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Fred Pennic, Editor-in Chief | HIT Consultant

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

Spectral AI Appoints Peter M. Carlson as CEO

by Executive Digital Health Appointments 03/01/2024 Leave a Comment

Spectral AI Appoints Peter M. Carlson as CEO

What You Should Know: - Spectral AI, Inc. (Nasdaq: MDAI), a leader in AI-powered wound care diagnostics, announced key leadership changes and positive financial outlooks today. - Peter M. Carlson assumes the role of Chief Executive Officer (CEO) and joins the Board of Directors. Mr. Carlson boasts a proven track record of driving growth and financial success for multiple public companies, including experience in the wound care industry. - Wensheng Fan, after nearly four years as CEO,
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WebMD Acquires Healthwise Assets to Strengthen Patient Education Offerings

by Fred Pennic 02/29/2024 Leave a Comment

WebMD Acquires Healthwise Assets to Strengthen Patient Education Offerings

What You Should Know: - WebMD Health Corp., a provider of health information services, announced today the acquisition of certain operating assets from Healthwise, Inc., a company specializing in patient education and engagement solutions. - Healthwise's assets, including its extensive library of patient education content, technology platform, and client relationships, will be integrated into WebMD Ignite, WebMD's healthcare engagement division. Enhancing Patient Education and
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Hippocratic AI Launches Beta Testing of First Generative AI for Healthcare

by Fred Pennic 02/29/2024 Leave a Comment

Hippocratic AI Launches Early Access Partnership Program with Providers to Shape the Future of AI-Powered Patient Care


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Healthcare Lags in AI Adoption Despite Potential Benefits, Study Reveals

by Fred Pennic 02/29/2024 Leave a Comment

Healthcare Lags in AI Adoption Despite Potential Benefits, Study Reveals

What You Should Know: - A recent study conducted by Access Partnership for Amazon Web Services (AWS) highlights a significant discrepancy between the perceived benefits of artificial intelligence (AI) in healthcare and the industry's current preparedness to utilize it effectively. - The study underscores the need for collaboration between healthcare organizations and technology leaders like AWS to bridge the AI skills gap and unlock the full potential of AI in healthcare. This
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GLP-1 Revolution, Non-Traditional Delivery, and Telehealth Expansion

by Guy Friedman, co-founder and CEO of SteadyMD 02/29/2024 Leave a Comment

GLP-1 Revolution, Non-Traditional Delivery, and Telehealth Expansion

The past few years have seen upheavals in healthcare, and 2024 so far shows no signs of breaking that pattern. While the fundamentals of healthcare remain the same – caregivers treating patients – the who, how and where are changing, driven by shifting demographics, evolving consumer preferences, technological advancements and revolutionary drugs. My work with clinicians in all 50 states, as well as the organizations that utilize their expertise, provides a unique lens to evaluate the
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Philips Appoints Charlotte Hanneman as New CFO, Succeeding Abhijit Bhattacharya

by Executive Digital Health Appointments 02/28/2024 Leave a Comment

Philips Appoints Charlotte Hanneman as New CFO, Succeeding Abhijit Bhattacharya

What You Should Know: - Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, has announced the appointment of Charlotte Hanneman as its new Chief Financial Officer (CFO). - Ms. Hanneman will join the company's Board of Management on June 1, 2024, officially assuming the CFO role on October 1, 2024. She will succeed Abhijit Bhattacharya, who will retire on September 30, 2024, after a successful 37-year career with Philips. Hanneman's Bio/Background Ms. Hanneman brings
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Redi Health Secures $14M to Transform Patient Support Programs

by Fred Pennic 02/28/2024 Leave a Comment

Redi Health Secures $14M to Transform Patient Support Programs

What You Should Know: - Redi Health, an innovator in digital health solutions, announced today the successful closing of a $14 million Series B funding round. - The Series B round, led by Blue Heron Capital, with participation from North Coast Ventures and existing investors, empowers Redi Health to accelerate growth and further establish itself as a leader in the digital health space. Addressing Challenges in Patient Support Programs Traditional Patient Support Programs (PSPs)
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Absci Announces $75M Public Offering to Fuel AI Drug Creation

by Fred Pennic 02/28/2024 Leave a Comment

Absci Announces $75M Public Offering to Fuel AI Drug Creation

What You Should Know: - Absci Corporation (Nasdaq: ABSI), a company utilizing generative AI for drug discovery, announced today an initial public offering (IPO) of $75 million in common stock. - This IPO aims to support the advancement of Absci's internal drug development programs, further investment in their Integrated Drug Creation™ platform, and general corporate purposes. Offering Details Absci intends to offer $75M of common stock, with an option to sell an additional $11.25M
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Veradigm Acquires ScienceIO for $140M in Cash to Accelerate AI Innovation in Healthcare

by Fred Pennic 02/27/2024 Leave a Comment

Veradigm Acquires ScienceIO for $140M in Cash to Accelerate AI Innovation in Healthcare

What You Should Know: - Veradigm Inc. (NASDAQ: MDRX), a provider of healthcare data and technology solutions, announced an agreement to acquire ScienceIO, a leader in healthcare AI platform and foundation models. - The acquisition is valued at $140 million in cash, with $44 million deferred and payable in installments over three years. Veradigm will fund the transaction entirely from existing cash reserves. Strategic Acquisition to Enhance AI Capabilities This acquisition signifies
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Color Health, BCBS National Labor Office Partner to Empower Unions in the Fight Against Cancer

by Fred Pennic 02/27/2024 Leave a Comment

Color Health, BCBS National Labor Office Partner to Empower Unions in the Fight Against Cancer

What You Should Know: - Color Health, a leader in comprehensive cancer solutions, announced today a Strategic Alliance partnership with the Blue Cross Blue Shield (BCBS) National Labor Office (NLO). - Through this alliance, Color Health and BCBS NLO aim to empower union leaders with the tools and resources needed to equip their members for the fight against cancer, promoting early detection, comprehensive care, and essential support services. Comprehensive Cancer Care for Union
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