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Fred Pennic, Editor-in Chief | HIT Consultant

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

Fred Pennic

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Fred Pennic is the Founder and Editor-in-Chief of HIT Consultant. Fred is a seasoned health IT strategist with fourteen years of experience in providing advisory services to executive leadership at hospitals and health systems. Some of his previous clients include Mayo Clinic, Stanford Hospital and Health Clinics, Northwell Health, Trinity Health.

Cytox Collaborates with Mayo Clinic to Develop New Algorithms to Evaluate Genetic Based Approaches for Assessing Alzheimer’s Risk

by Fred Pennic 05/23/2018 Leave a Comment

Alzheimer's Clinical Trials Consortium

Cytox, a precision medicine company focused on commercializing polygenic risk scoring (PRS) approaches for assessing genetic risk for developing Alzheimer’s has entered into a research collaboration with Mayo Clinic to test current and develop new proprietary algorithms relating to the diagnosis and prognosis of Alzheimer’s disease. Under the agreement Cytox will assess genetic risk for developing Alzheimer’s disease using its current commercially available approaches developed to run on the
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Iora Health Lands $100M for Relationship-Driven Primary Care Model

by Fred Pennic 05/23/2018 Leave a Comment

Iora Health Lands $100M for Relationship-Driven Primary Care Model

Iora Health, a Boston, MA-based value-based primary care provider focused on Medicare has raised $100 million in Series E funding from global investors including .406 Ventures, Devonshire Investors, F-Prime Capital, Flare Capital Partners, GE Ventures, Humana, Khosla Ventures, Polaris Partners and Temasek. The company plans to utilize the funding to expand operations and invest further development of its proprietary collaborative care IT platform, Chirp that enables Iora's teams to care for
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Hinge Health Study: Exercise Therapy with Wearable Sensors Improves Chronic Knee Pain by 61%

by Fred Pennic 05/23/2018 Leave a Comment

Hinge Health Knee Sensors Man

Hinge Health, a Silicon Valley-based digital health company, today announced the results about the first clinical study, published April 2018 in the Journal of Medical Internet Research demonstrates that a mobile-first, at-home exercise therapy and behavioral coaching solution improves outcomes for chronic knee pain by 61% and elective surgeries by 63% without opioids or surgery (N=162). A cost-benefit analysis estimates that the study’s employer saved $438,000 in avoided surgeries across the
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Columbus Regional Healthcare to Implement Cerner Integrated EHR Across Acute & Ambulatory Facilities

by Fred Pennic 05/22/2018 Leave a Comment

Columbus Regional Healthcare to Implement Cerner Integrated EHR Across Acute & Ambulatory Facilities

Columbus Regional Healthcare System in Whiteville, North Carolina has signed an agreement with Cerner Corporation to implement Cerner's integrated electronic health record (EHR) and revenue cycle solutions across its acute and ambulatory facilities. CRHS is a community owned and controlled not-for-profit organization that includes Columbus Regional (hospital), Columbus Regional Physician Network with six medical practices, Donayre Cancer Care Center, The Wound Care Center and offers advanced
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Luma Health Raises $6.33M for Patient-Provider Communications Platform

by Fred Pennic 05/22/2018 Leave a Comment

Luma Health Raises $6.33M for Patient-Provider Platform

Luma Health, a San Francisco, CA-based smart patient-provider communications platform, today announced it has completed a $6.33 Million round of Series A funding led by U.S. Venture Partners along with continued participation from the Stanford-StartX Fund and existing investors. Luma Health plans to used the latest round of funding to extend its go-to-market operation, including sales and marketing, while also expanding its engineering team to support the company’s growing product roadmap. The
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Eye Care Telemedicine Startup Simple Contacts Raises $16M for Tech-Enabled Prescription Lenses

by Fred Pennic 05/22/2018 Leave a Comment

Eye Care Telemedicine Startup Simple Contacts Raises $16M for Tech-Enabled Prescription Lenses

Simple Contacts, a New York City-based telemedicine startup for eye care has raised $16 million in funding led by Waypoint Capital Partners, with participation from returning investors Goodwater Capital, Steven Cohen, executives from Flatiron Health and a number of the nation’s top ophthalmologists. The company plans to use the new funding to invest in marketing and customer service, open new offices, and eventually expand the business to address additional healthcare categories. The latest
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What Clinical Nurse Leaders Do

by Fred Pennic 11/10/2016 Leave a Comment

The Impact of ACA on Quality of Nursing

In the health care community, much lip service has been paid to growing and attracting clinical leaders. After all, hospitals and other facilities with recognized clinical leaders seem to function better and provide better medical care than those that lack such high-powered medical professionals. Yet, a problem has arisen: Who are clinical leaders, and what do they do?A handful of peer-reviewed articles have argued that any professional within the medical field has the potential to claim
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OurCrowd Launches Israel’s First $50M Digital Health Fund

by Fred Pennic 11/02/2016 Leave a Comment

OurCrowd Launches Israel’s First $50M Digital Health Fund

OurCrowd, an Jerusalem-based global equity crowdfunding platform for accredited investors has launched Israel's first $50 million fund to invest in digital health startups. The new fund called OurCrowd Qure will focus on digital health startups at seed and series A stages in Israel, the US and the Asia Pacific region. Allen Kamer and Dr. Yossi Bahagon has been appointed to lead the fund.OurCrowd Qure has established a collaboration with Johns Hopkins University to provide validation of value,
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Welkin Health, Serotonin-Plus Partner to Create “Coach in a Pocket” App for Weight Loss

by Fred Pennic 10/31/2016 Leave a Comment

Welkin Health,

Serotonin-Plus, a Virginia-based medical weight loss program structured around a patented serotonin formula, has partnered with Welkin Health, a San Francisco-based digital health company specializing in patient relationship management, to scale the most important component of their program: human coaching. Welkin's configurable technology will enable Serofit coaches to build relationships with patients and engage and support them in their weight loss goals, all at the patient's convenience.This
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3M 360 Encompass System Expands with Professional Fee Coding

by Fred Pennic 10/17/2016 Leave a Comment

3M 360 Encompass System Expands with Professional Fee Coding

3M Health Information Systems is expanding its 3M 360 Encompass System platform to introduce encounter-based professional fee coding solution. The new solution brings the power of 3M’s computer-assisted coding, physician query capability and reporting to coding and billing for physician services, helping professional coders improve productivity, boost compliance and decrease claim denials.The University of New Mexico Hospitals (UNMH), a five-hospital system and New Mexico’s only academic medical
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