from Labcorp, Quest Diagnostics, GenHenn Capital Venture, and existing investors. This brings the company's total funding to date to $31.5M.  - The new funding will enable PreciseDx to accelerate its growth and expand its operations. The company plans to invest in talent
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The Role of AI in Streamlining Drug Discovery and Clinical Trials: A New Era in Pharmaceutical Innovation

by Fred Pennic 08/21/2024 Leave a Comment

The Role of AI in Streamlining Drug Discovery and Clinical Trials: A New Era in Pharmaceutical Innovation

In the rapidly evolving world of pharmaceuticals, artificial intelligence (AI) is emerging as a game-changer. From accelerating drug discovery to enhancing the efficiency of clinical trials, AI is revolutionizing how new medicines are brought to market. This transformation is not just limited to the research and development phases; AI is also playing a critical role in ensuring that drugs meet regulatory standards. The AI Revolution in Drug Discovery Drug discovery has traditionally been a
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Google’s AI Model Listens to Your Cough to Detect Disease

by Fred Pennic 08/20/2024 Leave a Comment

Google's AI Model Listens to Your Cough to Detect Disease

What You Should Know:  - Google Research has unveiled a groundbreaking advancement in healthcare technology with the introduction of HeAR, a bioacoustic foundation model designed to analyze human sounds and identify potential health issues.  - By leveraging the power of AI and vast amounts of audio data, HeAR aims to revolutionize disease screening, diagnosis, and monitoring. Google’s AI Model & Dataset The model has been trained on a massive dataset of 300 million
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Clarium Secures $10.5M for AI-Powered Hospital Supply Chain

by Fred Pennic 08/20/2024 Leave a Comment

Clarium Secures $10.5M for AI-Powered Healthcare Supply Chain

What You Should Know:  - Clarium, Inc., a healthcare technology innovator focused on transforming hospital supply chain operations, has secured a $10.5M in strategic financing round led by General Catalyst, with participation from Kaiser Permanente Ventures, Texas Medical Center Venture Fund, Yale New Haven Health, and existing investors.  - With this new funding, Clarium plans to expand its team, deepen partnerships with leading health systems, and continue refining its
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Reliant AI Emerges from Stealth with $11.3M for GenAI Biopharma Data Analysis

by Fred Pennic 08/20/2024 Leave a Comment

Reliant AI Emerges from Stealth with $11.3M for Biopharma Data Analysis

What You Should Know:  - Reliant AI, a provider of generative AI-powered data analytics software, today announced its official launch and a significant $11.3M in seed funding round led by Tola Capital and Inovia Capital, with participation from angel investor Mike Volpi, the investment will fuel the company's growth and expansion. - Founded by a team of leading experts in natural language processing and reinforcement learning with backgrounds at DeepMind, Google Brain, and EY
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Rural Idaho Hospitals to Deploy MEDITECH Expanse EHR

by EHR Deployments 08/20/2024 Leave a Comment

Rural Idaho Hospitals to Deploy MEDITECH Expanse EHR

What You Should Know:  - MEDITECH today announced two critical access hospitals in Idaho, St. Mary’s Health (Cottonwood) and Clearwater Valley Health (Orofino), have partnered to implement a shared MEDITECH Expanse EHR across their hospitals and associated clinics.   - Clearwater Valley Health and St. Mary’s Health currently serve the healthcare needs of people across Clearwater, Idaho, and Lewis counties, providing more than 45,000 outpatient visits annually. Enhancing
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Talkdesk Copilot Embedded in Epic Cheers CRM to Enhance Healthcare CX

by Fred Pennic 08/19/2024 Leave a Comment

What You Should Know:  - Talkdesk, a provider of AI-powered customer experience (CX) solutions, recently announced the integration of its Talkdesk Copilot with Epic's Cheers CRM suite.  - By integrating Talkdesk Copilot with Epic Cheers CRM, Talkdesk is poised to revolutionize the healthcare contact center landscape. This innovative solution empowers healthcare organizations to deliver modern patient experiences, improve operational efficiency, and ultimately drive better health
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Accenture Invests in Earli Inc. for Early Cancer Detection

by Fred Pennic 08/19/2024 Leave a Comment

Accenture Invests in Earli Inc. for Early Cancer Detection

What You Should Know:  - Accenture today announced a strategic investment in Earli Inc., a biotechnology company pioneering a novel approach to early cancer detection.  - Earli’s groundbreaking technology aims to transform cancer diagnosis and treatment by enabling the rapid and accurate identification of cancerous cells. Synthetic Targeting Platform for Early Cancer Detection Earli has developed a synthetic targeting platform that selectively reprograms cancer cells,
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Caresyntax Secures $180M to Advance Precision Surgery Platform

by Fred Pennic 08/16/2024 Leave a Comment

Caresyntax Secures $180M to Advance Precision Surgery Platform

What You Should Know:  - Caresyntax, a leader in vendor-neutral precision surgery platforms raises $180M in funding,  comprised of $80M in equity and up to $100M in growth debt, will fuel the company's continued growth and development of its AI-powered surgical platform. - The funding round was led by a consortium of prominent investors, including Symbiotic Capital, MTIP AG, BIONIQ Capital, and BlackRock Innovation Capital. This significant investment demonstrates the growing
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