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Fred Pennic, Editor-in Chief | HIT Consultant

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

Rad AI Scores $50M to Empower Radiologists with Generative AI

by Fred Pennic 05/07/2024 Leave a Comment

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

What You Should Know:  - Rad AI, a leader in generative AI for healthcare, announced today it has raised $50M in Series B financing, bridging its total capital raised to over $80M.  - The round was led by Khosla Ventures, with participation from prominent investors including WiL (World Innovation Lab), ARTIS Ventures, OCV Partners, Kickstart Fund, and Gradient Ventures (Google's AI-focused fund). Revolutionizing Radiology Reporting Rad AI's solutions are already making
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OptMyCare Secures $3M for AI-Driven Healthcare Risk Management

by Fred Pennic 05/07/2024 Leave a Comment

OptMyCare Secures $3M for AI-Driven Healthcare Risk Management

What You Should Know:  - OptMyCare™, a provider of clinically engineered AI solutions for healthcare risk management, announced it has secured $3M in Series A funding.  - The investment, led by Austin-based venture capital firm LiveOak Ventures, brings OptMyCare's total funding to $4.5M. AI-powered Risk Stratification for Improved Outcomes OptMyCare™ offers a unique cloud-based SaaS platform that leverages the power of AI: Precision Analytics and Actionable Insights: The
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BrightInsight, Google Cloud to Enhance Patient Experience with Generative AI

by Fred Pennic 05/07/2024 Leave a Comment

BrightInsight, Google Cloud to Enhance Patient Experience with Generative AI

What You Should Know:  - BrightInsight, Inc., a provider of compliant digital health solutions, today announced its collaboration with Google Cloud to leverage cutting-edge generative AI (gen AI) technology.  - The enhanced partnership aims to optimize BrightInsight's research and development efforts and significantly enhance its Disease Management Solution for both patients and healthcare providers. Addressing Challenges in the Patient Journey Across various therapeutic
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47% of Data is Underutilized in Healthcare Decision-Making, Arcadia Study Reveals

by Fred Pennic 05/07/2024 Leave a Comment

47% of Data is Underutilized in Healthcare Decision-Making, Arcadia Study Reveals

What You Should Know:  - A new study by Arcadia, a healthcare data platform, reveals a paradox within the industry: while 80% of healthcare leaders believe most of their data is accurate, a staggering 47% remains underutilized for critical clinical and business decisions.  - The report findings uncover a significant challenge – the immense potential of healthcare data remains largely untapped despite the rise of artificial intelligence (AI). Healthcare Data: A Treasure Trove
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ARC Innovation at Sheba Medical Center Joins TRAIN Responsible AI Network

by Fred Pennic 05/07/2024 Leave a Comment

ARC Innovation Launches ARC Accelerator w/ $10M Infusion from Ilex Medical

What You Should Know:  - ARC Innovation, the innovation arm of Sheba Medical Center, Israel's leading medical center and a six-time Newsweek World's Best Hospital awardee, today announced its participation in the Trustworthy & Responsible AI Network (TRAIN).  - The consortium brings together healthcare luminaries dedicated to integrating responsible AI practices effectively within the healthcare landscape. AI Transforming Healthcare Landscape AI is rapidly transforming
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Steward Health Care Files for Chapter 11 Bankruptcy, Cites Financial Pressures

by Fred Pennic 05/07/2024 Leave a Comment

Steward Health Care Files for Chapter 11 Bankruptcy, Cites Financial Pressures

What You Should Know:  - Steward Health Care, the nation's largest physician-led hospital operator, announced today that it has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. - Steward assures patients and the broader community that day-to-day operations will continue uninterrupted throughout the Chapter 11 process. Hospitals, medical centers, and physician offices will remain open and fully functional. The company's
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DeepScribe Appoints Dr. Dean Dalili as Chief Medical Officer

by Executive Hires 05/07/2024 Leave a Comment

DeepScribe Appoints Dr. Dean Dalili as Chief Medical Officer

What You Should Know:  - DeepScribe, an innovator in ambient AI documentation for healthcare, announced the appointment of Dr. Dean Dalili, MD, MHCM, as its new Chief Medical Officer (CMO).  - Dr. Dalili brings a wealth of experience to DeepScribe, poised to play a pivotal role in shaping the company's clinical strategy and advancing its mission to revolutionize healthcare documentation. Guiding DeepScribe's Clinical Leadership As CMO, Dr. Dalili will spearhead DeepScribe's
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GE HealthCare Unveils Head-Only MRI Scanner for Advanced Neuroscience Research

by Fred Pennic 05/06/2024 Leave a Comment

GE HealthCare Unveils Head-Only MRI Scanner for Advanced Neuroscience Research

What You Should Know:  - GE HealthCare announced the unveiling of SIGNA MAGNUS, a revolutionary head-only magnetic resonance imaging (MRI) scanner.  - This FDA 510(k) pending technology holds immense promise for unlocking new frontiers in neuroscience research, a field previously limited by the capabilities of conventional whole-body MRI systems. New Hope for Neurological Disorders Neurological disorders, including Alzheimer's disease, affect a staggering 43% of the global
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OverT Bio Secures $16M to Optimize Cell Therapy for Solid Tumors

by Fred Pennic 05/06/2024 Leave a Comment

OverT Bio Secures $16M to Optimize Cell Therapy for Solid Tumors

What You Should Know:  - OverT Bio, a data-driven biotech company focused on unlocking the curative potential of cell therapies for solid tumors raises $16M in seed funding round. Co-led by ARTIS Ventures and Wing VC, the round saw participation from a distinguished group of investors including Fusion Fund, OMX Ventures, Alexandria Venture Investments, Gaingels, Civilization Ventures, Hawktail, and the Cancer Research Institute. - The investment will fuel the company's mission to
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Exploring The Impact of AR in Surgical Training and Simulation

by Fred Pennic 05/06/2024 Leave a Comment

Exploring the Impact of AR in Surgical Training and Simulation

Human surgery training has used the classical approach of dissections of bodies and presence in live surgery for a long time. These means offer truly priceless opportunities to learn but multiple problems lie in accessibility, interactivity, and safety. AR has started a new era in surgical training through its affordability, interactivity, and safety. However, there still exists a need for proof regarding its effectiveness and  the possibility of any negative effects. In this article, we
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