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Fred Pennic, Editor-in Chief | HIT Consultant

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

Walmart Health Center to Add 28 New Locations in 2024

by Fred Pennic 03/02/2023 Leave a Comment

Walmart Health Taps Zotec Partners to Power Patient Financial Experience

What You Should Know: - Today, Walmart announced it will add 28 new Walmart Health centers, with 75+ total locations by the end of the year. This continues our commitment to making quality healthcare more convenient, accessible and affordable for customers in the communities we serve. - The expansion will increase Walmart Health’s footprint into two new states including Missouri and Arizona, deepening our presence in Texas in the Dallas metro area and growing into Houston.
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CMS Awards Accenture Federal Services with $628M Contract to Support Healthcare.gov

by Fred Pennic 03/02/2023 Leave a Comment

CMS Awards Accenture Federal Services with $628M Contract to Support Healthcare.gov

What You Should Know: - Accenture Federal Services has won a five-year, $628 million recompete of a contract award from the U.S. Centers for Medicare and Medicaid Services (CMS) to continue its work supporting Healthcare.gov. CMS made this award through the Strategic Partners Acquisition Readiness Contract (SPARC) vehicle. - In 2014, Accenture Federal Services was awarded a prime contract to take over management of the Federally-Facilitated Exchange (FFE). FFE is the backbone of
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Advantus Health Partners and GE HealthCare Sign 10-Year, $760M Agreement

by Strategic Partnerships 03/02/2023 Leave a Comment

Advantus Health Partners and GE HealthCare Sign 10-Year, $760M Agreement

What You Should Know: - GE HealthCare and Advantus Health Partners announced it has expanded its partnership, an agreement of up to $760M over 10 years to provide GE HealthCare’s Healthcare Technology Management (HTM) services to Advantus Health Partners’ clients.  - Through this expanded relationship between Advantus Health Partners and GE HealthCare, healthcare providers will have access to a scalable, end-to-end solution for managing medical equipment performance and risk. Healthcare
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Ryse Health Secures $6.5M for Type 2 Diabetes Care

by Fred Pennic 03/02/2023 Leave a Comment

Ryse Health Secures $6.5M for Type 2 Diabetes Care

What You Should Know: - Ryse Health, a healthcare technology company that’s committed to pursuing a world free from chronic diseases and raising the bar on Type 2 Diabetes care raises $6.5M in Series A funding led by Route 66 Ventures. The round also included support from W Health and Healthworx, the innovation and investment arm of CareFirst BlueCross BlueShield. - The company plans to use the funding to enable Ryse to continue to grow its team, strengthen its business operations, partner
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Detroit Pistons Selects Progyny for Value-Based Family Building Care

by Fred Pennic 03/01/2023 Leave a Comment

Detroit Pistons Selects Progyny for Value-Based Family Building Care

What You Should Know: - Progyny, a fertility benefits company pioneering value-based care, announced that they have partnered with the Detroit Pistons, to provide comprehensive, equitable family building care for employees and their families.  - Through this partnership, the Detroit Pistons will have access to equitable and comprehensive family building care that its diverse workforce requires. Comprehensive, Value-Based Family Building Care With Progyny, Detroit Pistons
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Mayo’s Lucem Health Launches AI-Driven Early Disease Detection Platform

by Fred Pennic 03/01/2023 Leave a Comment

Mayo’s Lucem Health Launches AI-Driven Early Disease Detection Platform

What You Should Know: - Lucem Health™ today announced the availability of its new early AI-driven disease detection solutions, Lucem Health Reveal that leverages existing EHR data to identify patients who may be at a higher risk of serious or chronic disease. - Reveal solutions surface previously undiscovered insights in readily available clinical data that can help provider organizations deliver greater clinical value for patients and more financial value to the organization. Early
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Tempus, Pfizer Partner to Advance Oncology Therapeutic Development

by Fred Pennic 02/28/2023 Leave a Comment

Tempus, Pfizer Partner to Advance Oncology Therapeutic Development

What You Should Know: - Today, the AI-powered genetic testing and precision medicine company Tempus announced that it has signed a significant strategic agreement with Pfizer to more precisely gather insights that will inform novel drug discovery and development in oncology. - Through this collaboration, Pfizer has access to Tempus’ AI-enabled platform and its library of de-identified, multimodal data to uncover insights that will power therapeutic development in oncology. -
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Hospitals Enter 2023 Facing ‘New Normal’ of Financial Uncertainty

by Fred Pennic 02/28/2023 Leave a Comment

Hospitals Enter 2023 Facing ‘New Normal’ of Financial Uncertainty

What You Should Know: - Hospitals enter 2023 on more stable footing following the worst financial year since the start of the pandemic—but challenges persist, according to the newest data from Kaufman Hall. - The latest National Hospital Flash Report finds that hospitals continue to experience the same challenges that made 2022 the worst financial year since the start of the pandemic, including higher labor expenses, lower patient volumes, and a fundamental
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Walmart & CareSource Partner to Address Racial Health Inequities

by Fred Pennic 02/28/2023 Leave a Comment

Walmart & CareSource Partner to Address Racial Health Inequities

What You Should Know: - Today, Walmart announced a three-year agreement with the nonprofit organization, CareSource to address cardiometabolic conditions and maternal health in under-resourced and underserved communities. - The partnership expands the work Walmart and CareSource are doing to help improve care around maternal and child health in Georgia - the two launched a pilot in Georgia earlier this year to help Black maternal health across the state. Address
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CodaMetrix Raises $55M for AI-Powered, Autonomous Medical Coding

by Fred Pennic 02/27/2023 Leave a Comment

CodaMetrix Raises $55M for AI-Powered, Autonomous Medical Coding

What You Should Know: - CodaMetrix, an AI technology platform transforming healthcare revenue cycle management, today announced that it closed a $55 million Series A round led by SignalFire. Frist Cressey Ventures (FCV), Martin Ventures, Yale Medicine, University of Colorado Healthcare Innovation Fund, and Mass General Brigham physician organizations also participated in the round. - The capital injection will accelerate go-to-market with major provider organizations and health systems, as
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