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Fred Pennic, Editor-in Chief | HIT Consultant

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

General Catalyst Raises $8B w/ $750M for Health Assurance Fund

by Fred Pennic 10/24/2024 Leave a Comment

General Catalyst Raises $8B w/ $750M for Health Assurance Fund

What You Should Know:  - General Catalyst (GC), a global venture capital firm, has announced a significant milestone with the raise of $8B in new capital consisting of $6B for GC’s latest fund - Fund XII - and $2B in separately managed accounts).. - The substantial investment will accelerate GC's mission to advance health assurance and drive transformative innovations across various sectors, including AI, healthcare, and global resilience. $750M Allocated to Health Assurance
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PeopleOne Health Raises $32.3M to Reimagine Value-Based Primary Care

by Fred Pennic 10/24/2024 Leave a Comment

PeopleOne Health Raises $32.3M to Reimagine Value-Based Primary Care

What You Should Know:  - PeopleOne Health, a pioneer in value-based primary care, has secured up to $32.3M in Series B funding led by GV (Google Ventures), with participation from notable investors including healthcare entrepreneur Glen Tullman.  - The funding will accelerate PeopleOne Health's mission to transform primary care by providing a comprehensive, patient-centric, and cost-effective health benefit. Addressing the Healthcare Crisis As healthcare costs continue to
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Cognosos Acquires Cox Prosight, Enhancing RTLS for Hospitals

by Fred Pennic 10/24/2024 Leave a Comment

Cognosos Acquires Cox Prosight, Enhancing RTLS for Hospitals

What You Should Know:  - Cognosos, a provider of real-time location services (RTLS) for healthcare, has acquired Cox Prosight, an award-winning RTLS platform specifically designed for hospitals.  - This strategic acquisition combines Cognosos' AI-powered location technology with Cox Prosight's robust platform, creating a cutting-edge solution to address the operational challenges faced by hospitals today. Addressing Critical Needs for Hospitals This acquisition comes at a
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Philips, Medtronic Neurovascular Partner to Advocate for Improved Stroke Care

by Fred Pennic 10/24/2024 Leave a Comment

Philips, Medtronic Neurovascular Partner to Advocate for Improved Stroke Care

What You Should Know:  - Philips and Medtronic Neurovascular, an innovator in neurovascular therapies, have announced a strategic partnership to advocate for improved stroke care worldwide.  - Recognizing the critical need for timely diagnosis and treatment of stroke, the two companies are joining forces to raise awareness, improve access to care, and leverage technology to enhance stroke outcomes. The Global Burden of Stroke Stroke is a leading cause of disability and
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Report: The State of AI During the Great Burnout in Healthcare

by Fred Pennic 10/23/2024 Leave a Comment

Report: The State of AI During the Great Burnout in Healthcare

What You Should Know:  - Innovaccer Inc., a healthcare AI company, has released a new research report, "The State of AI During the Great Burnout in Healthcare," shedding light on the increasing role of AI in addressing the challenges faced by healthcare professionals.  - The report, based on a survey of 568 healthcare professionals, reveals that AI is being embraced as a crucial tool for reducing administrative burden, improving operational efficiency, and mitigating clinician
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HCA Healthcare, Commure to Deploy Ambient AI Platform Across Enterprise

by Fred Pennic 10/23/2024 Leave a Comment

HCA Healthcare, Commure to Deploy Ambient AI Platform Across Enterprise

What You Should Know:  - HCA Healthcare, one of the nation's largest healthcare providers has selected Commure to develop and deploy an ambient AI platform across its vast network of healthcare professionals.  - By automating clinical documentation and streamlining workflows, this innovative platform has the potential to transform healthcare delivery and improve patient outcomes across HCA Healthcare's vast network of facilities. Transforming Healthcare Through
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Net Health Integrates Tali’s AI-Powered Ambient Scribing to Transform EHR Documentation

by Fred Pennic 10/23/2024 Leave a Comment

Net Health Integrates Tali's AI-Powered Ambient Scribing to Transform EHR Documentation

What You Should Know:  - Net Health, a provider of specialized healthcare software solutions, has announced a strategic partnership with Tali, an AI assistant and ambient clinical documentation company.  - The partnership will integrate Tali's voice-enabled AI assistant into Net Health's EHR software, transforming documentation processes and empowering clinicians to focus more on patient care. Addressing the Burden of Clinical Documentation Healthcare providers, particularly in
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Bioptimus and Proscia Accelerate AI Development in Pathology with H-optimus-0 Integration

by Fred Pennic 10/23/2024 Leave a Comment

FDA Clears Proscia's AI-Powered Digital Pathology Solution for Cancer Diagnosis

What You Should Know:  - Bioptimus, a French startup developing cutting-edge AI foundation models for biology, has announced a strategic partnership with Proscia, a provider of AI-enabled pathology solutions.  - The collaboration integrates Bioptimus' H-optimus-0 foundation model into Proscia's Concentriq® Embeddings, empowering researchers and data scientists to achieve breakthroughs in AI development at an unprecedented pace. Unlocking the Power of Foundation
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HLTH: KLAS Research Unveils Top 20 Emerging Healthcare Solutions

by Fred Pennic 10/22/2024 Leave a Comment

HLTH: KLAS Research Unveils Top 20 Emerging Healthcare Solutions

What You Should Know:  - KLAS Research, a healthcare research and insights firm, has announced the winners of its 2024 Emerging Solutions Top 20 awards at the HLTH 2024 conference. These awards recognize the most innovative and impactful emerging healthcare companies that are poised to transform the industry. - While AI and other emerging technologies offer tremendous potential, the KLAS report also acknowledges the challenges of integrating these solutions into existing healthcare IT
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HLTH: OneStep Secures $36M to Establish Gait Analysis as the Sixth Vital Sign

by Fred Pennic 10/22/2024 Leave a Comment

OneStep Secures $36M to Establish Gait Analysis as the Sixth Vital Sign

What You Should Know:  - OneStep, a provider of smartphone-based motion analysis technology has raised $36M in funding co-led by Team8 and Vintage Investment Partners. - The company aims to establish gait analysis – the study of how a person walks – as the sixth vital sign, crucial for understanding and improving overall health. Transforming Smartphones into Clinical Tools OneStep's technology turns smartphones into clinical-grade motion analysis tools, making gait analysis as
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