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Fred Pennic, Editor-in Chief | HIT Consultant

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

Vuzix, VSee Launches Telemedicine Smart Glasses Solution

by Fred Pennic 04/09/2019 Leave a Comment

Vuzix, VSee Partner to Launch Telemedicine Smart Glasses Solution

Vusix, a supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced it is partnering with VSee, San Jose-based telemedicine company, to provide a smart glasses telemedicine solution for real-time video. Adding HIPAA-compliant live video chat to the Vuzix smart glasses line means real-time video doctor visits, surgical training, medical equipment training, and more. VSee provides a HIPAA-compliant video telehealth and telemedicine video conferencing solution
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The Cost of Medical Device Innovation: Can The U.S. Keep Pace?

by Fred Pennic 04/09/2019 Leave a Comment

The Cost of Medical Device Innovation: Can The U.S. Keep Pace?

Over the last six years, the U.S. Food and Drug Administration has approved a number of highly innovative medical devices that have revolutionized cardiovascular care. These novel devices have provided advanced treatment options, improved quality of life and extended longevity for patients. Unfortunately, reimbursement has often failed to keep up with many of increasingly expensive treatment options, according to a new report released by Vizient. The report, The cost of medical device
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U.S. Healthcare Spending Reaches $420M Per Hour, On Track to Hit $12 Trillion by 2040

by Fred Pennic 04/09/2019 Leave a Comment

The United States currently spends more than $420 million per hour on healthcare, a number that is increasing by the minute and is expected to top $12 trillion in 2040, according to HealthCostCrisis.org, a new, interactive website and crisis clock that tracks and forecasts healthcare spending in America in real time. The site, developed by West Health, a family of nonprofit and nonpartisan organizations includes tools to gauge the impact of the escalating cost of healthcare on patients and
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Deep Lens Lands $14M to Scale AI-Driven Digital Pathology Platform

by Fred Pennic 04/08/2019 Leave a Comment

Digital Pathology Startup Deep Lens Nabs $14M to Expand AI Pathology Platform for Clinical Trial Recruitment

Deep Lens, Inc., a Columbus, OH-based AI-driven digital pathology company focused on clinical trial recruitment at the time of diagnosis has raised $14 million in Series A funding. The Series A round was led by Northpond Ventures with participation from existing investors Rev1 Ventures, Sierra Ventures, and Tamarind-Hill Partners. The funding comes months after Deep Lens emerged from stealth in October 2018 with a $3.2M seed round, which brings their funding to date total to $17.5
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Medsphere Launches Wellsoft Urgent Care EHR, PM/RCM Solution

by Fred Pennic 04/08/2019 Leave a Comment

Medsphere Launches Wellsoft Urgent Care EHR, PM/RCM Solution

Medsphere Systems Corporation, a provider of affordable and interoperable healthcare information technology (IT) solutions and services, today announced the launch of their new urgent care EHR solution, Wellsoft Urgent Care. The launch of Wellsoft Urgent Care comes just two months after Medsphere acquired Wellsoft, a Somerset, NJ-based Emergency Department (ED) EHR platform.Wellsoft Urgent Care EHR/PM/RCM Platform OverviewWellsoft Urgent Care’s cloud-based platform features advanced Electronic
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Montefiore St. Luke’s Cornwall Goes Live on Mobile Physician Query Solution

by Fred Pennic 04/08/2019 Leave a Comment

Montefiore St. Luke’s Cornwall (MSLC) announced today that MSLC is live on Artifact Health's mobile physician query solution to improve workflow for its clinicians and expedite the accurate coding of patient records. Artifact was able to accommodate the hospital’s requirement to implement, integrate with Meditech’s EHR system and go live within four weeks.Optimizing the Physician Query Process for PhysiciansTraditionally, the query process is onerous and time-consuming for physicians, clinical
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March 2019 News, Merger & Acquisition, IPO, Public Company Performance Summary

by Fred Pennic 04/06/2019 Leave a Comment

A brief summary of noteworthy news, health IT M&A activity, IPOs, and public company performance during the month of March. Noteworthy News Amazon, JP Morgan, Berkshire Names New Joint Venture Haven Amazon, J.P. Morgan, and Berkshire Hathaway name joint venture Haven. In January 2018, the three founding companies announced plans to create this independent organization, now called Haven, which is free from profit-making incentives and constraints. Haven’s focus is the 1.2 million
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Accenture: How New Science is Reshaping The Biopharma Landscape

by Fred Pennic 04/05/2019 Leave a Comment

Accenture: How New Science is Reshaping The Biopharma Landscape

Accenture has released new research that unveils strong evidence that the biopharma industry is facing compressive disruption when a series of innovations, macroeconomic factors, and other changes combine to squeeze profits over a decade or more.  However, it also unveils a powerful growth engine: an emerging category that Accenture calls 'New Science' that is expected to drive 54% of the biopharma industry’s growth through 2022. What is New Science? New Science is an evolving, unique
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Study: Telerehabilitation Could Improve Patients With Late-Stage Cancer

by Fred Pennic 04/05/2019 Leave a Comment

Study: Telerehabilitation Could Improve Patients With Late-Stage Cancer

Telerehabilitation services to patients with late-stage cancer can improve their physical function, pain and quality of life while allowing them to spend less time in hospitals and nursing homes, according to recent research led by Andrea Cheville, M.D., a Mayo Clinic physical medicine and rehabilitation physician. The research team also included Timothy Moynihan, M.D.; and Charles Loprinzi, M.D. -- all from Mayo Clinic -- as well as Jeph Herrin, Ph.D., Yale School of Medicine, and Kurt Kroenke,
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Innovaccer Launches AI-Assisted Solution to Address the Social Determinants of Health

by Fred Pennic 04/04/2019 Leave a Comment

Innovaccer Launches AI-Assisted Solution to Address the Social Determinants of Health

Innovaccer Inc., the leading San Francisco-based data activation company, announced today the launch of its SDOH Management solution tailored to capture SDOH data and leverage it to deliver enhanced care, powered by its Data Activation Platform. Created after months of extensive research & development (R&D), Innovaccer's goal of the solution is to empower physicians and care teams with visibility into the social needs of their patients, right in the moment of care. How Non-Clinical
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