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Fred Pennic, Editor-in Chief | HIT Consultant

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

AMA Adds New CPT Codes Multi-Virus Tests to Detect COVID-19 and Flu

by Fred Pennic 10/07/2020 Leave a Comment

AMA Approves 2 New CPT Codes to Support Response to COVID-19

What You Should Know: - AMA announces new CPT codes for multi-virus tests to detect COVID-19 and flu for immediate use.  The American Medical Association (AMA) today published an update to the Current Procedural Terminology (CPT®) code set that includes new code additions and editorial revisions for reporting medical services sparked by the public health response to the COVID-19 pandemic. The update to the CPT code set was approved by the CPT Editorial Panel, the
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Remote Medical Documentation Startup Augmedix Closes $25M, Reverse Merger with Malo Holding

by Fred Pennic 10/06/2020 Leave a Comment

Remote Medical Documentation Startup Augmedix Closes $25M, Reverse Merger with Malo Holding

What You Should Know: - Augmedix closes $25 million in private placement funding and completion of a reverse merger transaction with Malo Holdings Corp. - Following the transaction, the merged entity will be named "Augmedix, Inc.", and will continue the historic and innovative business of Augmedix.  Augmedix, a company specializing in providing remote medical documentation and live clinical support services, today announced the closing of a $25 million private placement
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Walmart to Offer Medicare Insurance Plans During 2020 Open Enrollment

by Fred Pennic 10/06/2020 Leave a Comment

Walmart to Offer Medicare Insurance Plans During 2020 Open Enrollment

What You Should Know: - Walmart announced it will begin selling Medicare insurance plans during this year’s annual enrollment period, Oct. 15 through Dec. 7. Today, Walmart announced the launch of Walmart Insurance Services, LLC, a licensed insurance brokerage, which will assist people with enrolling in insurance plans—and simplify what’s historically been a cumbersome, confusing process. Walmart Insurance Services will begin selling Medicare insurance plans during this year’s Annual
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AWS, PHDA Collaborate to Develop Breast Cancer Screening and Depression Machine Learning Models

by Fred Pennic 10/06/2020 Leave a Comment

AWS, PHDA Collaborate to Develop Breast Cancer Screening and Depression Machine Learning Models

What You Should Know: - Amazon Web Services (AWS) and the Pittsburgh Health Data Alliance (PHDA) announce a collaboration to produce more accurate machine learning models for breast cancer screening and depression. - In work funded through the PHDA-AWS collaboration, a research team led by Shandong Wu, an associate professor at the University of Pittsburgh Department of Radiology, is using deep-learning systems to analyze mammograms in order to predict the short‐term risk of developing
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Q3 2020 Digital Health Funding Breaks $4B: 3 Key Trends to Know

by Fred Pennic 10/05/2020 Leave a Comment

Q3 2020 Digital Health Funding Breaks $4B: 3 Key Trends to Know

What You Should Know: - Digital health funding reached a record-breaking $4.0B in Q3 2020 for a total of $9.4B year to date, according to the latest Rock Health quarterly report. - Twenty-four (24) digital health companies have raised mega deals of $100M or more through Q3 of 2020. The rise in mega deals reflects a trend towards capital concentration in digital health venture investment. -  On-demand healthcare services is the top-funded value proposition with $2.0B
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NVIDIA Develops AI Model to Accurately Predict Oxygen Needs for COVID-19 Patients

by Fred Pennic 10/05/2020 Leave a Comment

NVIDIA Develops AI Model to Accurately Predict Oxygen Needs for COVID-19 Patients

What You Should Know: - NVIDIA and Massachusetts General Brigham Hospital researchers develop an AI model that determines whether a person showing up in the emergency room with COVID-19 symptoms will need supplemental oxygen hours or even days after an initial exam. - The ultimate goal of this model is to predict the likelihood that a person showing up in the emergency room will need supplemental oxygen, which can aid physicians in determining the appropriate level of care for patients,
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New Jersey Urology Launches First-Ever Urologic-Centric Epic EHR

by Fred Pennic 10/05/2020 Leave a Comment

What You Should Know: -  New Jersey Urology (NJU) becomes the first urology-only group to launch a urologic-centric Epic electronic health record (EHR). - NJU is the largest urology practice providing complete urologic care and comprehensive individualized treatment at more than 60 convenient locations, including six state-of-the-art Cancer Treatment Centers. New Jersey Urology ("NJU"), the leading urology service provider in New Jersey, and Urology Management Associates
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Value-Based Reimbursement Contracts Now Account for 26% of Hospital Revenue, KLAS Finds

by Fred Pennic 10/02/2020 Leave a Comment

Value-Based Reimbursement Contracts Now Account for 26% of Hospital Revenue, KLAS Finds

What You Should Know: - Value-based reimbursement (VBR) contracts now account for 26% of hospital revenue, according to a new report from KLAS research and CHIME. - Report reveals providers are looking first to their electronic health record (EHR) systems to drive PHM, and are most interested in investing in new healthcare information technology (HIT) when they know there is a clear ROI.  With value-based reimbursement (VBR) adoption slowing, healthcare providers are searching
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Amwell and Cigna Ranks High in Telehealth Patient Satisfaction, J.D. Power Finds

by Fred Pennic 10/02/2020 Leave a Comment

Amwell and Cigna Ranks High in Telehealth Patient Satisfaction, J.D. Power Finds

What You Should Know: - Amwell ranks highest among direct to consumer brands and Cigna ranks highest among health plans for telehealth patient satisfaction, according to the J.D. Power 2020 U.S. Telehealth Satisfaction Study - Though telehealth has been pitched as a solution to improve access to healthcare for everyone, more than half (52%) of telehealth users say they encountered at least one barrier that made it difficult to use telehealth. Patient satisfaction with
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NIH Funds First Nationwide Rare and Atypical Diabetes Network

by Fred Pennic 10/02/2020 Leave a Comment

NIH Funds First Nationwide Rare and Atypical Diabetes Network

What You Should Know: - NIH awards funding for Rare and Atypical Diabetes Network, or RADIANT that will seek to discover the cause of several unusual forms of diabetes. - RADIANT plans to screen about 2,000 people with unknown or atypical forms of diabetes that do not fit the common features of type 1 and type 2 diabetes. The National Institute of Health (NIH), announced this week it is funding a nationwide study with The Rare and Atypical Diabetes Network (RADIANT) that will seek
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