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Fred Pennic, Editor-in Chief | HIT Consultant

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

Black and Hispanic Patients Face Higher Liver Cancer ED Visits, Study Finds

by Fred Pennic 06/25/2024 Leave a Comment

Black and Hispanic Patients Face Higher Liver Cancer ED Visits

What You Should Know:  - A new study by Inovalon, a leader in healthcare data analytics, sheds light on racial and socioeconomic disparities in emergency department (ED) visits for patients with hepatocellular carcinoma (HCC), the most common type of liver cancer.  - The study, conducted in collaboration with Genentech, a member of the Roche Group, and Thomas Jefferson University Hospital, highlights the significant impact of social determinants of health (SDOH) on access to
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HHS Finalizes Rules to Penalize Healthcare Providers Engaging in Information Blocking

by Fred Pennic 06/24/2024 Leave a Comment

What You Should Know:  - The U.S. Department of Health and Human Services (HHS) announced a new final rule today aimed at preventing information blocking in healthcare.  - The final rule establishes disincentives for healthcare providers who engage in practices that interfere with a patient's access to their electronic health information (EHI). What is Information Blocking? Information blocking occurs when a healthcare provider knowingly and unreasonably interferes with the
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Atropos Health Expands Evidence Network with 5 New Partners

by Fred Pennic 06/24/2024 Leave a Comment

Atropos Health Raises $30M to Improve Value-Based Care Through Real-World Evidence

What You Should Know:  - Atropos Health announced significant growth for its Atropos Evidence Network, adding new partners, a new customer, and a wider range of datasets.  - Atropos Health's expansion demonstrates its commitment to revolutionizing healthcare through real-world data and fostering a collaborative environment for evidence-based decision-making. More Data, More Possibilities The Atropos Evidence Network welcomes Forian and Syndesis Health, expanding the reach
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ColdVentures Unveils FDA-Approved ColdVest to Prevent Heat-Related Deaths

by Fred Pennic 06/21/2024 Leave a Comment

ColdVentures Unveils Medical Device ColdVest to Prevent Heat-Related Deaths

What You Should Know:  - ColdVentures, a medical device innovator, has unveiled the ColdVest – a groundbreaking wearable technology designed to prevent heat stroke fatalities. - The ColdVest is the first-of-its-kind, Class 1 FDA-approved portable emergency cooling device. It is designed to bridge the critical gap between heat stroke onset and emergency medical intervention, potentially saving lives. Protecting Lives in the Face of Rising Temperatures The ColdVest is the
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Zing Coach Raises $10M to Expand AI-Powered Fitness Coach

by Fred Pennic 06/21/2024 Leave a Comment

Zing Coach Raises $10M to Expand AI-Powered Fitness Coach

What You Should Know:  -  Zing Coach, a health-tech leader backed by Palta, has secured $10M in Series A funding led by Zubr Capital and Triple Point Capital.  - The secured funding will empower Zing Coach to expand its development team and bolster marketing efforts to reach new international markets. Additionally, the company will further refine its AI Coach technology.  - Currently, in beta testing, the AI Coach will be available to all Zing Coach users this fall.
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Deaconess Health System Delivers 24/7 Virtual Urgent Care Across 50 States via KeyCare

by Fred Pennic 06/21/2024 Leave a Comment

- Deaconess Health System, a healthcare provider serving over 1.5 million patients in Indiana, Illinois, and Kentucky, announced a collaboration with KeyCare. This partnership brings 24/7 virtual urgent care to Deaconess patients across all 50 states through MyChart, the health system's patient portal. - The partnership empowers Deaconess patients to receive high-quality urgent care for a variety of non-emergency conditions from the comfort of their homes, or wherever they may be. This
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PwC: Pharma & Biotech Dealmaking Heats Up Despite Uncertainties

by Fred Pennic 06/21/2024 Leave a Comment

PwC: Pharma & Biotech Dealmaking Heats Up Despite Uncertainties

What You Should Know:  - The pharmaceutical and life sciences (PLS) sector is experiencing a resurgence in dealmaking activity, with a 20% increase in deal volume over the past year reported, according to PwC’s latest US Midyear Deals 2024 Outlook for Pharmaceutical and Life Sciences.  - M&A activity in the PLS sector is expected to remain strong throughout 2024 and potentially into 2025. Clarity on factors like US election outcomes and Federal Reserve interest rate decisions
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Sanofi and Biovac Join Forces to Manufacture Polio Vaccines in Africa

by Fred Pennic 06/21/2024 Leave a Comment

Sanofi and Biovac Join Forces to Manufacture Polio Vaccines in Africa

What You Should Know:  - Sanofi, a global healthcare leader, and Biovac, a prominent South African biopharmaceutical company, announced a landmark partnership. This collaboration aims to establish local manufacturing of inactivated polio vaccines (IPV) in Africa, serving the needs of over 40 African countries. - Under this new partnership, Sanofi will continue producing the bulk IPV supply. Biovac, upon receiving marketing authorization, will oversee the final stages of formulation,
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GE Healthcare & MediView Debut Augmented Reality System for Interventional Radiology

by Fred Pennic 06/20/2024 Leave a Comment

OmnifyXR Interventional Suite,

What You Should Know:  - Today, GE HealthCare (Nasdaq: GEHC) and MediView XR Inc. announced the successful launch of the OmnifyXR Interventional Suite, marking the first-ever clinical use of this innovative augmented reality (AR) technology. - North Star Vascular and Interventional in Minneapolis, Minnesota became the first medical facility to utilize OmnifyXR in real-world procedures. Dr. Jafar Golzarian, Professor of Radiology and founder of the clinic, successfully performed two
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Humata Health Secures $25M for AI-Powered Prior Authorization

by Fred Pennic 06/20/2024 Leave a Comment

Humata Secures $25M for AI-Powered Prior Authorization

What You Should Know:  - Humata Health, a company revolutionizing prior authorizations in healthcare with AI and automation raises $25M co-led by Blue Venture Fund and LRVHealth with participation from Optum Ventures, .406 Ventures, Highmark Ventures, and VentureforGood further demonstrates the widespread support for Humata's innovative approach.  - With this significant investment, Humata Health will expand its AI capabilities, broaden its provider base, and partner with payers to
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