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Fred Pennic, Editor-in Chief | HIT Consultant

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

Samsung EVP Outlines Vision for Digital Health and Wellness

by Fred Pennic 08/03/2022 Leave a Comment

Samsung EVP Outlines Vision for Digital Health and Wellness

What You Should Know: - This week, TaeJong Jay Yang, EVP and Head of Health R&D for Samsung outlined the company’s vision health and wellness. - Samsung’s health and wellness vision is focused on setting new standards for health experiences through our Galaxy Watch series, and across our broader product portfolio.  Pillars of Samsung’s Health & Wellness Vision Samsung has established three key pillars to help consumers reach their own goals:  1.
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Adventist HealthCare to Deploy Innovaccer Health Cloud for Value-Based Whole-Person Care

by Fred Pennic 08/03/2022 Leave a Comment

Adventist HealthCare to Deploy Innovaccer Health Cloud for Value-Based Whole-Person Care

What You Should Know:  -  Adventist HealthCare has selected Innovaccer Inc., the Health Cloud company to be their next-generation population health management and value-based care partner.  - Innovaccer will help Advent HealthCare create a unified data platform to help deliver deeper insights into community health and network operations.  Supporting Value-Based Whole-Person Care One of the longest-serving health systems in the Washington, D.C. region, and one of
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ResMed Acquires Digital Therapeutics App for Insomnia

by Fred Pennic 08/02/2022 Leave a Comment

ResMed Acquires Digital Therapeutics App for Insomnia

What You Should Know: - Today ResMed, a provider of digital health solutions for sleep and respiratory care, acquires Germany-based mementor, the maker of somnio, which provides a digital solution for treating insomnia and marks ResMed’s first foray into the digital therapeutics space.  - Founded in 2014, somnio is Germany’s first and only permanently approved Digital Health Application (DiGA) in the field of sleep medicine and thus eligible for reimbursement in
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Lyniate Acquires CareCom to Expand Semantic Interop Capabilities

by Fred Pennic 08/02/2022 Leave a Comment

Lyniate Acquires CareCom to Expand Semantic Interop Capabilities

What You Should Know: - Lyniate, a global leader in healthcare data interoperability acquires CareCom, a provider of  semantic interoperability. This acquisition builds on Lyniate’s recent merger with NextGate, a longtime leader in patient identity management. - The combined organization will better support healthcare organizations in converting unstructured content into standardized data to help them assemble and manage more complete and accurate patient
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Digital Pharmacies 2022: Disruptors or Just Another Delivery Channel?

by Fred Pennic 08/02/2022 Leave a Comment

Digital Pharmacies 2022: Disruptors or Just Another Delivery Channel?

New Insider Intelligence report highlights the current state of digital pharmacies in 2022 along with the challenges and digital opportunities for online pharmacies to appeal to consumers. With cost and convenience at the forefront of consumer spending decisions and US prescription drug spending continuing to rise through 2026 to an estimated $730.50 billion, winners will offer consumers more robust online resources including pricing transparency, discounts, generic options and more
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Zelis Acquires Healthcare Cost Control Provider Payer Compass

by Fred Pennic 08/01/2022 Leave a Comment

Zelis Acquires Healthcare Cost Control Provider Payer Compass

What You Should Know: - Healthcare payments company Zelis today announced an agreement to acquire Payer Compass, a healthcare provider of reimbursement and claims pricing, administration, and processing solutions. Financial terms of the transaction were not disclosed. - Through the acquisition, Zelis will integrate Payer Compass into its existing solution suite to further help clients and their members manage rising healthcare costs and establish more transparent and affordable
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Hospital Margins are Still in the Red Halfway Through 2022

by Fred Pennic 08/01/2022 Leave a Comment

Hospital Margins are Still in the Red Halfway Through 2022

What You Should Know: - U.S. hospitals, health systems, and physician practices continue to face historically high operating expenses that increased patient volumes and revenues could not counteract, leading to negative margins for the sixth straight month in 2022, according to data from Kaufman Hall’s National Hospital Flash Report and Physician Flash Report. - The median Kaufman Hall year-to-date operating margin index for hospitals was -0.09% through June, for a sixth
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Analysis: 2022 Semi-Annual Health IT Market Review

by Healthcare Growth Partners 07/29/2022 Leave a Comment

HGP Releases its July 2022 Semi-Annual Health IT Market Review

Executive Summary Act III of COVID: Navigating the Crosscurrents of Post-Inflation 2022 ushered in Act III of the market’s latest transitionary period: The Post-Inflation Era. Since 2008, the US economy functioned with remarkably low inflation and interest rates. As the cost of capital went lower and lower during the decade, valuations steadily rose. Between 2010 and 2020, the NASDAQ experienced a 17.1% annual growth rate, with no small share of the growth a result of expanding valuation
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AmerisourceBergen Launches EHR-Integrated Digital Therapeutics Platform

by Fred Pennic 07/29/2022 Leave a Comment

AmerisourceBergen Launches EHR-Integrated Digital Therapeutics Platform

What You Should Know: This week, AmerisourceBergen announced plans to launch DTx Connect, a fully integrated ordering, dispensing and fulfillment platform that aims to facilitate patient access to physician-ordered digital therapeutics and diagnostics. - Several developers plan to pilot DTx Connect, which aims to reduce barriers that physicians and patients face across the ordering and fulfillment of digital therapeutics and diagnostics. Digital Therapeutics Market
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ClaimLogiq Acquires SyTrue for Better Clinical, Coding, & Medical Reviews

by Fred Pennic 07/27/2022 Leave a Comment

SyTrue

What You Should Know: - Payment integrity tech provider ClaimLogiq acquires SyTrue, a provider of healthcare natural language processing (NLP) technology. Financial details of the acquisition were not disclosed. - The acquisition combines the premier payment integrity platform with the leading NLP technology solution to transform how health plans address payment integrity, risk adjustment and data management. By combining their technologies, the market will have a new seamless and cohesive
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