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Fred Pennic, Editor-in Chief | HIT Consultant

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

OverT Bio Secures $16M to Optimize Cell Therapy for Solid Tumors

by Fred Pennic 05/06/2024 Leave a Comment

OverT Bio Secures $16M to Optimize Cell Therapy for Solid Tumors

What You Should Know:  - OverT Bio, a data-driven biotech company focused on unlocking the curative potential of cell therapies for solid tumors raises $16M in seed funding round. Co-led by ARTIS Ventures and Wing VC, the round saw participation from a distinguished group of investors including Fusion Fund, OMX Ventures, Alexandria Venture Investments, Gaingels, Civilization Ventures, Hawktail, and the Cancer Research Institute. - The investment will fuel the company's mission to
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Exploring The Impact of AR in Surgical Training and Simulation

by Fred Pennic 05/06/2024 Leave a Comment

Exploring the Impact of AR in Surgical Training and Simulation

Human surgery training has used the classical approach of dissections of bodies and presence in live surgery for a long time. These means offer truly priceless opportunities to learn but multiple problems lie in accessibility, interactivity, and safety. AR has started a new era in surgical training through its affordability, interactivity, and safety. However, there still exists a need for proof regarding its effectiveness and  the possibility of any negative effects. In this article, we
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NVIDIA Makes Drug Discovery, Medical Imaging, and Genomics Easier with Cloud-Based AI

by Fred Pennic 05/03/2024 Leave a Comment

NVIDIA Makes Drug Discovery, Medical Imaging, and Genomics Easier with Cloud-Based AI

What You Should Know: - Harnessing the power of AI for healthcare just got simpler. NVIDIA announced the integration of NVIDIA NIM, a collection of cloud-native AI microservices, with Amazon Web Services (AWS).  - The strategic collaboration empowers developers to leverage pre-trained AI models for drug discovery, medical imaging analysis, and genomics research – all accessible through user-friendly APIs. Streamlined Access to Powerful AI Tools NIM integrates seamlessly with
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Large Language Models Show Promise for Streamlining Physician Workflows, But Safety Concerns Remain

by Fred Pennic 05/03/2024 Leave a Comment

Large Language Models Show Promise for Streamlining Physician Workflows, But Safety Concerns Remain

What You Should Know: - A new study by researchers at Mass General Brigham suggests large language models (LLMs),  a type of artificial intelligence (AI), could be a helpful tool for doctors to streamline communication with patients. However, the study also highlights the importance of human oversight to ensure patient safety. -  The findings, published in The Lancet Digital Health, emphasize the need for a measured approach to LLM implementation. The Burden of Physician
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Firstsource Acquires Quintessence to Bolster AI-Powered Revenue Cycle Management Solutions

by Fred Pennic 05/03/2024 Leave a Comment

Firstsource Acquires Quintessence to Bolster AI-Powered Revenue Cycle Management Solutions

What You Should Know:   - Firstsource Solutions Limited (FSL), a leading global provider of Business Process Management (BPM) services, announced the acquisition of Quintessence Business Solutions & Services Private Limited (QBSS).  - The strategic acquisition strengthens Firstsource's position in the healthcare revenue cycle management (RCM) market, particularly in the United States. Financial details of the acquisition were not disclosed.  Enhanced RCM
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Transcarent Secures $126M to Expand Employer-Sponsored Healthcare

by Fred Pennic 05/02/2024 Leave a Comment

Transcarent Secures $126M to Revolutionize Employer-Sponsored Healthcare

What You Should Know: - Transcarent, a platform simplifying health and care for employers and individuals, secures $126 million in a Series D funding round led by General Catalyst and 7wireVentures.  - The latest funding brings Transcarent's total funding to approximately $450M at a valuation of $2.2B. A One-Stop Solution for Employer-Sponsored Healthcare Transcarent's industry-leading platform streamlines healthcare access for both employers and employees. It is the only
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Karius Secures $100M to Expand Non-Invasive Pathogen Blood Test

by Fred Pennic 05/02/2024 Leave a Comment

Karius Secures $100M to Expand Non-Invasive Pathogen Blood Test

What You Should Know: -  Karius®, a leader in genomic diagnostics for infectious disease, announced today the closing of a $100 million Series C funding round.  - Co-led by Khosla Ventures and newcomers 5AM Ventures and Gilde Healthcare, the funding round also saw participation from existing investors like Softbank Vision Fund 2 and General Catalyst.   - This significant investment fuels Karius' mission to revolutionize infectious disease diagnosis by expanding
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Livara Health Secures $15M to Expand Value-Based Musculoskeletal Care Solutions

by Fred Pennic 05/02/2024 Leave a Comment

Livara Health Secures $15M to Expand Value-Based Musculoskeletal Care Solutions

What You Should Know:  - Livara Health, a leading provider of value-based musculoskeletal (MSK) management solutions, raises $15M in Series B funding led by A1 Health Ventures.  - Existing investors Polaris Partners, Providence Ventures, Martin Ventures, and a new strategic investor also participated in the round. Livara Health: A Leader in Value-Based MSK Care Livara Health (formerly SpineZone) offers a comprehensive value-based MSK management solution. Through a
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How Digital Health and Cryptocurrency are Transforming Modern Therapies

by Fred Pennic 05/02/2024 Leave a Comment

How Digital Health and Cryptocurrency are Transforming Modern Therapies

The collaboration between digital health and online gaming is unexpectedly proving to be impactful. Digital health platforms, enhancing accessibility and customization of healthcare treatments, are at the forefront of this change. Meanwhile, gaming platforms that support bitcoin esports betting offer users the chance to engage in casino-style games and earn cryptocurrency, reshaping our perception of gaming's role in health and well-being. Therapeutic Value of Game-Based
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3 Critical Vulnerabilities Found in Merge DICOM Toolkit

by Fred Pennic 05/02/2024 Leave a Comment

3 Critical Vulnerabilities Found in Merge DICOM Toolkit

What You Should Know: - Security researchers at Nozomi Networks Labs identified three vulnerabilities in the Merge DICOM Toolkit C/C++ SDK (versions prior to v5.18).  - These vulnerabilities could be exploited by attackers to crash medical imaging systems through seemingly harmless actions like opening a DICOM file or processing network data. The Importance of the Merge DICOM Toolkit In the world of medical imaging, the Merge DICOM Toolkit plays a vital role. This software library
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