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Fred Pennic, Editor-in Chief | HIT Consultant

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

CDC Launches Fentanyl Dashboard to Monitor Nonfatal Overdose Trends

by Fred Pennic 06/09/2023 Leave a Comment

CDC Launches Fentanyl Dashboard to Monitor Nonfatal Overdose Trends

What You Should Know:  The Centers for Disease Control and Prevention (CDC) has recently released its Fentanyl Study Dashboard, an innovative tool that utilizes data from the Toxicology Investigators Consortium (ToxIC), to track and monitor nonfatal overdose trends associated with fentanyl. The dashboard,  “Fentalog Study: A Subset of Nonfatal Suspected Opioid-Involved Overdoses with Toxicology Testing” went live in May of 2023 aims to provide vital insights to healthcare
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Laudio Secures $13M for AI-Powered Healthcare Operations Platform

by Fred Pennic 06/09/2023 Leave a Comment

Laudio Secures $13M for AI-Driven Healthcare Operations Platform

What You Should Know:  Laudio, a Boston, MA-based AI-powered solution that’s solving for health systems CEOs top issues: labor productivity and burnout secures $13M in Series B funding led by Define Ventures. Laudio acts as a co-pilot to thousands of healthcare managers, amplifying their work and delivering measurable, large-scale improvements. The platform will streamline and standardize best practices for frontline leaders, making crucial data available in real-time and accessible
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Finance: Elevation Oncology Announces Pricing of $50M IPO

by Healthcare Finance 06/08/2023 Leave a Comment

Finance: Elevation Oncology Announces Pricing of $50M IPO

What You Should Know:   Elevation Oncology, Inc. (Nasdaq: ELEV), an innovative oncology company focused on the discovery and development of selective cancer therapies to treat patients across a range of solid tumors with significant unmet medical needs, announced the pricing of an underwritten public offering of (i) 17,810,000  shares of its common stock and, in lieu of common stock to investors that so choose, pre-funded warrants to purchase up to an aggregate of 4,440,000
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Syntax Health Launches with $7.5M to Accelerate Value-based Care Alignment for Healthcare Plans and Providers

by Fred Pennic 06/08/2023 Leave a Comment

What You Should Know:  Syntax Health, Inc., an NYC-based enterprise SaaS-based solution for health plans and providers that accelerates alignment in value-based care (VBC) launches out of Redesign Health with $7.5M in initial funding.Syntax Health’s new dynamic platform removes friction in the contracting process using analytics, infrastructure and a collaborative Virtual Workspace. The team-centric enterprise solution drives transparency, collaboration and consistency, and facilitates
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Google Cloud, Mayo Clinic Partners on Generative AI Focused on Enterprise Search

by Fred Pennic 06/07/2023 Leave a Comment

Google Cloud, Mayo Clinic Collaborate on Generative AI Focused on Enterprise Seach

What You Should Know:  Today, Google Cloud announced a collaboration with Mayo Clinic to transform healthcare with generative AI, starting with enterprise search. Enterprise Search on Generative AI App Builder (Gen App Builder) is designed to improve the efficiency of clinical workflows, make it easier for clinicians and researchers to find the information they need, and ultimately to help improve patient outcomes. In addition, Google Cloud announced today that its Enterprise Search
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Care.ai Partners with Samsung to Power High-Fidelity Virtual Care Experiences

by Fred Pennic 06/07/2023 Leave a Comment

Care.ai Partners with Samsung to Power High-Fidelity Virtual Care Experiences

What You Should Know:  care.ai, an advanced Smart Care Facility Platform partners with Samsung to bring the highest quality graphics and display to care settings, elevating the patient experience by transforming hospitals, nursing homes and care facilities with smarter, more responsive care environments. care.ai can deliver an elevated experience for both clinicians and patients by offering health systems integrated solutions combining care.ai's Smart Care Facility Platform with
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Wolters Kluwer Health Acquires AI Drug Diversion Detection Company Invistics

by Health M&A 06/07/2023 Leave a Comment

Wolters Kluwer Acquires AI Drug Diversion Detection Company Invistics

What You Should Know:  Wolters Kluwer Health today announced the acquisition of Invistics Corporation (Invistics), a U.S.-based provider of cloud-based, AI-enabled software for drug diversion detection and controlled substance compliance. Invistics will join the company’s Clinical Surveillance, Compliance & Data Solutions unit, part of Clinical Solutions. Financial details of the acquisition were not disclosed. Invistics’ solution, Flowlytics, uses predictive analytics to detect
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NYU, NVIDIA Collaborate on Large Language Model to Predict Patient Readmission

by Fred Pennic 06/07/2023 Leave a Comment

NYU, NVIDIA Collaborate on Large Language Model to Predict Patient Readmission

What You Should Know:  Researchers at NYU Langone Health, the academic medical center of New York University, have collaborated with NVIDIA experts to develop a large language model (LLM) that predicts a patient’s risk of 30-day readmission, as well as other clinical outcomes. The LLM was deployed in the healthcare system’s six inpatient facilities, the NYUTron model — featured today in the scientific journal Nature that will provide doctors with AI-driven insights that could help
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M&A: Cardinal Health’s Outcomes to Merge with Transaction Data Systems

by Fred Pennic 06/05/2023 Leave a Comment

M&A: Cardinal Health’s Outcomes to Merge with Transaction Data Systems

What You Should Know:  Cardinal Health today announced it has signed a definitive agreement to contribute its Outcomes™ business to Orlando-based Transaction Data Systems (TDS) in exchange for a minority stake in the combined entity.Under the terms of the merger agreement, Cardinal Health’s pharmaceutical segment CEO, Debbie Weitzman, will be appointed to the TDS board of directors.TDS’s existing portfolio of clinical pharmacy solutions includes the Rx30 and Computer-Rx pharmacy
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Roundups: 10 Recent Digital Health Strategic Partnerships

by Strategic Digital Health Partnerships 06/02/2023 Leave a Comment

Roundups: 9 Recent Digital Health Strategic Partnerships

Flatiron Health has signed a new partnership agreement with the London-based precision medicine software company Lifebit that will enable its researchers to securely access sensitive, real-world data on cancer patients - and hence speed up research and deliver global research improvements in treatments and care. Implementing Lifebit’s pioneering federated Trusted Research Environment technology will enable approved researchers to safely and securely access high-quality real-world data on cancer
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