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Fred Pennic, Editor-in Chief | HIT Consultant

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

Health Catalyst Acquires Oncology Platform Carevive

by Fred Pennic 06/06/2024 Leave a Comment

What You Should Know:  - Health Catalyst, a leading provider of data and analytics solutions for healthcare organizations, has finalized its acquisition of Carevive Systems.  - Carevive is a prominent oncology-focused health technology company dedicated to enhancing the cancer patient experience. Financial details of the acquisition were not disclosed.  Enhancing Oncology Care Through Data and Technology This acquisition equips Health Catalyst with valuable resources
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Eko Health Raises $41M to Scale AI-driven Heart, Lung Detection

by Fred Pennic 06/05/2024 Leave a Comment

Eko Health Raises $41M Series D to Scale AI-driven Heart, Lung Detection

What You Should Know:  - Eko Health, a leader in AI-powered early detection of heart and lung diseases, announced today a successful Series D financing round of $41 million.  - This funding, led by ARTIS Ventures, Highland Capital Partners, NTTVC, and Questa Capital, will fuel Eko's mission to expand access to its innovative platform in the U.S. and globally. Building on a Strong Foundation of Innovation and Clinical Validation This funding round comes on the heels of
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Mediktor Acquires Conversational AI Platform Sensely To Enhance Global Footprint

by Fred Pennic 06/05/2024 Leave a Comment

Mediktor Acquires Conversational AI Platform Sensely To Enhance Global Footprint

What You Should Know:  - Mediktor, a provider of AI-powered healthcare solutions, announced today the acquisition of Sensely, a San Francisco-based innovator in conversational AI for patient engagement.  - The strategic acquisition strengthens Mediktor's global footprint, broadens its technology portfolio, and positions the combined entity as a major player in the AI-driven healthcare market. Combining Expertise for Enhanced Patient Engagement Mediktor's established AI
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Fullscript Appoints New Chief People Officer, Chief Commercial Officer, General Counsel

by Executives Hires 06/05/2024 Leave a Comment

Fullscript Appoints New Chief People Officer, Chief Commercial Officer, General Counsel

What You Should Know:  - Fullscript, a healthcare platform for whole person care, announced the appointment of three new members to its leadership team: Chief People Officer Dennis Richter, Chief Commercial Officer Christopher Catallo, and General Counsel Steven Eisenberg.  - The growth of Fullscript’s strong senior leadership team signals the company’s trajectory in delivering a comprehensive platform for whole person care at scale. Dennis Richter: Chief People
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Ascension Restores EHR Access Florida, Alabama, Austin Markets After Cyberattack

by Fred Pennic 06/04/2024 Leave a Comment

Ascension Investigating Cybersecurity Event Potentially Affecting Clinical Operations

What You Should Know:  - Ascension announced it has restored EHR access in Florida, Alabama, and Austin markets affected by a recent cyberattack.  - Ascension anticipates completing EHR access across its entire network by June 14th. This will allow clinicians to access patient records seamlessly, mirroring the pre-attack workflow. - Ascension Rx retail, home delivery, and specialty pharmacy sites are now fully operational. Healthcare providers can now transmit prescriptions
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Sword Health Secures $130M, Unveils AI Care Specialist “Phoenix”

by Fred Pennic 06/04/2024 Leave a Comment

Sword Health Secures $130M, Unveils AI Care Specialist "Phoenix"

What You Should Know:  - Sword Health, a pioneer in AI-powered healthcare delivery, announced a $130M financing round today bringing Sword's total funding to $340M and propelling the company's valuation to a staggering $3B– a 50% increase since its Series D round. - This funding round, coupled with Sword's near-tripled revenue growth in the past year, unlocks exciting possibilities for the future. The company plans to leverage these resources to revolutionize healthcare delivery and
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Evolent Acquires Machinify’s AI-Driven Medical Authorization Solution

by Fred Pennic 06/04/2024 Leave a Comment

Evolent Acquires Machinify's AI-Driven Medical Authorization Solution

- Evolent Health, Inc. (NYSE: EVH), a leader in improving health outcomes for patients with complex conditions, announced today an agreement to acquire key assets from Machinify, including the exclusive license to their AI-powered platform, Machinify Auth.  - Additionally, certain Machinify employees will join Evolent. Both companies plan to establish a long-term services agreement to ensure smooth integration and ongoing platform development. This innovative technology aims to
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Philips Unveils AI Ultrasound Platform to Improve Cardiac Care

by Fred Pennic 06/04/2024 Leave a Comment

Philips Unveils AI Ultrasound Platform to Improve Cardiac Care

What You Should Know:  - Philips, a leader in health technology, today announced its next-generation AI-powered cardiovascular ultrasound platform.  - The new platform aims to revolutionize cardiac ultrasound analysis by leveraging artificial intelligence (AI) to improve efficiency and accuracy in echocardiography labs. Addressing the Burden of Heart Disease: Heart failure is a global health crisis, affecting an estimated 64 million people worldwide. This condition is
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3 Pitfalls Hindering Your Success in Value-Based Care–and How To Avoid Them

by Dana McCalley, VP of Value-Based Care at Navina 06/04/2024 Leave a Comment

3 Pitfalls Hindering Your Success in Value-Based Care–and How To Avoid Them

Practicing healthcare is challenging, especially for those in patient-facing roles. Clinicians understandably prefer to focus more on delivering patient care and less on the administrative work that can come at the expense of face time with their patients. If you ask me, the root of the burnout in our healthcare system isn’t the large daily volume of patients—it’s the administrative tasks required for every patient. Even when organizations do a great job of streamlining internal workflows, each
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Waste Management Acquires Stericycle in $7.2B Deal

by Fred Pennic 06/03/2024 Leave a Comment

Waste Management Acquires Stericycle in $7.2B Deal

What You Should Know:  - Waste Management, Inc. (NYSE: WM) and Stericycle (NASDAQ: SRCL) announced today a definitive agreement for WM to acquire Stericycle for $62.00 per share in cash.  - This translates to a total enterprise value of approximately $7.2B, including Stericycle's net debt of $1.4B. The offer represents a 24% premium over Stericycle's 60-day volume-weighted average stock price before a potential sale was reported publicly. Stericycle: A Leading Player in
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