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Fred Pennic, Editor-in Chief | HIT Consultant

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

Samsung Unveils Galaxy Ring, Galaxy Watch7 & Galaxy Watch Ultra: Expands Wearable Lineup’s Health Intelligence Capabilities

by Fred Pennic 07/10/2024 Leave a Comment

Samsung Debuts Ring; Expands Wearable Lineup’s Health Intelligence Capabilities

What You Should Know:  - Samsung Electronics today announced a significant expansion of their wearables portfolio with the introduction of Galaxy Ring, Galaxy Watch7, and Galaxy Watch Ultra.  - These new devices, powered by Galaxy AI, are designed to deliver a holistic and personalized wellness experience for users at all levels. Galaxy Ring: Unassuming Design, Powerful Insights The Galaxy Ring offers a discreet and comfortable approach to wellness monitoring. Worn on a
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Carilion Clinic Selects Ensemble Health to Outsource Revenue Cycle Operations

by Fred Pennic 07/10/2024 Leave a Comment

Carilion Clinic Selects Ensemble Health to Outsource Revenue Cycle Operations

What You Should Know:  - Carilion Clinic, a Roanoke-based non-profit health system that owns and operates several hospitals in western Virginia -- announced it has selected end-to-end revenue cycle management (RCM) provider Ensemble Health Partners as its strategic end-to-end RCM partner. - Carilion chose Ensemble for its proven track record of quickly delivering value and sustaining high performance. Notably, Ensemble has consistently met 100% of year-one client goals, exceeded 102%
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HHS Proposes HTI-2 Rule to Enhance Healthcare Data Sharing and Interoperability

by Fred Pennic 07/10/2024 Leave a Comment

SAMHSA and ONC Invest $20M in Behavioral Health IT Initiative

What You Should Know:  - The U.S. Department of Health and Human Services (HHS) has taken a significant step towards improving healthcare information exchange with the release of the Health Data, Technology, and Interoperability: Patient Engagement, Information Sharing, and Public Health Interoperability (HTI-2) proposed rule.  - The HTI-2 rule marks a major advancement in interoperability by focusing on seamless data exchange between patients, providers, payers, and public
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HarmonyCares Secures $200M to Expand Access to In-Home Primary Care

by Fred Pennic 07/09/2024 Leave a Comment

HarmonyCares Secures $200M to Expand Access to In-Home Primary Care

What You Should Know:  - HarmonyCares, a provider of value-based in-home longitudinal care, raises $200M to make its integrated, physician-led in-home care model available to more vulnerable patients nationwide. - The funding round, led by General Catalyst, McKesson Ventures, and a large national payer, underscores the critical need to address the primary care access gap in the United States.  Addressing the Primary Care Gap for Vulnerable Populations A recent survey
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SAIGroup Acquires Get Well to Power Personalized Care with AI

by Fred Pennic 07/09/2024 Leave a Comment

SAIGroup Acquires Get Well to Power Personalized Care with AI

What You Should Know:  - Enterprise AI investment firm SAIGroup announced today the acquisition of Get Well, a leader in digital patient engagement.  - Get Well currently facilitates over 10 million patient interactions annually across more than 1,000 healthcare organizations. Financial details of the acquisition were not disclosed. Aligning with AI Leaders in Healthcare This acquisition strengthens SAIGroup's presence in the AI-powered healthcare landscape. Get Well joins
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Octagos Health Secures $43M to Power AI-Driven Cardiac Care

by Fred Pennic 07/09/2024 Leave a Comment

Octagos Health Secures $43M to Power AI-Driven Cardiac Care

What You Should Know:  - Octagos Health, a provider of AI-powered cardiac device monitoring solutions raises $43M in Series B funding led by funds managed by Morgan Stanley Expansion Capital with continued participation from Mucker Capital and other strategic investors.  - The investment fuels Octagos Health's mission to leverage artificial intelligence for transformative cardiac care and comprehensive patient monitoring. AI-Powered Cardica Care Octagos Health offers a
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Courier Health Raises $16.5M for First Patient CRM for Biopharma

by Fred Pennic 07/09/2024 Leave a Comment

Courier Health Raises $16.5M for First Patient CRM for Biopharma

What You Should Know:  - Courier Health, a technology company transforming patient experiences in the life sciences industry raises $16.5M in Series A funding led by Norwest Venture Partners with participation from existing investor Work-Bench.  - The investment fuels Courier Health's mission to provide biopharma companies with the tools to manage and personalize the patient journey for life-altering therapies. Addressing the Rise of Specialty Medicines The landscape of
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Digital Health Funding Surges TO $5.7B in Early 2024 Despite Market Jitters, Rock Health Reports

by Fred Pennic 07/08/2024 Leave a Comment

Digital Health Funding Surges TO $5.7B in Early 2024 Despite Market Jitters, Rock Health Reports

What You Should Know:  - The digital health industry is showing signs of strength despite recent economic uncertainties, according to Rock Health’s latest H1 report. - U.S. digital health startups raised a significant amount in the first half of 2024 ($5.7B), with the potential to exceed full-year totals from 2019 and 2023. This growth is fueled by strong Series A activity, with a median deal size of $15M, indicating larger investments for early-stage companies. Here's a breakdown
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KLAS: Healthcare Organizations Prioritize EHR Initiatives Despite Fewer Purchases in 2023

by Fred Pennic 07/08/2024 Leave a Comment

KLAS: Healthcare Organizations Prioritize EHR Initiatives Despite Fewer Purchases in 2023

What You Should Know:  - Healthcare organizations worldwide continue to prioritize implementing Electronic Health Record (EHR) systems, according to a new report by KLAS. While the total number of finalized EHR purchases in 2023 dipped slightly below the average for recent years, the number of hospitals impacted by these decisions reached a five-year high due to several large regional contracts.  - Government initiatives in Asia and Latin America are expected to fuel future EHR
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M&A: HHAeXchange Acquires Generations Homecare System

by Fred Pennic 07/08/2024 Leave a Comment

M&A: HHAeXchange Acquires Generations Homecare System

What You Should Know:  - HHAeXchange, a provider of homecare management solutions, announced today the acquisition of Generations Homecare System.  - Generations offers a comprehensive software solution designed to streamline operations, improve care team collaboration, and ensure compliance for homecare agencies. The strategic move reinforces HHAeXchange's position as a frontrunner in the homecare technology space. A Growing Market Demands Innovation The homecare industry
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