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Fred Pennic, Editor-in Chief | HIT Consultant

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

Exec Hires: Clinical Trials Marketplace SubjectWell Appoints New CEO

by Executive Digital Health Hires 04/06/2023 Leave a Comment

Clinical Trials Marketplace SubjectWell Appoints New CEO

What You Should Know: - SubjectWell, the largest engagement platform for matching patients with chronic health conditions to new care options, announced that clinical industry veteran Fred Martin has joined SubjectWell as CEO. - Fred will joins SubjectWell during a time of growth following the company’s Series B funding in November 2022, with the goal of accelerating technical solutions and building investor relations. Fred Martin Bio Fred brings more than 25 years of experience in
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Northwell Health Inks 7-Year Deal with Philips for Patient Monitoring

by Fred Pennic 04/04/2023 Leave a Comment

Northwell Health Inks 7-Year Deal with Philips for Enhanced Patient Monitoring

What You Should Know: - Today, Northwell Health announced the 7-year agreement with Philips, which will allow the healthcare system to standardize patient monitoring, enhance patient care and improve patient outcomes while driving interoperability and data innovation. This system will allow Northwell to make use of innovative technologies as they evolve and give them the flexibility to scale their patient monitoring seamlessly in tandem with those new systems.  - This agreement
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Siemens Partners with LeanTaaS on Hospital Operational Performance

by Strategic Parnterships 04/04/2023 Leave a Comment

Siemens Partners with LeanTaaS on Hospital Operational Performance

What You Should Know: - Siemens Healthineers and LeanTaaS have entered a strategic partnership to help health systems across the country achieve and sustain peak hospital operational performance. - The Siemens Healthineers network can now deploy system-wide tools designed to optimize capacity supported by the powerful combination of LeanTaaS’ Artificial Intelligence (AI) and Machine Learning (ML) -based predictive and prescriptive analytics solutions and the enterprise-wide management
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Med Device AVS Raises Additional $8.8M for $28.8M Series B

by Fred Pennic 04/04/2023 Leave a Comment

Med Device AVS Raises Additional $8.8M for $28.8M Series B

What You Should Know: - AVS, an early-stage medical device company focused on safely and effectively treating severely calcified arterial disease with its PIVL™ therapy, announced today that it closed an additional $8.8 million in new financing, bringing its Series B round to $28.8 million total. - The funding will continue to support clinical trials for the company’s device for pulsatile intravascular lithotripsy (PIVL) in peripheral cases, while advancing preclinical work for an expanded
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AI-Enabled Butterfly Network Lung Tool Receives FDA Clearance

by Fred Pennic 04/03/2023 Leave a Comment

AI-Enabled Butterfly Network Lung Tool Receives FDA Clearance

What You Should Know: - Today, Butterfly Network announced it received 510(k) clearance from the FDA for a groundbreaking AI-enabled tool named AI-enabled Auto B-line Counter that will help physicians assess adults’ lungs and accelerate providers’ abilities to make informed treatment decisions. Butterfly used data inputs from hundreds of sites across the country to train and develop its AI algorithms, offering potential for a broad and diverse range of age, gender, body mass index, ethnicity,
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Exec Hires: CitiusTech Appoints Rajan Kohli as CEO

by Digital Health Executive Hires 04/03/2023 Leave a Comment

Exec Hires: CitiusTech Appoints Rajan Kohli as CEO

What You Should Know: CitiusTech Healthcare Technology Pvt. Ltd., announced that its Board of Directors has appointed Rajan Kohli, an experienced technology executive as Chief Executive Officer.Mr. Kohli joins CitiusTech from Wipro, a global leader in technology services and solutions, where he spent nearly three decades and was responsible for $6 billion in annual revenues. 
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Medical Coding Market to Reach $15.3B by 2033, Report Finds

by Fred Pennic 04/03/2023 Leave a Comment

Medical Coding Market to Reach $15.3B by 2033, Report Finds

What You Should Know: - The medical coding market is estimated to secure a valuation of $ 6.7B in 2023 and is estimated to rise to $15.3B by 2033 at a CAGR of 8.6% during the 2023 to 2033 forecast period, according to a new Future Market Insights report. - The increasing availability of a large number of medical coding service providers and the rising adoption rate of advanced healthcare solutions like electronic health records (EHRs), revenue cycle management (RCM) software, and mobile
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VIVE 2023: 6 Digital Health Executives Share Their Key Takeaways

by Fred Pennic 03/31/2023 Leave a Comment

ViVE 2023 Executive Takeaways

A common thread throughout my conversations at ViVE was the increased competition for health consumers. Larger health systems are continuing to be fragmented by smaller specialties, like Northwell Health, which reported their outpatient care volumes are continuing to rise. Free-standing surgery centers, ER, urgent care, primary care, imaging centers and so on, are monitoring large healthcare systems looking for ways to extract the most profitable arms and business from them. As this continues to
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Kahun Integrates AI Physician Chatbot with ChatGPT

by Fred Pennic 03/31/2023 Leave a Comment

Kahun Integrates AI Physician Chatbot with ChatGPT

What You Should Know: - Kahun, an evidence-based clinical reasoning tool for physicians announced it is integrating its AI chatbot for physicians with ChatGPT, an open-source AI chatbot platform to build on the advanced Large Language Model’s (LLM) ability to engage in human-like conversation with patients. - By integrating ChatGPT, Kahun builds on the language model’s text fluency to boost patient engagement pre-visit, cutting the time needed for the healthcare provider to conduct the
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Inato Raises $20M to Make Clinical Trials More Inclusive

by Fred Pennic 03/29/2023 Leave a Comment

Inato Raises $20M to Make Clinical Trials More Inclusive

What You Should Know: - Inato, a technology platform that connects pharma companies (trial sponsors) with community-based trial sites raises $20M in new funding (A2) led by Cathay Innovation with participation from existing investor Obvious Ventures and new investors La Maison and Top Harvest Capital. Inato works with many of the top 30 pharmaceutical companies worldwide to make clinical trials more inclusive. - The new funding will fuel Inato’s continued product innovation, international
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