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Fred Pennic, Editor-in Chief | HIT Consultant

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

Huma Secures $80M, Launches ‘Shopify Style’ GenAI Platform

by Fred Pennic 07/16/2024 Leave a Comment

Huma Secures $80M, Launches ‘Shopify Style’ GenAI Platform

What You Should Know:  - Huma Therapeutics Limited, a leading global healthcare AI company, today announced the closing of its Series D funding round, securing over $80M to fuel the launch of its revolutionary Huma Cloud Platform.  - The  Huma Cloud Platform is a first-of-its-kind GenAI-powered ‘Shopify-like’ experience for the digital health ecosystem to design, build and launch innovations quickly. The platform is built on a robust global regulatory foundation and aims to
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Teladoc Health Launches Comprehensive Virtual Mental Healthcare for Children and Families

by Fred Pennic 07/16/2024 Leave a Comment

Teladoc Health Launches Comprehensive Virtual Mental Healthcare for Children and Families

What You Should Know:  - Teladoc Health (NYSE: TDOC), the global leader in virtual care, today announced a significant expansion of its services with the launch of comprehensive mental healthcare for children, adolescents, and their families.  - The new behavioral health offering, developed in partnership with Brightline, addresses the growing need for accessible and effective mental health support for young people. Breaking Down Barriers to Youth Mental Health Many
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Rise of Cardiology Deserts: Nearly Half of U.S. Counties Lack Cardiologists

by Fred Pennic 07/16/2024 Leave a Comment

Rise of Cardiology Deserts: Nearly Half of U.S. Counties Lack Cardiologists

What You Should Know:  - Heart disease remains a leading cause of death in the United States, claiming over 700,000 lives in 2022 alone. While cardiologists play a crucial role in diagnosing and treating cardiovascular conditions, a new study reveals a shocking disparity in access to these specialists across the country. - A collaborative study between GoodRx Research and Harvard Medical School researchers reveals that a staggering 46% of U.S. counties, home to 22 million residents,
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90% of Healthcare Insurers Struggle to Get Insights from Data – Is AI the Answer?

by Fred Pennic 07/16/2024 Leave a Comment

90% of Healthcare Insurers Struggle to Get Insights from Data - Is AI the Answer?

What You Should Know - A new study by ActiveOps, a leader in AI-powered decision intelligence, paints a concerning picture of the US healthcare insurance industry drowning in data yet thirsty for insights. The crux of the problem? Critical decision-making is hampered by a severe lack of data accessibility, context, and trust. - The ActiveOps study was commissioned Censuswide to survey Chief Operating Officers, Chief Financial Officers, and Senior Heads of Operations within the US
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Aligning Primary Care with Behavioral Health is Critical to Patient Outcomes

by Lynn Carroll, COO of HSBlox 07/16/2024 Leave a Comment

Aligning Primary Care with Behavioral Health is Critical to Patient Outcomes

There is increasing recognition across the healthcare continuum of the link between patient behavioral health and clinical outcomes. Unfortunately, alignment between primary care physicians and services for mental health issues, substance use, and other social determinants of health (SDoH) too often range from poor to nonexistent.  “Behavioral health factors have an outsized influence on morbidity and mortality, and are the source of a large portion of family physicians' frustrations
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Med-Metrix Acquires HRSI to Strengthen Eligibility Management Capabilities

by Fred Pennic 07/16/2024 Leave a Comment

Med-Metrix Acquires HRSI to Strengthen Eligibility Management Capabilities

What You Should Know:  - Med-Metrix, LLC (“Med-Metrix”), a leading provider of technology-enabled Revenue Cycle Management (RCM) solutions acquires Healthcare Receivable Specialists, Inc. (“HRSI”). HRSI is a specialized RCM and patient access company with a strong reputation for its best-in-class Medicaid eligibility services. - The strategic acquisition strengthens Med-Metrix’s position as a comprehensive RCM provider by adding HRSI’s expertise in eligibility management. Financial
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The Consumer Voice in Weight Care: Rock Health Survey Series Reveals Preferences and Challenges

by Fred Pennic 07/15/2024 Leave a Comment

The Consumer Voice in Weight Care: New Survey Series Reveals Preferences and Challenges

What You Should Know:  - The obesity epidemic continues to be a major public health concern, with projections suggesting half of all Americans will struggle with weight issues by 2025. While discussions about weight management solutions often focus on healthcare providers and pharmaceutical companies, a new survey series sheds light on the experiences and preferences of consumers directly engaged in weight care. - The 2024 Rock Health Weight Care Experience Survey Series aimed to
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Guidehealth, Story Health Partner to Deliver Value-Based Cardiology Care

by Fred Pennic 07/15/2024 Leave a Comment

Guidehealth, Story Health Partner to Deliver Value-Based Cardiology Care

What You Should Know:  - Guidehealth, an AI-powered healthcare services company, and Story Health, a digital health leader in specialty care delivery, have joined forces to offer a comprehensive cardiology care program for health systems and clinically integrated networks (CINs).  - By leveraging their combined expertise, Guidehealth and Story Health aim to revolutionize cardiology care, leading to better outcomes for patients and a more cost-effective healthcare system. Focus
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Edward Lifesciences Acquires ARC Spinout Innovalve Bio Medical

by Fred Pennic 07/15/2024 Leave a Comment

Edward Lifesciences Acquires ARC Spinout Innovalve Bio Medical

What You Should Know:  - Sheba Medical Center, Israel's leading medical institution, is celebrating a major success story with the acquisition of Innovalve Bio Medical by Edwards Lifesciences.  - This acquisition marks another successful exit for a company cultivated within ARC Innovation, Sheba's dedicated program for fostering healthcare innovation. Financial details of the acquisition were not disclosed.  Innovalve's Pioneering Mitral Valve Technology Founded in
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New AMGA Survey Reveals Physician Compensation Up in 2023, But Primary Care Lags Behind

by Fred Pennic 07/15/2024 Leave a Comment

New AMGA Survey Reveals Compensation Increases Across All Specialty Groupings, Physician Compensation Up in 2023, But Primary Care Lags Behind

What You Should Know:  - A new report by AMGA Consulting reveals significant growth in physician compensation and productivity across most specialties in 2023. The findings are based on data from nearly 190,000 providers in 459 medical groups, making it a comprehensive analysis of physician pay trends in the US. - The AMGA survey underscores the need for addressing factors impacting physician compensation, particularly in primary care. Sustainable solutions might involve adjustments
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