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Fred Pennic, Editor-in Chief | HIT Consultant

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

Vista Equity Partners Acquires Model N for $1.25B

by Fred Pennic 04/08/2024 Leave a Comment

Vista Equity Partners Acquires Model N for $1.25B

What You Should Know:  - Model N (NYSE: MODN), a leading provider of revenue optimization and compliance solutions for the life sciences and high-tech industries, has announced a definitive agreement to be acquired by Vista Equity Partners ("Vista"). - Under the terms of the agreement, Vista will acquire all outstanding shares of Model N common stock for $30.00 per share in an all-cash transaction valued at approximately $1.25 billion. - The transaction is expected to close in
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Epic & Press Ganey Integrate to Streamline Nursing Quality Data

by Fred Pennic 04/08/2024 Leave a Comment

Epic Systems

What You Should Know:  - Press Ganey, a provider of healthcare experience measurement and data analysis, announced a collaboration with Epic to integrate nurse-sensitive indicators (NSIs) and outcomes directly into Press Ganey's National Database of Nursing Quality Indicators (NDNQI).  - The strategic integration partnership will significantly improve efficiency for nursing leaders and ultimately enhance patient care. What is the NDNQI? The NDNQI is a comprehensive database
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UCLA, PreciseDx to Develop AI-Powered Breast Cancer Recurrence Tool for Early Detection

by Fred Pennic 04/08/2024 Leave a Comment

UCLA, PreciseDx to Develop AI-Powered Breast Cancer Recurrence Tool for Early Detection

What You Should Know:  - PreciseDx®, a leader in AI-powered diagnostics for oncology, announces a crucial collaboration with UCLA's Department of Pathology and Laboratory Medicine.  - The research initiative focuses on evaluating PreciseDx's innovative tool, PreciseBreast™, for its ability to accurately assess the risk of recurrence in patients diagnosed with triple-negative breast cancer (TNBC). Why Focus on Triple-Negative Breast Cancer? TNBC Challenges: Accounting for
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Verily Powers Otsuka’s Longitudinal Registry to Advance Mental Health Research

by Fred Pennic 04/08/2024 Leave a Comment

Verily Powers Otsuka’s Longitudinal Registry to Advance Mental Health Research

What You Should Know:  - Otsuka Pharmaceutical Development & Commercialization, Inc. (Otsuka), a global pharmaceutical company, and Verily Life Sciences LLC (Verily), a precision health technology company, have teamed up to launch a groundbreaking research initiative called "My Mental Health Journey."  - The longitudinal registry study aims to significantly enhance our understanding of depression and other mental health conditions. The Power of Real-World Data My Mental
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Osso VR and ACC to Develop Cardiac Procedure Training with VR

by Fred Pennic 04/05/2024 Leave a Comment

What You Should Know:  - Osso VR, the leader in immersive procedural training, announces a groundbreaking collaboration with the American College of Cardiology (ACC) to develop a state-of-the-art training curriculum for left atrial appendage occlusion (LAAO) procedures.  - The strategic partnership marks a significant leap forward in the field of medical education, leveraging virtual reality (VR) technology to enhance interventional cardiologists' training. The Focus: Left
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Commure Unveils Free AI Scribe to Enhance Automated Documentation

by Fred Pennic 04/05/2024 Leave a Comment

Commure Unveils Free AI Scribe to Enhance Automated Documentation

What You Should Know: - Commure, a leader in healthcare communication solutions unveils Commure Scribe, a free, AI-powered tool that automates documentation and generates SOAP notes directly within existing Electronic Medical Records (EMRs).  - With this release, hundreds of thousands of providers across 350+ locations and 40 major health systems gain access to Commure's cutting-edge technology. Commure Scribe Key Features Free and Accessible: Unlike many scribing solutions,
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HealthArc Secures $5M for Advanced Care Management Platform

by Fred Pennic 04/05/2024 Leave a Comment

HealthArc Secures $5M for Advanced Care Management Platform

What You Should Know:  - HealthArc, a virtual healthcare company secures $5M in funding led by ScOp Venture Capital to transform healthcare through its advanced care management platform. - HealthArc provides a comprehensive suite of virtual care programs and ensures seamless integration with existing systems to empower healthcare providers to deliver exceptional care to their patients. Unified Care Management Platform HealthArc's Unified Care Management Platform offers a
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Biolinq Secures $58M to Advance Continuous Glucose Monitoring Patch

by Fred Pennic 04/04/2024 Leave a Comment

Biolinq Secures $58M to Advance Continuous Glucose Monitoring Patch

What You Should Know: - Biolinq, a provider of precision wearable biosensors for metabolic health secures $58M led by Alpha Wave Ventures. The round will include participation from Niterra’s corporate venture capital fund jointly operated with Pegasus Tech Ventures and existing investors RiverVest Venture Partners, AXA IM Alts, Global Health Investment Corporation, Aphelion Capital, Senvest Management, Features Capital and Taisho Pharmaceutical. J.P. Morgan served as a placement agent to
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Pager Health Unveils 3 New GenAI Apps to Personalize Member Experiences

by Fred Pennic 04/04/2024 Leave a Comment

Pager Health Unveils 3 New GenAI Solutions to Personalize Member Experiences

What You Should Know: - Pager Health, a virtual-care platform, announces the development of three new generative AI (GenAI) applications designed to streamline care navigation and personalize member experiences. - The strategic integration partnership with Google Cloud empowers Pager to address the "quadruple aim" of healthcare: improved population health, reduced costs, better patient experience, and improved provider experience. GenAI Applications Overview The three GenAI
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Manifold Secures $15M to Revolutionize Clinical Research with AI

by Fred Pennic 04/04/2024 Leave a Comment

Manifold Secures $15M to Revolutionize Clinical Research with AI

What You Should Know: - Manifold, an AI-powered clinical research platform raises $15M in a Series A funding round led by TQ Ventures with participation from Calibrate Ventures, SK Ventures, and existing investors TTCER Partners and Dr. Sachin H. Jain. - By accelerating research progress, Manifold paves the way for faster development of life-saving treatments and improved patient outcomes. AI-Powered Clinical Research Platform Manifold tackles a critical challenge in medical
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