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Fred Pennic, Editor-in Chief | HIT Consultant

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

Junction Raises $18M for Modern Healthcare Infrastructure

by Fred Pennic 03/11/2025 Leave a Comment

What You Should Know:  - Junction, a pioneering healthcare infrastructure company raises $18M in Series A funding round ed by Creandum, with participation from Y Combinator, Point Nine, Amino Collective, and Inflect Health. - The investment will accelerate the modernization of healthcare's foundational systems and enable the future of personalized care.  Addressing Healthcare's Infrastructure Problem The healthcare industry is undergoing a paradigm shift, with care
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Knack RCM Acquires PPM Partners, Expanding Expertise in Anesthesia RCM

by Fred Pennic 03/11/2025 Leave a Comment

Knack RCM Acquires PPM Partners, Expanding Expertise in Anesthesia RCM

What You Should Know:  - Knack RCM, a provider of tech-enabled revenue cycle management (RCM) services announced the acquisition of PPM Partners, a RCM provider specializing in the anesthesia sector. Financial details of the acquisition were not disclosed.  - The strategic move strengthens Knack RCM's position as a premier partner for anesthesia practices nationwide and expands its comprehensive suite of RCM solutions. PPM Partners Background Founded in 1991 and based in
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RLDatix Acquires IPeople Healthcare to Enhance EHR Data Accessibility and Patient Safety

by Fred Pennic 03/11/2025 Leave a Comment

RLDatix Acquires IPeople Healthcare to Enhance EHR Data Accessibility and Patient Safety

What You Should Know:  - RLDatix (RLD), a global leader in safety, workforce, and data solutions for healthcare systems, has announced the acquisition of IPeople Healthcare, a provider of business continuity and data accessibility solutions.  - The strategic move strengthens RLDatix's capabilities in ensuring seamless and uninterrupted access to electronic health record (EHR) data for healthcare providers, ultimately enhancing patient safety. IPeople's solutions address a
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Teladoc Health Expands Connected Care Partnerships to Enhance Integrated Virtual Care

by Fred Pennic 03/11/2025 Leave a Comment

Teladoc Health Launches Chronic Condition Management Solution

What You Should Know:  - Teladoc Health announced a significant expansion of its connected care partnerships, adding new categories such as digestive health, centers of excellence, fertility, and family building.  - The expansion strengthens Teladoc Health's integrated care offerings and provides its members with seamless access to a wider range of specialized services. New Partners The expanded partnerships build on Teladoc Health's existing collaborations with Hinge
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Veradigm Payer Insights: Close Care Gaps Directly in EHRs for 3,500+ Practices

by Fred Pennic 03/11/2025 Leave a Comment

Veradigm Payer Insights: Close Care Gaps Directly in EHRs for 3,500+ Practices

What You Should Know:  - Veradigm, a provider of healthcare data and technology solutions, has announced a significant milestone: over 3,500 healthcare practices across the U.S. are now leveraging Veradigm Payer Insights to receive real-time, gaps-in-care alerts directly within their EHRs. This integration with national and regional health plans is optimizing the way providers address patient care gaps. - By embedding actionable insights into providers' daily workflows, Veradigm Payer
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Digital Musculoskeletal Care Hinge Health Files for IPO

by Fred Pennic 03/10/2025 Leave a Comment

Hinge Health, Amazon Partner to Expand Access to Musculoskeletal (MSK) Care

What You Should Know:  - Hinge Health, a digital healthcare company, has announced that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its Class A common stock. - Hinge Health intends to list its Class A common stock on the New York Stock Exchange under the ticker symbol "HNGE." - Morgan Stanley, Barclays, and BofA Securities are acting as lead book-running managers for the proposed
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Patient Concerns Dismissed Named #1 Patient Safety Concern in 2025

by Fred Pennic 03/10/2025 Leave a Comment

Patient Concerns Dismissed Named #1 Patient Safety Concern in 2025

What You Should Know:  - ECRI, a global healthcare safety nonprofit, has identified dismissing patient, family, and caregiver concerns as the most significant threat to patient safety in 2025. - This alarming finding highlights a critical issue where time constraints, resource limitations, and unconscious biases lead to unaddressed patient concerns, potentially resulting in missed diagnoses and delayed treatments. The Prevalence of "Medical Gaslighting" A staggering 94% of
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Healthcare M&A Slowdown 2024: Alvarez & Marsal’s Raheel Khan on Market Challenges & 2025 Outlook

by Fred Pennic 03/10/2025 Leave a Comment

Healthcare M&A Slowdown 2024: Alvarez & Marsal's Raheel Khan on Market Challenges & 2025 Outlook

In 2024, the healthcare mergers and acquisitions (M&A) landscape experienced a notable slowdown, leaving industry stakeholders pondering the contributing factors and anticipating future trends. To shed light on this complex scenario, we sat down with Raheel Khan, Managing Director at Alvarez & Marsal Transaction Advisory Group. With extensive experience advising both buyers and sellers in the healthcare sector, Khan offers valuable insights into the forces shaping M&A activity, the
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Private Equity Acquisition of Walgreens Raises Concerns Over Patient Care and Financial Stability

by Fred Pennic 03/10/2025 Leave a Comment

PE Firm Sycamore Partners Acquires Walgreens in $23.7B Deal

What You Should Know:  - The recent announcement of private equity firm Sycamore Partners' acquisition of national pharmacy giant Walgreens has sparked significant concern, particularly from the nonprofit watchdog Private Equity Stakeholder Project (PESP).  - PESP has released a statement expressing deep wariness about the potential impact of this takeover on patient care, worker safety, and the company's financial stability. PESP's Concerns About Private Equity in
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April Health and Wysa Merge to Transform Behavioral Healthcare Access

by Fred Pennic 03/10/2025 Leave a Comment

April Health and Wysa Merge to Transform Behavioral Healthcare Access

What You Should Know:  - April Health, a provider of integrated behavioral health solutions announced a merger with Wysa, a global leader in AI-powered mental health support.  - The collaboration aims to address the urgent need for accessible and timely mental healthcare by combining human-led care with Wysa's clinically proven AI. Addressing the Mental Health Crisis Access to mental healthcare remains a significant challenge, particularly in underserved areas. Long wait
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