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Fred Pennic, Editor-in Chief | HIT Consultant

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

Abbott & Tandem Integrate to Bring Automated Insulin Delivery to US

by Fred Pennic 01/08/2024 Leave a Comment

Abbott & Tandem Integrate to Bring Automated Insulin Delivery to US

What You Should Know: - Tandem Diabetes Care and Abbott have joined forces to bring the first automated insulin delivery (AID) system in the US compatible with Abbott's latest FreeStyle Libre 2 Plus sensor. - The integration brings the benefits of advanced closed-loop technology to millions of Americans living with diabetes, helping them achieve better blood sugar control and manage their condition with greater ease. Seamless Integration for Precise Control: The t:slim X2 insulin
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Socially Determined and Uber Health Partner to Bridge Healthcare and Social Needs

by Fred Pennic 01/08/2024 Leave a Comment

Socially Determined and Uber Health Partner to Bridge Healthcare and Social Needs

What You Should Know: - Socially Determined, the leading social risk analytics company, and Uber Health, the healthcare platform for seamless benefit coordination, have announced a partnership to empower individuals and families facing common healthcare challenges. - The strategic joint effort focuses on connecting vulnerable Medicaid, Medicare Advantage, and commercially insured beneficiaries with critical supplemental benefits like transportation, food delivery, and medication
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Harris Acquires MEDHOST to Expand Healthcare Footprint

by Fred Pennic 01/08/2024 Leave a Comment

Harris Expands Acquires MEDHOST to Expand Healthcare Footprint

What You Should Know: - Harris, a global vertical market software provider, acquires MEDHOST, Inc., a prominent player in electronic health records (EHR) and healthcare IT solutions to bolster its healthcare offerings. - The strategic acquisition also encompasses MEDTEAM Solutions, a dedicated service provider specializing in application, revenue cycle, IT, and security management. Strengthening Community Healthcare MEDHOST brings to the table a comprehensive suite of clinical and
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QuantHealth Scores $17M to Supercharge AI-Driven Clinical Trials

by Fred Pennic 01/08/2024 Leave a Comment

QuantHealth

What You Should Know: - In a decisive move towards faster and more efficient drug development, QuantHealth, a leading AI-powered clinical trial design company, has secured a strategic investment of $17M. - The new capital, fueled by Accenture Ventures alongside a prominent CRO and additional investors, bolsters QuantHealth's total Series A funding and propels its mission to revolutionize clinical trials through AI simulations. Saving Millions with 86% Predictive
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GE HealthCare Acquires MIM Software to Enhance Precision Care

by Fred Pennic 01/08/2024 Leave a Comment

GE HealthCare Acquires MIM Software to Enhance Precision Care

What You Should Know: - In a move poised to reshape the landscape of precision care, GE HealthCare (Nasdaq: GEHC) has announced the acquisition of MIM Software, a provider of medical imaging analysis and AI solutions. - This strategic acquisition strengthens GE HealthCare's commitment to developing smart, interconnected devices and digital solutions that empower clinicians to deliver more precise, personalized care across various specialties. Fueling Innovation in Precision
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Deloitte Unveils Atlas AI: Accelerating Drug Discovery with Generative AI and NVIDIA Power

by Fred Pennic 01/08/2024 Leave a Comment

What You Should Know: - Deloitte, a global leader in professional services, has unveiled Atlas AI, a groundbreaking addition to its Quartz AI™ suite, marking a significant leap forward in life sciences and healthcare (LSHC). - Built on the NVIDIA AI and NVIDIA Omniverse™ platforms, Atlas AI empowers scientists with novel tools to expedite drug discovery and bring life-saving treatments to market faster. Harnessing the Power of Generative AI Atlas AI boasts a unique arsenal of AI
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Imbed Raises $10M for FDA-Cleared Wound Care Technology

by Fred Pennic 01/08/2024 Leave a Comment

Imbed Raises $10M for FDA-Cleared Wound Care Technology

What You Should Know: Niterra, a global leader in diverse industries, today announced its participation in a $10M convertible debt financing round for Imbed Biosciences, Inc. (Imbed), a rising star in the field of tissue engineering. - This strategic investment marks Niterra's commitment to supporting innovative solutions that improve patient quality of life and aligns perfectly with its transformation towards non-internal combustion engine businesses. Revolutionizing Wound Care with
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Goldman Sachs Bets Big on Life Sciences with $650M Fund

by Fred Pennic 01/05/2024 Leave a Comment

Goldman Sachs Bets Big on Life Sciences with $650M Fund

What You Should Know: - Goldman Sachs Asset Management has announced the closing of its first-ever life sciences fund, West Street Life Sciences I, surpassing its target with $650 million in commitments. - This marks a significant investment in the burgeoning life sciences sector, showcasing Goldman Sachs' confidence in the field's potential to revolutionize healthcare. West Street Life Sciences Investment Thesis The fund will focus on growth-oriented private equity investments in
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Nabla’s AI Assistant Gets $24M Boost to Combat Clinician Burnout and Streamline Care

by Fred Pennic 01/05/2024 Leave a Comment

Nabla's AI Assistant Gets $24M Boost to Combat Clinician Burnout and Streamline Care

What You Should Know: - Nabla, a Boston, MA-based ambient AI assistant for healthcare professionals, announced today the initial close of a $24M Series B funding round led by Cathay Innovation, with participation from ZEBOX Ventures. - The latest round of funding brings Nabla's total funding to over $43M and fuels its mission to revolutionize healthcare delivery by empowering clinicians and improving patient care. Easing the Burden of EHRs: Clinicians often cite managing the
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Healthy.io Appoints Geoff Martin as CEO to Drive Commercial Expansion and Global Impact

by Executive Digital Health Hires 01/05/2024 Leave a Comment

Healthy.io Appoints Geoff Martin as CEO to Drive Commercial Expansion and Global Impact

What You Should Know: - Healthy.io, the pioneer of smartphone-powered at-home kidney testing, announced Geoff Martin, a seasoned healthcare executive, will take the reins as CEO, while founder Yonatan Adiri transitions to the role of President. - This move marks a pivotal moment for the company as it enters a new phase of growth, aiming to expand its reach and impact on global healthcare. Martin's Proven Track Record for Growth Geoff Martin brings extensive experience in
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