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Fred Pennic, Editor-in Chief | HIT Consultant

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

Robotic Process Automation Saves Steward Health Care Systems $2.75M in Operational Costs

by Fred Pennic 11/30/2018 Leave a Comment

Robotic Process Automation Saves Steward Health Care Network $2.75M in Operational Costs

The use of Robotic Process Automation (RPA)-a robotics precursor to artificial intelligence in the past two years has led to drastic improvements in productivity at Steward Health Choice Network (SHCN) Health Plan Division, a division of Steward Health Care Systems. Steward Health Choice Network (SHCN) implemented RPA. Within 30 days of implementing its first RPA script, SHCN began realizing an ROI. Since that time, the labor automation—Foxtrot RPA from EnableSoft—has processed 4.5 million
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Bright Health Raises $200M to Expand Care Partner Health Plan Model

by Fred Pennic 11/30/2018 Leave a Comment

Bright Health Raises$200M to Expand Care Partner Health Plan Model

Bright Health, a provider of exclusive Care Partner Health Plans for everyday individuals at competitive prices has raised $200M in Series C funding. Investors in the Series C round includes two new investors, Declaration Partners and Meritech Capital, as well as existing investors Bessemer Venture Partners, Cross Creek Advisors, Flare Capital, Greenspring Associates, Greycroft Partners, New Enterprise Associates (NEA), Redpoint Ventures, and Town Hall Ventures. The insurance tech startup plans
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2018 Patient Access Journey Report: 6 Patient Access Trends to Watch

by Fred Pennic 11/29/2018 Leave a Comment

2018 Patient Access Journey Report: 6 Patient Access Trends to Watch

The annual survey from Kyruus Highlights patient access trends & opportunities for health systems to differentiate with a comprehensive and cohesive patient access strategy. Within a relatively short number of years, patient experience has become a top priority for many healthcare organizations as consumerism continue to grow in healthcare. However, with so many players involved in delivering patient care, health systems are at a disadvantage relative to organizations in other industries
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Revenue Cycle Startup Medpilot Nabs $1.7M to Expand Patient Financial Engagement Platform

by Fred Pennic 11/29/2018 Leave a Comment

Revenue Cycle Startup Medpilot Nabs $1.7M to Expand Patient Financial Engagement Platform

MedPilot, a patient financial engagement platform working with outpatient facilities, hospitals, revenue cycle management companies, and practice management systems, announced it has raised $1.7 million in funding led by Hudson River Capital Partners, Valley Growth Ventures, Cedars-Sinai, TechStars, and investor Tom Hirschfeld. MedPilot’s will use the latest round of funding to further bolster their team and roll out additional new functionality in their patient financial engagement platform for
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BD Expands Integrated Medication Management to Help Tackle Hospital Drug Diversion

by Fred Pennic 11/29/2018 Leave a Comment

Drug Pricing Transparency: Can Health IT Lower Drug Pricing for Patients?

The news is full of stories about the opioid crisis and its impact on American society. Healthcare organizations are not immune to this crisis. High-stress jobs, injuries, and greater access to drugs are some of the key factors that contribute to “drug diversion” in hospitals, which can lead to serious patient safety issues, harm to the diverter, and significant liability risk to the organization. Analytics are transforming healthcare -- and because there are many points where diversion may
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Nuance Unveils AI Marketplace for Diagnostic Imaging

by Fred Pennic 11/26/2018 Leave a Comment

Nuance Unveils AI Marketplace for Diagnostic Imaging

Today at RSNA, Nuance announced that their AI Marketplace for Diagnostic Imaging, the first workflow-integrated marketplace, has mobilized a collaborative community of developers, researchers and technology leaders to build, test, validate, and share algorithms for radiology. This community can seamlessly create, distribute, and utilize continuously learning algorithms for 25,000 radiologists across 5,500 connected healthcare facilities.Nuance AI Marketplace for Diagnostic Imaging OverviewThe AI
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Ambra Health and Google Cloud Partner to Leverage AI with Secure Access to Medical Imaging for Researchers

by Fred Pennic 11/26/2018 Leave a Comment

Ambra Health's New App Offers Providers Instant Access to Medical Images

Ambra Health, makers of the leading cloud-based, medical image management suite, today announced a new collaboration with Google Cloud to advance healthcare research with anonymized medical imaging data. The partnership will leverage Google Cloud’s Healthcare API for their Ambra Health Cloud PACS solution for Google Cloud allows researchers to turn data into insights by easily de-identifying patient medical imaging data for use in research studies. Anonymized Medical Imaging DataIn order for
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Nuance Launches AI-powered Radiology Reporting Platform, PowerScribe One

by Fred Pennic 11/25/2018 Leave a Comment

Nuance Adds Reporting, Advanced Lung Cancer Screening Registry to Radiology Solution

Nuance announced the introduction of PowerScribe One, a radiology reporting platform that harnesses Nuance’s advanced natural language understanding capabilities and cloud technology at RNSA18. The  PowerScribe One platform delivers AI-powered diagnostic and decision-support tools to improve radiologists’ workflow efficiency and accuracy, ultimately advancing disease detection, diagnosis, and treatment.PowerScribe One OverviewPowerScribe One is the next generation of the industry’s most widely
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8 Common Characteristics of Successful Standalone Hospitals

by Fred Pennic 11/24/2018 Leave a Comment

8 Common Characteristics of Successful Standalone Hospitals

The Chartis Group shares 8 characteristics of successful independent hospitals and provides an assessment for hospital executives. Over the last 20 years, the percentage of U.S. hospitals over 200 beds, that are part of health systems, has risen from 56 percent to 77 percent. This trend continues as local regional and national health systems expand in search of greater scale, financial stability, and market presence. This seemingly inexorable trend towards systems expansion has caused industry
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Medtronic Acquires Nutrino Health to Integrate Diabetes Capabilities with Nutritional Data

by Fred Pennic 11/23/2018 Leave a Comment

3 Strategic Insider Tips to Follow When Selling Your Digital Health Startup

Medtronic acquires Nutrino Health to augment diabetes capabilities with Nutrino’s nutritional database and data science. Medtronic, a provider of medical technology announced it will acquire Tel Aviv-based Nutrino Health, a provider of nutrition-related data services, analytics, and technologies. For Medtronic, the acquisition is an opportunity to improve clinical outcomes for people with diabetes through the integration of Nutrino’s extensive food analysis infrastructure, nutrition science
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