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Fred Pennic, Editor-in Chief | HIT Consultant

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

InTouch Health Unveils Integrated Virtual Care Platform For Any Use Case

by Fred Pennic 04/10/2019 Leave a Comment

InTouch Health Unveils the First Fully Integrated Virtual Care Platform

Virtual care platform InTouch Health today announced the launch of its fully integrated, end-to-end virtual care platform, Solo by InTouch. The next generation software platform delivers enterprise solutions to provide high-quality, patient-centric virtual care for every use case and any clinical setting.According to reports, more than 50 percent of healthcare can be delivered virtually. With Solo by InTouch, healthcare providers can leverage for every type of user and use case, including
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Report: Why Today’s Health IT Market is Loud, Crowded, And Confused

by Fred Pennic 04/10/2019 Leave a Comment

Report: Why Today’s Health IT Market is Loud, Crowded, And Confused

Today’s health IT market is loud, crowded, and confused. Payers and providers are inundated with new solutions as they struggle to both define priorities and see results from their tech acquisitions. To understand how health IT companies should approach finding growth in a crowded market, Sage Growth Partners has launched a new report outlining key strategies for HIT companies to stay ahead of the market trends.Why Growth Is Getting Harder for Health IT CompaniesAccording to the report, there
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CareCloud EHR Integrates With Google Cloud Healthcare API for FHIR

by Fred Pennic 04/10/2019 Leave a Comment

CareCloud EHR Integrates With Google Cloud Healthcare API for FHIR

 CareCloud, an EHR and practice management platform for high-growth medical groups, announced today that it is integrating its omnidirectional data transfer process with Google Cloud Healthcare API. The integration will enable payer data to be securely, rapidly and cost-effectively shared and used in real-time with existing payer and provider systems handling activities such as member eligibility verification, claims history and claims processing.Integration Creates FHIR Bridge in Google
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Cerner Enters Cooperation Agreement with Activist Hedge Fund

by Fred Pennic 04/09/2019 Leave a Comment

Cerner Announces Board Refreshment Plan, $1.5B Share Repurchase Authorization

Key Highlights- Cerner cooperates with activist hedge fund Starboard Value LP- Four New Directors to Be Immediately Appointed to the Cerner Board of Directors- Commitment to Adjusted Operating Margin Targets for Q4 2019 and Q4 2020 of 20% and 22.5%- Creation of Finance and Strategy Committee of the Board to Oversee Operational Improvement Initiatives- Increases Share Repurchase Authorization Resulting in $1.5 Billion Available for RepurchaseCerner Corporation, today announced that the Company
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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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