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Fred Pennic, Editor-in Chief | HIT Consultant

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

DeepScribe Now Available on AWS Marketplace for Streamlined Clinical Documentation

by Fred Pennic 04/11/2024 Leave a Comment

Deepscribe Unveils 'Real-Time' AI-Generated Clinical Notes

What You Should Know:  - DeepScribe, a leading company in ambient AI for clinical documentation, announced today the general availability of its platform on AWS Marketplace.  - By offering their platform on the AWS Marketplace, DeepScribe simplifies adoption for healthcare organizations seeking to leverage the power of AI for more efficient and accurate clinical documentation.   Simplified Acquisition for Healthcare Organizations The AWS Marketplace listing offers
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VieCure Streamlines Cancer Care with Integrated E-Prescribing and Medication Management

by Fred Pennic 04/11/2024 Leave a Comment

VieCure Streamlines Cancer Care with Integrated E-Prescribing and Medication Management

What You Should Know:  - VieCure, a leading cancer care company, announced today that it's integrating DrFirst's e-prescribing and medication management solutions into its clinical decision support system.  - VieCure is a well-established point-of-care intelligence system specifically designed for community oncologists. Utilizing artificial intelligence (AI), patient data, and a comprehensive oncology knowledge base, VieCure generates personalized treatment plans for cancer
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J.D. Power Study: 32% of Health Insurance Websites & Apps Lack Basic Functionality

by Fred Pennic 04/10/2024 Leave a Comment

32% of Health Insurance Websites & Apps Lack Basic Functionality

What You Should Know:  - A new study by J.D. Power reveals significant shortcomings in the digital experiences offered by health insurance providers in the United States.  - The J.D. Power U.S. Healthcare Digital Experience Study found that a surprising 42% of insured adults have encountered problems using their health insurance company's website or app in the past year. Health Insurance Digital Tools Fall Short for Millions The inaugural J.D. Power U.S. Healthcare Digital
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Physician Practices Struggle After Change Healthcare Cyberattack: Unpaid Claims, Staff Strain, and Potential Closures

by Fred Pennic 04/10/2024 Leave a Comment

AMA Names 9 Organizations for EHR Research Grant Program

What You Should Know:  - A recent American Medical Association (AMA) survey reveals the ongoing crippling effects of the Change Healthcare cyberattack on physician practices across the United States.  - The survey was conducted after UnitedHealth Group (UHG) said that claims would be flowing by the weekend of March 23. Despite UHG’s assurances, the attack, which began in February 2024, has disrupted claim processing and caused significant financial strain, jeopardizing patient
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New Report Reveals Biggest Reason Why Nurses Are Quitting

by Fred Pennic 04/10/2024 Leave a Comment

New Report Reveals Biggest Reason Why Nurses Are Quitting

What You Should Know:  - Laudio and the American Organization for Nursing Leadership announced the release of the inaugural Quantifying Nurse Manager Impact report, which delivers insights into the impact of nurse managers on health system financial outcomes and key factors that can impede this impact.  - Leveraging Laudio’s unique data set, the report provides first-of-its-kind data on the influence of leader-team member engagement on nurse retention – a pervasive and costly
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Q1 2024 Digital Health Funding: A Reset & Refocus on Outcomes

by Fred Pennic 04/09/2024 Leave a Comment

Q1 2024 Digital Health Funding: A Reset & Refocus on Outcomes

What You Should Know: - Q1 2024 Digital health funding in the U.S. reached $2.7B across 133 deals, with an average deal size of $20.6M, according to Rock Health’s Q1 2024 Digital Health Funding Report.  - The report reveals the digital health funding landscape has undergone a significant shift in Q1 2024, marking a transition from a period of rapid growth to a more measured environment focused on long-term sustainability. This signals a shift towards smaller check sizes, indicating a more
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Augmedix, Andor Health Integrate to Enhance Virtual Care with AI-Powered Documentation

by Fred Pennic 04/09/2024 Leave a Comment

Augmedix, Andor Health Integrate to Enhance Virtual Care with AI-Powered Documentation

What You Should Know:  - Augmedix (AUGX), a leader in AI-powered medical documentation, and Andor Health, a cloud-based platform for virtual care communication, have announced a strategic partnership to streamline workflows and improve patient care.  - The strategic integration aims to revolutionize virtual care by leveraging ambient AI to automate note creation within the Andor Health platform, ThinkAndor®. Focus on Clinician Efficiency and Patient Care Augmedix's AI
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Define Ventures Appoints Frank Williams as Venture Partner

by Executive Hires 04/09/2024 Leave a Comment

Define Ventures Appoints Frank Williams as Venture Partner

What You Should Know:  - Define Ventures, the leading early-stage investor in digital health companies, announced today the appointment of Frank Williams as Venture Partner.  - Williams, a seasoned entrepreneur and healthcare executive, brings a wealth of experience to the firm, playing a key role in supporting and scaling their portfolio companies. Williams Bio/Background Williams boasts an impressive career in healthcare, highlighted by his co-founding role at Evolent
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UnitedHealth Faces New Ransomware Threat After Alleged $22M Payment Failure

by Fred Pennic 04/08/2024 Leave a Comment

UnitedHealth Faces New Ransomware Threat After Alleged $22M Payment Failure

What You Should Know:  - UnitedHealth Group is embroiled in a new ransomware saga, just as it recovers from a February attack, according to a blog post from threat intelligence firm SOCRadar. - A hacking group called RansomHub claims to possess 4 terabytes of stolen data from UnitedHealth's subsidiary, Change Healthcare and is demanding a ransom to prevent its release. RansomHub's Demands and Allegations This data supposedly includes the personal details and medical records of
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Vista Equity Partners Acquires Model N for $1.25B

by Fred Pennic 04/08/2024 Leave a Comment

Vista Equity Partners Acquires Model N for $1.25B

What You Should Know:  - Model N (NYSE: MODN), a leading provider of revenue optimization and compliance solutions for the life sciences and high-tech industries, has announced a definitive agreement to be acquired by Vista Equity Partners ("Vista"). - Under the terms of the agreement, Vista will acquire all outstanding shares of Model N common stock for $30.00 per share in an all-cash transaction valued at approximately $1.25 billion. - The transaction is expected to close in
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