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Fred Pennic, Editor-in Chief | HIT Consultant

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

First CPT Code for AI Prostate Cancer Imaging Issued for Avenda Health

by Fred Pennic 11/02/2023 Leave a Comment

First CPT Code for AI Prostate Cancer Imaging Issued for Avenda Health

What You Should Know:  - Avenda Health's AI mapping tool for prostate cancer, Unfold AI™, has received significant recognition by obtaining a new Category III CPT code in the 2024 Current Procedural Terminology (CPT) code set, signifying its status as a cutting-edge medical technology. - The new Category III CPT code, X237T, outlines the tool's capabilities, describing it as a non-invasive prostate cancer estimation map that is derived from an augmented analysis of image-guided fusion
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Walmart Health Expands Affordable Access to Healthcare in Florida

by Fred Pennic 11/01/2023 Leave a Comment

Walmart Health Expands Affordable Access to Healthcare in Florida

What You Should Know:  - Today, Walmart Health announced it is entering into a relationship with both Ambetter from Sunshine Health, which provides insurance to individuals through the Florida health insurance marketplace, and Orlando Health, a private, not-for-profit network of community and specialty hospitals across Florida, through Care Coordination Agreements. - These collaborations will help Floridians gain access to affordable healthcare options with the type of convenience
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5G’s Role in Improving Quality and Reach of Healthcare

by Robin Manke-Cassidy, Director, Solution Marketing at Cradlepoint 11/01/2023 Leave a Comment

In the world of healthcare, new technologies aren’t just about being on the cutting edge of the latest trend. It’s about how technology can improve care and expand the reach of quality care through unprecedented methods. The latest 5G technologies, an increase in IoT devices, and the right network architecture create a perfect innovation combination for today’s healthcare sector. With faster speeds and more connected devices, healthcare professionals will be able to improve — and some already
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M&A: Commure Acquires Mount Sinai Spinoff Rx.Health

by Fred Pennic 11/01/2023 Leave a Comment

M&A: Commure Acquires Mount Sinai Spinoff Rx.Health

What You Should Know:  - Commure, Inc., a healthcare technology company acquires intelligent clinical automation platform Rx.Health and is now part of its suite of solutions as Commure Engage. Financial details of the acquisition were not disclosed.  - Spun out of Mount Sinai Health System, Rx.Health offers a low-code, no-code clinical care coordination platform that helps health systems, payors, and life science organizations streamline their end-to-end patient care efforts,
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Annalise.ai Launches AI-Powered Worklist Triage for Chest X-Ray & Head CTs

by Fred Pennic 11/01/2023 Leave a Comment

Annalise.ai Launches AI-Powered Worklist Triage for Chest X-Ray & Head CTs

What You Should Know:  - Annalise.ai, a global leader in the radiology imaging sector, announced the launch of Annalise Triage, an AI-powered worklist solution for chest X-rays and head CTs tailored specifically for the U.S. market.  - This innovative software will transform the radiology field by empowering radiologists to efficiently triage studies and prioritize those with suspected critical findings, ultimately streamlining their workflow, and supporting faster
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Olive Shutters Business After Sale to Waystar and Humata Health

by Fred Pennic 10/31/2023 Leave a Comment

Olive Secures $400M At A $4B Valuation to Support New Instant Claim Payment Solution

What You Should Know:  - Healthcare automation company Olive today announced it will shut down its business after selling its Clearinghouse and Patient Access business units to Waystar and its Prior Authorization business unit to Humata Health. Olive sold off its utilization management solution and business unit to Availity and business intelligence solution to BurstIQ earlier this year. - Founded in 2012, Olive is a developer of an artificial intelligence workforce, automated
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23andMe Launches Health Action Plan Based on Genetic/Health Data

by Fred Pennic 10/31/2023 Leave a Comment

23andMe Launches Health Action Plan Based on Genetic/Health Data

What You Should Know:  - 23andMe, a genetic health and biopharmaceutical company launched Health Action Plan, a new digital tool for 23andMe+ members that draws on results from genetic reports, health history survey data, as well as blood and biomarker data to provide a uniquely tailored set of health recommendations out of hundreds of options. - Health Action Plan is a helpful first step when it comes to prevention and early risk detection. It offers customers specific actions and
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M&A: Vizient Acquires Physician Preference Card Solution PrefTech OR

by Fred Pennic 10/31/2023 Leave a Comment

M&A: Vizient Acquires Physician Preference Card Solution PrefTech OR

What You Should Know:  - Vizient acquires PrefTech OR, a next-generation, cloud-based preference card management (PCM) software that helps healthcare providers optimize their operating rooms to increase workflow efficiency, lower costs and improve patient care. Financial details of the acquisition were not disclosed.  - PrefTech OR continuously monitors preference card quality, automatically generates actionable guidance and identifies savings opportunities.  Importance
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InfoBionic Partners with Mayo Clinic to Enhance AI Remote Patient Monitoring Platform

by Fred Pennic 10/30/2023 Leave a Comment

InfoBionic Partners with Mayo Clinic to Enhance AI Remote Patient Monitoring Platform

What You Should Know:  - InfoBionic, a digital health company providing AI-powered diagnostic remote patient monitoring solutions has entered into an agreement with Mayo Clinic to incorporate its extensive know-how in cardiac patient monitoring, AI-ECG, and virtual telemetry to optimize and build upon its existing monitoring platform. - The collaboration aims to enhance InfoBionic's current proprietary AI algorithms and analytics capabilities to provide more personalized and
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United Therapeutics to Acquire Miromatrix Medical for $91M

by Fred Pennic 10/30/2023 Leave a Comment

United Therapeutics to Acquire Miromatrix Medical for $91M

What You Should Know: - United Therapeutics Corporation and Miromatrix Medical Inc. announced today a definitive agreement for United Therapeutics to acquire Miromatrix for $91M. - The acquisition of Miromatrix will expand United Therapeutics’ existing complementary platform of organ manufacturing programs, which include ex-vivo lung perfusion, xenotransplantation, 3-D bioprinting, and regenerative medicine approaches with the objective of creating an unlimited supply of tolerable,
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