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Fred Pennic, Editor-in Chief | HIT Consultant

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

VenoStent Raises $20M for Dialysis Solution, Secures $3.6M NIH Grant for U.S. Dialysis Therapeutic Clinical Trial

by Fred Pennic 06/27/2024 Leave a Comment

VenoStent Raises $20M for Dialysis Solution, Secures $3.6M NIH Grant for U.S. Dialysis Therapeutic Clinical Trial

What You Should Know:  - VenoStent, Inc., a medical device company pioneering a new approach to improve dialysis patient outcomes, announced the successful completion of its Series A funding round. The round closed at $20M, with Norwest Venture Partners contributing an additional $4M to join Good Growth Capital and IAG Capital Partners as co-leads. - VenoStent also welcomes Dr. Zack Scott, Norwest General Partner, and Dr. Ehi Akhirome, Norwest Investor, to its board of
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Philips Expands Cloud-Based Imaging with IntelliSpace Radiology on AWS

by Fred Pennic 06/27/2024 Leave a Comment

Philips Expands Cloud-Based Imaging with IntelliSpace Radiology on AWS

What You Should Know:  - Philips, a leader in health technology, announced today a significant advancement for its IntelliSpace Radiology platform. Existing customers in North America will now have the option to transition to a cloud-based version hosted on Amazon Web Services (AWS).  - This strategic expansion positions Philips at the forefront of cloud-based healthcare solutions, offering improved efficiency, enhanced security, and powerful AI integration. Benefits of
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Sidecar Health Secures $165M to Disrupt Employer-Sponsored Healthcare

by Fred Pennic 06/27/2024 Leave a Comment

Sidecar Health Secures $165M to Disrupt Employer-Sponsored Healthcare

What You Should Know:  - Sidecar Health, a health insurance provider for businesses raises $165M in a Series D funding round led by Koch Disruptive Technologies with participation from new and existing investors such as GreatPoint Ventures, BOND, Cathay Innovation, Drive Capital, Duke University, Menlo Ventures, and Morpheus. - Sidecar Health's $165 million funding round and strategic partnership with Koch Industries position them as a major disruptor in the employer-sponsored health
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Fighting Rectal Cancer with AI: Researchers Secure $2.78M Grant

by Fred Pennic 06/27/2024 Leave a Comment

Black and Hispanic Patients Face Higher Liver Cancer ED Visits

What You Should Know:  - A glimmer of hope emerged today for rectal cancer patients as a collaborative effort between Case Western Reserve University (CWRU), Cleveland Clinic, and University Hospitals (UH) received a $2.78 million grant over five years from the National Institutes of Health and National Cancer Institute. This grant will fuel research leveraging artificial intelligence (AI) to personalize treatment for rectal cancer patients. - The new research effort signifies a
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American College of Radiology Launches Medical Practice AI Quality Assurance Program

by Fred Pennic 06/26/2024 Leave a Comment

American College of Radiology Launches Medical Practice AI Quality Assurance Program

What You Should Know:  - The American College of Radiology (ACR) has taken a groundbreaking step towards ensuring the safe and effective use of artificial intelligence (AI) in radiology practices. They've launched the ACR Recognized Center for Healthcare-AI (ARCH-AI), the first national quality assurance program of its kind. - The program is built on best practices established by experts in the field. It outlines a clear framework for implementing AI in real-world radiology settings,
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AWS Invests $10M to Fight Childhood Diseases with GenAI & Cloud Innovation

by Fred Pennic 06/26/2024 Leave a Comment

AWS Invests $10M to Fight Childhood Diseases with GenAI & Cloud Innovation

What You Should Know:  - Amazon Web Services (AWS) announced a significant $10M commitment to propel research for pediatric healthcare and unlock a deeper understanding of rare childhood diseases.  - The initiative targets a critical gap in resources and aims to empower researchers to develop more effective treatments for vulnerable young patients. A Mother's Story Fuels the Fight Nicole Giroux's daughter Lila's journey with inoperable brain cancer at just 15 months old
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PicnicHealth Unveils Universal Patient Record with GenAI

by Fred Pennic 06/26/2024 Leave a Comment

PicnicHealth Unveils Universal Patient Record with GenAI

What You Should Know:  - PicnicHealth, a company focused on empowering health and research through patient data, announced PicnicAI, a technology platform unlocking the long-awaited Universal Patient Record.  - The innovative platform leverages the power of artificial intelligence (AI) to collect and interpret medical records from across the United States, transforming them into valuable insights for both patients and researchers. PicnicAI: Powering Personalized Care and
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CipherHealth Secures Investment from Atalaya Capital Management

by Fred Pennic 06/26/2024 Leave a Comment

CipherHealth Receives Strategic Growth Investment from JMI Equity

What You Should Know:  - CipherHealth, Inc., a leading innovator in patient-centered communication solutions, today announced a strategic investment from Atalaya Capital Management. This capital infusion will fuel CipherHealth's ongoing growth and expansion efforts. - CipherHealth's solutions are designed to deliver personalized, relevant, and actionable communication to patients. This ensures that patients receive the information they need, when they need it, ultimately leading to
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Clinical Trial Diversity: Pharma Takes Action to Address Disparities

by Fred Pennic 06/26/2024 Leave a Comment

Clinical Trial Diversity: Pharma Takes Action to Address Disparities

What You Should Know:  - Trinity Life Sciences, a leader in global life sciences commercialization solutions, has released a new white paper titled "Diversity in Clinical Trials: Life Sciences Initiatives and Challenges in Light of the FDA's Latest Guidance."  - The paper sheds light on the critical issue of racial and ethnic diversity in clinical trials, exploring current industry initiatives, their effectiveness, and the future landscape shaped by the FDA's evolving
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eVisit Acquires UPMC’s Inpatient Teleconsult Technology

by Fred Pennic 06/25/2024 Leave a Comment

eVisit Acquires UPMC's Inpatient Teleconsult Technology

What You Should Know:  - eVisit, a provider of virtual care solutions for health systems, announced a significant expansion today through a three-pronged approach: acquisition of UPMC's inpatient teleconsult technology, strategic investments from UPMC Enterprises and MedStar Health, and the addition of key figures to its Clinical Advisory Board. - The strategic expansion solidifies eVisit's leadership in the telehealth landscape, empowering healthcare systems to deliver exceptional
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