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Fred Pennic, Editor-in Chief | HIT Consultant

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

Healthcare Embraces Generative AI: 70% of Organizations Actively Explore its Revenue Cycle Potential

by Fred Pennic 11/17/2023 Leave a Comment

Healthcare Embraces Generative AI: 70% of Organizations Actively Explore its Revenue Cycle Potential

What You Should Know: - AKASA, a leading developer of AI-powered automation for the revenue cycle, released new survey results showing that more than 70 percent of healthcare organizations are actively considering the use of generative AI. - In the same survey of more than 250 CFOs and financial leaders at health systems and hospitals across the U.S., nearly 60% percent of respondents indicated they are actively considering these new technologies for their revenue cycle
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SciBase and Skin and Cancer Institute Collaborate to Advance AI-Driven Skin Cancer Detection in California

by AI Strategic Partnerships 11/16/2023 Leave a Comment

SciBase and Skin and Cancer Institute partner

What You Should Know: SciBase Holding AB, a developer of augmented intelligence-based solutions for skin disorders, has entered into a collaboration agreement with the Skin and Cancer Institute to pilot Nevisense in several of their California locations. - Melanoma is the deadliest form of skin cancer, but when detected early, treatment has a nearly 100% cure rate. The collaboration emphasizes the significance of early testing and treatment to improve survival rates. - The collaboration
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M&A: Aranscia Acquires YouScript from Invitae

by Health M&A 11/16/2023 Leave a Comment

M&A: Aranscia Acquires YouScript from Invitae

What You Should Know: - Aranscia, a global provider of diagnostics software, services, and testing solutions, has acquired select assets of the YouScript personalized medication management platform from Invitae Corporation in an all-cash transaction. - YouScript is a widely recognized leader in providing actionable, real-time medication risk and pharmacogenomics (PGx) insights. It enables healthcare providers and organizations to build, deliver, and scale comprehensive personalized
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Pathway Raises $5M for AI-Powered Medical Knowledge Platform

by Fred Pennic 11/16/2023 Leave a Comment

Pathway Raises $5M for AI-Powered Medical Knowledge Platform

What You Should Know: - Pathway, an AI-powered medical knowledge platform, has secured $5 million in seed funding to expand its solutions and address information overload for healthcare professionals. The seed funding was led by Yamaha Motor Ventures, with participation from Verge HealthTech Fund, existing investors Amplify Capital, BoxOne Ventures, and Formentera Capital. Several physicians who have experienced Pathway's benefits also backed the funding round. - The funding will allow
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Forward Secures $100M to Expand AI-Powered Doctor’s Offices

by Fred Pennic 11/16/2023 Leave a Comment

Forward Secures $100M to Expand AI-Powered Doctor’s Offices

What You Should Know: - Forward, a leading AI-powered healthcare company, has announced $100M in growth capital to expand its network of Forward CarePods, self-service AI-powered doctor's offices. This investment will fuel Forward's mission to revolutionize healthcare by making it more accessible, affordable, and high-quality. - The funding round was led by Khosla Ventures, with participation from Founders Fund, Samsung Next, Abu Dhabi Investment Authority, and Softbank. In addition to
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M&A: BehaVR and Fern Health Merge to Form RealizedCare Focused on Digital Therapeutics

by Fred Pennic 11/16/2023 Leave a Comment

BehaVR and Fern Health Merge to Form RealizedCare Focused on Digital Therapeutics

What You Should Know: - BehaVR and Fern Health have merged to create RealizedCare, a new company that will provide digital care management solutions for chronic pain. RealizedCare's platform combines digital therapeutics (DTx) with traditional wraparound services to deliver personalized care at scale. - The company has partnered with Grünenthal, a global research-based pharmaceutical company, as a strategic investor. Chronic Pain Challenges Chronic pain affects an estimated 52
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M&A: AAPC Acquires Semantic Health’s AI-Powered Medical Auditing Solution

by Fred Pennic 11/16/2023 Leave a Comment

AAPC Acquires Semantic Health’s AI-Powered Medical Auditing Solution

What You Should Know: - AAPC, a leading global solutions provider in healthcare revenue cycle management, has acquired Semantic Health, an early-stage healthcare technology company focused on creating AI-powered inpatient medical auditing software for health insurance plans and hospitals. - This acquisition will allow AAPC to offer its members innovative tools to streamline auditing processes, reduce denials, and improve documentation quality. AI-Powered Inpatient Medical
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Ambience AI Powers End-to-End Epic Integration at John Muir Health

by Fred Pennic 11/16/2023 Leave a Comment

Ambience AI Powers End-to-End Epic Integration at John Muir Health

What You Should Know: - John Muir Health (JMH) and Ambience Healthcare have announced a collaboration to launch a generative AI platform that is fully integrated with Epic's electronic health record (EHR). - The integration will enable Ambience's AI medical scribe and suite of generative AI products to read from and write information directly to Epic on behalf of and under the oversight of JMH clinicians. AI Integration with Epic for Enhanced Clinician Experience Clinicians at JMH
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UnitedHealthcare Accused of Using Faulty AI Model to Deny Healthcare Claims to Elderly Patients

by Fred Pennic 11/15/2023 Leave a Comment

UnitedHealthcare Launches Virtual Prescription Renewal Option

What You Should Know: - UnitedHealthcare, one of the largest health insurance companies in the United States, has been sued for allegedly using a faulty AI model to deny healthcare claims to elderly patients, the Register first reports. - The lawsuit, which was filed Tuesday in federal court in Minneapolis, alleges that UnitedHealthcare has been using the AI model, called nH Predict, since at least 2020 to improperly deny claims for post-acute care, such as nursing home stays and home
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UHealth and Aidoc Partner on AI-Driven Care Diagnostic Imaging

by Digital Health Strategic Partnership 11/15/2023 Leave a Comment

UHealth and Aidoc Partner on AI-Driven Care Diagnostic Imaging

What You Should Know: UHealth has launched a system-wide AI deployment powered by Aidoc, a pioneer in artificial intelligence. The initiative aims to support UHealth's mission of delivering high-quality, compassionate care by utilizing AI to identify suspected findings early in the care process. UHealth will integrate Aidoc's 13 FDA-cleared algorithms and pathway-optimized workflow technologies. Aidoc's platform, the aiOS™ flags suspected acute abnormalities in patient scans, expedites
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