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Fred Pennic, Editor-in Chief | HIT Consultant

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

Anika Therapeutics to Acquire Parcus Medical and Arthrosurface

by Fred Pennic 01/06/2020 Leave a Comment

Anika Therapeutics to Acquire Parcus Medical and Arthrosurface

- Anika Therapeutics announced plans to acquire Parcus Medical, a privately-held sports medicine company, and Arthrosurface, a privately-held provider of joint surface and preservation solutions for active patients. - These acquisitions will significantly enhance Anika’s commercial capabilities and infrastructure, diversify its revenue mix and expand its product portfolio and pipeline. - Additionally, it will solidify Anika’s position in the $7 billion sports and regenerative medicine
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CES 2020: Philips Expands Its Range of Consumer-Focused Digital Health Solutions

by Fred Pennic 01/06/2020 Leave a Comment

CES 2020: Philips Expands Its Range of Consumer-Focused Digital Health Solutions

- Philips unveils new data-driven personalized connected care solutions for sleep, oral health, and mother & child care that offers consumers the benefits of evidence-based solutions, expert advice, and always-on connection to professional help at CES 2020. At CES 2020, Royal Philips, a global leader in health technology, today announced its expansion of personalized consumer health solutions that help shape the industry of consumer health. With the expansion of the collaboration with
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AMIA President & CEO, Douglas B. Fridsma Steps Down

by Fred Pennic 01/06/2020 Leave a Comment

AMIA President & CEO, Douglas B. Fridsma Steps Down

- Douglas B. Fridsma, MD, Ph.D., FACP, FACMI, FAMIA is stepping down as President and CEO of The American Medical Informatics Association (AMIA). - Karen Greenwood, Executive Vice President, and Chief Operating Officer will serve as interim CEO while the Board of Directors begins the search for a replacement.  The American Medical Informatics Association (AMIA) has announced the departure of President and CEO Douglas B. Fridsma, MD, Ph.D., FACP, FACMI, FAMIA, effective January 1, 2020.
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Duke, Deerfield Management Form Four Points Innovation to Invest Up $130M in Drug Discovery

by Fred Pennic 01/06/2020 Leave a Comment

Duke, Deerfield Management Form Four Points Innovation to Invest Up $130M in Drug Discovery

- Duke University and Deerfield Management Company form major translation research collaboration company, Four Points Innovation. - Deerfield will invest up to $130 million of initial funding to accelerate drug discovery at Duke for 10 years. Duke University and Deerfield Management Company, a healthcare investment firm has announced the creation of a major translational research collaboration company, Four Points Innovation. Spearheaded by Duke University’s Office of Licensing &
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ObjectiveGI Raises $6.6M for Integrated GI Research to Address NASH Epidemic

by Fred Pennic 01/02/2020 Leave a Comment

ObjectiveGI Raises $6.6M for Integrated GI Research to Address NASH Epidemic

- ObjectiveGI, the Nashville-based clinically integrated ancillary care platform has raised $6.6M in Series A funding. - Taking on the rising NonAlcoholic SteatoHepatitis (NASH) epidemic, ObjectiveGI establishes premier clinical trial centers within local gastroenterology (GI) practices across the country to develop new therapies and improve patient outcomes. - The company opened its 10th Center of Research Excellence in September 2019 and, with this funding, ObjectiveGI aims to double
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Executive Insights: Top Healthcare Predictions & Trends to Watch in 2020

by Fred Pennic 12/31/2019 Leave a Comment

Executive Insights: Top Healthcare Predictions & Trends to Watch in 2020

As we close out the year, we asked several healthcare industry executives to share their predictions and trends for 2020. Robbie Hughes, Founder, and CEO, Lumeon “Following the announcement of the Trump administration's price transparency requirement – and the ensuing backlash from hospital groups – the issue of price transparency will dominate the healthcare industry next year. Regardless of the outcome of the lawsuit, I expect we'll see more attention around the importance of the
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Top 60 Health IT/Digital Health Mergers & Acquisitions in 2019

by Fred Pennic 12/27/2019 Leave a Comment

Kareo Sells Managed Billing Services Business to Health Prime International

- From Google's acquisition of Fitbit to Philips acquisition of Carestream Health's health IT business, here is a look at some of the biggest health IT/digital health mergers & acquisitions in 2019 by each quarter. Q1 M&A Activity Johnson & Johnson Acquires Auris Health for $3.4B to Expand Digital Surgery Portfolio Johnson & Johnson acquiresAuris Health, a developer of robotic technologies for $3.4 billion in cash. Auris Health is a privately-held developer of
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KLAS: State of Value-Based Care Consulting In A High-Performing Market

by Fred Pennic 12/26/2019 Leave a Comment

KLAS: State of Value-Based Care Consulting In A High-Performing Market

- Latest KLAS report examines nine firms that provide value-based care consulting services to explore the types of work these firms do (and for who), how consistently the firms perform across clients, the outcomes they deliver, and the factors that drive these outcomes.- KLAS identifies Deloitte, Lumeris, Navigant, PwC, Optum, Premier, Chartis Group, Health Catalyst, and Milliman are named top performers excelling within different scopes of engagement and recommended by their clients.
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Alphabet’s Verily, Emory Healthcare Partner to Leverage Big Data to Optimize Medication & Lab Ordering Patterns

by Fred Pennic 12/26/2019 Leave a Comment

Alphabet’s Verily, Emory Healthcare Partner to Leverage Big Data to Optimize Medication & Lab Ordering Patterns

- Alphabet’s Verily is partnering with Atlanta, GA-based Emory Healthcare on deep analysis of medications and lab ordering patterns for improved diagnosis and treatment at the point of care. - Verily is a subsidiary of Alphabet focused on life sciences and healthcare that develops tools and devices to collect, organize and activate health data, and creates interventions to prevent and manage diseaseVerily, an Alphabet company is partnering with Emory Healthcare to deploy new solutions to help
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Augmedics Secures FDA 510(k) Clearance for Augmented Reality Guidance System for Surgery

by Fred Pennic 12/23/2019 Leave a Comment

Augmedics Secures FDA 510(k) Clearance for Augmented Reality Guidance System for Surgery

- Augmedics announced U.S. Food and Drug Administration (FDA) 510(k) clearance and the U.S. launch of its groundbreaking xvision Spine system (XVS), the first AR guidance system to be used in surgery. - xvision Spine allows surgeons to visualize the 3D spinal anatomy of a patient during surgery as if they had “x-ray vision,” and to accurately navigate instruments and implants while looking directly at the patient, rather than a remote screen. Today, Augmedics announced U.S. Food and Drug
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