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Fred Pennic, Editor-in Chief | HIT Consultant

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

UnitedHealthcare Launches No Deductible Health Plan, Surest

by Fred Pennic 10/06/2023 Leave a Comment

UnitedHealthcare Launches No Deductible Health Plan, Surest

What Should Know:  - UnitedHealthcare has announced the Surest™ health plan leads to more preventive care, improves satisfaction and lowers costs for members and employers.   - UnitedHealthcare’s Surest, which eliminates deductibles and offers upfront pricing information to people in advance of treatment, helps members more frequently access preventive care services and lower out-of-pocket costs, according to recent data.  - Hundreds of employers with a combined
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Expectation vs. Reality: Improving the Patient Payment Experience

by Ryne Natzke, Chief Revenue Officer, TrustCommerce, a Sphere Company 10/06/2023 Leave a Comment

If you’ve ever worked behind the scenes at a provider organization, you likely gained a deep understanding of what makes medical practices tick, giving you the ability to make fairly accurate assumptions about how patients will probably behave in different scenarios. However, when it comes to the patient payment experience, inevitably some patients respond differently than expected. Seasoned healthcare workers have likely experienced a number of common misconceptions about patients’
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Ounce Raises $5.2M to Bridge the Gap Between Housing and Health

by Fred Pennic 10/05/2023 Leave a Comment

Ounce Raises $5.2M to Bridge the Gap Between Housing and Health

What You Should Know:  - Ounce, a company bridging the gap between health and housing has raised a $5.2M seed round co-led by Meridian Street Capital and Flare Capital Partners with participation from Chelsea Clinton’s Metrodora Ventures Wilshire Lane Capital, Chris Nassetta (Hilton CEO), Taylor Justice (Unite Us cofounder), and others. - Ounce Community Health Workers (CHW) currently serve more than 2,000 D.C. residents, helping them enroll in Medicaid, apply for energy assistance,
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Medable & Pluto Health Partner to Increase Patient Access to Clinical Trials

by Fred Pennic 10/04/2023 Leave a Comment

Medable & Pluto Health Partner to Increase Patient Access to Clinical Trials

What You Should Know:  - Medable Inc., a technology provider for modern clinical trials forms an enterprise partnership with Pluto Health, a smart care coordination services company.  - The partnership brings together two best-in-class technology solutions in healthcare to streamline clinical trial execution, improve data quality in trials, and enhance the patient experience from study start and long after the trial is over.  Optimize Patient Experience and Improve Access
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7wireVentures Launches $217M Growth & Opportunity Fund to Support Later-Stage Digital Health Investments

by Fred Pennic 10/03/2023 Leave a Comment

7wireVentures Launches $217M Growth & Opportunity Fund

What You Should Know:  - 7wireVentures, one of the country’s leading digital health venture capital firms, today announced the successful completion of a $217 million Growth & Opportunity “GO” Fund, its largest to date.  - The new venture fund will support later-stage digital health investments in high-potential companies from existing portfolios as well as new opportunities. The closing of the $217M GO Fund brings the Firm’s assets under management (AUM) to over $500M. GO
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M&A: AHIMA Acquires HCPro

by Fred Pennic 10/03/2023 Leave a Comment

M&A: AHIMA Acquires HCPro

What You Should Know:  - The American Health Information Management Association (AHIMA) today announced that it acquired HCPro and its associated brands from Simplify Compliance. The strategic acquisition broadens the reach of both organizations.   - AHIMA will operate HCPro as a for-profit, wholly-owned subsidiary, enabling the organization to remain focused on caring for its clients.   HCPro Background HCPro is an industry leader in integrated information,
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Veradigm Invests $30M in Behavioral Health Co. Holmusk

by Fred Pennic 10/03/2023 Leave a Comment

Veradigm Invests $30M in Behavioral Health Co. Holmusk

What You Should Know:  - Veradigm Inc. (NASDAQ: MDRX), a  provider of healthcare data and technology solutions, announced it has made a $30M strategic investment in Holmusk, a global behavioral  health real-world evidence company. The strategic investment builds on the strengths of each company to fuel innovation in behavioral health and create the evidence needed to move the field forward.  - In this new phase of the collaboration, cohorts of millions of behavioral
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Anumana Receives FDA Clearance for ECG-AI Algorithm to Detect Low Ejection Fraction

by Fred Pennic 10/02/2023 Leave a Comment

Anumana Receives FDA Clearance for ECG-AI Algorithm to Detect Low Ejection Fraction

What You Should Know: Today, Anumana, a nference portfolio company working in collaboration with Mayo Clinic, announced it has received its first 510(k) clearance from the U.S. FDA for its ECG-AI LEF algorithm. - ECG-AI LEF is Anumana’s artificial intelligence (AI)-powered algorithm to detect low left ventricular ejection fraction, a significant early indicator of heart failure. Anumana’s ECG-AI LEF Background Developed in partnership with Mayo Clinic, Anumana’s
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Report: Hospital Financial Performance Stabilizing in 2023

by Fred Pennic 10/02/2023 Leave a Comment

Report: Hospital Financial Performance Stabilizing in 2023

What You Should Know: - Hospital financial performance has stabilized in 2023 compared to last year, according to the latest National Hospital Flash Report from Kaufman Hall. - The latest Hospital Flash Report finds the median calendar year-to-date (CYTD) operating margin index for hospitals was 1.1% in August, up from 0.9% in July. Margins are still below historical levels, though positive margins are becoming more frequent in 2023. Some Relief for Hospitals Amid Inflationary
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Mayo Clinic, Phenomix Awarded First Patent for Obesity Phenotyping

by Fred Pennic 09/29/2023 Leave a Comment

Mayo Clinic, Phenomix Awarded First Patent for Obesity Phenotyping

What You Should Know:   - Phenomix Sciences, a precision medicine biotechnology company that brings data-driven precision medicine to obesity treatment, announced it has been awarded the first patent related to its obesity phenotyping technology.  - The patent (No. 11,740,247, titled “Methods and Materials for Assessing and Treating Obesity”) covers methods for treating obesity by identifying phenotypes through obesity analyte signatures and administering interventions, such
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