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Fred Pennic, Editor-in Chief | HIT Consultant

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

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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Carta Healthcare Appoints Brent Dover as New CEO

by Digital Health Executives Hires 12/06/2023 Leave a Comment

Carta Healthcare Appoints Brent Dover as New CEO

What You Should Know: - Carta Healthcare, a health technology company specializing in unlocking the value of clinical data, has announced the appointment of Brent Dover as its new Chief Executive Officer (CEO). - Dover takes over the reins from Matt Hollingsworth, who co-founded Carta Healthcare in 2017 and remains a board member. Hollingsworth will now focus on driving product innovation, business development, and strategic partnerships for the company's market-leading solutions. Brent
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Cleveland Clinic Joins AI Alliance to Advance Open Innovation and Responsible AI Development

by Fred Pennic 12/06/2023 Leave a Comment

Cleveland Clinic Joins AI Alliance to Advance Open Innovation and Responsible AI Development

What You Should Know: - IBM and Meta announced the launch of the AI Alliance, a newly formed group of leading organizations dedicated to fostering open innovation and open science in artificial intelligence with Cleveland Clinic as one of the over 50 Founding Members and Collaborators. - Cleveland Clinic joins IBM, Meta, and other leading organizations in the Alliance's mission to advance responsible AI development and ensure that the benefits of AI are accessible to all. Addressing AI
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CVS Rebrands Health Services Segment, Launches Model for Retail Pharmacy Reimbursement

by Fred Pennic 12/05/2023 Leave a Comment

CVS Rebrands Health Services Segment, Launches Model for Retail Pharmacy Reimbursement

What You Should Know: - CVS Health today hosted its 2023 Investor Day, where the company outlined its strategy for driving reliable, diversified, and accelerating earnings growth while delivering superior care and value to millions of Americans. - The company emphasized its commitment to leveraging its unique combination of assets to enhance its pharmacy and health care benefits businesses, expand its integrated care delivery offerings, and achieve sustainable financial
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Qualtrics and Epic Partner for Integrated Data-Driven Experience

by Fred Pennic 12/05/2023 Leave a Comment

Qualtrics and Epic Partner for Integrated Data-Driven Experience

What You Should Know: - Qualtrics, the pioneer of experience management, and Epic, the leader in comprehensive health record (CHR) technology, have joined forces to revolutionize patient experience. - The EHR integration will seamlessly weave patients' experience data from Qualtrics into their health information in Epic, empowering providers to deliver a more personalized and empathetic healthcare journey. Uniting Patient Experience Data with Health Information This EHR integration
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Withings Launches ScanWatch Nova: A Luxurious Health Scanner on Your Wrist

by Fred Pennic 12/05/2023 Leave a Comment

Withings Launches ScanWatch Nova: A Luxurious Health Scanner on Your Wrist

What You Should Know: - Withings, the pioneer of hybrid smartwatches, unveils its latest innovation: ScanWatch Nova. - This timepiece seamlessly blends cutting-edge health-tracking technology with exquisite diver-style aesthetics, making it the perfect companion for health-conscious individuals who appreciate luxury. A Powerful Health Scan on Your Wrist ScanWatch Nova boasts an array of health-focused features, including: On-demand medical-grade ECG: Monitor your heart
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Absci and AstraZeneca Sign $247M Partnership for AI-Powered Drug Discovery to Fight Cancer

by Fred Pennic 12/04/2023 Leave a Comment

Absci and AstraZeneca Sign $247M Partnership for AI-Powered Drug Discovery to Fight Cancer

What You Should Know: - Absci Corporation (ABSI), a pioneer in using generative AI to discover antibodies, and AstraZeneca, a global biopharmaceutical leader, announced a collaboration today to develop an AI-designed antibody for cancer. - This partnership combines Absci's cutting-edge Integrated Drug Creation™ platform with AstraZeneca's oncology expertise, aiming to accelerate the discovery of a potential new cancer treatment. Absci's AI Engine Takes the Lead Absci will leverage
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Intuitive Ventures Closes $150M Fund to Fuel Revolution in Minimally Invasive Care

by Fred Pennic 12/04/2023 Leave a Comment

Intuitive Ventures Raises $150M to Fuel Revolution in Minimally Invasive Care

What You Should Know: - Intuitive Ventures, an early-stage venture capital fund dedicated to reimagining minimally invasive care, announced the close of its second fund at $150M. - The funding signifies their unwavering commitment to supporting visionary founders who are transforming healthcare through precision diagnostics, secure digital ecosystems, and improved access to coordinated care. Building on a Strong Foundation In 2020, Intuitive Ventures launched its inaugural fund of
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Potrero Medical Files for Chapter 11 Bankruptcy, Aims to Reorganize and Refocus on Patient Care

by Fred Pennic 12/04/2023 Leave a Comment

Potrero Medical Files for Chapter 11 Bankruptcy, Aims to Reorganize and Refocus on Patient Care

What You Should Know: - Potrero Medical, Inc., a company developing innovative solutions for monitoring and improving kidney health, announced today it has filed for Chapter 11 bankruptcy. - The restructuring process is expected to be completed within 75 days, according to the company. Potrero believes this strategic move will strengthen its financial footing and enable it to continue its mission of elevating patient care through innovative technologies. Focusing on Patient-Centric
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