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Fred Pennic, Editor-in Chief | HIT Consultant

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

HCAP Partners Invests in Apprio, Boosting Healthcare Access and Efficiency with Automated Solutions

by Fred Pennic 01/17/2024 Leave a Comment

HCAP Partners Invests in Apprio, Boosting Healthcare Access and Efficiency with Automated Solutions

What You Should Know: - HCAP Partners, a California-based private equity firm and leading impact investor, today announced its investment in Apprio, a provider of specialized healthcare technology solutions and services focused on automation. - While terms of the investment remain undisclosed, the partnership highlights HCAP's commitment to fostering innovation in healthcare and supporting diverse-owned businesses. Addressing Critical Challenges in a Changing Healthcare
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Rad AI and Google Join Forces to Revolutionize Radiology Reporting with AI

by Fred Pennic 01/16/2024 Leave a Comment

Rad AI and Google Join Forces to Revolutionize Radiology Reporting with AI

What You Should Know: - Rad AI, an AI startup revolutionizing radiology reporting is teaming up with Google to tackle radiologists' workload and elevate patient care. - The strategic alliance leverages Google Cloud's AI prowess and Rad AI's deep radiology expertise to streamline workflows, reduce burnout, and ultimately, improve patient outcomes. Imaging Overload, AI to the Rescue Medical imaging forms the backbone of diagnosis, with billions of exams conducted globally each year.
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Lunit and Samsung Integrate to Power AI-Powered Chest Screenings

by Fred Pennic 01/16/2024 Leave a Comment

Lunit and Samsung Integrate to Power AI-Powered Chest Screenings

What You Should Know: - Lunit, an innovator in AI-powered cancer diagnostics, and Samsung Electronics (Samsung Healthcare) have announced a groundbreaking three-year supply contract. - The strategic partnership integrates Lunit's cutting-edge AI technology into Samsung's premium X-ray devices, promising faster, more accurate diagnoses and ultimately, improved patient outcomes. Boosting Accuracy and Speed The agreement centers around two AI-powered chest screening solutions: Lunit
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Innovaccer Acquires Cured to Elevate Patient Experience

by Fred Pennic 01/16/2024 Leave a Comment

Innovaccer Acquires Cured to Elevate Patient Experience

What You Should Know: - Innovaccer Inc., a leading healthcare technology company, announced the acquisition of Cured, a renowned digital marketing and CRM platform specifically designed for healthcare. - The strategic acquisition marks a significant leap forward in Innovaccer's mission to reshape patient care, adding over 20 health systems and digital health clients to its already impressive portfolio. Enhancing Patient Journeys with AI and Data The acquisition of Cured brings
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How Clinicians Navigate Drug-Drug Interactions to Protect Patients

by Fred Pennic 01/16/2024 Leave a Comment

How Clinicians Navigate Drug-Drug Interactions to Protect Patients

What You Should Know: - Drug-drug interactions, a silent threat lurking in medication charts, can cause significant harm and even death. Yet, despite their prevalence, little is known about how doctors identify and manage these risks in real-time. - A recent groundbreaking study sheds light on this crucial yet under-examined process, offering valuable insights to improve patient safety. Unveiling the Decision-Making Maze Led by Dr. Michael Weiner and Dr. Alissa Russ-Jara, the
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McKinsey: Healthcare Profit Pools to Reach $819B by 2027

by Fred Pennic 01/15/2024 Leave a Comment

What You Should Know: - The US healthcare industry, after weathering a storm of inflation, labor shortages, and lingering COVID-19 impacts in 2023, is now showing signs of a promising rebound, according to a new report by McKinsey & Company. - The McKinsey report predicts accelerated transformation efforts and strategic shifts will unlock new growth opportunities in key segments, while others face continued challenges. Let's delve into the projected trajectory of different healthcare
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13 Potential Blockbuster Drugs and Gamechangers to Watch in 2024

by Fred Pennic 01/12/2024 Leave a Comment

13 Potential Blockbuster Drugs and Gamechangers to Watch in 2024

What You Should Know: - Clarivate Plc, a provider of trusted information and insights, today unveiled its highly anticipated 2024 Drugs to Watch report, shining a spotlight on 13 cutting-edge therapeutics poised to revolutionize healthcare in the coming year. - These promising drugs span a diverse range of conditions, from debilitating diseases like sickle cell anemia and multiple myeloma to common ailments like chronic obstructive pulmonary disease (COPD) and age-related macular
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Harris Buys Medstreaming: Streamlining Workflow for Vascular and Cardiac Care

by Fred Pennic 01/12/2024 Leave a Comment

Harris Acquires Medstreaming: Streamlining Workflow for Vascular and Cardiac Care

What You Should Know: - Harris, a global leader in vertical market software, has acquired the Medstreaming software suite from Fivos. Financial details of the acquisition were not disclosed. - The acquisition of Medstreaming by Harris signifies a positive step towards streamlined, efficient, and ultimately, improved cardiovascular and vascular care. By giving healthcare providers the tools they need to focus on what matters most – their patients – this innovative software promises a
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Blockchain Technology in Healthcare Market to Reach $750B by 2033

by Fred Pennic 01/12/2024 Leave a Comment

Blockchain Technology in Healthcare Market to Reach $750B by 2033

What You Should Know: - The healthcare industry is poised for a seismic shift, powered by a disruptive technology: blockchain, according to the market.us, the Blockchain Technology in Healthcare Market report. - This transformative ledger system is projected to propel the global Blockchain Technology in Healthcare Market to a staggering $750B by 2033, a 69.2% annual growth rate compared to its $3.9B valuation in 2023. Unleashing the Power of Healthcare Blockchain Imagine a healthcare
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Artisight’s AI-Powered Smart Hospital Platform Soars with $42M

by Fred Pennic 01/11/2024 Leave a Comment

Artisight's AI-Powered Smart Hospital Platform Soars with $42M

What You Should Know: - Artisight, Inc., a pioneer in AI-Driven smart hospital technology, announced today that it has raised $42M in an oversubscribed Series B funding round. - The Series B funding will allow Artisight to double its headcount, fuel the development of new AI capabilities, and solidify its position as the leading smart hospital platform. Smart Hospital Platform: Revolutionizing Care Through AI and Collaboration Developed by clinicians for clinicians, Artisight's
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