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Fred Pennic, Editor-in Chief | HIT Consultant

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

ConcertAI Acquires CancerLinQ to Expand Real-World Data and AI Solutions for Cancer Care

by Fred Pennic 12/11/2023 Leave a Comment

ConcertAI Acquires CancerLinQ to Expand Real-World Data and AI Solutions for Cancer Care

What You Should Know: - ConcertAI, a developer of AI-powered healthcare solutions, announced today the acquisition of CancerLinQ, a subsidiary of the American Society of Clinical Oncology (ASCO). - This strategic move will significantly enhance and expand CancerLinQ's capabilities, unlocking the potential of real-world data and next-generation AI to revolutionize cancer care and accelerate clinical research. CancerLinQ Background CancerLinQ represents one of the largest oncology
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Biobeat, Current Health Integrate to Advance Remote Patient Monitoring

by Fred Pennic 12/11/2023 Leave a Comment

Biobeat, Current Health Integrate to Advance Remote Patient Monitoring

What You Should Know: - Biobeat, a provider of wearable remote patient monitoring (RPM) solutions, announced plans to integrate with Current Health, Best Buy's care at home platform. - This integration will empower healthcare organizations to scale their RPM capabilities and improve patient care delivery. Key features of the integration partnership include: - Biobeat's wrist and chest monitors will be integrated with Current Health, providing healthcare organizations with a reliable
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Rise of RCM Managed Services: 95% of Healthcare Execs Embrace RCM Outsourcing

by Fred Pennic 12/08/2023 Leave a Comment

Rise of RCM Managed Services: 95% of Healthcare Execs Embrace RCM Outsourcing

What You Should Know: - Ensemble Health Partners, a provider of revenue cycle management services, has released its 2024 Healthcare Business Trends Report, revealing a shift in priorities among healthcare executives. - The report, based on a survey of over 100 senior executives, highlights a growing focus on outsourcing revenue cycle management and leveraging external expertise to drive performance, improve financial health, and achieve long-term growth. 4 Trends Driving the Next 4
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Veradigm Announces Leadership Changes and Ongoing Investigation

by Fred Pennic 12/08/2023 Leave a Comment

Veradigm Invests $30M in Behavioral Health Co. Holmusk

What You Should Know: - Veradigm Inc. announced significant leadership changes and an ongoing investigation into the company's financial reporting. The Audit Committee is conducting an independent investigation relating to the company's financial reporting, internal controls, and disclosure controls. The potential impact on previously reported financial statements is under review. - The Board of Directors has initiated a search process for a permanent CEO and CFO. The company previously
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Fraser Health Deploys Generative AI for MEDITECH Expanse EHR

by Fred Pennic 12/08/2023 Leave a Comment

Fraser Health Deploys Generative AI for MEDITECH Expanse EHR

What You Should Know: - Fraser Health Authority, a healthcare organization in Canada, is set to become one of the first health systems worldwide to deploy generative AI for clinical documentation. - This innovative initiative utilizes Google Cloud's Vertex AI and large language models (LLMs) to automatically generate initial drafts of hospital course narratives at the time of discharge, significantly reducing the time burden on clinicians and improving the efficiency of discharge
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R1 RCM Acquires Acclara for $675M, Secures 10-Year RCM Partnership with Providence Health System

by Fred Pennic 12/08/2023 Leave a Comment

R1 RCM Acquires Acclara for $675M, Secures 10-Year RCM Partnership with Providence Health System

What You Should Know: - R1 RCM Inc. (NASDAQ: RCM), a provider of technology-driven solutions for healthcare providers, announced a significant strategic partnership involving the acquisition of Acclara and a 10-year revenue cycle management agreement with Providence, one of the nation's largest health systems. - The acquisition of Acclara for $675M in cash and warrants will bolster R1's offerings and position it as the "trusted partner of choice" in comprehensive revenue cycle management.
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Clarify Health CEO Dr. Jean Drouin Steps Down as CEO, Terry Boch Takes the Helm

by Fred Pennic 12/07/2023 Leave a Comment

Dr. Jean Drouin Steps Down as CEO, Terry Boch Takes the Helm

What You Should Know: - Clarify Health Solutions, Inc. ("Clarify"), a healthcare analytics and value-based payment platform company, today announced that Jean Drouin, MD, founder and CEO, has stepped down from his role as CEO with the full support of the board of directors.   - Terry Boch, current chief commercial officer at Clarify, has been named the new CEO. Jean will continue to contribute to Clarify as a board member and senior advisor. Dr. Drouin will remain involved as a board
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b.well Connected Health Appoints Sarah Jones as Chief Outcomes Officer

by Digital Health Executive Appointments 12/07/2023 Leave a Comment

b.well Connected Health Appoints Sarah Jones as Chief Outcomes Officer

What You Should Know: - b.well Connected Health, the leading platform for unified consumer health experiences, announced the appointment of Sarah Jones as its Chief Outcomes Officer. - In this newly created role, Jones will oversee how b.well defines client success and ensures positive patient outcomes are aligned with long-term value for its health system, payer, and technology clients. "Chief Outcomes Officer is not a common role in digital health," said Alicia Raymond, Vice President
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Generative AI in Healthcare: Accuracy/Reliability Cited Biggest Challenge for Providers, KLAS Reports

by Fred Pennic 12/07/2023 Leave a Comment

Generative AI in Healthcare: Accuracy/Reliability Cited Biggest Challenge for Providers, KLAS Reports

What You Should Know:  - KLAS, a leading research and insights firm focusing on healthcare IT, recently released a report exploring the growing adoption and future plans of generative AI in healthcare organizations.  - The report, “Generative AI 2023: What Are Organizations’ Current Adoption & Future Plans?,” is based on the perspectives of 66 healthcare executives, provides valuable insights into the current state and future potential of generative AI in healthcare. What
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Fountain Life Acquires LifeOmic to Optimize Preventative Care

by Fred Pennic 12/06/2023 Leave a Comment

Fountain Life Acquires LifeOmic to Optimize Preventative Care

What You Should Know: - Fountain Life, a leader in advanced diagnostics and preventative healthcare, has acquired LifeOmic, a health data technology company specializing in precision medicine. - This acquisition significantly strengthens Fountain Life's ability to deliver data-driven, proactive healthcare services to its members. Acquisition Optimizes Fountain Life’s Preventative Care Offerings LifeOmic's technology platform will become the backbone of Fountain Life's offerings. The
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