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Fred Pennic, Editor-in Chief | HIT Consultant

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

Humana Becomes First Insurer to Cover TMS Therapy for Adolescent Depression

by Fred Pennic 05/20/2024 Leave a Comment

Humana Becomes First Insurer to Cover TMS Therapy for Adolescent Depression

What You Should Know:  - Neuronetics, Inc. and Humana announce a significant step forward in adolescent mental healthcare. This collaboration offers new hope for young people struggling with major depressive disorder (MDD) by making transcranial magnetic stimulation (TMS) therapy more accessible. - Humana, a health insurance provider, has become the first commercial payer to update its policy in response to the FDA's recent clearance of NeuroStar TMS for adolescents aged 15-21 with
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Implicity Launches FDA-approved Heart Failure Prediction Algorithm, SignalHF

by Fred Pennic 05/17/2024 Leave a Comment

Implicity Launches FDA-approved Heart Failure Prediction Algorithm, SignalHF

What You Should Know:  - Implicity, a leader in remote patient monitoring and cardiac data management, has received FDA 510(k) clearance for SignalHF1, a groundbreaking new algorithm within their remote monitoring solution.  - SignalHF1 algorithm empowers early detection and intervention, paving the way for improved patient outcomes and a brighter future for cardiac care. Leveraging Big Data for Better Heart Care Implicity holds a unique distinction as the first private
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Daffodil Health Secures $4.6M for AI-Powered Healthcare Pricing & Admin Solution

by Fred Pennic 05/16/2024 Leave a Comment

Daffodil Health Secures $4.6M for AI-Powered Healthcare Pricing Solution

What You Should Know:  - Daffodil Health, a healthcare technology company, has secured $4.6M in seed funding to tackle the multi-billion dollar problem of wasted healthcare administrative costs led by Maverick Ventures with participation from Epic Ventures. - Daffodil Health is the brainchild of a team with over 100 years of combined experience in healthcare and technology, from companies like MultiPlan, Google, and McKinsey. They recognize the urgent need to overhaul the current
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Exo Works® Connect Simplifies Point-of-Care Ultrasound Implementation

by Fred Pennic 05/16/2024 Leave a Comment

Exo Works® Connect Simplifies Point-of-Care Ultrasound Implementation

What You Should Know:  - Exo (pronounced “echo”), a leader in medical imaging software and devices, announces Exo Works® Connect. The tailored solution streamlines the implementation and adoption of point-of-care ultrasound (POCUS) programs for healthcare organizations.  - Designed with caregiver needs in mind, Exo Works Connect empowers hospitals, clinics, medical schools, and master's level programs to overcome POCUS implementation challenges while ensuring security,
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Accenture Backs Turbine’s AI-Powered Platform to Accelerate Drug Discovery

by Fred Pennic 05/16/2024 Leave a Comment

Accenture Backs Turbine's AI-Powered Platform to Accelerate Drug Discovery

What You Should Know:  - Accenture Ventures, the venture capital arm of Accenture, has announced a strategic investment in Turbine, a company pioneering the use of predictive cell simulations for drug development.  - The investment aims to empower Turbine in extending its innovative technology to global biopharmaceutical companies seeking to unlock hidden biological insights and accelerate crucial drug development processes. Optimizing Drug Discovery with Simulated
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Manifold Gears Up for Growth with Leadership Team Expansion

by Executive Hires 05/16/2024 Leave a Comment

Manifold Gears Up for Growth with Leadership Team Expansion

What You Should Know:  - Manifold, a leading AI-powered clinical research platform, strengthens its leadership team with industry veterans following a successful $15M Series A funding round.  - The strategic expansion aims to accelerate Manifold's mission to automate manual workflows in clinical research, alongside esteemed partners like Indiana University Melvin and Bren Simon Comprehensive Cancer Center and Winship Cancer Institute of Emory University. Building a Team for
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Kyruus Health Expands National Provider Network to Include Virtual Behavioral Health Providers

by Fred Pennic 05/16/2024 Leave a Comment

Kyruus Health Expands National Provider Network to Include Virtual Behavioral Health Providers

What You Should Know:  - Kyruus Health, a leader in care access platforms, has announced a significant expansion of the Kyruus Network by integrating virtual behavioral health providers.  - The Kyruus Network enables health plans to expand their dataset, close care gaps, and boost access by making the provider directory actionable.  The Need for Action The need for accessible behavioral healthcare is undeniable. A survey by the American Psychological Association
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WakeMed to Deploy Regard’s AI Clinical Automation Platform Across Enterprise

by Fred Pennic 05/15/2024 Leave a Comment

WakeMed to Deploy Regard’s AI Clinical Automation Platform Across Enterprise

What You Should Know:  - WakeMed Health & Hospitals and Regard today announced a 3-year enterprise agreement to deploy Regard’s AI clinical automation tool to the system’s 3 acute care hospitals by the end of 2024. Regard will allow for improved documentation quality, and in turn, decrease physician burnout and improve patient care.  - The deployment of Regard’s AI-powered clinical automation platform aims to enhance documentation quality, reduce physician burden, and
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Transcarent Launches AI-Powered WayFinding for Personalized Healthcare Navigation

by Fred Pennic 05/15/2024 Leave a Comment

Transcarent Launches AI-Powered WayFinding for Personalized Healthcare Navigation

What You Should Know:  - Transcarent, a company dedicated to simplifying healthcare navigation, has launched WayFinding, a platform seamlessly combining AI and human support to guide users through their health journeys.  - WayFinding integrates benefits navigation, clinical guidance, and care delivery into a single, user-friendly platform. Addressing the Confusion Gap WayFinding tackles the major challenge of navigating the complexities of healthcare. With over 50% of
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Hospitals Grapple with Payment Delays, Two-Midnight Rule Expansion, and Outpatient Surgery Surge

by Fred Pennic 05/15/2024 Leave a Comment

Hospitals Grapple with Payment Delays, Two-Midnight Rule Expansion, and Outpatient Surgery Surge

-  Hospitals and health systems nationwide saw a sizable increase in delayed or missing payments in the first quarter, due in part to a recent, large-scale disruption to payment processing services, according to a new report from Strata Decision Technology.  - The report, leveraging data from Strata's extensive healthcare databases, unveils trends impacting hospitals, insurers, and patients alike. Delayed Payments Disrupt Revenue Streams A significant finding concerns a surge
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