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Fred Pennic, Editor-in Chief | HIT Consultant

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

Transcarent Secures $126M to Expand Employer-Sponsored Healthcare

by Fred Pennic 05/02/2024 Leave a Comment

Transcarent Secures $126M to Revolutionize Employer-Sponsored Healthcare

What You Should Know: - Transcarent, a platform simplifying health and care for employers and individuals, secures $126 million in a Series D funding round led by General Catalyst and 7wireVentures.  - The latest funding brings Transcarent's total funding to approximately $450M at a valuation of $2.2B. A One-Stop Solution for Employer-Sponsored Healthcare Transcarent's industry-leading platform streamlines healthcare access for both employers and employees. It is the only
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Karius Secures $100M to Expand Non-Invasive Pathogen Blood Test

by Fred Pennic 05/02/2024 Leave a Comment

Karius Secures $100M to Expand Non-Invasive Pathogen Blood Test

What You Should Know: -  Karius®, a leader in genomic diagnostics for infectious disease, announced today the closing of a $100 million Series C funding round.  - Co-led by Khosla Ventures and newcomers 5AM Ventures and Gilde Healthcare, the funding round also saw participation from existing investors like Softbank Vision Fund 2 and General Catalyst.   - This significant investment fuels Karius' mission to revolutionize infectious disease diagnosis by expanding
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Livara Health Secures $15M to Expand Value-Based Musculoskeletal Care Solutions

by Fred Pennic 05/02/2024 Leave a Comment

Livara Health Secures $15M to Expand Value-Based Musculoskeletal Care Solutions

What You Should Know:  - Livara Health, a leading provider of value-based musculoskeletal (MSK) management solutions, raises $15M in Series B funding led by A1 Health Ventures.  - Existing investors Polaris Partners, Providence Ventures, Martin Ventures, and a new strategic investor also participated in the round. Livara Health: A Leader in Value-Based MSK Care Livara Health (formerly SpineZone) offers a comprehensive value-based MSK management solution. Through a
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How Digital Health and Cryptocurrency are Transforming Modern Therapies

by Fred Pennic 05/02/2024 Leave a Comment

How Digital Health and Cryptocurrency are Transforming Modern Therapies

The collaboration between digital health and online gaming is unexpectedly proving to be impactful. Digital health platforms, enhancing accessibility and customization of healthcare treatments, are at the forefront of this change. Meanwhile, gaming platforms that support bitcoin esports betting offer users the chance to engage in casino-style games and earn cryptocurrency, reshaping our perception of gaming's role in health and well-being. Therapeutic Value of Game-Based
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3 Critical Vulnerabilities Found in Merge DICOM Toolkit

by Fred Pennic 05/02/2024 Leave a Comment

3 Critical Vulnerabilities Found in Merge DICOM Toolkit

What You Should Know: - Security researchers at Nozomi Networks Labs identified three vulnerabilities in the Merge DICOM Toolkit C/C++ SDK (versions prior to v5.18).  - These vulnerabilities could be exploited by attackers to crash medical imaging systems through seemingly harmless actions like opening a DICOM file or processing network data. The Importance of the Merge DICOM Toolkit In the world of medical imaging, the Merge DICOM Toolkit plays a vital role. This software library
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NCPA Renews Recommendation of Prescryptive AI Pricing: Empowering Pharmacies with AI-Driven Cash Pricing

by Fred Pennic 05/02/2024 Leave a Comment

NCPA Renews Recommendation of Prescryptive AI Pricing: Empowering Pharmacies with AI-Driven Cash Pricing

What You Should Know: - Prescryptive Health, a leading healthcare technology company, today announced the National Community Pharmacists Association's (NCPA) renewed endorsement of Prescryptive AI Pricing.  - Prescryptive AI Pricing creates a dynamic and competitive cash pricing system, enabling independent pharmacies to thrive in the ever-evolving healthcare landscape. This AI-powered solution empowers independent pharmacies to optimize cash pricing and enhance their competitive
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Quest Diagnostics to Acquire PathAI Diagnostics to Accelerate AI and Digital Pathology Adoption in Cancer Diagnosis

by Fred Pennic 05/01/2024 Leave a Comment

Quest Diagnostics to Acquire PathAI Diagnostics to Accelerate AI and Digital Pathology Adoption in Cancer Diagnosis

What You Should Know:  - Quest Diagnostics today announced it will acquire key assets of PathAI Diagnostics, including its state-of-the-art digital pathology laboratory in Memphis, Tennessee.  - As part of the acquisition, this facility will become Quest's AI and digital R&D center, supporting its pathology businesses, AmeriPath, and Dermpath Diagnostics. Digital Pathology and AI Integration Quest will license PathAI's AISight™ digital pathology system and AI
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Trovo Health Launches with $15M for AI-Powered Intelligent Assistants

by Fred Pennic 05/01/2024 Leave a Comment

Trovo Health Launches with $15M for AI-Powered Intelligent Assistants

What You Should Know:  - Trovo Health, a groundbreaking healthcare technology company, announced today its official launch and a $15 million Series A funding round led by Oak HC/FT.  - Trovo's mission is to revolutionize patient care by equipping providers with an AI-powered platform backed by a multidisciplinary care team. Empowering Providers to Deliver Exceptional Care Trovo's innovative platform addresses a critical need in healthcare: empowering physicians and other
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Walmart Shutters All 51 Health Centers, Telehealth Offering Citing “Escalating Operating Costs”

by Fred Pennic 04/30/2024 Leave a Comment

Walmart Expands Partnership with Inovalon for Complete View of Patient Journey

What You Should Know:  - Walmart announced today the difficult decision to close all 51 Walmart Health centers and discontinue its virtual care offering. This comes after five years of operation for the health centers. - The company cited a "challenging reimbursement environment and escalating operating costs" as reasons for the closure. This highlights the difficulty of establishing a profitable healthcare business model, especially in the current environment. Priority Shift on
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Nicklaus Children’s Health System and Philips Ink 10-Year Partnership

by Fred Pennic 04/30/2024 Leave a Comment

What You Should Know:  - Philips and Nicklaus Children's Health System, a leader in pediatric care, announced a groundbreaking 10-year collaboration focused on enhancing patient and staff experiences, improving outcomes, and driving innovation in pediatric care. - As part of the partnership, Nicklaus Children's will be the first to adopt the virtually helium-free Philips Ambition X MR scanner. This innovative technology eliminates the need for ongoing helium refills, a significant
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