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Fred Pennic, Editor-in Chief | HIT Consultant

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

M&A: New Day Diagnostics to Acquire the Assets of Epigenomics AG

by Fred Pennic 07/31/2023 Leave a Comment

M&A: New Day Diagnostics to Acquire the Assets of Epigenomics AG

What You Should Know:  New Day Diagnostics LLC announced it has entered into an agreement to acquire the assets of Epigenomics AG, a molecular diagnostics company focused on blood testing for the early detection of cancer.Under the terms of the agreement, New Day Diagnostics would acquire substantially all of Epigenomics AG’s assets and intellectual property. The acquisition would expand New Day Diagnostics' portfolio in the cancer diagnostics space and include proprietary biomarker
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Henry Schein Medical & Medpod Launches Portable Telediagnostic Solution

by Fred Pennic 07/31/2023 Leave a Comment

Henry Schein Medical & Medpod Launches Portable Telediagnostic Solution

What You Should Know:  Henry Schein Medical, the U.S. medical business of Henry Schein, Inc., and Medpod Inc. launches Medpac – a lightweight, portable telediagnostic solution that allows health care providers to offer comprehensive professional care regardless of location, helping to bridge the gap between remote telemedicine consultations and in-person office visits. Exclusively distributed by Henry Schein Medical, Medpac is suitable for a range of applications, including
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Hippocratic AI Launches Founding Partner Program with Health Systems/Digital Health Companies

by Fred Pennic 07/28/2023 Leave a Comment

Hippocratic AI Launches with $50M for Safety Large Language Model for Healthcare

What You Should Know:  Hippocratic AI, the first Large Language Model (LLM) designed specifically for healthcare, announced its Founding Partner Program with 10 health systems and digital health companies. Partners will help ensure the safety of Hippocratic AI’s LLM over the course of their five-year partnerships; they will guide the development of the model, participate in data governance and model safety committees, establish use cases, engage their medical professionals in conducting
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FDA Grants Clearance for UltraSight’s AI Cardiac Ultrasound

by Fred Pennic 07/28/2023 Leave a Comment

FDA Grants Clearance for UltraSight's AI Cardiac Ultrasound

What You Should Know:  UltraSight, a digital health pioneer transforming cardiac imaging through the power of artificial intelligence, announced that it has been granted FDA clearance for its AI-powered ultrasound guidance technology. The UltraSight real-time AI guidance software can assist medical professionals without sonography experience in acquiring cardiac ultrasound images at the point of care in multiple settings, allowing for more widespread detection of heart disease and
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CareCloud, Google Cloud Partner to Bring Generative AI to Ambulatory Practices

by Fred Pennic 07/27/2023 Leave a Comment

Google Cloud

What You Should Know:  - Google Cloud and CareCloud, today announced a strategic partnership that will bring the power of generative AI to small and medium-sized healthcare providers.  - Utilizing Google Cloud’s generative AI, CareCloud will transform and enhance the operational efficiency of ambulatory practices in office settings, enabling physicians to make more informed treatment decisions and improving cost transparency between healthcare providers and
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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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