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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: Accenture Acquires UK Digital Health Firm Nautilus

by Fred Pennic 09/05/2023 Leave a Comment

Accenture Acquires UK Digital Health Firm Nautilus

What You Should Know:  - Accenture announced it has acquired Nautilus Consulting, a digital healthcare consultant firm in the U.K. that specializes in Electronic Patient Record (EPR) solutions. Financial terms of the acquisition were not disclosed.  - The acquisition will enhance Accenture’s digital transformation, implementation, and optimization capabilities across the U.K. and global healthcare space. As part of the acquisition, Nautilus will join Accenture’s Health Strategy
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Walgreens CEO Rosalind Brewer Steps Down, Interim CEO Appointed

by Executives Hires & Departures 09/01/2023 Leave a Comment

Walgreens CEO Rosalind Brewer Steps Down, Interim CEO Appointed

What You Should Know: - Walgreens Boots Alliance (WBA) CEO Rosalind Brewer is stepping down as CEO and a member of the board after only two years, as of August 31, 2023. Roz Brewer served as Chief Executive Officer of WBA since March 2021. - The Board of Directors has appointed Ginger Graham, current Lead Independent Director of WBA, as the Company’s interim CEO. Ms. Brewer has agreed to continue to advise WBA while the Company conducts a search for a permanent CEO. Rosalind Brewer
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Better Life Partners Raises $26.5M to Expand Virtual SUD Platform

by Fred Pennic 09/01/2023 Leave a Comment

What You Should Know: - Better Life Partners, a virtual and in-person, community-embedded, whole-health solution for individuals and populations with substance use disorders (SUD) raises $26.5M in Series B funding round. - The round is co-led by aMoon and existing investor F-Prime Capital with participation from existing investor, .406 Ventures. Better Life Partners has raised $38M to date. - Better Life Partners plans to use the new capital to further develop and scale its effective,
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Biofourmis’ Founder Steps Down As CEO, Amidst Company Layoffs

by Executive Hires & Departures 09/01/2023 Leave a Comment

Biofourmis Secures $300M to Expand Virtual Care Offerings

What You Should Know: - Biofourmis founder and CEO Kuldeep Singh Rajput has quietly resigned as CEO, according to the company’s spokesperson. The company has appointed private equity investor General Altantic's Ben Wanamaker as interim CEO. - Rajput’s abrupt exit comes after the Boston-based virtual care and digital medicine company laid off 120 employees. - Founded in 2015, Biofourmis discovers, develops, and delivers clinically validated software-based therapeutics to provide better
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QuantHealth Secures $15M for AI-Powered Clinical Trial Design

by Fred Pennic 08/31/2023 Leave a Comment

QuantHealth

What You Should Know:  - QuantHealth, an Israeli-based AI-powered clinical trial design startup raises $15M in a Series A funding round co-led by Bertelsmann Investments and Pitango HealthTech, with participation from existing investors Shoni Top Ventures and Nina Capital.  - The round also includes participation from previous investors including Boston Millennia Partners, Atooro Fund, and Renegade Ventures. The latest round of funding brings QuantHealth to $20M in funding to
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Wellstar and Augusta University Launches Unified Health System

by Fred Pennic 08/31/2023 Leave a Comment

Wellstar and Augusta University Launches Unified Health System

What You Should Know: - Wellstar Health System and Augusta University Health System (AUHS) announced the launch of its unified health system. - AUHS will now be known locally as Wellstar MCG Health with the vision of enhancing the well-being of communities across Georgia. - This partnership represents a powerful alliance between Wellstar Health System, the University System of Georgia, Wellstar MCG Health and Augusta University’s Medical College of Georgia (MCG), to propel medical
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HCA Healthcare Collaborates with Google Cloud to Bring Generative AI to Hospitals

by Fred Pennic 08/29/2023 Leave a Comment

Google Cloud

What You Should Know: - HCA Healthcare and Google Cloud today announced a new collaboration designed to use generative AI technology to improve workflows on time-consuming tasks such as clinical documentation, so physicians and nurses can focus more on patient care. - This expanded work with Google Cloud is part of a strategic partnership announced in 2021 that includes safeguards to protect patient privacy and the security of data. Optimizing Clinical Documentation As part of a
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4 Ways AP Throttles Business Growth at Medical Facilities

by Eyal Feldman is Founder & CEO of Stampli 08/29/2023 Leave a Comment

4 Ways AP Throttles Business Growth at Medical Facilities

Is Accounts Payable the weakest link in your medical facility's growth strategy? At first glance, the answer to that question may seem to be a resounding "no." The standard playbook for success in the medical facility industry focuses on factors like identifying and delivering in-demand services, establishing a strong brand and building relationships with local hospitals and physicians to create a referral network. If you get these things right, you might assume that AP – a relatively
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Samsung Unveils New Healthcare Displays to Improve Patient Experience

by Fred Pennic 08/28/2023 Leave a Comment

Samsung Unveils New Healthcare Displays to Improve Patient Experience

What You Should Know:  Samsung Electronics Co., Ltd. announced the release of two new display models for the healthcare industry, engineered to enhance the patient experience. The HCU7030, available for hospital or healthcare environments, and the HCF8000, designed for both healthcare and hotel settings, bring an integrated pillow speaker interface, superior visuals with 4K resolution and peak HDR (High Dynamic Range) performance for a more comfortable and enjoyable user
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ONC Awards The Sequoia Project 5-Year TEFCA RCE Contract

by Fred Pennic 08/28/2023 Leave a Comment

ONC Awards The Sequoia Project to Serve As Recognized Coordinating Entity to Support Interoperability

What You Should Know:  - The Sequoia Project, an advocate for health information exchange and health IT interoperability, was chosen by the Office of the National Coordinator for Health Information Technology (ONC) to continue as the Recognized Coordinating Entity (RCE) to support the implementation of the Trusted Exchange Framework and Common Agreement (TEFCA).  - The non-profit was awarded a five-year contract to continue the public-private engagement in support of a nationwide
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