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Fred Pennic, Editor-in Chief | HIT Consultant

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

USCDI+ Milestone: ONC and HRSA Modernization Initiative Goes Live

by Fred Pennic 06/14/2024 Leave a Comment

ONC and HRSA Launches USCDI+ Initiative to Support UDS Modernization

What You Should Know:  - A significant step forward was achieved recently in the joint initiative between the Office of the National Coordinator for Health Information Technology (ONC) and the Health Resources and Services Administration (HRSA).  - The collaboration focuses on improving data reporting for HRSA Health Center Program grantees, which serve medically underserved communities nationwide. The Challenge: Time-Consuming and Fragmented Reporting The HRSA Health
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Telehealth Company Done CEO Arrested in $100M Adderall Scheme

by Fred Pennic 06/13/2024 Leave a Comment

Tehealth Company Done CEO Arrested in $100M Adderall Scheme

What You Should Know:  - Two executives from a California telehealth company Done Inc. were arrested on Thursday for allegedly operating a $100M scheme to distribute Adderall and Ritalin to illegitimate patients. - David Brody, Done's clinical president, and Ruthia He, the founder and CEO, are accused of conspiring to provide easy access to stimulant drugs through online consultations in exchange for monthly subscription fees. - Federal investigators allege Done prescribed over 40
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84% of Patients Would Participate in a Hospital-at-Home Program In Order To Get Home Sooner

by Fred Pennic 06/13/2024 Leave a Comment

84% of Patients Would Participate in a Hospital-at-Home Program In Order To Get Home Sooner

What You Should Know:  - As waivers allowing in-home patient care expire this year, a new survey by Vivalink, a leader in digital healthcare solutions, reveals a growing public interest in Hospital at Home (HaH) programs.  - The survey polled over 1,000 U.S. consumers aged 40 and over, highlighting a significant shift towards embracing remote healthcare options. Overwhelming Preference for Home Recovery The survey results are clear: a resounding 84% of respondents expressed
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Foresite Capital Closes $900M Fund Targeting Precision Medicine & Innovation

by Fred Pennic 06/12/2024 Leave a Comment

Foresite Capital Secures $900M Fund Targeting Precision Medicine & Innovation

What You Should Know:  - Foresite Capital, a San Francisco, CA-based healthcare and life sciences investment firm, announced today the successful closing of its sixth fund with a significant $900M in capital commitments. This new fund fuels Foresite's mission to invest in groundbreaking technologies across the healthcare spectrum. - Fund VI attracted a diverse group of limited partners, including university endowments, charitable foundations, medical institutions, pension funds,
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NeuroFlow Acquires Owl, Creating Behavioral Health Measurement Powerhouse

by Fred Pennic 06/12/2024 Leave a Comment

NeuroFlow Acquires Owl, Creating Behavioral Health Measurement Powerhouse

What You Should Know:  - NeuroFlow, a provider of behavioral health technology infrastructure, announced the acquisition of Owl, a measurement-based care (MBC) technology company.  - The strategic acquisition positions NeuroFlow as a leader in behavioral health measurement and engagement, offering a comprehensive suite of solutions for a wider range of healthcare settings. - While expanding its reach and service offerings, NeuroFlow remains dedicated to customer collaboration
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University Hospitals Deploys Aidoc’s AI-Enabled Solutions Across Enterprise

by Fred Pennic 06/12/2024 Leave a Comment

What You Should Know:  - University Hospitals (UH) is revolutionizing patient care with the implementation of Aidoc's comprehensive AI platform (aiOS™) across its entire healthcare network.  - By integrating Aidoc's AI platform, UH minimizes technical hurdles and fosters a collaborative environment for ongoing AI optimization. This empowers UH to prioritize its core mission – exceptional patient care. With the aid of AI technology, UH can ensure every patient receives the most
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DexCare Secures Strategic Investments from Tampa General, Community Health Network, Texa Health

by Fred Pennic 06/12/2024 Leave a Comment

DexCare Secures Strategic Investments from Tampa General, Community Health Network, Texa Health

What You Should Know:  - DexCare, Inc., a provider of care orchestration platforms for health systems, announced today the addition of three strategic investors: Community Health Network, Tampa General Hospital, and Texas Health Resources.  - These new partners join DexCare's impressive roster of existing health system investors, including Providence, Kaiser Permanente, and Mass-General Brigham. Industry Backing Fuels Growth This strategic investment, led by ICONIQ Growth
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Koda Health Secures Funding to Expand Advance Care Planning Capabilities

by Fred Pennic 06/12/2024 Leave a Comment

Koda Health Secures Funding to Expand Advance Care Planning Capabilities

What You Should Know:  - Koda Health, a pioneer in digital Advance Care Planning (ACP), today announced the successful closing of an oversubscribed Seed+ funding round led by Ecliptic Capital with strategic investment from Memorial Hermann Health System, AARP and the Texas Medical Center (TMC) Venture Fund. - Koda Health, founded in 2020 by Dr. Tatiana Fofanova, Dr. Desh Mohan, and Katelin Cherry, emerged from the Texas Medical Center's (TMCi) Biodesign program. This program fosters
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First Successful Implant of FDA-Approved Duo Venous Stent System Offers New Hope for Chronic Venous Insufficiency Patients

by Fred Pennic 06/12/2024 Leave a Comment

First Successful Implant of FDA-Approved Duo Venous Stent System Offers New Hope for Chronic Venous Insufficiency Patients

What You Should Know:  - A new era in the treatment of chronic venous insufficiency (CVI) began on June 11th, 2024, with the successful implantation of the Philips Duo Venous Stent System outside of a clinical trial setting.  - Dr. Erin Murphy, a leading vascular surgeon at Atrium Health's Sanger Heart & Vascular Institute, performed the procedure, marking a significant milestone for patients suffering from this debilitating condition. CVI: A Common Yet Complex
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Streamlining Behavioral Health: Mercy Health Cuts ED Stays in Ohio by 64%

by Fred Pennic 06/12/2024 Leave a Comment

What You Should Know:  - A collaborative effort between Conduit Health Partners and Mercy Health – Springfield Regional Medical Center has yielded significant improvements in behavioral health patient care.  - The behavioaral health initiative, focused on streamlining transfers from the emergency department (ED) to appropriate care settings, has resulted in a remarkable 64% reduction in ED length of stay for these patients. The Challenge: Rising Need, Strained
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