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Fred Pennic, Editor-in Chief | HIT Consultant

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

Constellation Software Acquires MEDHOST, Bolstering Healthcare Portfolio

by Fred Pennic 12/27/2023 Leave a Comment

Constellation Software Acquires MEDHOST, Bolstering Healthcare Portfolio

What You Should Know: - Constellation Software Inc. (TSX: CSU) announced its subsidiary N. Harris Computer Corporation (Harris) has acquired MEDHOST, Inc., a provider of electronic health record (EHR) solutions. - This acquisition aligns with Harris' long-term commitment to the healthcare sector. With over 200 businesses operating in diverse industries, Harris has a proven track record of successfully integrating and growing acquired companies. By adding MEDHOST to its portfolio, Harris
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Intelligent Scopes and Mayo Clinic Partner to Develop AI-Powered Tools for Bladder Cancer

by Fred Pennic 12/22/2023 Leave a Comment

Intelligent Scopes and Mayo Clinic Partner to Develop AI-Powered Tools for Bladder Cancer

What You Should Know: - Intelligent Scopes Corp, a subsidiary of Claritas HealthTech Ltd., and Mayo Clinic have joined forces to develop cutting-edge artificial intelligence (AI) solutions for bladder cancer diagnosis and treatment. - The goal of strategic collaboration aims to leverage the combined expertise of both organizations to improve patient outcomes and reduce healthcare costs. Why Early Detection is Critical for Bladder Cancer Bladder cancer is a significant burden, not
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FQHCs Shine in Value-Based Care: MHN Partners Achieve $10M Savings and Perfect Quality Score

by Fred Pennic 12/22/2023 Leave a Comment

What You Should Know: - Medical Home Network (MHN), a leading care enablement partner for FQHCs, announced that its partners participating in the NeueHealth Premier ACO achieved $10.1 million in gross savings and a perfect 100% quality score in the 2022 performance year. - This accomplishment, under the ACO Realizing Equity, Access, and Community Health (REACH) Model, involved 20 FQHCs across Ohio, Missouri, and Illinois serving approximately 10,000 Medicare beneficiaries. The success
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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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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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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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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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