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Fred Pennic, Editor-in Chief | HIT Consultant

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

Bharat Sundaram Named CEO of Hallmark

by Healthcare Executive Hires 03/17/2025 Leave a Comment

Bharat Sundaram Named CEO of Hallmark

What You Should Know:  - Hallmark, a prominent healthcare workforce management technology company, has announced  the appointment of Bharat Sundaram as its new Chief Executive Officer.   - Sundaram succeeds Bruce Cerullo, who will remain on the Board of Directors and serve as a Strategic Advisor to the company. Sundaram Bio/Background Bharat Sundaram is described as a seasoned healthcare technology executive with extensive experience gained from roles at Vizient,
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Walgreens PE Buyout Heavily Reliant on 83% Debt, Raising Concerns About Financial Stability

by Fred Pennic 03/14/2025 Leave a Comment

Walgreens, Pearl Health Partner to Expand Value-Based Care Delivery

What You Should Know:  - The recent acquisition of Walgreens Boots Alliance by private equity firm Sycamore Partners is drawing scrutiny due to the high level of debt financing involved and questions surrounding Sycamore's equity commitment. - According to a Securities and Exchange Commission (SEC) filing, 83.4% of the financing for the Walgreens buyout is debt, totaling $22.5B. This is more than double the average debt level (41%) used in private equity acquisitions last
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Hospitals Face Mounting Supply Chain Crisis, Survey Reveals

by Fred Pennic 03/14/2025 Leave a Comment

Hospitals Face Mounting Supply Chain Crisis, Survey Reveals

What You Should Know:  A new survey from symplr®, a provider of enterprise healthcare operations software, reveals the escalating challenges and shifting priorities facing U.S. hospitals and health systems in their supply chains. The 2025 State of Healthcare Supply Chain Survey, which polled nearly 100 healthcare supply chain leaders, highlights a landscape where disruptions have surpassed cost concerns, patient outcomes are a top priority, and a skills gap is hindering
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Mobile Health Appoints Kenneth Faltischek as CEO

by Healthcare Executive Hires 03/14/2025 Leave a Comment

Mobile Health Appoints Kenneth Faltischek as CEO

What You Should Know:  - Mobile Health, a national leader in occupational health, wellness, and compliance services, has announced the appointment of Kenneth Faltischek as its new Chief Executive Officer (CEO). Faltischek, a seasoned healthcare executive and long-time advisor to Mobile Health, will steer the company through its next phase of innovation and expansion. - Todd Wolf, the current CEO, will transition to the role of strategic board advisor, where he will support Mobile
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symplr Appoints Chief Commercial Officer & Chief Product Officer

by Healthcare Executive Hires 03/14/2025 Leave a Comment

symplr Appoints Chief Commercial Officer & Chief Product Officer

What You Should Know:  - symplr®, a provider of enterprise healthcare operations software, has recently announced the appointments of Mike Valli as Chief Commercial Officer (CCO) and Scott Sbihli as Chief Product Officer (CPO).  - These strategic additions to the leadership team underscore symplr's commitment to evolving its comprehensive approach to healthcare operations and supporting the newly launched symplr Operations Platform (SOP). The appointments are expected to drive
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Tia Deploys Nabla’s AI Assistant to Enhance Women’s Healthcare

by Fred Pennic 03/13/2025 Leave a Comment

What You Should Know:  - Tia, a health clinic specializing in comprehensive women's care, has announced a partnership with Nabla, an ambient AI assistant for clinicians.  - The strategic collaboration aims to enhance patient-centered care by reducing clinical burnout and streamlining medical documentation through the integration of Nabla's AI technology. Addressing Disparities in Women's Healthcare Tia's recent "Women's Integrated Primary Care 2024 Outcomes Report"
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Citizens Memorial Hospital Integrates Unite Us with MEDITECH Expanse EHR

by Fred Pennic 03/13/2025 Leave a Comment

Citizens Memorial Hospital Integrates Unite Us with MEDITECH Expanse

What You Should Know:  - Citizens Memorial Hospital (CMH) in Bolivar, Missouri, has announced a collaboration with Unite Us, a technology partner for social care transformation, to integrate its MEDITECH Expanse EHR with Unite Us' closed-loop referral system.  - Citizens Memorial Hospital is a comprehensive rural healthcare system serving eight counties in southwest Missouri. The integration aims to identify and address the social care needs of CMH's patient population,
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GeneDx Launches Multiscore: AI-Powered Tool for Genetic Analysis

by Fred Pennic 03/13/2025 Leave a Comment

GeneDx Launches AI Tool to Fuel Rare Disease Drug Discovery

What You Should Know:  - GeneDx, a leader in delivering improved health outcomes through genomic insights launches Multiscore, an advanced AI-powered decision support tool.  - Multiscore is designed to revolutionize genetic analysis by improving diagnostic efficiency, streamlining workflows, and enhancing clinical insights. Advanced Decision Support System Enhances Diagnostic Efficiency  Embedded into GeneDx’s interpretation platform, Multiscore acts as a decision
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Motivity Secures $27M to Advance AI-Driven ABA Therapy Solutions

by Fred Pennic 03/12/2025 Leave a Comment

Motivity Secures $27M to Advance AI-Driven ABA Therapy Solutions

What You Should Know:  - Motivity, a provider of clinical SaaS solutions for Applied Behavior Analysis (ABA) providers serving children with autism secures a $27M investment from Five Elms Capital, a prominent software investment firm.  - The funding will accelerate Motivity's product innovation, expand its team, and enhance support for ABA providers worldwide. Global Reach and Strategic Partnership Today, Motivity serves over 550 organizations across seven countries,
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CoachCare Acquires VitalTech, Expanding RPM and Virtual Care Capabilities

by Fred Pennic 03/12/2025 Leave a Comment

CoachCare Acquires VitalTech, Expanding RPM and Virtual Care Capabilities

What You Should Know:  - CoachCare, a provider of remote patient monitoring (RPM) and care management platforms has acquired VitalTech, a provider of comprehensive enterprise solutions across the care continuum.  - The strategic acquisition, advised by Hyde Park Capital, represents CoachCare's eighth acquisition since 2023 and significantly enhances its virtual care capabilities. VitalTech Background VitalTech, founded in 2019, brings unique software and AI expertise to
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