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Fred Pennic, Editor-in Chief | HIT Consultant

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

Alarming Nurse Shortage Threatens Healthcare System, But Solutions Emerge

by Fred Pennic 06/19/2024 Leave a Comment

Alarming Nurse Shortage Threatens Healthcare System, But Solutions Emerge

What You Should Know:  - A new report by Incredible Health, the leading platform for connecting nurses with healthcare employers, paints a concerning picture of the American healthcare system. The report, titled "2024 Healthcare Executive Report," reveals a crisis brewing – a deepening shortage of nurses that threatens patient care. - The US healthcare system is projected to face a staggering shortage of 1 million nurses by 2030. This alarming gap stems from a growing patient
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Hospital Leaders Grapple with Workforce Shortages, Tech Risks, and Financial Pressures: FTI Consulting Survey

by Fred Pennic 06/19/2024 Leave a Comment

What You Should Know:  - FTI Consulting's inaugural Hospital Operations Outlook Survey paints a picture of a healthcare industry navigating a complex post-pandemic environment. While hospitals strive to meet the evolving needs of patients and communities, they grapple with significant challenges, including workforce shortages, financial pressures, and the ever-present threat of cyberattacks. - The FTI Consulting survey unveils the multifaceted challenges and opportunities facing
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Telepsychiatry Practice Talkiatry Secures $130M to Expand Value-Based Mental Healthcare Model

by Fred Pennic 06/18/2024 Leave a Comment

Telepsychiatry Practice Talkiatry Secures $130M to Expand Value-Based Mental Healthcare Model

What You Should Know:  - Talkiatry, a leading provider of high-quality, in-network psychiatric care raises $130M led by Andreessen Horowitz (a16z) with participation from Perceptive Advisors and debt financing from Banc of California.  - Talkiatry boasts in-network status with over 60 health plans, including major insurers like Aetna, Blue Cross Blue Shield, and United Healthcare. This covers over 70% of commercially insured individuals in the US.  - With this new
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Salesforce Launches AI-Powered Life Sciences Cloud for Pharma and MedTech

by Fred Pennic 06/18/2024 Leave a Comment

Salesforce Launches AI-Powered Life Sciences Cloud for Pharma and MedTech

What You Should Know:  - Salesforce announced the general availability of Life Sciences Cloud, a platform for pharmaceutical (pharma) and medical technology (medtech) organizations to help personalize patient and healthcare professional (HCP) engagement and streamline clinical operations with data, automation, and trusted AI. - By harnessing the power of AI and automation, it empowers pharma and medtech companies to streamline operations, improve patient care, and ultimately
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Healthcare Leaders Embrace Virtual Care and AI to Combat Staffing Crisis: Philips Future Health Index 2024

by Fred Pennic 06/18/2024 Leave a Comment

Healthcare Leaders Embrace Virtual Care and AI to Combat Staffing Crisis: Philips Future Health Index 2024

What You Should Know:  - A new report by Philips, the Future Health Index 2024, paints a concerning picture of the healthcare industry struggling with significant staffing shortages.  - The report, based on a survey of 3,000 healthcare leaders across 14 countries, reveals how this crisis is impacting both staff and patients. Burnout and Backlogs: The Human Cost of Staff Shortages The report reveals a concerning trend - nearly two-thirds (66%) of healthcare leaders report
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Color and Carrum Health Partner for End-to-End Cancer Care

by Fred Pennic 06/18/2024 Leave a Comment

Color and Carrum Health Parnter for End-to-End Cancer Care

What You Should Know:  - Color Health, a leader in comprehensive cancer care, and Carrum Health, known for their value-based cancer treatment programs form a startegic partnership to offer employers an end-to-end cancer program.  -  By providing a seamless, cost-effective, and patient-centric experience, the end-to-end cancer program empowers employers to combat rising cancer rates and improve the overall health and well-being of their workforce. The Deadly Reality of
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OpenAI, Color Health Launch Cancer Copilot Tool To Expedite Cancer Treatment

by Fred Pennic 06/17/2024 Leave a Comment

OpenAI, Color Health Launch Cancer Copilot Tool To Expedite Cancer Treatment

What You Should Know:  - Cancer – the second leading cause of death in the United States – is a complex disease requiring timely diagnosis and treatment. Delays in either can significantly impact patient outcomes.  - Color Health, a company dedicated to improving access to healthcare, has partnered with OpenAI to pioneer a new solution: the copilot application. This innovative tool utilizes artificial intelligence (AI) to streamline cancer care and expedite treatment plans. A
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3 Ways AI Can Reduce Relapse Rates in Behavioral Health

by Fred Pennic 06/17/2024 Leave a Comment

3 Ways AI Can Reduce Relapse Rates in Behavioral Health

What You Should Know:  - Relapse rates in behavioral health treatment are a persistent hurdle. Up to 80% of people with substance use disorders will relapse at some point, causing discouragement for both patients and providers. However, a new weapon is emerging in the fight for sustained recovery: Artificial Intelligence (AI). Early Intervention: Catching Relapse Before it Starts Videra Health, an AI-powered mental health assessment platform, highlights how AI can play a crucial
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Payers: Digital Health Investments Increase Member Satisfaction

by Fred Pennic 06/17/2024 Leave a Comment

Payers: Digital Health Investments Increase Member Satisfaction

What You Should Know:  - The healthcare landscape is undergoing a significant transformation driven by advancements in digital health technology. A recent EY Health Pulse Survey reveals a wave of positive changes, with members experiencing greater control, easier access to information, and improved satisfaction thanks to these advancements. - With a focus on personalization, empowered patients, and data-driven decision-making, digital health tools are revolutionizing the
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Real-Time AI Alerts Reduce Patient Deaths by 43%, Mount Sinai Study Finds

by Fred Pennic 06/14/2024 Leave a Comment

Real-Time AI Alerts Reduce Patient Deaths by 43%, Mount Sinai Study Finds

What You Should Know:  - A new study from Mount Sinai Hospital suggests artificial intelligence (AI) can significantly improve patient outcomes by predicting and preventing health decline. The research, published in Critical Care Medicine, found hospitalized patients receiving AI-generated alerts about potential health deterioration were 43% more likely to receive escalated care and far less likely to die. - Traditionally, healthcare professionals relied on manual methods like the
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