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Fred Pennic, Editor-in Chief | HIT Consultant

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

AWS Launches Generative AI Solution That Auto Generates Clinical Notes

by Fred Pennic 07/26/2023 Leave a Comment

AWS Launches Generative AI Solution That Auto Generates Clinical Notes

What You Should Know:  Amazon Web Services, Inc. (AWS) launches AWS HealthScribe, a new HIPAA-eligible service that empowers healthcare software providers to build clinical applications that use speech recognition and generative AI to save clinicians time by generating clinical documentation. With AWS HealthScribe, healthcare software providers can use a single API to automatically create robust transcripts, extract key details (e.g., medical terms and medications), and create
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Whole Foods Co-Founder Launches Health & Wellness Company, Love.Life

by Fred Pennic 07/26/2023 Leave a Comment

Whole Foods Co-Founder Launches Health & Wellness Company, Love.Life

What You Should Know:  - Whole Foods Market co-founder, John Mackey today announced the launch of an integrated new health and wellness company, Love.Life. - The company’s virtual health optimization programs and plans for its first flagship location in El Segundo, CA is slated to open in the summer of 2024.  The Future of Health The company's new optimization programs provide patient-centric medical care that is outcome-driven, personalized, and dedicated to addressing all
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UnitedHealthcare Awards $11.1M in Grants to Expand Care Access

by Fred Pennic 07/25/2023 Leave a Comment

UnitedHealthcare Awards $11.1M in Grants to Expand Access to Care

What You Should Know:  UnitedHealthcare, today announced it is awarding $11.1 million in grants to 66 nonprofit organizations across 12 states through its Empowering Health program. These grants address social determinants of health (SDoH) and help uninsured individuals and underserved communities. Since launching its Empowering Health commitment in 2018, UnitedHealthcare has invested more than $62 million in Empowering Health grants reaching more than 11 million people through
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M&A: CareDx Acquires Organ Transplant Company MediGO

by Fred Pennic 07/25/2023 Leave a Comment

M&A: CareDx Acquires Organ Transplant Company MediGO

What You Should Know:  Precision medicine company CareDx acquires MediGO, an organ transplant supply chain and logistics company for an undisclosed sum.The strategic acquisition will expand CareDx’s digital health portfolio to serve the organ procurement organization (OPO) market while also bolstering its pre-transplant offerings aimed at shortening transplant wait times and increasing access to donated organs.  Enhancing Organ Procurement The organ recovery and transplant
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Lone View Capital Acquires Majority Stake in Smartlinx’s Healthcare Workforce Platform

by Fred Pennic 07/24/2023 Leave a Comment

Lone View Capital Acquires Majority Stake in Smartlinx’s Healthcare Workforce Platform

What You Should Know: - Lone View Capital, a growth-oriented private equity firm has acquired a majority ownership stake in healthcare workforce platform Smartlinx. - Lone View’s investment and deep operational expertise will support Smartlinx’s Healthcare Workforce Platform as the Company expands its innovative workforce management software and human capital solutions to address the rapidly changing needs of the long-term care, post-acute and adjacent senior care industries. Healthcare
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Pager’s Virtual Care Platform Now Available on Google Cloud Marketplace

by Fred Pennic 07/24/2023 Leave a Comment

Pager’s Virtual Care Platform Now Available on Google Cloud Marketplace

What You Should Know:  - Pager Inc. today announced that its virtual care navigation and collaboration platform, which serves 23 million members, is now available on Google Cloud Marketplace, effective immediately.  - This new offering includes additional benefits for Pager clients who have a Google Cloud account. Purchases made on Google Cloud Marketplace count toward a dollar-for-dollar drawdown on any Google Cloud committed spend.  - In addition, these clients enjoy
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How Private Equity Firms Raided Safety Net Hospitals, Leading to Closures, Layoffs

by Fred Pennic 07/21/2023 Leave a Comment

How Private Equity Firms Raided Safety Net Hospitals, Leading to Closures, Layoffs

What You Should Know:  - A new investigation by the Private Equity Stakeholder Project (PESP) reveals, for the first time, private equity (PE) investors were behind a safety net hospital closure in the Chicago area after making broken promises to regulators. - The report, “How private equity raided safety net hospitals: Volume 2—Pipeline Health,” written by PESP researcher Mary Bugbee, highlights the pitfalls of private equity ownership of hospitals, including the monetization of
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ALZpath Secures Funding for Blood-Based Biomarker Testing for Alzheimer’s Disease Detection

by Fred Pennic 07/21/2023 Leave a Comment

ALZpath Secures Funding for Blood-Based Biomarker Testing for Alzheimer's Disease Detection

What You Should Know:  - ALZpath, a developer of blood-based diagnostic biomarker testing for Alzheimer's disease detection receives funding from the Alzheimer’s Drug Discovery Foundation (ADDF)’s Diagnostics Accelerator to accelerate the clinical availability  of ALZpathDx as a laboratory developed test (LDT).  - ALZpathDx is a novel, proprietary assay for blood-based measurement of phosphorylated tau at threonine 217 (pTau217), a highly accurate, diagnostic biomarker for
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What to Look for in a True Enterprise Healthcare Scheduling Solution

by Skip Hanson, EVP, Service Delivery at Carenet Health 07/21/2023 Leave a Comment

What To Look For In A True Enterprise Healthcare Scheduling Solution

Not all enterprise scheduling solutions are created equal.  Before highlighting the features that every health system should include when implementing an enterprise scheduling solution, it makes sense to level set on the topic. Using the term “enterprise” to describe a scheduling solution means that the system must be designed to access all venues of care across the full spectrum of a patient’s healthcare journey. This means consumers will be presented with an integrated scheduling platform
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Aevice Health Secures FDA Clearance for Smart Stethoscope Wearable for Respiratory Monitoring

by Fred Pennic 07/20/2023 Leave a Comment

What You Should Know: - Aevice Health, a Singapore-based provider of remote respiratory monitoring solutions today announced that its AI-powered, smart stethoscope wearable, the AeviceMD, has received clearance from the U.S. Food and Drug Administration (FDA) as a Class II medical device under the 510(k) route. - This clearance empowers the company to market and provide their novel remote monitoring platform to health systems across the country, expanding access to a hassle-free and convenient solution for assessing lung health in clinical and home settings. Remote Respitoring Monitoring Platform The AeviceMD is an integral part of the broader AeviceMD Monitoring System, a comprehensive patient management platform targeted towards chronic respiratory disease management. Leveraging cutting-edge proprietary algorithms, the AeviceMD Monitoring System continuously monitors biomarkers of interest acquired by its smart wearable stethoscope and detects early signs of respiratory exacerbation. The robust platform has completed trials in the emergency department for the analysis of abnormal lung sounds like wheezing against the current standard of care — the clinicians’ own stethoscope-based analysis. The results from these trials are currently being collated and will be disclosed in a separate and forthcoming announcement. How AeviceMD Works With the AeviceMD, the clinic can now be brought home. The AeviceMD elevates the ubiquitous stethoscope - an essential tool in every clinic - into a smart, digital, and easily accessible device. Caregivers and patients can simply conduct auscultations using the AeviceMD sensor and conveniently share them with their healthcare professional. Through analysis of these recordings, healthcare providers can accurately identify abnormalities and promptly advise patients, enabling proactive management of lung health.

What You Should Know:  - Aevice Health, a Singapore-based provider of remote respiratory monitoring solutions today announced that its AI-powered, smart stethoscope wearable, the AeviceMD, has received clearance from the U.S. Food and Drug Administration (FDA) as a Class II medical device under the 510(k) route.  - This clearance empowers the company to market and provide their novel remote monitoring platform to health systems across the country, expanding access to a
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