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Fred Pennic, Editor-in Chief | HIT Consultant

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

Better Life Partners Raises $26.5M to Expand Virtual SUD Platform

by Fred Pennic 09/01/2023 Leave a Comment

What You Should Know: - Better Life Partners, a virtual and in-person, community-embedded, whole-health solution for individuals and populations with substance use disorders (SUD) raises $26.5M in Series B funding round. - The round is co-led by aMoon and existing investor F-Prime Capital with participation from existing investor, .406 Ventures. Better Life Partners has raised $38M to date. - Better Life Partners plans to use the new capital to further develop and scale its effective,
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Biofourmis’ Founder Steps Down As CEO, Amidst Company Layoffs

by Executive Hires & Departures 09/01/2023 Leave a Comment

Biofourmis Secures $300M to Expand Virtual Care Offerings

What You Should Know: - Biofourmis founder and CEO Kuldeep Singh Rajput has quietly resigned as CEO, according to the company’s spokesperson. The company has appointed private equity investor General Altantic's Ben Wanamaker as interim CEO. - Rajput’s abrupt exit comes after the Boston-based virtual care and digital medicine company laid off 120 employees. - Founded in 2015, Biofourmis discovers, develops, and delivers clinically validated software-based therapeutics to provide better
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QuantHealth Secures $15M for AI-Powered Clinical Trial Design

by Fred Pennic 08/31/2023 Leave a Comment

QuantHealth

What You Should Know:  - QuantHealth, an Israeli-based AI-powered clinical trial design startup raises $15M in a Series A funding round co-led by Bertelsmann Investments and Pitango HealthTech, with participation from existing investors Shoni Top Ventures and Nina Capital.  - The round also includes participation from previous investors including Boston Millennia Partners, Atooro Fund, and Renegade Ventures. The latest round of funding brings QuantHealth to $20M in funding to
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Wellstar and Augusta University Launches Unified Health System

by Fred Pennic 08/31/2023 Leave a Comment

Wellstar and Augusta University Launches Unified Health System

What You Should Know: - Wellstar Health System and Augusta University Health System (AUHS) announced the launch of its unified health system. - AUHS will now be known locally as Wellstar MCG Health with the vision of enhancing the well-being of communities across Georgia. - This partnership represents a powerful alliance between Wellstar Health System, the University System of Georgia, Wellstar MCG Health and Augusta University’s Medical College of Georgia (MCG), to propel medical
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HCA Healthcare Collaborates with Google Cloud to Bring Generative AI to Hospitals

by Fred Pennic 08/29/2023 Leave a Comment

Google Cloud

What You Should Know: - HCA Healthcare and Google Cloud today announced a new collaboration designed to use generative AI technology to improve workflows on time-consuming tasks such as clinical documentation, so physicians and nurses can focus more on patient care. - This expanded work with Google Cloud is part of a strategic partnership announced in 2021 that includes safeguards to protect patient privacy and the security of data. Optimizing Clinical Documentation As part of a
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4 Ways AP Throttles Business Growth at Medical Facilities

by Eyal Feldman is Founder & CEO of Stampli 08/29/2023 Leave a Comment

4 Ways AP Throttles Business Growth at Medical Facilities

Is Accounts Payable the weakest link in your medical facility's growth strategy? At first glance, the answer to that question may seem to be a resounding "no." The standard playbook for success in the medical facility industry focuses on factors like identifying and delivering in-demand services, establishing a strong brand and building relationships with local hospitals and physicians to create a referral network. If you get these things right, you might assume that AP – a relatively
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Samsung Unveils New Healthcare Displays to Improve Patient Experience

by Fred Pennic 08/28/2023 Leave a Comment

Samsung Unveils New Healthcare Displays to Improve Patient Experience

What You Should Know:  Samsung Electronics Co., Ltd. announced the release of two new display models for the healthcare industry, engineered to enhance the patient experience. The HCU7030, available for hospital or healthcare environments, and the HCF8000, designed for both healthcare and hotel settings, bring an integrated pillow speaker interface, superior visuals with 4K resolution and peak HDR (High Dynamic Range) performance for a more comfortable and enjoyable user
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ONC Awards The Sequoia Project 5-Year TEFCA RCE Contract

by Fred Pennic 08/28/2023 Leave a Comment

ONC Awards The Sequoia Project to Serve As Recognized Coordinating Entity to Support Interoperability

What You Should Know:  - The Sequoia Project, an advocate for health information exchange and health IT interoperability, was chosen by the Office of the National Coordinator for Health Information Technology (ONC) to continue as the Recognized Coordinating Entity (RCE) to support the implementation of the Trusted Exchange Framework and Common Agreement (TEFCA).  - The non-profit was awarded a five-year contract to continue the public-private engagement in support of a nationwide
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Keona Health Raises $7M for Healthcare CRM Integration

by Fred Pennic 08/25/2023 Leave a Comment

Keona Health Raises $7M for Healthcare CRM Integration

What You Should Know: Keona Health, a digital health company providing a healthcare CRM to simplify the complexities of patient access raises $7M led by Riverside Acceleration Capital (RAC), the growth capital arm of The Riverside Company. The investment is an inflection point for Keona’s transformative CareDesk platform, a healthcare CRM specifically designed to simplify patient access, from scheduling to telephone triage. Healthcare CRM: Harmonize Your Patient Access Keona built
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GE Healthcare Launches Digital Tool for AFib

by Fred Pennic 08/25/2023 Leave a Comment

GE Healthcare Launches Digital Tool for AFib

What You Should Know: - GE HealthCare launches CardioVisio for Atrial Fibrillation (AFib), a digital tool designed to assist clinicians in visualizing longitudinal data relevant for disease progression from multiple data sources, and driving evidence based clinical decision support directed by up-to-date AFib guidelines. - CardioVisio for Atrial Fibrillation is now commercially available in the U.S. GE Healthcare plans to expand availability in the coming months incorporating
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