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Fred Pennic, Editor-in Chief | HIT Consultant

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

Hospitals Grapple with Payment Delays, Two-Midnight Rule Expansion, and Outpatient Surgery Surge

by Fred Pennic 05/15/2024 Leave a Comment

Hospitals Grapple with Payment Delays, Two-Midnight Rule Expansion, and Outpatient Surgery Surge

-  Hospitals and health systems nationwide saw a sizable increase in delayed or missing payments in the first quarter, due in part to a recent, large-scale disruption to payment processing services, according to a new report from Strata Decision Technology.  - The report, leveraging data from Strata's extensive healthcare databases, unveils trends impacting hospitals, insurers, and patients alike. Delayed Payments Disrupt Revenue Streams A significant finding concerns a surge
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Butterfly Network Enters Bladder Market With iQ+ Bladder Scanner

by Fred Pennic 05/15/2024 Leave a Comment

Butterfly Network Enters Bladder Market With Launch of iQ+ Bladder

What You Should Know:  - Butterfly Network, a leader in transforming healthcare with portable ultrasound technology, has unveiled its first specialty product: the iQ+ Bladder™. This innovative solution empowers nurses and healthcare providers to conduct efficient and accurate bladder volume scans.  - iQ+ Bladder™ offers a fit-for-purpose ultrasound-based bladder scanner that helps nurses get automated bladder volume calculations, with 3D visualizations, in seconds. A Complete
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Advantus Health Partners and Warrior Outdoor Partner to Enhance Healthcare Delivery for Indigenous Communities

by Strategic Partnerships 05/15/2024 Leave a Comment

Advantus Health Partners and Alliant Purchasing Join Forces to Boost Purchasing Power for Members

What You Should Know:  - The COVID-19 pandemic served as a catalyst for adaptation and innovation across industries, and the healthcare sector was no exception. This is exemplified by the accelerated launch of Advantus Health Partners, a healthcare solutions and supply chain company, and the expansion of Warrior Outdoor, LLC into Personal Protective Equipment (PPE) to support their indigenous communities. - Now, these two organizations, united by a retail approach to healthcare
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Researchers Uncover Critical Vulnerabilities in GE HealthCare Ultrasound Systems and EchoPAC Software

by Fred Pennic 05/15/2024 Leave a Comment

Researchers Uncover Critical Vulnerabilities in GE HealthCare Ultrasound Systems and EchoPAC Software

What You Should Know:  - Security researchers at Nozomi Networks Labs have identified a total of 11 vulnerabilities affecting GE HealthCare's Vivid family of ultrasound machines, the accompanying Common Service Desktop web application, and EchoPAC PC software.  - These vulnerabilities could be exploited by attackers to disrupt critical medical procedures, compromise patient data privacy, and hinder accurate diagnoses. Vulnerable Devices and Potential Impacts Vivid T9
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Brixton Biosciences Secures $33M to Advance Novel Pain Therapies

by Fred Pennic 05/14/2024 Leave a Comment

Brixton Biosciences Secures $33M to Advance Novel Pain Therapies

What You Should Know:  - Brixton Biosciences, a clinical-stage life sciences company focused on innovative pain treatments raises $33M in Series B funding led by Schooner Capital with participation from  SV Health Investors, Sparta Group, Excelestar Ventures,  PV Capital Management, and Catalyst Health Ventures. - In addition, Brixton has bolstered its leadership team. Dr. Michael Fishman, a renowned pain management specialist, joins as Chief Medical Officer. Additionally,
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Watershed Health Secures $13.6M to Tackle Uncoordinated Care Crisis

by Fred Pennic 05/14/2024 Leave a Comment

Watershed Health Secures $13.6M to Tackle Uncoordinated Care Crisis

What You Should Know:  - Watershed Health, a New Orleans, LA-based provider of real-time care coordination solutions raises $13.6M in funding led by First Trust Capital Partners with participation from FCA Venture Partners, Create Health Ventures, Impact Engine, 450 Ventures, LDH Ventures II/Launchpad Digital Health, MassMutual Ventures, Capstar Partners and Wanxiang Healthcare Investments.  - The investment will fuel the company's mission to combat uncoordinated care, a major
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Anumana Appoints Harry S. Palmin as CFO

by Fred Pennic 05/14/2024 Leave a Comment

Anumana Appoints Harry S. Palmin as CFO

What You Should Know:  - Anumana, an AI-powered health technology company, has announced the strategic appointment of Harry S. Palmin as their new Chief Financial Officer (CFO).  - Palmin brings a wealth of experience to Anumana, boasting over 25 years in building, financing, and operating life sciences companies. - In addition to his duties at Anumana, Palmin will also serve as CFO of Ventures for nference, a company of which Anumana is a portfolio company. Leading
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Kalderos Appoints Daryl Todd as Chief Strategy Officer

by Executives Hires 05/14/2024 Leave a Comment

Kalderos Appoints Daryl Todd as Chief Strategy Officer

What You Should Know:  - Kalderos, the data infrastructure and analytics company behind the world's first Drug Discount Management platform, has appointed Daryl Todd as its new Chief Strategy Officer.  - Todd, a seasoned legal professional with extensive experience in the life sciences industry, brings a unique combination of legal expertise and patient advocacy to the table. Building on a Strong Legacy Todd's impressive career boasts senior regulatory attorney roles, with
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HHS Announces Funding Opportunity to Improve AI-Powered Healthcare & Behavioral Health IT

by Fred Pennic 05/13/2024 Leave a Comment

HHS Launches Investigation of Change Healthcare Cybersecurity Attack

What You Should Know:  - The U.S. Department of Health and Human Services (HHS), through the Office of the National Coordinator for Health Information Technology (ONC), is seeking innovative solutions to advance healthcare through artificial intelligence (AI) and improve health IT adoption in behavioral health settings.  - This initiative is driven by the Leading Edge Acceleration Projects (LEAP) in Health Information Technology (Health IT) funding opportunity for fiscal year
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Sturdy Health Partners with Notable for AI-Powered Digital Front Door

by Fred Pennic 05/13/2024 Leave a Comment

Sturdy Health Partners with Notable for AI-powered Digital Front Door

What You Should Know:  - Sturdy Health, a leading healthcare system in Southeastern Massachusetts and Rhode Island, has announced a new partnership with Notable, the AI platform for healthcare operations.  - The strategic collaboration aims to empower patients with a more convenient and efficient healthcare experience through the power of artificial intelligence (AI). Simplifying Patient Workflow with Notable Sturdy Health will leverage Notable's platform to automate
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