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Fred Pennic, Editor-in Chief | HIT Consultant

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

Olive Shutters Business After Sale to Waystar and Humata Health

by Fred Pennic 10/31/2023 Leave a Comment

Olive Secures $400M At A $4B Valuation to Support New Instant Claim Payment Solution

What You Should Know:  - Healthcare automation company Olive today announced it will shut down its business after selling its Clearinghouse and Patient Access business units to Waystar and its Prior Authorization business unit to Humata Health. Olive sold off its utilization management solution and business unit to Availity and business intelligence solution to BurstIQ earlier this year. - Founded in 2012, Olive is a developer of an artificial intelligence workforce, automated
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23andMe Launches Health Action Plan Based on Genetic/Health Data

by Fred Pennic 10/31/2023 Leave a Comment

23andMe Launches Health Action Plan Based on Genetic/Health Data

What You Should Know:  - 23andMe, a genetic health and biopharmaceutical company launched Health Action Plan, a new digital tool for 23andMe+ members that draws on results from genetic reports, health history survey data, as well as blood and biomarker data to provide a uniquely tailored set of health recommendations out of hundreds of options. - Health Action Plan is a helpful first step when it comes to prevention and early risk detection. It offers customers specific actions and
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M&A: Vizient Acquires Physician Preference Card Solution PrefTech OR

by Fred Pennic 10/31/2023 Leave a Comment

M&A: Vizient Acquires Physician Preference Card Solution PrefTech OR

What You Should Know:  - Vizient acquires PrefTech OR, a next-generation, cloud-based preference card management (PCM) software that helps healthcare providers optimize their operating rooms to increase workflow efficiency, lower costs and improve patient care. Financial details of the acquisition were not disclosed.  - PrefTech OR continuously monitors preference card quality, automatically generates actionable guidance and identifies savings opportunities.  Importance
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InfoBionic Partners with Mayo Clinic to Enhance AI Remote Patient Monitoring Platform

by Fred Pennic 10/30/2023 Leave a Comment

InfoBionic Partners with Mayo Clinic to Enhance AI Remote Patient Monitoring Platform

What You Should Know:  - InfoBionic, a digital health company providing AI-powered diagnostic remote patient monitoring solutions has entered into an agreement with Mayo Clinic to incorporate its extensive know-how in cardiac patient monitoring, AI-ECG, and virtual telemetry to optimize and build upon its existing monitoring platform. - The collaboration aims to enhance InfoBionic's current proprietary AI algorithms and analytics capabilities to provide more personalized and
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United Therapeutics to Acquire Miromatrix Medical for $91M

by Fred Pennic 10/30/2023 Leave a Comment

United Therapeutics to Acquire Miromatrix Medical for $91M

What You Should Know: - United Therapeutics Corporation and Miromatrix Medical Inc. announced today a definitive agreement for United Therapeutics to acquire Miromatrix for $91M. - The acquisition of Miromatrix will expand United Therapeutics’ existing complementary platform of organ manufacturing programs, which include ex-vivo lung perfusion, xenotransplantation, 3-D bioprinting, and regenerative medicine approaches with the objective of creating an unlimited supply of tolerable,
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Clinician Shortage Worsens Primary Care Crisis, Experts Reveal

by Fred Pennic 10/27/2023 Leave a Comment

Clinician Shortage Worsens Primary Care Crisis, Experts Reveal

What You Should Know: – The U.S. has seen a consistent decline in primary care clinicians since 2014 due to fewer clinicians entering the workforce, increased rates of burnout and decreased direct patient care, according to the latest evidence report from the Primary Care Collaborative and Robert Graham Center. - The report, Health is Primary: Charting a Path to Equity and Sustainability reveals the United States has seen a
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Autonomous Coding Highly Trusted by Healthcare Finance Pros, But Not Well Understood

by Fred Pennic 10/26/2023 Leave a Comment

Autonomous Coding Highly Trusted by Healthcare Finance Pros, But Not Well Understood

What You Should Know: - Autonomous coding enjoys a high level of trust among healthcare finance professionals who use or plan to use the technology, according to new survey from the Healthcare Financial Management Association (HFMA) on behalf of AGS Health. - The survey reveals 45 percent of healthcare financial professionals indicate autonomous coding often works well and 16 percent place their complete trust in it. However, despite its emergence as a powerful tool for streamlining and
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CipherHealth Launches AI Initiative with Google Cloud for Hospital Operations

by Fred Pennic 10/26/2023 Leave a Comment

CipherHealth Launches AI Initiative with Google Cloud for Hospital Operations

What You Should Know: - CipherHealth, a provider of patient-centered engagement launches a new strategic initiative to leverage Google Cloud’s Vertex AI platform to revolutionize hospital operations and patient care. - CipherHealth is building, training, deploying, and managing machine learning and AI models across products and across the spectrum of care. Google Cloud's Vertex AI to Accelerate Development of AI and Machine Learning Models CipherHealth selected Google Cloud to
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Abridge Raises $30M for Generative AI Scribe to Tackle Clinician Burnout

by Fred Pennic 10/26/2023 Leave a Comment

Abridge Raises $30M for Generative AI Scribe to Tackle Clinician Burnout

What You Should Know: - Abridge, a company leading the way in generative AI for healthcare raises $30M in Series B funding led by Spark Capital, along with several leading healthcare innovators, including Mayo Clinic, Kaiser Permanente Ventures, CVS Health Ventures, UC Investments, Lifepoint Health, SCAN Health Plan, and the American College of Cardiology. - Abridge’s generative AI scribe automatically converts a patient-clinician conversation into a structured clinical note draft in
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Talkspace Appoints New Chief Medical Officer

by Fred Pennic 10/25/2023 Leave a Comment

Talkspace Appoints Nikole Benders-Hadi, MD, as Chief Medical Officer

What You Should Know: - Talkspace, an online behavioral health company, announced the appointment of Nikole Benders-Hadi, MD, as Chief Medical Officer. - As CMO, Dr. Benders-Hadi will lead Talkspace's clinical practice, partnering with providers to deliver the highest quality digital mental health care as Talkspace continues to grow and scale. - She will be pivotal in elevating the company's clinical offering, including leveraging clinical data and technology to deliver better patient
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