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Fred Pennic, Editor-in Chief | HIT Consultant

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

Syntax Health Launches with $7.5M to Accelerate Value-based Care Alignment for Healthcare Plans and Providers

by Fred Pennic 06/08/2023 Leave a Comment

What You Should Know:  Syntax Health, Inc., an NYC-based enterprise SaaS-based solution for health plans and providers that accelerates alignment in value-based care (VBC) launches out of Redesign Health with $7.5M in initial funding.Syntax Health’s new dynamic platform removes friction in the contracting process using analytics, infrastructure and a collaborative Virtual Workspace. The team-centric enterprise solution drives transparency, collaboration and consistency, and facilitates
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Google Cloud, Mayo Clinic Partners on Generative AI Focused on Enterprise Search

by Fred Pennic 06/07/2023 Leave a Comment

Google Cloud, Mayo Clinic Collaborate on Generative AI Focused on Enterprise Seach

What You Should Know:  Today, Google Cloud announced a collaboration with Mayo Clinic to transform healthcare with generative AI, starting with enterprise search. Enterprise Search on Generative AI App Builder (Gen App Builder) is designed to improve the efficiency of clinical workflows, make it easier for clinicians and researchers to find the information they need, and ultimately to help improve patient outcomes. In addition, Google Cloud announced today that its Enterprise Search
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Care.ai Partners with Samsung to Power High-Fidelity Virtual Care Experiences

by Fred Pennic 06/07/2023 Leave a Comment

Care.ai Partners with Samsung to Power High-Fidelity Virtual Care Experiences

What You Should Know:  care.ai, an advanced Smart Care Facility Platform partners with Samsung to bring the highest quality graphics and display to care settings, elevating the patient experience by transforming hospitals, nursing homes and care facilities with smarter, more responsive care environments. care.ai can deliver an elevated experience for both clinicians and patients by offering health systems integrated solutions combining care.ai's Smart Care Facility Platform with
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Wolters Kluwer Health Acquires AI Drug Diversion Detection Company Invistics

by Health M&A 06/07/2023 Leave a Comment

Wolters Kluwer Acquires AI Drug Diversion Detection Company Invistics

What You Should Know:  Wolters Kluwer Health today announced the acquisition of Invistics Corporation (Invistics), a U.S.-based provider of cloud-based, AI-enabled software for drug diversion detection and controlled substance compliance. Invistics will join the company’s Clinical Surveillance, Compliance & Data Solutions unit, part of Clinical Solutions. Financial details of the acquisition were not disclosed. Invistics’ solution, Flowlytics, uses predictive analytics to detect
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NYU, NVIDIA Collaborate on Large Language Model to Predict Patient Readmission

by Fred Pennic 06/07/2023 Leave a Comment

NYU, NVIDIA Collaborate on Large Language Model to Predict Patient Readmission

What You Should Know:  Researchers at NYU Langone Health, the academic medical center of New York University, have collaborated with NVIDIA experts to develop a large language model (LLM) that predicts a patient’s risk of 30-day readmission, as well as other clinical outcomes. The LLM was deployed in the healthcare system’s six inpatient facilities, the NYUTron model — featured today in the scientific journal Nature that will provide doctors with AI-driven insights that could help
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M&A: Cardinal Health’s Outcomes to Merge with Transaction Data Systems

by Fred Pennic 06/05/2023 Leave a Comment

M&A: Cardinal Health’s Outcomes to Merge with Transaction Data Systems

What You Should Know:  Cardinal Health today announced it has signed a definitive agreement to contribute its Outcomes™ business to Orlando-based Transaction Data Systems (TDS) in exchange for a minority stake in the combined entity.Under the terms of the merger agreement, Cardinal Health’s pharmaceutical segment CEO, Debbie Weitzman, will be appointed to the TDS board of directors.TDS’s existing portfolio of clinical pharmacy solutions includes the Rx30 and Computer-Rx pharmacy
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Roundups: 10 Recent Digital Health Strategic Partnerships

by Strategic Digital Health Partnerships 06/02/2023 Leave a Comment

Roundups: 9 Recent Digital Health Strategic Partnerships

Flatiron Health has signed a new partnership agreement with the London-based precision medicine software company Lifebit that will enable its researchers to securely access sensitive, real-world data on cancer patients - and hence speed up research and deliver global research improvements in treatments and care. Implementing Lifebit’s pioneering federated Trusted Research Environment technology will enable approved researchers to safely and securely access high-quality real-world data on cancer
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HCP Marketing in the Pharma Industry: A Comprehensive Strategy for Engaging Healthcare Professionals

by Fred Pennic 06/02/2023 Leave a Comment

HCP Marketing in the Pharma Industry: A Comprehensive Strategy for Engaging Healthcare Professionals

HCP marketing, also known as healthcare professional marketing, plays a vital role in the pharmaceutical industry. It focuses on engaging and informing healthcare professionals about pharmaceutical products, treatments, and services. In this article, we will explore the meaning of HCP marketing, its elements, and its significance in the digital era. What is HCP Marketing? HCP marketing refers to the strategic efforts undertaken by pharmaceutical companies to connect with healthcare
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Walmart Raises Pay, Invests in Over 7,000 Pharmacists & Opticians

by Fred Pennic 06/02/2023 Leave a Comment

Walmart Raises Pay, Invests in Over 7,000 Pharmacists & Opticians

What You Should Know: Walmart announced this week it has raised pay for approximately 3,700 pharmacists, raising the average salary for pharmacists to more than $140,000, not including bonuses and incentives. These investments build on the raises for 36,000 pharmacy technicians that took place last year.  Additionally, Walmart will be raising pay for more than 4,000 opticians, bringing the average wage for opticians to be more than $22.50 an hour. Walmart is launching a new
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Somavedic Launches AI-Enabled, Biomarker Analysis App

by Fred Pennic 06/02/2023 Leave a Comment

Somavedic Launches AI-enabled, Biomarker Analysis App

What You Should Know:  Somavedic Technologies (Inc.), makers of the scientifically-studied sleep & well-tech device by the same name, launches Attune Health Mobile App, an AI-enabled, biomarker analysis, offering 100% contactless solution that enables anyone to measure a wide range of vital signs by simply using their smartphone camera.Somavedic aims to empower consumers with the knowledge to make informed wellness decisions through instant and accessible wellness markers delivered
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