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Fred Pennic, Editor-in Chief | HIT Consultant

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

PE Firm Sycamore Partners Acquires Walgreens in $23.7B Deal

by Fred Pennic 03/06/2025 Leave a Comment

Walgreens, Pearl Health Partner to Expand Value-Based Care Delivery

What You Should Know:  - Walgreens Boots Alliance (WBA) has announced a definitive agreement to be acquired by an entity affiliated with Sycamore Partners, a private equity firm specializing in retail, consumer, and distribution-related investments.  - The total value of the transaction is estimated to be up to $23.7B. Deal Structure and Shareholder Value WBA shareholders will receive $11.45 per share in cash at closing, along with a non-transferable right (DAP Right) to
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ModMed Launches AI-Powered Scribe for Dermatology to Transform Clinical Documentation

by Fred Pennic 03/06/2025 Leave a Comment

ModMed Launches AI-Powered Scribe for Dermatology to Transform Clinical Documentation

What You Should Know:  - ModMed, a provider of specialty-specific healthcare technology announced the upcoming launch of ModMed Scribe, an AI-powered ambient listening solution designed to revolutionize EHR documentation for dermatologists.  - The tool automates note-taking, streamlines workflows, and empowers dermatologists to focus more on patient care. Addressing the Documentation Burden Documentation demands can be a significant drain on clinicians' time and energy,
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Withings Analysis Reveals Millions May Be Misclassified as Overweight or Obese

by Fred Pennic 03/06/2025 Leave a Comment

Withings Analysis Reveals Millions May Be Misclassified as Overweight or Obese

What You Should Know:  - Withings, a pioneer in connected health, announced findings from a groundbreaking analysis of body composition data, challenging the traditional reliance on Body Mass Index (BMI) for assessing obesity.  - The study published in The Lancet Diabetes & Endocrinology, which analyzed data from 3.4 million anonymized Withings scale users, revealed that 38.2% of individuals classified as overweight or obese based on BMI would be reclassified under newly
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Latitude Health Launches AI-Native Utilization Management Solution

by Fred Pennic 03/06/2025 Leave a Comment

Latitude Health Launches AI-Native Utilization Management Solution

What You Should Know:  - Latitude Health, a San Francisco, CA-based company is emerging out of stealth with the launch of its AI-driven utilization management designed to eliminate inefficiencies, reduce costs, and improve patient outcomes.  - Backed by  Redesign Health, Latitude Health's commitment to improving healthcare is deeply rooted in the personal experiences of its industry veteran co-founders, Chuck Feerick and Guru Nadiger.  AI-Powered UM Designed with
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League Unveils AI-Powered Platform Enhancements for Care Navigation

by Fred Pennic 03/06/2025 Leave a Comment

League Unveils AI-Powered Platform Enhancements for Care Navigation

What You Should Know:  - League, a healthcare consumer experience (CX) platform announced significant advancements in its AI-powered offerings at its 4th annual League Connect conference.  - The company launched AI Health Actions and a Benefits AI Guide, both designed to deliver hyper-personalized health engagement and streamline care navigation for consumers. Addressing Healthcare Disengagement Navigating the complex healthcare landscape can be overwhelming for many
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Datavant Launches Clinical Insights Platform to Empower Health Plans and Providers

by Fred Pennic 03/06/2025 Leave a Comment

Datavant Launches Clinical Insights Platform to Empower Health Plans and Providers

What You Should Know:  - Datavant, a health data platform company announced the launch of its Datavant Clinical Insights Platform.  - The integrated offering provides health plans and risk-bearing providers with the tools and insights they need to effectively manage clinical data, improve care coordination, and drive better outcomes for patients. Empowering Healthcare Organizations The platform, created through Datavant's integration with Apixio, offers a comprehensive
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Report: AI and Automation to Reshape Revenue Cycle Management

by Fred Pennic 03/05/2025 Leave a Comment

Report: AI and Automation to Reshape Revenue Cycle Management

What You Should Know:  - A new report from Everest Group, supported by Omega Healthcare, highlights the transformative impact of artificial intelligence (AI) and automation on revenue cycle management (RCM) in healthcare.  - The study, titled "Realizing the Promise of Tech-Enabled, AI-Driven Revenue Cycle Management (RCM): Outsourcing in the New Era," reveals that 85% of senior healthcare executives believe AI will significantly improve RCM efficiency in the next five
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Freed Raises $30M to Combat Clinician Burnout with AI-Powered Documentation

by Fred Pennic 03/05/2025 Leave a Comment

Freed Raises $30M to Combat Clinician Burnout with AI-Powered Documentation

What You Should Know:  - Freed, a provider of AI-powered clinical documentation solutions raises $30M in Series A funding round led by Sequoia Capital.  - The funding brings Freed's total funding to $34M and solidifies its position as one of the fastest-growing health tech companies in the U.S. Addressing the Burnout Crisis Clinician burnout is a pervasive problem in healthcare, with serious consequences for both providers and patients. Clinicians spend an average of 19
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Sheba Medical Center Opens AI Center for Healthcare Innovation

by Fred Pennic 03/05/2025 Leave a Comment

Sheba Medical Center Launches AI Initiatives to Transform Healthcare

What You Should Know:  -  ARC, the global health innovation engine and transformation arm of world-leading hospital Sheba Medical Center announced the launch of three AI initiatives: AI Center: A state-of-the-art center to unify and accelerate AI-driven medical innovation.Project K: The world's first AI-powered emergency department.Sheba AI Academy: An institution dedicated to equipping healthcare professionals with AI-driven skills. AI Center: A Hub for Innovation The AI
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Reduce Clinical Trial Burden with Flatiron Clinical Pipe™: EHR-to-EDC Integration

by Fred Pennic 03/05/2025 Leave a Comment

Reduce Clinical Trial Burden with Flatiron Clinical Pipe™: EHR-to-EDC Integration

What You Should Know:  - Flatiron Health, a healthcare technology company, today announced a collaboration with the University of Colorado Comprehensive Cancer Center (CU Cancer Center) and UCHealth to implement Flatiron Clinical Pipe™, an innovative solution that streamlines data capture for clinical trials.  - The partnership aims to accelerate cancer research and improve patient care by reducing administrative burden and enhancing the efficiency of clinical
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