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Fred Pennic, Editor-in Chief | HIT Consultant

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

Philips, Dept. of Defense Partner to Develop AI-Algorithm to Detect Infection 48 Hours Before Observable Symptoms

by Fred Pennic 10/22/2019 Leave a Comment

Philips Launches AI-Powered Patient Risk Prediction Algorithm for ICU

- Philips and the U.S. Department of Defense are teaming up to develop an AI-algorithm to identify infection more than 48 hours before observable symptoms. - Using large data sets & machine learning across biomarkers, innovative tech can speed time to detection, intervention & treatment, while improving outcomes & reducing the spread of disease. - Future research is currently being planned to leverage this information as an algorithm to be integrated into a wearable device,
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Onegevity Health Acquires Global Licensing Rights to Mount Sinai’s Lab100

by Fred Pennic 10/22/2019 Leave a Comment

Onegevity Health Acquires Global Licensing Rights to Mount Sinai's Lab100

- Onegevity Health announced it has acquired global licensing rights to Mount Sinai’s Lab100 clinic that uses precision diagnostics to empower patients and help scientists advance our understanding of human health. - Clinic and research lab offers patients access to comprehensive health assessment, expands clinical understanding of disease prevention and provides a wealth of health outcomes data. Today, NYC-based health tech company, Onegevity Health, announced it acquired the global
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CHG Healthcare Acquires Physician Credentialing Company Modio Health

by Fred Pennic 10/21/2019 Leave a Comment

Change Healthcare Acquires Physician Credentialing Company Modio Health

- CHG Healthcare has acquired physician credentialing company Modio Health for an undisclosed term. - Modio and CHG are combining forces to improve credentialing for CHG employees and the thousands of providers and healthcare facilities it works with, making the process faster, safer, and more cost-effective.Healthcare staffing company CHG Healthcare has acquired Modio Health, a San Francisco, CA-based physician credentialing provider. The acquisition will improve credentialing for Change
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Partners HealthCare Launches $80M Investment Funds Towards AI & Digital Translation

by Fred Pennic 10/21/2019 Leave a Comment

Partners HealthCare Transitions to Medicare Shared Savings Program (MSSP)

- Partners HealthCare launches two new investment funds aimed at addressing the lack of translational funding in pre-clinical life sciences, Artificial Intelligence (AI) and digital technology development. - The Partners HealthCare Artificial Intelligence and Digital Translation Fund (AIDIF) has an initial funding of $30M over five years and the Translational Innovation Fund (TIF) has funding of $50M over six years.Partners HealthCare today announced the creation of two new investment venture
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Cleveland Clinic, American Well Launches New Company to Offer Virtual Visits

by Fred Pennic 10/21/2019 Leave a Comment

Cleveland_Clinic

- Cleveland Clinic and American Well form a new joint venture, The Clinic, to distribute comprehensive health services through virtual visits. - Through a secure digital platform powered by American Well, people from around the world will be able to connect with Cleveland Clinic's leading specialists and receive insights, opinions, recommendations, and assistance for a variety of conditions.Cleveland Clinic and American Well are partnering on a first-of-its-kind initiative to provide broad
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Google Appoints Karen DeSalvo As First-Ever Chief Health Officer

by Fred Pennic 10/18/2019 Leave a Comment

Former ONC Chief and Assistant Secretary Karen DeSalvo Joins LRVHealth as Executive Advisor

- Google appoints former ONC chief Dr. Karen DeSalvo as the company’s first-ever Chief Health Officer to further establish its aggressive movement in the healthcare market. - In her new role as Chief Health Officer, she will report to former Geisinger Health CEO David Feinberg. Dr. Karen DeSalvo, who served as National Coordinator for Health Information Technology and Assistant Secretary for Health (Acting) during the Obama administration has been appointed by Google to serve as the
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Cerner Acquires Strategic Health IT Consulting & Engineering Firm AbleVets

by Fred Pennic 10/18/2019 Leave a Comment

Cerner Acquires Strategic Health IT Consulting & Engineering Firm AbleVets

- Cerner announced it will acquire strategic health IT consulting and engineering firm AbleVets as a wholly-owned subsidiary. - The acquisition will help Cerner expand its scale and expertise in implementing health IT modernization solutions in the federal market.Today, Cerner Corporation announced a definitive agreement to acquire AbleVets—a strategic health IT consulting and engineering firm—as a wholly-owned subsidiary. Through its work with civil and defense health agencies, AbleVets
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Top Global Digital Health/Health IT VC Funding Categories in Q3 2019

by Fred Pennic 10/18/2019 Leave a Comment

Top Global Digital Health/Health IT VC Funding Categories in Q3 2019

Global venture capital (VC) funding in digital health/health IT, including private equity and corporate venture capital, reached $2B in funding across 156 deals in Q3 2019, according to market research firm Mercom Capital Group. The 9M & Q3 2019 Digital Health (Healthcare IT) Funding and M&A Report reveals global venture capital reached $7.2B over 474 deals in the first nine months of 2019 compared to $8B in 556 deals in 9M 2018. In Q3 2019, Digital Health companies raised $2B in 156
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Study: VR Mirroring Can Improve Range of Motion in Chronic Pain Patients

by Fred Pennic 10/18/2019 Leave a Comment

VR for Chronic Pain Startup Karuna Labs Raises $3M to Retrain The Brain

- Mirroring techniques in virtual reality have the potential to improve range of motion in chronic pain patients, a new Karuna Labs study finds. - The study provides evidence that MVF, originally developed to help with neuropathic pain, in VR can influence the perception of pain in the affected limb.- These results may lead to greater knowledge of the mechanisms by which MVF can relieve chronic pain in additional areas. Karuna Labs, the creator of chronic pain management programs using virtual
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Philips Launches AI-Powered Patient Risk Prediction Algorithm for ICU

by Fred Pennic 10/17/2019 Leave a Comment

Philips Launches AI-Powered Patient Risk Prediction Algorithm for ICU

- Philips launches Sentry Score, a predictive algorithm for the intensive care unit (ICU) that shows a patient’s probability of receiving an intervention within 60 minutes. - The proprietary predictive algorithm enhances Centralized Virtual Clinical Operations to provide decision support and intervention for ICU patients. - Sentry Score provides clinicians in the tele-ICU with a more comprehensive view of the patient, allowing them to coordinate assessments and recommended actions with
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