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Fred Pennic, Editor-in Chief | HIT Consultant

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

3 Pitfalls Hindering Your Success in Value-Based Care–and How To Avoid Them

by Dana McCalley, VP of Value-Based Care at Navina 06/04/2024 Leave a Comment

3 Pitfalls Hindering Your Success in Value-Based Care–and How To Avoid Them

Practicing healthcare is challenging, especially for those in patient-facing roles. Clinicians understandably prefer to focus more on delivering patient care and less on the administrative work that can come at the expense of face time with their patients. If you ask me, the root of the burnout in our healthcare system isn’t the large daily volume of patients—it’s the administrative tasks required for every patient. Even when organizations do a great job of streamlining internal workflows, each
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Waste Management Acquires Stericycle in $7.2B Deal

by Fred Pennic 06/03/2024 Leave a Comment

Waste Management Acquires Stericycle in $7.2B Deal

What You Should Know:  - Waste Management, Inc. (NYSE: WM) and Stericycle (NASDAQ: SRCL) announced today a definitive agreement for WM to acquire Stericycle for $62.00 per share in cash.  - This translates to a total enterprise value of approximately $7.2B, including Stericycle's net debt of $1.4B. The offer represents a 24% premium over Stericycle's 60-day volume-weighted average stock price before a potential sale was reported publicly. Stericycle: A Leading Player in
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BD Acquires Edwards Lifesciences’ Critical Care Unit for $4.2B to Strengthen Smart Connected Care Portfolio

by Fred Pennic 06/03/2024 Leave a Comment

BD Acquires Edwards Lifesciences' Critical Care Unit for $4.2B to Strengthen Smart Connected Care Portfolio

What You Should Know:  - Becton, Dickinson and Company (BDX: NYSE), a global leader in medical technology, announced today a definitive agreement to acquire Edwards Lifesciences' (EW: NYSE) Critical Care product group for $4.2 billion in cash.  - The strategic acquisition unlocks new opportunities for value creation and bolsters BD's portfolio of smart connected care solutions. Critical Care: A Leader in Advanced Monitoring Solutions The acquisition of Critical Care
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OncoHost and Dana-Farber Partner on Kidney Cancer (RCC) Biomarker Study

by Fred Pennic 06/03/2024 Leave a Comment

OncoHost and Dana-Farber Partner on Kidney Cancer (RCC) Biomarker Study

What You Should Know:  - OncoHost, a company pioneering personalized medicine approaches for better patient outcomes, announced a collaborative research study with Dana-Farber Cancer Institute, a leading cancer treatment and research center. - The project aims to identify biomarkers in blood for renal cell carcinoma (RCC), a type of kidney cancer. The Challenge of Personalized Treatment for RCC: While immune-checkpoint inhibitor (ICI) therapy has revolutionized RCC treatment,
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Mayo Clinic Taps UltraSight to Advance AI-Powered Ultrasound for Cardiac Care

by Fred Pennic 06/03/2024 Leave a Comment

Mayo Clinic Taps UltraSight to Advance AI-Powered Ultrasound for Cardiac Care

What You Should Know:  - UltraSight, a leader in transforming cardiac imaging with artificial intelligence, announced a new collaboration with Mayo Clinic, a world-renowned medical center.  - UltraSight and Mayo Clinic will work together to develop algorithms for analyzing and interpreting cardiac ultrasound images captured using point-of-care ultrasound (PoCUS) devices. This collaboration seeks to create a comprehensive solution that provides decision support for healthcare
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Deloitte Acquires End Point’s Disease Surveillance Business, CasePointer

by Fred Pennic 06/03/2024 Leave a Comment

Deloitte Acquires End Point's Disease Surveillance Business, CasePointer

What You Should Know:  - Deloitte announced today the acquisition of substantially all assets of End Point's industry-leading disease surveillance business, CasePointer. This strategic move strengthens Deloitte's Public Health Transformation team with experienced professionals and enhances its capabilities in supporting public health agencies. - Deloitte is only acquiring assets related to End Point's CasePointer business. End Point will retain all other aspects of its
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Generation Lab Launches Platform to Measure Aging Speed and Extend Lifespan

by Fred Pennic 06/03/2024 Leave a Comment

Generation Lab Launches Platform to Measure Aging Speed and Extend Lifespan

What You Should Know:  - Generation Lab, a pioneer in the field of longevity, has announced the general availability of its revolutionary platform designed to measurably extend the human lifespan.  - The first-of-its-kind offering provides a comprehensive approach to understanding and managing the aging process, empowering individuals to take control of their health and well-being. Beyond the Hype: Measuring Aging Effectiveness While interest in longevity is growing, the
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Hospitals See Strong Financial Performance in April, Despite Rising Expenses

by Fred Pennic 06/03/2024 Leave a Comment

Hospitals See Strong Financial Performance in April, Despite Rising Expenses

What You Should Know:  - U.S. hospitals and health systems continued to experience positive financial performance in April, with patient demand and revenues rising for the 12th consecutive month, according to new data from Strata Decision Technology. - While hospitals and health systems experienced positive financial performance in April, rising expenses remain a concern. Continued monitoring of these trends will be crucial for understanding the overall health of the healthcare
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J.D. Power Study Reveals Growing Gap in Commercial Health Plan Satisfaction

by Fred Pennic 06/03/2024 Leave a Comment

J.D. Power Study Reveals Growing Gap in Commercial Health Plan Satisfaction

What You Should Know:  - The J.D. Power 2024 U.S. Commercial Member Health Plan Study, released, highlights a significant gap in customer satisfaction between different health insurance providers. While overall satisfaction has increased slightly, the difference between the top and bottom-ranked plans has widened significantly. - The study, now in its 18th year, surveyed nearly 30,000 commercial health plan members across 22 regions. It measures satisfaction based on eight core
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Weave Bio Launches for AI-Powered Drug Development, Secures $10M

by Fred Pennic 05/30/2024 Leave a Comment

Weave Bio Launches for AI-Powered Drug Development, Secures $10M

What You Should Know:  - Weave Bio, an AI-native life sciences platform company, announced today the public release of its flagship offering, AutoIND, and $10 million in seed funding co-led by Innovation Endeavors and Magnetic Ventures.  - AutoIND marks a significant advancement in drug development by automating and accelerating the preparation, writing, and review process for Investigational New Drug (IND) applications. Automating the IND Process: A Game-Changer for Drug
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