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Fred Pennic, Editor-in Chief | HIT Consultant

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

Amazon to Acquire One Medical for $3.9B

by Fred Pennic 07/21/2022 Leave a Comment

Amazon to Acquire One Medical for $3.9B

What You Should Know: Today Amazon and One Medical announced that they have entered into a definitive merger agreement under which Amazon will acquire One Medical. Under terms of the agreement, Amazon will acquire One Medical for $18 per share in an all-cash transaction valued at approximately $3.9 billion, including One Medical’s net debt. One Medical Background One Medical is a human-centered, technology-powered U.S. primary care organization
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Can Health Plans Lead Us Towards Data-Driven Health Equity?

by Jessica Bonham-Werling, Payer and Provider Solutions Marketing at Redox 07/20/2022 Leave a Comment

Can Health Plans Lead Us Towards Data-Driven Health Equity?

The Institute for Healthcare improvement indicates that twice as many healthcare organizations cite health equity as a top priority today when compared to 2019. It may feel like the COVID-19 pandemic just made us collectively realize that health disparities exist, but they have been acknowledged in academic, government, and philanthropic spheres for over 4 decades. While I would love to debate if our collective realization was blissful ignorance or intentional avoidance, I will save those
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Humanity Health Raises $6M to Advance Health Equity Through Inclusive Leadership

by Fred Pennic 07/19/2022 Leave a Comment

Humanity Health Raises $6M to Advance Health Equity Through Inclusive Leadership

What You Should Know: - Humanity Health, a New York City-based career acceleration and talent sourcing platform for underrepresented leaders in healthcare and life sciences, has raised $6 million in Series A funding led by Jumpstart Nova with follow-on participation from Deerfield Management. - Humanity Health will use the new funding to expand its base of C-Suite and executive-level leaders who are members of the Humanity Talent Network Advance health equity and innovation through
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Healthie Raises $16M to Enable Infrastructure Platform for Digital Health Companies

by Fred Pennic 07/19/2022 Leave a Comment

Healthie Raises $16M to Enable Infrastructure Platform for Digital Health Companies

What You Should Know: - Healthie, a New York City-based infrastructure platform for digital health companies raises $16M in an oversubscribed Series A round led by Velvet Sea Ventures with participation from Greymatter Capital, Watershed, Builders VC and a customer syndicate. - Over 60 angels with deep healthcare and tech experience also participated in the financing, including Roushan Zenooz, Executive Chairman of Primary Health, B12 CEO Nitesh Banta, Rafid Fadul, former CMO at Wheel
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Designing Digital Transformation for Life Sciences: Building Resiliency When Disruption is the New Normal

by Dan UpDyke, Strategic Marketing Manager Life Sciences at Rockwell Automation 07/19/2022 Leave a Comment

Designing Digital Transformation for Life Sciences: Building Resiliency When Disruption is the New Normal

The ability to navigate constant disruption is a prerequisite for success in today’s life science industries. To maintain their competitive advantage, businesses in this sector need to drastically boost their organizational agility and resiliency in the face of unprecedented market conditions and operational challenges. In order to achieve this, organizational digital transformation (DX) is necessary. However, with so much in flux, it can be difficult to see the big picture in trying to plan and
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Executive Roundtable: Can Innovation Alleviate Clinician Burnout?

by Fred Pennic 07/18/2022 Leave a Comment

Physician Burnout Report: Understanding The Impact of Burnout on Healthcare Executives

The U.S. Surgeon General’s recent advisory about clinician burnout cited numerous societal, cultural, structural, and organizational causes—including excessive workloads, administrative burden, and lack of organizational support. The potential fallout of this trajectory is alarming: The advisory cites the Association of American Medical Colleges’ estimate on clinician demand outpacing supply, with an anticipated shortage of between
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Sutter Health Signs 10-Year Contract with R1 RCM for End-to-End RCM

by Fred Pennic 07/18/2022 Leave a Comment

What You Should Know: - Sutter Health, a not-for-profit integrated health system that provides high-quality care across Northern California has signed a 10-year agreement with R1 RCM to serve as their exclusive provider of enterprise revenue cycle management services. - The parties believe that the partnership will help improve Sutter’s overall financial performance with an estimated $400M in cost savings over the next 10 years, helping Sutter achieve more sustainable labor costs and
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Northwell Health Selects Google Cloud to Accelerate Digital Transformation

by Fred Pennic 07/14/2022 Leave a Comment

Google Cloud

What You Should Know: - Northwell Health, New York State's largest health care provider and private employer, and Google Cloud today announced a collaboration to improve patient care, clinician experiences, and to help the health and hospital network operate more efficiently.  - Privacy and security will be of the utmost importance in all aspects of this digital transformation. Through the implementation of Google Cloud's reliable infrastructure along with Northwell
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Innovaccer Expands into Public Sector to Accelerate Public Health Transformation

by Fred Pennic 07/13/2022 Leave a Comment

Innovaccer Expands into Public Sector to Accelerate Public Health Transformation

What You Should Know:  - Health cloud company Innovaccer Inc, today announced it is expanding into the public sector to improve collaboration between agencies, optimize case management, manage increasingly complex alternative payment models, and improve the individual’s experience through technology.  - The Innovaccer Health Cloud’s Data Activation Platform (DAP) collects, cleans, and connects data, making it available and shareable between systems to accelerate digital
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Geisinger Taps Cohere Health to Streamline Prior Authorizations

by Fred Pennic 07/13/2022 Leave a Comment

Geisinger Taps Cohere Health to Streamline Prior Authorizations

What You Should Know: - Today Geisinger Health Plan (GHP) and Cohere Health, a provider of utilization management (UM) technology, announced they are joining forces to streamline the prior authorization process for providers. - Cohere’s collaborative UM platform will help GHP support value-based care delivery, reduce administrative costs, and lead the nation in aligning quality improvement initiatives across all its lines of business, including
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