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Fred Pennic, Editor-in Chief | HIT Consultant

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

Emergency Services to Deploy Augmedix Generative AI Solution to Relieve Clinician Burnout in ED

by Fred Pennic 06/20/2024 Leave a Comment

Augmedix Launches GenAI-Powered, Medical Documentation Solution for Emergency Departments

What You Should Know:  - Emergency room physicians in central Ohio are getting a helping hand from artificial intelligence (AI). Emergency Services Inc. (ESI), a physician-owned group serving the second-largest healthcare system in the region, has announced the deployment of Augmedix Go ED, an AI-powered medical documentation solution. - Developed by Augmedix (Nasdaq: AUGX), a leader in AI for healthcare documentation, Augmedix Go ED is the first of its kind. This innovative system
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Carolina Caring to Bring Virtual Reality Experiences to Seniors

by Fred Pennic 06/20/2024 Leave a Comment

Carolina Caring to Bring Virtual Reality Experiences to Seniors

What You Should Know:  - Rendever, a virtual reality (VR) company focused on enhancing the lives of older adults, announced a partnership with Lenovo to bring VR experiences to patients at Carolina Caring, a non-profit healthcare provider.  - The strategic collaboration aims to improve the quality of life for seniors by offering them immersive and engaging VR experiences, even if their physical mobility is limited. Expanding Seniors' Horizons Through VR Rendever's VR
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Boston Scientific Acquires Silk Road Medical for $1.16B, Bolstering Stroke Prevention

by Fred Pennic 06/19/2024 Leave a Comment

Boston Scientific Acquires Silk Road Medical for $1.16B, Bolstering Stroke Prevention

What You Should Know:  - Boston Scientific Corporation (NYSE: BSX) announced a definitive agreement to acquire Silk Road Medical, Inc. (Nasdaq: SILK) for approximately $1.16 billion ($27.50 per share). Silk Road Medical is a leading innovator in minimally invasive stroke prevention technologies for patients with carotid artery disease. - The acquisition strengthens Boston Scientific's position in the vascular medicine field, offering physicians a broader range of solutions for
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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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