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Fred Pennic, Editor-in Chief | HIT Consultant

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

Notable Launches End-to-End Revenue Cycle Workflow Automation Solution

by Fred Pennic 07/14/2021 Leave a Comment

Notable Launches End-to-End Revenue Cycle Workflow Automation Solution

What You Should Know: - Notable, a San Mateo, CA-based intelligent automation company for healthcare has launched expanded capabilities for comprehensive revenue cycle management (RCM) automation. - Unlike traditional point solutions that only automate siloed parts of the revenue cycle, Notable's intelligent automation platform is the only platform that combines robotic process automation (RPA), artificial intelligence (AI), patient engagement, and no-code configurability to provide the
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VisiQuate Lands $50M to Expand AI-Powered RCM Automation Solution

by Fred Pennic 07/13/2021 Leave a Comment

VisiQuate Lands $50M to Expand AI-Powered RCM Automation Solution

What You Should Know: - VisiQuate, Inc., a Santa Rosa, CA-based provider of advanced analytics and AI-powered automation today announced a new $50 million equity investment from Sixth Street Growth. - Founded in 2009, VisiQuate, Inc.’s user-friendly data management and analytics solutions let virtually anyone in a healthcare organization explore complex data from multiple sources to quickly gain insights and create actionable workflows.   - VisiQuate’s artificial intelligence
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Craneware Completes $400M Acquisition of Sentry Data Systems & Agilum

by Fred Pennic 07/13/2021 Leave a Comment

What You Should Know: - Today Craneware, a provider of automated value cycle solutions to the healthcare industry, announced it has completed its $400 million acquisition of Sentry Data Systems, a 340B pharmacy administrator, and its sister company, Agilum Healthcare Intelligence, a pharmacy and financial analytics company. - With the deal, Craneware will serve nearly 40% of U.S. hospitals and more than 10,000 hospitals, clinics and retail pharmacies. It also complements Craneware’s focus on revenue cycle solutions by adding hospital pharmacy, one of the fastest areas of cost growth in hospitals, with minimal overlap in products and services. - Craneware envisions major opportunities to cross-sell within existing client bases — roughly 1,800 hospitals for Craneware and 550 for Sentry — and huge potential to develop new products and solutions, backed by Sentry and Agilum’s unmatched longitudinal database of more than 147 million de-identified patient records. Based in Edinburgh, Scotland, Craneware operates its U.S. headquarters in Atlanta and also has a development office in Wexford, Pa. Sentry and Agilum are based in Deerfield Beach, Fla.

What You Should Know: - Today Craneware, a provider of automated value cycle solutions to the healthcare industry, announced it has completed its $400 million acquisition of Sentry Data Systems, a 340B pharmacy administrator, and its sister company, Agilum Healthcare Intelligence, a pharmacy and financial analytics company. - With the deal, Craneware will serve nearly 40% of U.S. hospitals and more than 10,000 hospitals, clinics
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HCTec Acquires Talon Healthy IT Services to Expand Managed Services Capabilities

by Fred Pennic 07/12/2021 Leave a Comment

HCTec Acquires Talon Healthy IT Services to Expand Managed Services Capabilities

What You Should Know: -  HCTec, a best-in-class IT services firm serving diverse health systems and healthcare provider organizations, today announced it has completed an acquisition of Talon Healthy IT Services, a managed IT solutions company with service centers in North Carolina and Wisconsin. - The acquisition accelerates HCTec’s growth and expands its managed services capabilities to better serve healthcare providers across the U.S. - Talon Healthy IT Services is a KLAS-rated,
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Ohio Hospital Selects Hicuity Health for Tele-ICU and Telemetry Services

by Fred Pennic 07/09/2021 Leave a Comment

Ohio Hospital Selects Hicuity Health for Tele-ICU and Telemetry Services

What You Should Know: - Knox Community Hospital has selected Hicuity Health to provide both tele-ICU and cardiac telemetry services. Hicuity Health is well-positioned to address the hospital’s multiple care needs and enables the facility to expand access to critical care within the community while also supporting Knox clinical staff as they address the around-the-clock challenges of critical care. - By partnering
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Intelerad Acquires Clinical Workflow Automation Provider HeartIT

by Fred Pennic 07/08/2021 Leave a Comment

Intelerad Acquires Clinical Workflow Automation Provider HeartIT

What You Should Know: - Intelerad, a global leader in medical image management solutions, announced its acquisition of Heart Imaging Technologies, the leader in clinical workflow automation. Founded in 2000, Heart Imaging Technologies was the first company to offer an FDA-cleared zero footprint medical image workstation, which has become the precedent for other companies seeking FDA clearance. HeartIT provides web-based medical image management technology and services to health care
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ACLC, Innovaccer Jointly Launch Value-Based Care Collaborative

by Fred Pennic 07/08/2021 Leave a Comment

ACLC, Innovaccer Jointly Launch Value-Based Care Collaborative

What You Should Know:  -  Innovaccer Inc., a San Francisco-based healthcare technology company, today announced its partnership with the Accountable Care Learning Collaborative (ACLC) to launch various initiatives promoting value-based care (VBC) in the industry. The ACLC is a nonprofit, peer-learning, member organization in which members work together to develop VBC competencies and build resources and tools for their peers. Together, Innovaccer and the ACLC will build a framework
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Zebra-Med Becomes First Company to Receive AI CPT Code for Radiology

by Fred Pennic 07/07/2021 Leave a Comment

Zebra-Med Becomes First Company to Receive AI CPT Code for Radiology

What You Should Know: - Zebra Medical Vision announces it has received the first-ever AI CPT code for radiology, for its VCF detection from CT scans for Population Health, setting a new standard for CPT codes in imaging AI, as the company has successfully done with FDA clearances for its algorithms.  - The new CPT III code was submitted to the AMA’s CPT Editorial Panel, by the American College of Radiology, Radiological Society of North America, American Roentgen Ray Society, and the
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XFIN Acquires Radiology Revenue Cycle Provider CMS – Health M&A

by Fred Pennic 07/07/2021 Leave a Comment

XFIN Acquires Radiology Revenue Cycle Provider CMS - Health M&A

What You Should Know: - Health IT company XIFIN announced the acquisition of Computerized Management Services (CMS), a provider of comprehensive revenue management services for hospital-based radiology groups and imaging centers. CMS provides a comprehensive suite of outsourced financial services focused on maximizing radiology client revenue and cash flow streams. Its services leverage strong technology systems and analytics,
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NVIDIA Launches UK’s Fastest AI Supercomputer for Healthcare Research

by Fred Pennic 07/07/2021 Leave a Comment

NVIDIA Launches UK’s Fastest AI Supercomputer to Advance Healthcare Research

What You Should Know: - NVIDIA launched the UK’s fastest supercomputer -- Cambridge-1, the world’s first collaborative, industry-wide system dedicated to accelerating healthcare and digital biology research using powerful combination of AI and simulation. - At the virtual inauguration, NVIDIA CEO and founder Jensen Huang discussed what NVIDIA’s $100 million investment will mean for the UK. He said the system will enable research breakthroughs at a scale and speed previously impossible with
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