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Fred Pennic, Editor-in Chief | HIT Consultant

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

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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6 Key Ethical Principles for The Use of AI for Health – WHO

by Fred Pennic 07/06/2021 Leave a Comment

6 Key Ethical Principles for The Use of AI for Health - WHO

- The World Health Organization (WHO) launched its first ever global report on: Ethics and governance of artificial intelligence for health.   - While new technologies that use artificial intelligence hold great promise to improve diagnosis, treatment, health research and drug development and to support governments carrying out public health functions, including surveillance and outbreak response, such technologies, according to the report, must put ethics and human rights at the
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Olive Secures $400M At A $4B Valuation to Support New Instant Claim Payment Solution

by Fred Pennic 07/01/2021 Leave a Comment

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

What You Should Know: - Today, healthcare automation company Olive, today announced a $400M in funding round led by Vista Equity Partners with additional investment from the Base10 Partners Advancement Initiative. Olive, a provider of AI powered workforce purpose-built for healthcare, has now secured $832 million in financing since March 2020, and $902 million since the company’s inception in 2012 bringing the company’s total valuation to $4 billion.   - The company plans to use
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Cortica Raises $60M to Expand Comprehensive Autism Care Model Nationwide

by Fred Pennic 07/01/2021 Leave a Comment

Cortica Raises $60M to Expand Comprehensive Autism Care Model Nationwide

What You Should Know: - Cortica, Inc. ("Cortica"), a San Diego, CA-based tech-enabled clinical services for autism and other neurodevelopmental conditions, announced it has raised $60 million in financing to further its mission to transform autism care. The funding was led by Longitude Capital with participation from new investors .406 Ventures and Adam Boehler, along with existing investors Questa Capital and Aperture Venture Partners. Silicon Valley Bank also participated by expanding
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