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Fred Pennic, Editor-in Chief | HIT Consultant

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

Viventium Appoints Navin Gupta as New CEO to Drive Growth in Post-Acute Care HCM

by Executive Digital Health Hires 01/22/2024 Leave a Comment

Viventium Appoints Navin Gupta as New CEO to Drive Growth in Post-Acute Care HCM

What You Should Know: - Viventium, a provider of SaaS-based human capital management (HCM) platforms for the post-acute care industry, has announced the appointment of Navin Gupta as its new CEO. - Gupta brings a wealth of experience in both healthcare and technology, which will be invaluable as Viventium looks to capitalize on the growing demand for its HCM solutions in the post-acute care space. Gupta Bio/Background Gupta has spent decades working in the healthcare and technology
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JP Morgan Healthcare 2024: 8 Hot Takes & Insights from Health Tech & Biotech CEOs

by JP Morgan 2024 Executive Hot Takes & Insights 01/19/2024 Leave a Comment

JPM 2024: 8 Hot Takes & Insights from Leading Health Tech & Biotech CEOs

8 digital health and life sciences executives share their hot takes and insights from the recent annual JPM Healthcare Conference 2024 Virgil Bretz, co-founder and CEO of MacroHealth “The annual JP Morgan Healthcare Conference is still one of the most efficient ways to meet with capital partners. Other conferences are increasingly attracting the investment community, such as HLTH, but none are as concentrated as JP Morgan. This conference is unusual in that meetings for small and middle
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Mastercard Unveils Virtual Cards to Streamline Healthcare Claim Settlements

by Fred Pennic 01/19/2024 Leave a Comment

Mastercard Unveils Virtual Card Solution to Streamline Claim Settlements

What You Should Know: - Mastercard, a global leader in payments, is pioneering a revolutionary solution using its cutting-edge virtual card technology. - This first-of-its-kind initiative aims to streamline B2B claim settlements, replacing the clunky old system with a sleek, digital one. Partnering with leading financial institutions and health tech platforms like Remedinet in India, Mastercard is paving the way for a faster, more efficient future. The Problem The pain of slow and
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Hospital and Health System M&A in 2023: Financial Distress Drive Market Reorganization and Partnerships

by Fred Pennic 01/19/2024 Leave a Comment

Healthcare M&A in 2023: Financial Distress Drive Market Reorganization and Partnerships

What You Should Know: Hospital and health system mergers and acquisitions activity in 2023 was driven by increased pressure on operations and finances, according to Kaufman Hall's latest analysis of healthcare transactions. The report reveals momentum around mergers and acquisitions continued throughout 2023 with 65 announced transactions, up from 53 in 2022. Financial distress was cited as a factor or was otherwise evident in 28% of announced transactions last year,
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Nuance DAX Copilot Integrates with Epic EHR for Automated Clinical Documentation

by Fred Pennic 01/18/2024 Leave a Comment

Nuance DAX Copilot Integrates with Epic EHR for Automated Clinical Documentation

What You Should Know: - Nuance® Communications, a Microsoft company announced Nuance® Dragon® Ambient eXperience™ Copilot (DAX Copilot) is now fully integrated into the Epic electronic health record (EHR). - This AI-powered system automates clinical documentation, streamlines workflows, and empowers physicians to focus on what truly matters – their patients. Transforming Healthcare Experiences with Automated Clinical Documentation This industry-first integration is the result of a
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CMS Finalizes New Interoperability and Prior Authorization Rule

by Fred Pennic 01/18/2024 Leave a Comment

CMS Finalizes New Interoperability and Prior Authorization Rule

What You Should Know: The Biden-Harris Administration has finalized a new rule that streamlines the prior authorization process and improves health data exchange across the healthcare system. The CMS Interoperability and Prior Authorization Final Rule (CMS-0057-F) represents a significant step towards reducing bureaucratic burdens, accelerating access to care, and fostering a more patient-centered healthcare experience. Streamlining Prior Authorization The rule tackles the often
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PointClickCare Acquires American HealthTech, Expands Senior Care Reach

by Fred Pennic 01/18/2024 Leave a Comment

PointClickCare Acquires American HealthTech, Expands Senior Care Reach

What You Should Know: - PointClickCare, a healthcare technology platform for senior care, has announced the acquisition of American HealthTech (AHT), a prominent provider of electronic health records (EHR) and related services for the post-acute care market. Financial details of the acquisition were not disclosed. - The strategic move strengthens PointClickCare's position as a comprehensive care continuum solution and marks a significant step forward in their vision of transforming the
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MEMIC Taps CLARA Analytics for AI-Powered Claims Management

by Fred Pennic 01/18/2024 Leave a Comment

MEMIC Taps CLARA Analytics for AI-Powered Claims Management

What You Should Know: - Maine Employers’ Mutual Insurance Company (MEMIC), a leader in workers’ compensation insurance, is harnessing the power of artificial intelligence (AI) to revolutionize claims management. - MEMIC announced its partnership with CLARA Analytics, a provider of AI solutions for the insurance industry, to implement CLARA Optics, a cutting-edge platform that promises to streamline workflows, improve medical outcomes, and empower adjusters and nurse case managers
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M&A: General Catalyst’s HATCo to Acquire Summa Health

by Fred Pennic 01/17/2024 Leave a Comment

M&A: General Catalyst's HATCo to Acquire Summa Health

What You Should Know: - Akron-based Summa Health and General Catalyst's Health Assurance Transformation Corporation (HATCo) have announced a planned acquisition that promises to reshape healthcare delivery in the region. - This strategic acquisition marks the beginning of a long-term journey to create a more proactive, affordable, and equitable healthcare system for the Greater Akron community. A Vision for a Healthier Future Summa Health, a large, integrated healthcare system, and
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Eleanor Health Appointed William McKinney as CEO

by Executive Digital Health Hires 01/17/2024 Leave a Comment

Eleanor Health Appointed William McKinney as CEO

What You Should Know: - Eleanor Health, a pioneer in personalized addiction and mental health care delivery, has announced the appointment of William McKinney as its new Chief Executive Officer, effective January 9, 2024. - McKinney brings a wealth of experience in leading healthcare organizations and navigating complex markets, ideally positioning him to guide Eleanor's mission of transforming addiction treatment with a holistic, value-based approach. A Proven Track Record in
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