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Fred Pennic, Editor-in Chief | HIT Consultant

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

New Report Reveals Biggest Reason Why Nurses Are Quitting

by Fred Pennic 04/10/2024 Leave a Comment

New Report Reveals Biggest Reason Why Nurses Are Quitting

What You Should Know:  - Laudio and the American Organization for Nursing Leadership announced the release of the inaugural Quantifying Nurse Manager Impact report, which delivers insights into the impact of nurse managers on health system financial outcomes and key factors that can impede this impact.  - Leveraging Laudio’s unique data set, the report provides first-of-its-kind data on the influence of leader-team member engagement on nurse retention – a pervasive and costly
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Q1 2024 Digital Health Funding: A Reset & Refocus on Outcomes

by Fred Pennic 04/09/2024 Leave a Comment

Q1 2024 Digital Health Funding: A Reset & Refocus on Outcomes

What You Should Know: - Q1 2024 Digital health funding in the U.S. reached $2.7B across 133 deals, with an average deal size of $20.6M, according to Rock Health’s Q1 2024 Digital Health Funding Report.  - The report reveals the digital health funding landscape has undergone a significant shift in Q1 2024, marking a transition from a period of rapid growth to a more measured environment focused on long-term sustainability. This signals a shift towards smaller check sizes, indicating a more
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Augmedix, Andor Health Integrate to Enhance Virtual Care with AI-Powered Documentation

by Fred Pennic 04/09/2024 Leave a Comment

Augmedix, Andor Health Integrate to Enhance Virtual Care with AI-Powered Documentation

What You Should Know:  - Augmedix (AUGX), a leader in AI-powered medical documentation, and Andor Health, a cloud-based platform for virtual care communication, have announced a strategic partnership to streamline workflows and improve patient care.  - The strategic integration aims to revolutionize virtual care by leveraging ambient AI to automate note creation within the Andor Health platform, ThinkAndor®. Focus on Clinician Efficiency and Patient Care Augmedix's AI
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Define Ventures Appoints Frank Williams as Venture Partner

by Executive Hires 04/09/2024 Leave a Comment

Define Ventures Appoints Frank Williams as Venture Partner

What You Should Know:  - Define Ventures, the leading early-stage investor in digital health companies, announced today the appointment of Frank Williams as Venture Partner.  - Williams, a seasoned entrepreneur and healthcare executive, brings a wealth of experience to the firm, playing a key role in supporting and scaling their portfolio companies. Williams Bio/Background Williams boasts an impressive career in healthcare, highlighted by his co-founding role at Evolent
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UnitedHealth Faces New Ransomware Threat After Alleged $22M Payment Failure

by Fred Pennic 04/08/2024 Leave a Comment

UnitedHealth Faces New Ransomware Threat After Alleged $22M Payment Failure

What You Should Know:  - UnitedHealth Group is embroiled in a new ransomware saga, just as it recovers from a February attack, according to a blog post from threat intelligence firm SOCRadar. - A hacking group called RansomHub claims to possess 4 terabytes of stolen data from UnitedHealth's subsidiary, Change Healthcare and is demanding a ransom to prevent its release. RansomHub's Demands and Allegations This data supposedly includes the personal details and medical records of
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Vista Equity Partners Acquires Model N for $1.25B

by Fred Pennic 04/08/2024 Leave a Comment

Vista Equity Partners Acquires Model N for $1.25B

What You Should Know:  - Model N (NYSE: MODN), a leading provider of revenue optimization and compliance solutions for the life sciences and high-tech industries, has announced a definitive agreement to be acquired by Vista Equity Partners ("Vista"). - Under the terms of the agreement, Vista will acquire all outstanding shares of Model N common stock for $30.00 per share in an all-cash transaction valued at approximately $1.25 billion. - The transaction is expected to close in
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Epic & Press Ganey Integrate to Streamline Nursing Quality Data

by Fred Pennic 04/08/2024 Leave a Comment

Epic Systems

What You Should Know:  - Press Ganey, a provider of healthcare experience measurement and data analysis, announced a collaboration with Epic to integrate nurse-sensitive indicators (NSIs) and outcomes directly into Press Ganey's National Database of Nursing Quality Indicators (NDNQI).  - The strategic integration partnership will significantly improve efficiency for nursing leaders and ultimately enhance patient care. What is the NDNQI? The NDNQI is a comprehensive database
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UCLA, PreciseDx to Develop AI-Powered Breast Cancer Recurrence Tool for Early Detection

by Fred Pennic 04/08/2024 Leave a Comment

UCLA, PreciseDx to Develop AI-Powered Breast Cancer Recurrence Tool for Early Detection

What You Should Know:  - PreciseDx®, a leader in AI-powered diagnostics for oncology, announces a crucial collaboration with UCLA's Department of Pathology and Laboratory Medicine.  - The research initiative focuses on evaluating PreciseDx's innovative tool, PreciseBreast™, for its ability to accurately assess the risk of recurrence in patients diagnosed with triple-negative breast cancer (TNBC). Why Focus on Triple-Negative Breast Cancer? TNBC Challenges: Accounting for
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Verily Powers Otsuka’s Longitudinal Registry to Advance Mental Health Research

by Fred Pennic 04/08/2024 Leave a Comment

Verily Powers Otsuka’s Longitudinal Registry to Advance Mental Health Research

What You Should Know:  - Otsuka Pharmaceutical Development & Commercialization, Inc. (Otsuka), a global pharmaceutical company, and Verily Life Sciences LLC (Verily), a precision health technology company, have teamed up to launch a groundbreaking research initiative called "My Mental Health Journey."  - The longitudinal registry study aims to significantly enhance our understanding of depression and other mental health conditions. The Power of Real-World Data My Mental
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Osso VR and ACC to Develop Cardiac Procedure Training with VR

by Fred Pennic 04/05/2024 Leave a Comment

What You Should Know:  - Osso VR, the leader in immersive procedural training, announces a groundbreaking collaboration with the American College of Cardiology (ACC) to develop a state-of-the-art training curriculum for left atrial appendage occlusion (LAAO) procedures.  - The strategic partnership marks a significant leap forward in the field of medical education, leveraging virtual reality (VR) technology to enhance interventional cardiologists' training. The Focus: Left
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