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Fred Pennic, Editor-in Chief | HIT Consultant

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

R1 RCM Forms Special Committee to Evaluate $5.8B PE Firm Buy-Out Offer

by Fred Pennic 03/12/2024 Leave a Comment

R1 RCM, Intermountain Opens Technology and Innovation Center

What You Should Know: - R1 RCM Inc. (NASDAQ: RCM), a provider of healthcare revenue cycle management solutions, announced the formation of a special committee comprised solely of independent directors. - The new committee will evaluate strategic options for the company in response to a recent $5.8B buy-out offer from private equity firm New Mountain Capital. Responding to New Mountain Capital On February 26, 2024, New Mountain Capital filed a Schedule 13D/A with the Securities and
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Piedmont Appoints Mary Kane as First Chief Nursing Informatics Officer

by Executive Hospital/Health System Appointments 03/12/2024 Leave a Comment

Piedmont Appoints Mary Kane as First Chief Nursing Informatics Officer

What You Should Know: - Piedmont Healthcare, a leading health system announced the creation of a new executive position: Chief Nursing Informatics Officer (CNIO). Mary Kane, MS, RN, NI-BC, has been named the inaugural Chief Nursing Informatics Officer (CNIO). - In her role as CNIO, Kane will be responsible for optimizing technology and its impact on nurses, clinicians, and ultimately, patient care. Kane started as CNIO at Piedmont in December. Bio/Background Ms. Kane brings over 20
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hellocare Brings Alexa to Hospitals: Voice-Controlled Care for a More Comfortable Recovery

by HIMSS24: Strategic Integration Partnerships 03/11/2024 Leave a Comment

hellocare Brings Alexa to Hospitals: Voice-Controlled Care for a More Comfortable Recovery

What You Should Know: - Virtual healthcare platform hellocare announced a groundbreaking integration with Alexa for Healthcare at the HIMSS 2024 conference. - The integration partnership allows hospitals and clinics using hellocare's platform to offer patients voice-controlled access to a variety of features through Alexa-enabled Hello 2 devices. Enhanced Patient Experience: Patients can now leverage Alexa to:Place calls directly to doctors and nurses.Request healthcare services
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ECRI Unveils the Top 10 Patient Safety Concerns 2024

by Fred Pennic 03/11/2024 Leave a Comment

ECRI Unveils the Top 10 Patient Safety Concerns 2024

What You Should Know: - The ECRI Institute, a leader in patient safety research, has released its annual report highlighting the top ten patient safety concerns for 2024. - This year's Patient Safety Concerns report sheds light on a critical issue: the challenges faced by newly trained clinicians transitioning from academic settings to professional practice. The COVID-19 Impact: The COVID-19 pandemic significantly disrupted traditional clinical training, limiting opportunities for
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Linus Health Acquires Clinical-Grade Speech Platform Aural Analytics

by HIMSS24 Health M&A 03/11/2024 Leave a Comment

Linus Health Acquires Clinical-Grade Speech Platform Aural Analytics

What You Should Know: - Linus Health, a leader in early detection of Alzheimer's and dementia, has acquired Aural Analytics, a company specializing in clinical-grade speech analysis technology. Aural Analytics’ speech analytics platform provides objective, repeatable metrics—unlocking a new paradigm of patient care. - The strategic move strengthens Linus Health's position in the fight against cognitive decline by adding a powerful new tool to its assessment platform. Enhanced Detection
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Israeli Hospital Develops Generative AI Platform to Improve Mental Healthcare Access

by HIMSS24 Product Launches 03/11/2024 Leave a Comment

Israeli Hospital Develops Generative AI Platform to Improve Mental Healthcare Access

What You Should Know: - Sheba Medical Center, a leading Israeli hospital, is collaborating with ARC Innovation Center and KPMG to develop a generative AI platform named "Liv" aimed at transforming mental healthcare accessibility. Mental Health Crisis The project is driven by the urgent need to address the global mental health crisis, significantly worsened by COVID-19 and other recent events. The lack of qualified mental health professionals creates a bottleneck in the system, leaving
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New Consortium Aims to Ensure Responsible Use of AI in Healthcare

by Fred Pennic 03/11/2024 Leave a Comment

New Consortium Aims to Ensure Responsible Use of AI in Healthcare

What You Should Know: - A new initiative, the Trustworthy & Responsible AI Network (TRAIN), was announced today at the HIMSS 2024 Global Health Conference. - The TRAIN consortium brings together leading healthcare organizations and technology partners with the ambitious goal of ensuring responsible and trustworthy applications of Artificial Intelligence (AI) in healthcare. TRAIN's Initiatives to Foster Trustworthy AI Through collaboration, TRAIN members will help improve the
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Foundation Health Secures $6M to Power API-based Pharmacy and Telehealth Products

by Fred Pennic 03/11/2024 Leave a Comment

Foundation Health Secures $6M to Power API-based Pharmacy and Telehealth Products

What You Should Know: - Foundation Health, a healthcare technology company empowering clients in building and launching modern, digital-first pharmacy and telehealth solutions at scale secures $6M in seed funding. - The seed round included participation from Garry Tan (CEO, Y Combinator), Transpose Platform, Tuesday VC, and prominent venture capital firms like Alt Capital, Box Group, and Liquid Ventures. Additionally, angel investors Paul Johnson (Lemonaid) and Meghan Fitzgerald (Grey
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Velatura, DocuSign Partner on Patient Consent Pilot Project

by Fred Pennic 03/11/2024 Leave a Comment

Velatura, DocuSign Partner on Patient Consent Pilot Project

What You Should Know: - Velatura, a health information exchange (HIE), and DocuSign, the e-signature giant, have joined forces to launch a pilot project aimed at simplifying the way patients consent to share their medical information. The pilot project will begin rolling out to select Velatura network providers this spring, focusing initially on specific Michigan State behavioral health consent forms and general patient consent forms. Streamlined Patient Consent Forms Secure and
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Israeli Life Science Industry Shows Resilience Despite Funding Slowdown

by Fred Pennic 03/11/2024 Leave a Comment

Israeli Life Science Industry Shows Resilience Despite Funding Slowdown

What You Should Know: - The Israel Advanced Technologies Institute (IATI), in partnership with PwC and the Israel Innovation Authority, unveiled its annual Life Science Industry report at the MIXiii Health-Tech.IL conference. - The report underlines the Israeli life sciences sector's resilience, unity, and determination to keep operating, innovating, and delivering crucial solutions. While acknowledging the current challenges, the research underscores the importance of continued support
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