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Fred Pennic, Editor-in Chief | HIT Consultant

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

Q1 Hospital M&A Activity Hits Historic Low Amidst Economic Uncertainty

by Fred Pennic 04/09/2025 Leave a Comment

Q1 Hospital M&A Activity Hits Historic Low Amidst Economic Uncertainty

What You Should Know: - Mergers and acquisitions (M&A) activity for hospitals and health systems in the United States experienced a significant slowdown in the first quarter of 2025, according to a recent analysis by Kaufman Hall. - The number of announced transactions reached a historic low, with only five deals recorded. Four out of the five transactions involved financially distressed organizations revealing broader market volatility and economic uncertainty, including concerns
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Physician Burnout Rates Moderate But Remain High, AMA Calls for Continued Action

by Fred Pennic 04/09/2025 Leave a Comment

Physician Burnout Rates Moderate But Remain High, AMA Calls for Continued Action

What You Should Know:  - A recent study published in Mayo Clinic Proceedings indicates that occupational burnout rates among physicians in the United States are decreasing after reaching a peak in 2021 during the COVID-19 pandemic.   - Despite this improvement, the American Medical Association (AMA) emphasizes that U.S. physicians still experience a higher risk of burnout compared to other U.S. workers. The AMA is urging a continued focus on addressing the root causes of
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Poor Member Digital Experience Weighs Heavily on Health Insurers, J.D. Power Finds

by Fred Pennic 04/09/2025 Leave a Comment

Poor Member Digital Experience Weighs Heavily on Health Insurers, J.D. Power Finds

What You Should Know: - Health insurance members, both in commercial and Medicare Advantage plans, are increasingly relying on their health plan's websites and mobile apps for communication. However, these digital experiences are falling short of the standards members expect from other digital-forward industries.   - The J.D. Power 2025 U.S. Healthcare Digital Experience Study reveals that health plan websites and apps frequently fail to meet basic expectations for ease of
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Samsung Partners With Stanford Medicine for New AI Sleep Apnea Feature

by Fred Pennic 04/08/2025 Leave a Comment

Samsung Partners With Stanford Medicine for New AI Sleep Apnea Feature

What You Should Know:  - Samsung Electronics and Stanford University today forms a research collaboration with Stanford Medicine aimed at developing health solutions leveraging Samsung’s recently FDA De Novo authorized obstructive sleep apnea (OSA) feature.  - The initiative, announced on World Health Day, underscores the critical role of sleep in overall well-being and marks a significant step towards proactive healthcare through pioneering research. Advance Sleep Apnea
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Kandu Health and Neurolutions Merge to Form Kandu, Inc.

by Fred Pennic 04/08/2025 Leave a Comment

Kandu Health and Neurolutions Merge to Form Kandu, Inc.

What You Should Know:  - Kandu Health, Inc. and Neurolutions, Inc. today announced their merger, forming Kandu, Inc. The newly established company aims to redefine the landscape of stroke recovery by offering an unprecedented, at-home, end-to-end solution for stroke survivors and their caregivers. - Kandu plans to develop a first-in-kind end-to-end solution for stroke survivors, combining brain computer interface (BCI) technology with personalized telehealth services. $30M Funding
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iCAD Appoints Mark Koeniguer as Chief Commercial Officer

by Healthcare Executive Hires 04/08/2025 Leave a Comment

What You Should Know:  - iCAD, Inc., a provider of clinically proven AI-powered breast health solutions, today announced the appointment of Mark Koeniguer as its Chief Commercial Officer (CCO).  - As CCO at iCAD, Koeniguer will oversee the commercial sales teams, strategic partnerships, operations, and customer success initiatives to drive revenue growth across North America and international markets.  Koeniguer Bio/Background Mark Koeniguer joins iCAD with over 30
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MedeAnalytics, Socially Determined, and Mathematica Join Forces to Quantify the Impact of Social Determinants of Health

by Fred Pennic 04/08/2025 Leave a Comment

MedeAnalytics, Socially Determined, and Mathematica Join Forces to Quantify the Impact of Social Determinants of Health

What You Should Know:  - MedeAnalytics, a healthcare enterprise data enrichment platform and analytics software-as-a-service (SaaS) provider, today announced a collaboration with Socially Determined and Mathematica.  - The strategic partnership aims to revolutionize the way the healthcare industry measures, validates, and understands the financial impact of interventions targeting social determinants of health (SDOH). Transform Social Determinants of Health
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Unlearn Appoints Krates Ng as Chief Technology Officer

by Healthcare Executive Hires 04/08/2025 Leave a Comment

Unlearn Appoints Krates Ng as Chief Technology Officer

What You Should Know:  - Unlearn®, a frontrunner in the application of artificial intelligence (AI) to revolutionize clinical trials, announced the appointment of Krates Ng as its new Chief Technology Officer (CTO).  - In his new role, Ng will be instrumental in building the technical and operational infrastructure necessary to support Unlearn’s ongoing commercial expansion of its cutting-edge AI technologies. He will work collaboratively across various departments to ensure the
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Rock Health: U.S. Digital Health Funding Reaches $3B in Q1 2025

by Fred Pennic 04/07/2025 Leave a Comment

Rock Health: U.S. Digital Health Funding Reaching $3B in Q1 2025

What You Should Know:  - In the first quarter of 2025, U.S. digital health funding reached $3.0B across 122 deals with the average deal size rising from $15.5M in Q4 2024 to $24.4M in Q1 2025, according to the latest report from Rock Health. The Rock Health report reveals the funding landscape in Q1 2025 continued to exhibit a "David and Goliath" scenario, with early-stage startups dominating deal count and larger companies or startups backed by major funders leading in significant
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DHL Group to Invest $2.2B in DHL Health Logistics by 2030

by Fred Pennic 04/07/2025 Leave a Comment

DHL Group to Invest $2.2B in DHL Health Logistics by 2030

What You Should Know:  - DHL Group has announced a significant investment of $2.2B (€2B) by 2030 to strengthen its logistics capabilities in the life sciences and healthcare sector.  - The strategic investment aims to support the company's "Strategy 2030" and enhance its ability to assist healthcare customers in expanding their operations, fostering innovation, and improving patient care on a global scale.  DHL Health Logistics Investment Focus A substantial portion of
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