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Fred Pennic, Editor-in Chief | HIT Consultant

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

Capstan Medical Raises $110M to Advance Minimally Invasive Heart Valve Treatment

by Fred Pennic 12/11/2024 Leave a Comment

Capstan Medical Raises $110M to Advance Minimally Invasive Heart Valve Treatment

What You Should Know:  - Capstan Medical, a medical technology company developing innovative solutions for heart valve disease secures $110M in a Series C funding round led by Eclipse with participation from existing investors Yu Galaxy and Intuitive Ventures, and new investment from Gideon Strategic Partners. - Capstan Medical is developing a suite of next-generation heart valve implants and a first-of-its-kind catheter-based robotic delivery platform. Addressing the Global Burden
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KLAS Report Reveals Biggest Challenges to Achieving Enterprise Clinical Communications

by Fred Pennic 12/11/2024 Leave a Comment

What You Should Know:  - A new KLAS report examines the adoption and performance of clinical communication solutions in acute care settings, highlighting vendor strengths and areas for improvement.  - The KLAS report, “Clinical Communications 2024 Which Vendors Best Support Solution Adoption Enterprise-Wide?” emphasizes the importance of solution breadth, ease of deployment, and ongoing vendor support in driving enterprise-wide adoption. PerfectServe Leads in Module
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72% of Independent Contract Nurses Also Hold Full- or Part-Time Jobs

by Fred Pennic 12/10/2024 Leave a Comment

72% of Independent Contract Nurses Also Hold Full- or Part-Time Jobs

What You Should Know:  - Nursa, a nationwide platform connecting nurses with healthcare facilities for per diem shifts, has released the results of a survey examining the work and career preferences of its nurse clinician user base.  - The survey, which gathered responses from over 2,000 nurses across 44 states, provides valuable insights into the growing trend of per diem nursing. - As the healthcare industry continues to evolve, per diem nursing is likely to play an
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Suspect Arrested in UnitedHealthcare CEO Killing After Nationwide Manhunt

by Fred Pennic 12/09/2024 Leave a Comment

Suspect Arrested in UnitedHealthcare CEO Killing After Nationwide Manhunt

What You Should Know:  - After a five-day manhunt, the suspect in the fatal shooting of UnitedHealthcare CEO Brian Thompson has been apprehended. Luigi Mangione, a 26-year-old computer scientist with a history of anti-corporate sentiment, was arrested in Altoona, Pennsylvania, following a tip from a McDonald's employee who recognized him from wanted posters. - Thompson, 50, was killed on December 4th outside the New York Hilton Hotel where he was attending a UnitedHealth Group
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Penn Medicine Partners with Cost Plus Drug Company to Enhance Medication Affordability

by Fred Pennic 12/09/2024 Leave a Comment

Penn Medicine Partners with Cost Plus Drug Company to Enhance Medication Affordability

What You Should Know:  - Penn Medicine is teaming up with Mark Cuban's Cost Plus Drug Company to secure affordable generic medications for its patients.  - The strategic alliance will enable Penn Medicine to offer lower-cost prescriptions through its network of retail pharmacies, ultimately improving medication access and affordability for the community. Addressing the Rising Cost of Medications The cost of prescription drugs continues to be a significant barrier for many
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KLAS: The High Cost of Clinician Turnover in 2024

by Fred Pennic 12/06/2024 Leave a Comment

KLAS: The High Cost of Clinician Turnover in 2024

What You Should Know:  - The healthcare industry is facing a growing crisis of clinician turnover, with burnout and EHR frustration driving many professionals to leave their organizations or even the healthcare field entirely.  - A new report from the KLAS Arch Collaborative sheds light on this concerning trend, examining the factors contributing to clinician turnover and highlighting best practices for improving clinician satisfaction and retention. Understanding the Scope of the
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Medical Home Network and Instacart Partner to Address Food Insecurity

by Fred Pennic 12/06/2024 Leave a Comment

Medical Home Network and Instacart Partner to Address Food Insecurity

What You Should Know:  - Medical Home Network (MHN), an organization supporting value-based care in federally qualified health centers (FQHCs) forms a collaboration with Instacart, the North American grocery technology leader, to integrate Instacart's SNAP eligibility screener into MHNConnect, its care management platform.  - The strategic partnership aims to address food insecurity among vulnerable populations and improve health outcomes. Tackling Food Insecurity in
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Aya Healthcare Acquires Cross Country Healthcare for $615M

by Fred Pennic 12/06/2024 Leave a Comment

Aya Healthcare Acquires Cross Country Healthcare for $615M

What You Should Know:  - Aya Healthcare, a provider of healthcare staffing solutions, has announced a definitive agreement to acquire Cross Country Healthcare for approximately $615M. - The strategic acquisition will combine two of the largest healthcare staffing companies, creating a comprehensive workforce solutions provider with a nationwide reach. Expanding Services and Expertise Aya Healthcare and Cross Country Healthcare offer complementary, tech-enabled workforce
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EnableComp Appoints Frank Forte as CEO to Drive RCM

by Healthcare Executive Hires 12/06/2024 Leave a Comment

EnableComp Appoints Frank Forte as CEO to Drive RCM

What You Should Know:  - EnableComp, a provider of technology-driven solutions for healthcare revenue cycle management, has announced the appointment of Frank Forte as its new CEO.  - Forte brings extensive experience in healthcare technology and revenue cycle leadership to this role, where he will spearhead the company's growth and innovation strategy. Forte Bio/Background Forte has a strong track record of success in the healthcare industry. He most recently served as CEO
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Cleerly Secures $106M to Advance AI-Powered Cardiac Care

by Fred Pennic 12/05/2024 Leave a Comment

Cleerly Raises $106 Million in Funding Led by Insight Partners to Revolutionize Heart Disease Care

What You Should Know:  - Cleerly, a pioneer in advanced cardiovascular imaging, has announced the successful closure of its Series C extension funding round, raising a total of $106M led by Insight Partners, with participation from Battery Ventures and existing investors.  - The funding will enable Cleerly to expand its reach and make its AI-powered cardiac care solutions accessible to more patients as well as invest in research and clinical trials to further validate the
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