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Fred Pennic, Editor-in Chief | HIT Consultant

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

ABOUT Healthcare Acquires Edgility: Streamlining Patient Flow with AI-Powered Care Orchestration

by Fred Pennic 04/19/2024 Leave a Comment

ABOUT Healthcare Acquires Edgility: Streamlining Patient Flow with AI-Powered Care Orchestration

What You Should Know:  - ABOUT Healthcare (ABOUT®), a leader in hospital operations solutions, has announced a strategic acquisition of Edgility, an AI and analytics platform company. This move signifies a significant leap forward in patient flow management, promising to optimize hospital operations and expedite patient care. - ABOUT emphasizes that the combined platform offers the only end-to-end care orchestration solution in the market. This empowers healthcare systems to achieve
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FDA Clears First-Ever Digital Bone Marrow Aspirate App

by Fred Pennic 04/19/2024 Leave a Comment

FDA Clears First-Ever Digital Bone Marrow Aspirate App

What You Should Know:  - Scopio Labs, a leader in digital cell morphology, has achieved a major breakthrough with FDA De Novo clearance for its Full-Field Bone Marrow Aspirate (FF-BMA) Application.  - The FDA clearance marks a pivotal moment, establishing the first-ever regulatory category for digital bone marrow aspirate analysis software in the US. Bone Marrow Analysis: Crucial for Diagnosing Blood Disorders Microscopic analysis of bone marrow samples, known as bone
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DrFirst Acquires Myndshft to Expedite Access to Specialty Medications and Reduce Burden on Providers

by Fred Pennic 04/18/2024 Leave a Comment

DrFirst Acquires Myndshft to Expedite Access to Specialty Medications and Reduce Burden on Providers

What You Should Know:  - DrFirst has announced a strategic acquisition of Myndshft Technologies, Inc., an end-to-end real-time medical benefits and automated prior authorization (PA) software-as-a-service (SaaS). - Myndshft software-as-a-service automates and simplifies time-consuming healthcare patient access tasks associated with prior authorization, eligibility and benefits verification, and patient financial responsibility, freeing providers and payers to concentrate more fully on
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Kontakt.io Secures $47.5M to Optimize Hospital Operations with AI-Powered Patient Flow Optimization

by Fred Pennic 04/18/2024 Leave a Comment

Kontakt.io Secures $47.5M to Optimize Hospital Operations with AI-Powered Patient Flow Optimization

What You Should Know:  - Kontakt.io, a leading innovator in Inpatient Journey Analytics, has announced a significant investment of $47.5 million. This Series C funding round, led by Growth Equity at Goldman Sachs Asset Management (Goldman Sachs), empowers Kontakt.io to accelerate its growth and fuel the expansion of its cutting-edge Artificial Intelligence (AI) solutions. - Goldman Sachs' investment signifies their confidence in Kontakt.io's disruptive technology and market potential.
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AngelEye Health Acquires NICU2Home to Bolster NICU Care

by Fred Pennic 04/18/2024 Leave a Comment

AngelEye Health Bolsters NICU Care with Acquisition of NICU2Home

What You Should Know:  - AngelEye Health, the leading provider of technology for neonatal and pediatric family engagement services, has announced the acquisition of NICU2Home.  - NICU2Home, dedicated to empowering families through technology during their NICU journey, perfectly complements AngelEye's existing solutions. A Holistic Approach to NICU Care By integrating NICU2Home's expertise, AngelEye expands its solutions to: Seamlessly connect families with their infants:
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COTA & Sanofi Partner to Leverage Real-World Data and AI to Accelerate Cancer Trials

by Fred Pennic 04/17/2024 Leave a Comment

FDA Extends RCA With COTA to Explore COVID's Effect on Cancer

What You Should Know:  - COTA, a leading real-world data (RWD) and analytics company in oncology, has announced a new collaboration with Sanofi.  - The strategic partnership aims to leverage RWD and artificial intelligence (AI) to accelerate clinical trials specifically focused on multiple myeloma, a cancer affecting white blood cells. The findings from this partnership have the potential to significantly impact future clinical trial designs for multiple myeloma. Unlocking
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MemorialCare Deploys Abridge’s GenAI Clinical Documentation Across Enterprise

by Fred Pennic 04/16/2024 Leave a Comment

MemorialCare Deploys Abridge’s GenAI Clinical Documentation Across Enterprise

What You Should Know:  - MemorialCare, a healthcare system in Southern California, announced today a partnership with Abridge, a company pioneering the use of generative AI for clinical documentation.  - The strategic collaboration aims to streamline administrative tasks for physicians and improve patient care experiences. Reducing Burden and Rekindling Human Connection MemorialCare anticipates Abridge's AI technology to significantly reduce the administrative burden of
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PathAI and Google Cloud Partner to Advance AI-Powered Pathology for Biopharma and Labs

by Fred Pennic 04/16/2024 Leave a Comment

PathAI Lands $60M to Accelerate AI-Powered Pathology Platform

What You Should Know:  - PathAI, a leading force in AI-powered pathology, has joined forces with Google Cloud at the Bio-IT World Conference & Expo to accelerate the integration of AI and digital pathology workflows within biopharmaceutical companies and anatomic pathology (AP) labs. - By streamlining workflows, expediting data processing, and enabling the development of more precise AI models, this collaboration has the potential to revolutionize the field of pathology and
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Particle Health Addresses Integration to Epic Data Despite Dispute

by Fred Pennic 04/15/2024 Leave a Comment

Particle Health Addresses Integration to Epic Data Despite Dispute

What You Should Know:  - Particle Health, a healthcare data platform company, is addressing concerns about a reported data access disruption with electronic health record (EHR) giant Epic.  - Particle Health emphasizes that the vast majority of its customers continue to receive data from Epic uninterrupted, despite recent announcements suggesting otherwise. The Dispute and Its Impact However, Particle Health acknowledges a dispute with Epic that began in March 2024. While
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ChrysCapital Looks to Sell GeBBS Healthcare Solutions for $1B

by Fred Pennic 04/15/2024 Leave a Comment

ChrysCapital Looks to Sell GeBBS Healthcare Solutions for $1B

What You Should Know:  - ChrysCapital, India's largest homegrown private equity (PE) firm, is reportedly exploring the sale of GeBBS Healthcare Solutions, a Los Angeles-based healthcare business process outsourcing (BPO) company.  - This comes roughly six years after ChrysCapital acquired GeBBS in 2018. The potential $1 billion valuation reflects a significant increase from the acquisition price in 2018. This transaction could signal ChrysCapital's strategy of entering a
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