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Fred Pennic, Editor-in Chief | HIT Consultant

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

M&A: BurstIQ Acquires Olive AI’s Business Intelligence Platform

by Fred Pennic 06/14/2023 Leave a Comment

BurstIQ Acquires Business Intelligence Platform from Olive AI

What You Should Know:  BurstIQ, a provider of data-driven healthcare solutions announced it has acquired Olive AI's business intelligence solution. The acquired solution, now known as LifeGraph Intelligence, further enhances BurstIQ's offerings, revolutionizing how organizations see and use their data. Financial details of the acquisition were not disclosed. The strategic acquisition expands BurstIQ's portfolio of innovative products, reinforcing its commitment to helping healthcare
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Samsung’s Irregular Heart Rhythm Notification Feature Coming This Summer to 13 Markets

by Fred Pennic 06/14/2023 Leave a Comment

Samsung’s Irregular Heart Rhythm Notification Feature Coming This Summer to 13 Markets

What You Should Know:  Samsung announced today that the Irregular Heart Rhythm Notification (IHRN) feature will be available to users in 13 markets starting this summer. Combined with the app’s Electrocardiogram (ECG) [3] monitoring, the IHRN feature, detects heart rhythms suggestive of atrial fibrillation (AFib), helping Galaxy Watch users understand their heart health more comprehensively.According to the American Heart Organization, there will be more than 12 million people living
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Virtual Reality Training for Nurses Solution Launches to Enhance Nursing Education

by Fred Pennic 06/14/2023 Leave a Comment

Virtual Reality Training for Nurses Solution Launches to Enhance Nursing Education

What You Should Know:  Wolters Kluwer Health and Laerdal Medical have officially launched vrClinicals for Nursing. The virtual reality (VR) based learning solution helps address today’s gaps in nursing education and the nursing workforce, allowing students to go from the classroom to a busy hospital ward where they encounter true-to-life challenges such as prioritizing care among multiple patients and the demands of practice.vrClinicals for Nursing was designed with instructors and
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Despite Investment, Digital Health Adoption Remains Low for Health Plan Members

by Fred Pennic 06/12/2023 Leave a Comment

Despite Investment, Digital Health Adoption Remains Low for Health Plan Members

What You Should Know:  Despite investment in digital health tools, health plan member usage remains low, according to the J.D. Power 2023 U.S. Commercial Member Health Plan Study. The J.D. study reveals digital health usage for all tools and support remains below 50%.  Even among the sickest patients, use of online health assessments is 18%; use of chronic disease management tools is 8%; use of online triage and nursing support is 10%; and remote monitoring 6%. U.S.
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Finni Health Raises $3.2M to Improve Access to Autism Care

by Fred Pennic 06/12/2023 Leave a Comment

Finni Health Raises $3.2M to Improve Access to Autism Care

What You Should Know:  Finni Health, a Santa Monica, CA-based company empowering autism care providers to go independent raises $3.2M seed round led by General Catalyst, with participation from YCombinator, Wayfinder Ventures, Andrew Adams (Headway), and Divya Bhatt (Virta). According to the CDC, 1 in 36 kids are diagnosed with autism in the US today, and this is growing at 12% each year. There’s about 40K autism providers in the US, growing 10% year over year, but this is still not
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VP Shares 5 DEI Tips for Health Systems During PRIDE Month

by Fred Pennic 06/12/2023 Leave a Comment

VP Shares 5 DEI Tips for Health Systems During PRIDE Month

  In honor of PRIDE month, Dr. Rhae-Anne Booker, Vice President of Diversity, Equity and Inclusion (DEI) with the University of Michigan Health-West, shares five key DEI tips on why it’s important for health systems to have a plan for treating patients with diverse sexual orientations and gender identities: Understand and respect patients' sexual identities, preferences and preferred pronouns Respecting someone’s identity is one of the quickest and easiest ways to help patients feel
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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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