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Fred Pennic, Editor-in Chief | HIT Consultant

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

Limbic Secures $14M to Expand AI-Powered Mental Health in U.S.

by Fred Pennic 03/05/2024 Leave a Comment

Limbic Secures $14M to Expand AI-Powered Mental Health in U.S.

What You Should Know: - Limbic, a London-based provider of clinical mental health AI technology raises $14M led by Khosla Ventures. - The funding, which also includes participation from Gaingels and Illusian, will fuel Limbic's expansion into the US healthcare market. Proven Success in the UK, Expanding to the US Limbic's clinical AI platform has already positively impacted over 260,000 patients within the UK's National Health Service (NHS) Talking Therapies program. This technology
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Tiny Health Secures $8.5M for At-Home Gut Microbiome Testing

by Fred Pennic 03/05/2024 Leave a Comment

Tiny Health Secures $8.5M for At-Home Gut Microbiome Testing

What You Should Know: - Tiny Health, a pioneer in at-home gut microbiome testing for babies, announced today the successful closing of an $8.5M Series A funding round. - Led by Spero Ventures, this round brings Tiny Health's total funding to $13M, further fueling the company's mission to revolutionize gut health innovation and address the growing crisis of pediatric chronic conditions. Combating a National Crisis The United States faces a pediatric chronic conditions crisis, with
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OhioHealth Marion General Hospital Appoints Jim Parobek as President

by Executive Digital Health Appointments 03/05/2024 Leave a Comment

OhioHealth Marion General Hospital Appoints Jim Parobek as President

What You Should Know: - OhioHealth Marion General Hospital today announced the appointment of Jim Parobek as its new president, effective March 4th, 2024. - Parobek brings over 30 years of experience in healthcare leadership to the role, with a proven track record of success in building strong teams, driving strategic growth, and fostering community engagement. Parobek Bio/Background Parobek's extensive experience encompasses various leadership roles across the country, most recently
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Healthpeak Properties Finalizes Merger with Physicians Realty Trust

by Healthcare Mergers & Accquisitions (M&A) Activity 03/05/2024 Leave a Comment

Healthpeak Properties Finalizes Merger with Physicians Realty Trust

What You Should Know: - Healthpeak Properties, Inc. (NYSE: PEAK) ("Healthpeak") announced the successful completion of its all-stock merger with Physicians Realty Trust. - The combined company will continue to operate under the name Healthpeak Properties, Inc. and will begin trading under the new ticker symbol "DOC" on the New York Stock Exchange today. $750M Growth Loan To support its growth objectives, Healthpeak has secured a new $750 million, 5-year unsecured term loan. The
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Riverside Community Hospital Appoints Mike Hoyt as COO

by Executive Digital Health Appointmenets 03/05/2024 Leave a Comment

Riverside Community Hospital Appoints Mike Hoyt as COO

What You Should Know: - Riverside Community Hospital appoints Mike Hoyt as Chief Operating Officer effective February 27, 2024. - Prior to joining Riverside, Mr. Hoyt served as Vice President of Operations at sister HCA healthcare facility Swedish Medical Center in Englewood, Colorado. During his tenure, he was instrumental in the completion of a new $77M six-story patient tower and completed the first three phases of a $20M kitchen renovation. - Mr. Hoyt earned his Master of Healthcare
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Geisinger Appoints Dr. Terry Gilliland as President and Future CEO

by Executive Digital Health Appointments 03/04/2024 Leave a Comment

Geisinger Appoints Dr. Terry Gilliland as President and Future CEO

What You Should Know: - Geisinger, announced the appointment of Dr. Terry Gilliland as the incoming President of Geisinger Health, along with his subsequent role as Chief Executive Officer (CEO) once Dr. Jaewon Ryu transitions to CEO of Risant Health. - The leadership change marks a new chapter in Geisinger's esteemed history, with Dr. Gilliland poised to become the eighth CEO in the organization's 109-year legacy. Dr. Gilliland Bio/Background With a wealth of experience spanning
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Oracle-Backed Cancer Startup Project Ronin Shutters

by Fred Pennic 03/04/2024 Leave a Comment

Oracle-Backed Cancer Startup Project Ronin Shutters

What You Should Know: - Project Ronin, a software startup focused on applying AI to improve cancer care, announced its closure, Bloomberg first reports. - The company, co-founded by Oracle co-founder and chairman Larry Ellison, cited financial difficulties as the primary reason for the shutdown. Project Ronin Background Founded in 2018, Ronin aimed to develop solutions that could rapidly analyze and interpret data within electronic health records systems used by hospitals. 
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Envoy Medical Secures $10M to Advance Fully Implanted Cochlear Implant

by Fred Pennic 03/04/2024 Leave a Comment

Envoy Medical Secures $10M to Advance Fully Implanted Cochlear Implant

What You Should Know: - Envoy Medical Corporation (NASDAQ: COCH), a pioneer in fully implanted hearing solutions, announced today the closing of a $10M, five-year loan agreement with existing investor Glen Taylor. - This unsecured loan will support Envoy Medical's continued development of its innovative hearing technologies, including:    - The Acclaim® cochlear implant: A fully implanted device designed for individuals with severe hearing loss. This investigational
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ArteraAI’s Prostate Test Earns Recognition in NCCN Guidelines for Prostate Cancer

by Fred Pennic 03/04/2024 Leave a Comment

ArteraAI's Prostate Test Earns Recognition in NCCN Guidelines for Prostate Cancer

What You Should Know: - ArteraAI, a leader in artificial intelligence (AI)-powered cancer tests, today announced a significant achievement – the inclusion of their ArteraAI Prostate Test in the NCCN Clinical Practice Guidelines in Oncology (NCCN Guidelines®) for Prostate Cancer. - This marks a major milestone for ArteraAI, solidifying its position at the forefront of AI-driven oncology and personalized patient care.   A First for AI-powered Testing The ArteraAI Prostate Test is the
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Coalition for Health AI (CHAI) Appoints CEO & Board of Directors

by Executive Digital Health Appointments 03/04/2024 Leave a Comment

Coalition for Health AI Appoints CEO & Board of Directors

What You Should Know: - The Coalition for Health AI (CHAI), a multi-stakeholder initiative focused on responsible AI in healthcare, today announced key leadership appointments and partnerships. CHAI is a non-profit organization dedicated to fostering collaboration among stakeholders in the healthcare ecosystem to ensure the responsible development and deployment of AI in healthcare. - CHAI named Dr. Brian Anderson, a co-founder of CHAI and chief digital health physician at MITRE, as its
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