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Fred Pennic, Editor-in Chief | HIT Consultant

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

Goodbye WebMD: Will AI Now Replace Internet Research for Self-Diagnosis?

by Fred Pennic 12/22/2023 Leave a Comment

Goodbye WebMD: Will AI Now Replace Internet Research for Self-Diagnosis?

What You Should Know - As Americans set their sights on a healthier 2024, a new survey by DrFirst's iPrescribe app reveals some interesting trends in health priorities and concerns. - While traditional resolutions like exercising more and losing weight remain top of mind, the survey unveils a wave of optimism surrounding new treatment options, particularly for weight management. Exercise, Sleep, and Weight Loss Reign Supreme Exercising more and losing weight claim the top spots on
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Guidehealth Acquires MSO & VBC Services Division from Arcadia

by Fred Pennic 12/21/2023 Leave a Comment

Guidehealth Acquires MSO & VBC Services Division from Arcadia

What You Should Know: - Guidehealth, an AI-powered healthcare platform announced the acquisition of an industry-acclaimed managed services organization (MSO) and Value-Based Care Services division from Arcadia, a healthcare technology leader known for its powerful data platform. - Additionally, Guidehealth secured a technology agreement to leverage Arcadia's advanced analytics platform, further fueling its newly acquired offering. Acquisition Impact This acquisition and partnership
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M&A: mPulse Acquires HealthTrio and Decision Point

by Fred Pennic 12/20/2023 Leave a Comment

M&A: mPulse Acquires HealthTrio and Decision Point

What You Should Know: - mPulse, a leader in conversational AI and digital health engagement, has taken a major leap forward by acquiring both HealthTrio and Decision Point Healthcare Solutions. This strategic move positions mPulse as a full-service platform for member engagement, analytics, and activation, solidifying its leadership in healthcare consumerism. Strengthening Engagement and Outcomes: The combined capabilities of mPulse, HealthTrio, and Decision Point create a powerful
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Molina Healthcare Acquires Bright HealthCare’s California Medicare Business for $425M

by Fred Pennic 12/20/2023 Leave a Comment

Molina Healthcare Acquires Bright HealthCare's California Medicare Business for $425M

What You Should Know: Molina Healthcare (NYSE: MOH) has revised its agreement to acquire Bright HealthCare's California Medicare business, securing a discount of $85M on the initial purchase price. This revised deal, announced on December 13, 2023, reflects a continued commitment to the acquisition while offering Molina potential cost savings and increased value. The acquisition expands Molina's reach in the lucrative California Medicare market, adding roughly 250,000 members to their
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Jefferson and Lehigh Valley Health Network Announce Merger

by Fred Pennic 12/20/2023 Leave a Comment

Jefferson and Lehigh Valley Health Network Announce Merger

What You Should Know: - Jefferson Health and Lehigh Valley Health Network (LVHN) have signed a non-binding letter of intent to merge into a leading integrated care delivery system. - The combined entity, dubbed the "Jefferson Enterprise," will boast a national research university, an expanded not-for-profit health plan, and a network of over 700 outpatient sites across eastern Pennsylvania and southern New Jersey. Increases access to healthcare for urban and rural communities in eastern
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Butterfly, Mendaera Partner to Transform Interventional Care with AI-Powered Robots

by Fred Pennic 12/19/2023 Leave a Comment

Butterfly Introduces Two Ultrasound Education Offerings

What You Should Know: - Butterfly Network (BFLY), a provider of portable ultrasound technology, and Mendaera, a Silicon Valley robotics innovator, are teaming up to bring an AI-powered robotic system to market. - Powered by Butterfly™ solution, the collaboration promises to transform interventional procedures by combining Butterfly's cutting-edge Ultrasound-on-Chip™ technology with Mendaera's precision robotics. Elevating Interventional Medicine The collaboration aims to address
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CoachCare Acquires Verustat to Expand Remote Patient Monitoring Reach

by Fred Pennic 12/19/2023 Leave a Comment

CoachCare Acquires Verustat to Expand Remote Patient Monitoring Reach

What You Should Know: - CoachCare, a leading remote patient monitoring (RPM) and virtual health company, has made its fourth acquisition in 12 months, snapping up Nashville-based Verustat for an undisclosed amount. - This strategic move further strengthens CoachCare's position in the rapidly growing RPM market, projected to reach $175.2 billion by 2027. Strengthening Focus on Chronic Conditions Founded in 2020, Verustat brings valuable expertise in primary care and cardiology, areas
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UNP Scores $32M for AI-Powered Macrocycle Therapeutics

by Fred Pennic 12/19/2023 Leave a Comment

UNP Scores $32M for AI-Powered Macrocycle Therapeutics

What You Should Know: - Unnatural Products, Inc. (UNP), a biotech company harnessing the power of AI and chemistry to design the next generation of targeted therapeutics, has secured $32M in Series A funding. - Led by Merck Global Health Innovation Fund (MGHIF) and TechBio-focused ARTIS Ventures,  the funding will help propel UNP's innovative platform and expand its reach beyond oncology, tackling a wider range of medical challenges. Macrocycles: Nature's Key to Untapped Drug
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KAID Health Secures $9M to Drive AI-Driven Healthcare Efficiency

by Fred Pennic 12/19/2023 Leave a Comment

What You Should Know: - KAID Health, the AI-powered healthcare solutions pioneer, has secured a significant $9 million in funding led by Activate Venture Partners, Martinson Ventures, Boston Millennia Partners, and Brandon Hull, alongside KAID Health's Board of Directors. - With this new funding, KAID Health plans to expand its reach to more providers and their payer partners and develop new service offerings. Unlocking the Power of Whole Chart Analysis KAID Health's flagship platform, Whole Chart Analysis, leverages cutting-edge natural language processing (NLP) to unlock the true potential of electronic medical records (EMRs). Unlike traditional NLP solutions that focus on specific data points, KAID Health goes beyond, analyzing every available piece of information within a patient's chart, including notes, conditions, medications, and lab results. This comprehensive approach enables: • Improved coding accuracy and capture: KAID Health demonstrably boosts coding accuracy, ensuring providers receive proper financial compensation while improving data-driven decision-making. • Streamlined quality reporting: Effortlessly fulfilling complex quality reporting requirements, freeing up valuable time for clinicians. • Enhanced care management: KAID Health identifies key patient needs, facilitating proactive care interventions and optimizing clinical outcomes. Real-World Impact, Proven Results KAID Health's impact extends beyond theoretical promises. To date, the platform has already: • Revolutionized Medicare Advantage coding for large provider groups nationwide. • Simplified chart review for prior authorization and clinical trial enrollment. • Outperformed physicians in identifying surgical risks at a major medical center. "KAID Health continues to deploy technology that makes clinicians more efficient, translates that efficiency into more cost-effective care, and grows revenues," explained Kevin Agatstein, CEO of KAID Health. "By combining best-in-class, scalable, flexible, secure technology with deep clinical workflow and market expertise, we can partner with each customer to meet their informatics needs while alleviating chronic staff shortages."

What You Should Know: - KAID Health, the AI-powered healthcare solutions pioneer, has secured a significant $9 million in funding led by Activate Venture Partners, Martinson Ventures, Boston Millennia Partners, and Brandon Hull, alongside KAID Health's Board of Directors. - With this new funding, KAID Health plans to expand its reach to more providers and their payer partners and develop new service offerings. Unlocking the Power of Whole Chart Analysis KAID Health's flagship
Read More

PCA Rx & Cost Plus Drugs Partner to Transform Drug Pricing Transparency

by Fred Pennic 12/18/2023 Leave a Comment

PCA Rx & Cost Plus Drugs Partner to Transform Drug Pricing Transparency

What You Should Know: - PCA Rx and Cost Plus Drugs, are joining forces to tackle the longstanding issue of opaque and inflated drug pricing in the US healthcare system. - This landmark collaboration paves the way for greater transparency, accessibility, and affordability for employers and individuals nationwide. Prioritizing Drug Pricing Transparency By prioritizing transparency, this partnership empowers employers and members to make informed choices and fosters a more engaged
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