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Fred Pennic, Editor-in Chief | HIT Consultant

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

Health2047-Backed HEAL Security Emerges from Stealth with $4.6M

by Fred Pennic 01/25/2024 Leave a Comment

Health2047-Backed HEAL Security Emerges from Stealth with $4.6M

What You Should Know: - Health2047, the American Medical Association's venture studio dedicated to healthcare innovation, announced its investment in and launch from stealth of HEAL Security, a cognitive cybersecurity platform built specifically for the healthcare industry. - Health2047's investment in HEAL Security underscores the urgent need for robust and specialized cybersecurity solutions within the healthcare industry. Their platform equips health systems with the necessary tools to
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XO Health Taps Innovaccer to Improve Member Experience

by Fred Pennic 01/25/2024 Leave a Comment

XO Health Taps Innovaccer to Improve Member Experience

What You Should Know: -  XO Health, the innovative health plan designed for self-insured employers, and Innovaccer Inc, the leading healthcare data platform provider, have announced a strategic partnership. - The strategic collaboration brings together XO Health's unique model and commitment to a seamless health experience with Innovaccer's data expertise and robust platform, promising to revolutionize self-insured healthcare for employers and their employees. Breaking Free from
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Emory Healthcare Appoints Dr. Nitu Kashyap as Chief Health Informatics Officer

by Executive Digital Health Hires 01/25/2024 Leave a Comment

Emory Healthcare Appoints Dr. Nitu Kashyap as Chief Health Informatics Officer

What You Should Know: Emory Healthcare has announced the appointment of Dr. Nitu Kashyap, MD, FAMIA, as its Chief Health Informatics Officer (CHIO), effective from February 5, 2024. In her new role, Dr. Kashyap will be responsible for overseeing technology projects spanning clinical disciplines to ensure alignment with Emory's strategic goals in patient experience, care, teaching, and research. Dr. Kashyap will collaborate closely with Emory University's information technology clinical and
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Upfront Hires Tech Strategist Ryan Royal as CTO

by Executive Digital Health Hires 01/24/2024 Leave a Comment

Upfront Hires Tech Strategist Ryan Royal as CTO

What You Should Know: Health tech leader Upfront, recognized for its industry-leading patient engagement platform, has announced the appointment of Ryan Royal as its new Chief Technology Officer (CTO). - Joining Upfront's executive leadership team, Royal will be responsible for overseeing the company's product roadmap, scaling global engineering teams, and driving new innovation strategies. His expertise is crucial as Upfront invests in next-generation reporting and analytics, as well as
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Foyer Global Health Embraces GenAI with Galytix to Transform Claims Processing

by Fred Pennic 01/24/2024 Leave a Comment

Foyer Global Health Embraces GenAI with Galytix to Transform Claims Processing

- Foyer Global Health, the international health insurer for expatriates and companies, announced today a strategic collaboration with Galytix, the GenAI platform for the financial sector, to implement HealthX, the innovative digital health platform designed specifically for insurers. - This collaboration paves the way for further advancements in healthcare data management within the IPMI sector, setting a new standard for efficiency, accuracy, and risk management. Revolutionizing
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2023 Health IT Recap: M&A Shifts, VC Squeezes, and Market Trends

by Fred Pennic 01/24/2024 Leave a Comment

2023 Health IT Recap: M&A Shifts, VC Squeezes, and Market Trends

What You Should Know: - After a decade of unchecked expansion, the health IT market faced a reality check in 2023, according to a new report from Healthcare Growth Partners. - The report, January 2024 Health IT Market Review reveals runaway inflation, rising interest rates, and a tech valuation reset tempered investor enthusiasm and led to a correction in valuations across both M&A and investment activity. However, despite the challenges, there were signs of a rebound in late 2023,
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Optum Perks Launches $25 Telehealth Solution, Making Affordable Healthcare More Accessible

by Fred Pennic 01/24/2024 Leave a Comment

Optum Perks Launches $25 Telehealth Solution, Making Affordable Healthcare More Accessible

What You Should Know: - Optum Perks, the leading prescription discount provider launches its new telehealth solution, offering affordable on-demand care and prescription treatments for a wide range of conditions, starting at just $25. - The new telehealth offering expands its commitment to affordability and accessibility, ensuring everyone has a chance at quality care, regardless of insurance status. No video calls, no appointments, just fast, affordable relief Optum Perks' online
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Patient Collections Top Revenue Cycle Worries for Healthcare Providers, Salucro Report Reveals

by Fred Pennic 01/24/2024 Leave a Comment

Patient Collections Top Revenue Cycle Worries for Healthcare Providers, Salucro Report Reveals

What You Should Know: - Salucro Healthcare Solutions, a leading healthcare payment technology company, has released its inaugural Healthcare Provider Fintech Insights Report. - The insights report sheds light on the priorities and challenges faced by revenue cycle and finance professionals in the healthcare industry, offering valuable insights into where they are investing in 2024 and beyond. A Pressing Concern: Patient Collections The report paints a clear picture of the current
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Turquoise Health Secures $30M to Expand Healthcare Pricing Transparency Platform

by Fred Pennic 01/23/2024 Leave a Comment

Turquoise Health Raises $20M for Healthcare Pricing Platform, Launches Direct Contracting Platform

What You Should Know: - Turquoise Health, a platform empowering healthcare transparency through data and analytics, today announced a $30M Series B investment led by Adams Street Partners, with participation from Yosemite and existing investors Andreessen Horowitz and BoxGroup. - The new funding will enable the company to onboard new customers and expand its healthcare pricing transparency platform, Tackling the Transparency Challenge Healthcare pricing remains a labyrinth, often
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Innovaccer and Wolters Kluwer Join Forces to Tame Unstructured Data

by Fred Pennic 01/23/2024 Leave a Comment

Innovaccer and Wolters Kluwer Join Forces to Tame Unstructured Data

What You Should Know: - The healthcare industry sits on a goldmine of data, yet 97% of it remains unused, according to the World Economic Forum. To unlock the immense potential of this information, digital healthcare leader Innovaccer has joined forces with Wolters Kluwer, a global provider of professional information and software solutions. - The strategic partnership aims to transform raw data into actionable insights, ultimately improving patient care and driving healthcare
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