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Fred Pennic, Editor-in Chief | HIT Consultant

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

Streamlining Behavioral Health: Mercy Health Cuts ED Stays in Ohio by 64%

by Fred Pennic 06/12/2024 Leave a Comment

What You Should Know:  - A collaborative effort between Conduit Health Partners and Mercy Health – Springfield Regional Medical Center has yielded significant improvements in behavioral health patient care.  - The behavioaral health initiative, focused on streamlining transfers from the emergency department (ED) to appropriate care settings, has resulted in a remarkable 64% reduction in ED length of stay for these patients. The Challenge: Rising Need, Strained
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Cerebral Settles FTC Charges Over Data Privacy and Deceptive Practices

by Fred Pennic 06/11/2024 Leave a Comment

Cerebral Settles FTC Charges Over Data Privacy and Deceptive Practices

What You Should Know:  - The Department of Justice (DOJ), in conjunction with the Federal Trade Commission (FTC), announced a settlement with Cerebral Inc., a telehealth company, resolving allegations of data privacy violations, deceptive practices, and misleading cancellation procedures.  - The government, however, is continuing its case against Cerebral's former CEO and other executives, along with separate telehealth companies founded by the former CEO. Cerebral Settles
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HEALWELL AI Acquires VeroSource for $24.5M to Bolster AI-Powered Preventative Care Platform

by Fred Pennic 06/11/2024 Leave a Comment

HEALWELL AI Acquires VeroSource for $24.5M to Bolster AI-Powered Preventative Care Platform

What You Should Know:  - HEALWELL AI (TSX: AIDX), a leader in AI-powered preventative healthcare, announced today it has agreed to acquire VeroSource Solutions Inc., a healthcare technology company focused on data solutions and digital healthcare platforms.  - The acquisition, valued at approximately $24.5M, is expected to significantly enhance HEALWELL's capabilities in early disease detection and improve patient outcomes. By combining HEALWELL's AI expertise with VeroSource's data
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Omniscient Secures Series C Funding to Expand AI-Powered Brain Mapping

by Fred Pennic 06/11/2024 Leave a Comment

Omniscient Closes Series C Funding to Expand AI-Powered Brain Mapping

What You Should Know:  - Omniscient (o8t®), a Sydney, Australia-based global leader in applying AI to unlock the secrets of the human brain, announced today the successful conclusion of its Series C funding round. This round brings the company's total capital raised to US$60M , marking a significant milestone in its growth trajectory. - The funding round highlights the confidence of prominent Australian investors, including Will Vicars and Gina Rinehart, in Omniscient's vision and
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Verily Launches AI-Powered Chronic Care Solution, Lightpath

by Fred Pennic 06/11/2024 Leave a Comment

Verily Launches AI-Powered Chronic Care Solution, Lightpath

What You Should Know:  - Verily, Alphabet's precision health subsidiary, today announced Lightpath, a next-generation chronic care solution designed to address the evolving needs of health plans and their members.  - The initial offering, Lightpath Metabolic, focuses on empowering individuals with cardiometabolic conditions to achieve and maintain their health goals. Open enrollment is targeted for early 2026. Building on Success with Onduo Lightpath Metabolic leverages the
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Canary Speech Secures $13M for AI-Powered Vocal Biomarkers

by Fred Pennic 06/11/2024 Leave a Comment

Canary Speech Secures $13M for AI-Powered Vocal Biomarkers

What You Should Know:  - Canary Speech, Inc. (Canary), a pioneer in AI-powered voice biomarker technology, announced today it has closed a $13M Series A funding round.  - The round was led by Cortes Capital, LLC (Love’s Private Equity), with participation from Sorenson Communications, LLC., SMK (Japan), and Hackensack Meridian Health. Canary's Cutting-Edge Technology Canary Speech leverages vocal analysis to identify early signs of mental health and neurological conditions.
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Tampa General Hospital Deploys AI Tools to Reduce Burnout, Bost Patient Experience

by Fred Pennic 06/11/2024 Leave a Comment

Tampa General Hospital Deploys AI Tools to Reduce Burnout, Bost Patient Experience

What You Should Know:  - Tampa General Hospital (TGH) is embracing artificial intelligence (AI) to streamline documentation workflows and empower physicians to focus on what matters most – their patients. - While thorough documentation is crucial for high-quality care, the process can be time-consuming and detract from valuable patient interactions. To address this challenge, TGH has partnered with Nuance to implement DAX Copilot, an innovative AI-powered solution. DAX Copilot:
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JAMA: Traditional Medicare Is, In Fact, The Failure

by Fred Pennic 06/11/2024 Leave a Comment

JAMA: Traditional Medicare Is, In Fact, The Failure

What You Should Know:  - A new article published in JAMA Internal Medicine reignites the debate about Medicare Advantage and traditional Medicare.  - Dr. Sachin H. Jain, CEO of SCAN Group and SCAN Health Plan, argues in favor of Medicare Advantage, while Drs. Adam Gaffney, David Himmelstein, and Steffie Woolhandler advocate for traditional Medicare. Traditional Medicare: Lower Costs, Fewer Benefits Traditional Medicare offers beneficiaries lower premiums, but it comes with
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KARL STORZ to Acquire Asensus Surgical for $0.35 per Share

by Fred Pennic 06/10/2024 Leave a Comment

KARL STORZ to Acquire Asensus Surgical for $0.35 per Share

What You Should Know:  - Asensus Surgical, Inc. (NYSE American: ASXC), a leading developer of digital surgical technologies, announced today it has entered into a definitive merger agreement with KARL STORZ Endoscopy-America, Inc., a subsidiary of the global medical technology company KARL  STORZ SE & Co. KG. - Asensus Surgical is a pioneer in digital surgery, developing the first intra-operative Augmented Intelligence technology approved for global use. Their LUNA system,
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Teladoc Health Appoints Charles “Chuck” Divita as New CEO

by Executives Hires 06/10/2024 Leave a Comment

Teladoc Health Appoints Charles "Chuck" Divita as New CEO

What You Should Know:  - Teladoc Health, Inc. (NYSE: TDOC), the global leader in whole-person virtual care, has announced the appointment of Charles “Chuck” Divita, III, as Chief Executive Officer, effective immediately.  - Alongside his role as CEO, Divita has also joined Teladoc Health’s Board of Directors. Divita Bio/Background Divita transitions to Teladoc Health from GuideWell, a prominent health solutions organization that includes Florida Blue, Florida's leading
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