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Fred Pennic, Editor-in Chief | HIT Consultant

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

Almost 4 in 5 Physicians Employed By Hospitals, Health Systems, Corporate Entities

by Fred Pennic 04/12/2024 Leave a Comment

Almost 4 in 5 Physicians Employed By Hospitals, Health Systems, Corporate Entities

What You Should Know:  - A new study by Avalere commissioned by the Physicians Advocacy Institute (PAI) paints a clear picture: the landscape of US medical practice ownership is shifting dramatically. As of January 2024, a staggering 77.6% of US physicians are employed by hospitals, health systems, or corporate entities.  - The trend has been steadily increasing over the past five years, with over 44,000 practices acquired by these entities since 2019. Over 19,100 physicians left
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Osso VR Launches Immersive Medical Training App for Apple Vision Pro

by Fred Pennic 04/11/2024 Leave a Comment

Osso VR Launches Immersive Medical Training App for Apple Vision Pro

What You Should Know:  - Osso VR, the leader in immersive procedural training launches Osso Health, a medical training app designed for Apple Vision Pro.   - Now available on the App Store, Osso Health leverages the power of Apple Vision Pro to create an optimized learning experience for healthcare professionals and patients alike. Bringing the Operating Room to Life Osso Health seamlessly blends digital content with the physical world, transporting users into a
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DeepScribe Now Available on AWS Marketplace for Streamlined Clinical Documentation

by Fred Pennic 04/11/2024 Leave a Comment

Deepscribe Unveils 'Real-Time' AI-Generated Clinical Notes

What You Should Know:  - DeepScribe, a leading company in ambient AI for clinical documentation, announced today the general availability of its platform on AWS Marketplace.  - By offering their platform on the AWS Marketplace, DeepScribe simplifies adoption for healthcare organizations seeking to leverage the power of AI for more efficient and accurate clinical documentation.   Simplified Acquisition for Healthcare Organizations The AWS Marketplace listing offers
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VieCure Streamlines Cancer Care with Integrated E-Prescribing and Medication Management

by Fred Pennic 04/11/2024 Leave a Comment

VieCure Streamlines Cancer Care with Integrated E-Prescribing and Medication Management

What You Should Know:  - VieCure, a leading cancer care company, announced today that it's integrating DrFirst's e-prescribing and medication management solutions into its clinical decision support system.  - VieCure is a well-established point-of-care intelligence system specifically designed for community oncologists. Utilizing artificial intelligence (AI), patient data, and a comprehensive oncology knowledge base, VieCure generates personalized treatment plans for cancer
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J.D. Power Study: 32% of Health Insurance Websites & Apps Lack Basic Functionality

by Fred Pennic 04/10/2024 Leave a Comment

32% of Health Insurance Websites & Apps Lack Basic Functionality

What You Should Know:  - A new study by J.D. Power reveals significant shortcomings in the digital experiences offered by health insurance providers in the United States.  - The J.D. Power U.S. Healthcare Digital Experience Study found that a surprising 42% of insured adults have encountered problems using their health insurance company's website or app in the past year. Health Insurance Digital Tools Fall Short for Millions The inaugural J.D. Power U.S. Healthcare Digital
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Physician Practices Struggle After Change Healthcare Cyberattack: Unpaid Claims, Staff Strain, and Potential Closures

by Fred Pennic 04/10/2024 Leave a Comment

AMA Names 9 Organizations for EHR Research Grant Program

What You Should Know:  - A recent American Medical Association (AMA) survey reveals the ongoing crippling effects of the Change Healthcare cyberattack on physician practices across the United States.  - The survey was conducted after UnitedHealth Group (UHG) said that claims would be flowing by the weekend of March 23. Despite UHG’s assurances, the attack, which began in February 2024, has disrupted claim processing and caused significant financial strain, jeopardizing patient
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New Report Reveals Biggest Reason Why Nurses Are Quitting

by Fred Pennic 04/10/2024 Leave a Comment

New Report Reveals Biggest Reason Why Nurses Are Quitting

What You Should Know:  - Laudio and the American Organization for Nursing Leadership announced the release of the inaugural Quantifying Nurse Manager Impact report, which delivers insights into the impact of nurse managers on health system financial outcomes and key factors that can impede this impact.  - Leveraging Laudio’s unique data set, the report provides first-of-its-kind data on the influence of leader-team member engagement on nurse retention – a pervasive and costly
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Q1 2024 Digital Health Funding: A Reset & Refocus on Outcomes

by Fred Pennic 04/09/2024 Leave a Comment

Q1 2024 Digital Health Funding: A Reset & Refocus on Outcomes

What You Should Know: - Q1 2024 Digital health funding in the U.S. reached $2.7B across 133 deals, with an average deal size of $20.6M, according to Rock Health’s Q1 2024 Digital Health Funding Report.  - The report reveals the digital health funding landscape has undergone a significant shift in Q1 2024, marking a transition from a period of rapid growth to a more measured environment focused on long-term sustainability. This signals a shift towards smaller check sizes, indicating a more
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Augmedix, Andor Health Integrate to Enhance Virtual Care with AI-Powered Documentation

by Fred Pennic 04/09/2024 Leave a Comment

Augmedix, Andor Health Integrate to Enhance Virtual Care with AI-Powered Documentation

What You Should Know:  - Augmedix (AUGX), a leader in AI-powered medical documentation, and Andor Health, a cloud-based platform for virtual care communication, have announced a strategic partnership to streamline workflows and improve patient care.  - The strategic integration aims to revolutionize virtual care by leveraging ambient AI to automate note creation within the Andor Health platform, ThinkAndor®. Focus on Clinician Efficiency and Patient Care Augmedix's AI
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Define Ventures Appoints Frank Williams as Venture Partner

by Executive Hires 04/09/2024 Leave a Comment

Define Ventures Appoints Frank Williams as Venture Partner

What You Should Know:  - Define Ventures, the leading early-stage investor in digital health companies, announced today the appointment of Frank Williams as Venture Partner.  - Williams, a seasoned entrepreneur and healthcare executive, brings a wealth of experience to the firm, playing a key role in supporting and scaling their portfolio companies. Williams Bio/Background Williams boasts an impressive career in healthcare, highlighted by his co-founding role at Evolent
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