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Fred Pennic, Editor-in Chief | HIT Consultant

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

CVS + Echo Health Makes Strategic Investment in Thyme Care

by Fred Pennic 05/28/2024 Leave a Comment

Thyme Care Launches Virtual Palliative Care Program to Enhance Cancer Care

What You Should Know:  - Thyme Care, a leader in value-based cancer care, has announced a strategic investment from Echo Health Ventures and CVS Health Ventures. Both partners have identified Thyme Care’s provider-centric approach as the only way to improve the patient experience and reduce costs across the care continuum. The investment was part of Thyme’s Series B fundraise. - The strategic funding will fuel the national expansion of Thyme Care's innovative model, aiming to improve
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Sheba Medical Center & Salignostics to Develop Saliva Test for Early Oral Cancer Detection

by Fred Pennic 05/28/2024 Leave a Comment

Sheba Medical Center & Salignostics to Develop Saliva Test for Early Oral Cancer Detection

What You Should Know:  - Jerusalem-based Salignostics, a company specializing in rapid tests using saliva samples, has joined forces with ARC Innovation, the innovation arm of Sheba Medical Center, in a groundbreaking initiative.  - The strategic partnership is focused on developing a revolutionary test for early detection of oral cavity cancer through saliva analysis. Early Detection: A Critical Need in Oral Cancer Globally, over 400,000 individuals are diagnosed with
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Innovaccer Launches Quality Management Solution for Health Plans

by Fred Pennic 05/28/2024 Leave a Comment

Innovaccer Launches Quality Management Solution for Health Plans

What You Should Know:  - Innovaccer Inc., a leader in healthcare artificial intelligence, has unveiled a quality management and reporting solution designed specifically for health plans.  - The comprehensive platform empowers health plans to streamline workflows, improve member health outcomes, and achieve higher quality ratings. Addressing Challenges in Healthcare Quality Management Health plans have long grappled with managing quality and reporting requirements
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AI’s Transformative Power in Health, Wellness, and Supplements

by Fred Pennic 05/28/2024 Leave a Comment

AI's Transformative Power in Health, Wellness, and Supplements

The integration of Artificial Intelligence (AI) technologies into various sectors has been a game-changer, and the health and wellness industry is no exception. As we progress further into the digital age, AI is poised to revolutionize the way we approach our well-being, offering unprecedented opportunities for personalized care, predictive analytics, and targeted solutions. AI in Healthcare: Revolutionizing Patient Care In the realm of healthcare, AI has already made significant strides
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US Government Invests $50M in Automating Hospital Cybersecurity Defense

by Fred Pennic 05/24/2024 Leave a Comment

US Government Invests $50M in Automating Hospital Cybersecurity Defense

What You Should Know:  - The healthcare industry faces a growing threat: cyberattacks targeting hospital IT systems. In response, the US government's Advanced Research Projects Agency for Health (ARPA-H) has pledged over $50 million to fund a groundbreaking program called UPGRADE (Universal PatchinG and Remediation for Autonomous DEfense). - The success of UPGRADE has the potential to significantly improve hospital cybersecurity and protect patient care from cyber threats. By
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Boulder Care Secures $35M to Expand Telehealth Addiction Treatment for Underserved Communities

by Fred Pennic 05/24/2024 Leave a Comment

Boulder Care Secures $35M to Expand Telehealth Addiction Treatment for Underserved Communities

What You Should Know:  - Boulder Care, a leading provider of high-quality addiction treatment, announced today the successful closing of an oversubscribed $35M Series C funding round led by Advance Venture Partners (AVP), joined by Stripes and existing investors, including First Round Capital, Qiming Venture Partners, and Laerdal Million Lives Fund. - Boulder Care will invest in developing even more robust services tailored to address the specific needs of high-need patients and plans
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Providence, Microsoft, UW Develop AI-Powered Pathology Model

by Fred Pennic 05/23/2024 Leave a Comment

Providence, Microsoft, and UW Develop AI-Powered Pathology Model

What You Should Know:  - A collaborative effort between Providence, Microsoft, and the University of Washington has yielded a breakthrough in cancer diagnostics with the development of an AI-powered pathology model, Prov-GigaPath. - Prov-GigaPath is an AI-powered pathology model designed to improve patient care and transform cancer diagnostics. It analyzes entire pathology slides to identify patterns, leading to more accurate mutation predictions and effective cancer subtyping. The
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5 Cloud Security Best Practices for Healthcare Leaders

by Jake Madders, co-founder and director of Hyve Managed Hosting 05/23/2024 Leave a Comment

5 Cloud Security Best Practices for Healthcare Leaders

Based on last year's research by PWC, the majority of health services organizations have already transitioned to the cloud or are in the process of doing so. The study claims that 81% of health services executives confirmed that they have adopted the cloud in most or all parts of their business to enhance patient care, clinical workflows, safety and more. However, with 79% of all reported data breaches during the first 10 months of 2020 targeting the healthcare sector and recent spotlights on
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Tempus AI Files for IPO, Eyes Over $600M in Funding for AI-Powered Precision Medicine

by Fred Pennic 05/23/2024 Leave a Comment

Tempus AI Files for IPO, Eyes Over $600M in Funding for AI-Powered Precision Medicine

What You Should Know:  - Tempus AI, a leader in artificial intelligence (AI)-powered precision medicine, filed with the Securities and Exchange Commission (SEC) on Monday to raise up to $100M in an initial public offering (IPO). Industry analysts, however, believe this figure might be a placeholder, with the actual target amount closer to $600M. - Founded in 2015 and headquartered in Chicago, Illinois, Tempus AI reported $562M in revenue for the fiscal year ending March 31,
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Tuesday Health Launches Supportive Care Solution with $60M

by Fred Pennic 05/23/2024 Leave a Comment

Tuesday Health Launches Supportive Care Solution with $60M

What You Should Know:  - Tuesday Health, a leader in value-based care for the seriously ill, has launched its innovative supportive care solution with $60M in partnership with Valtruis, Blue Venture Fund, Mass General Brigham Ventures, and CareSource.  - Tuesday Health's mission is to make the end-of-life journey clearer and more supportive for patients and families. With this significant investment and a committed team, they are well-positioned to achieve their goals and
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