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Fred Pennic, Editor-in Chief | HIT Consultant

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

Medtronic and UnitedHealthcare’s Value-based Relationship Results in Lower Costs, Fewer Hospital Readmissions

by Fred Pennic 07/11/2018 Leave a Comment

DPHO, UnitedHealthcare Launch Accountable Care Program

Today, Medtronic and UnitedHealthcare announced positive first-year results from their value-based relationship focused on improving health outcomes for people with diabetes. Results demonstrated cost-savings and reduced hospital admissions for UnitedHealthcare members with type 1 diabetes on Medtronic insulin pumps, when compared to other members on multiple daily injections (MDI) of insulin. Starting in 2016, more than 6,000 UnitedHealthcare members were given access to the Medtronic MiniMed
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Cedars-Sinai Accelerator Reveals 4th Class of 9 Digital Health Startups

by Fred Pennic 07/10/2018 Leave a Comment

Cedars-Sinai Accelerator Reveals 4th Class of 9 Digital Health Startups

Cedars-Sinai, today announced 9 new digital health startups selected to participate in its fourth class. From artificial intelligence to new devices and disruptive services, these innovative healthcare-focused startups are working to transform health and healthcare delivery as part of the Los Angeles-based accelerator program. Through their innovations, the companies seek to address some of healthcare’s most pressing challenges, particularly the experience of patients. The program is based in
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Change Healthcare Launches Consumer Payment Solution to Transform Their Financial Experience

by Fred Pennic 07/10/2018 Leave a Comment

Change Healthcare Acquires Credentialing Tech Docufill to Improve Administrative Efficiency

This week, Change Healthcare unveiled Member Healthcare Payments, a consumer payment solution that enables health plans to display consolidated patient financial information in a single destination, and empower consumers to better understand and manage their healthcare finances. Additionally, Member Healthcare Payments helps health plans better support providers by collecting patient payments, which can eliminate the provider's need to collect those payments.The first health plan to utilize
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AdvancedMD Acquires NueMD to Expand Footprint by 27%

by Fred Pennic 07/09/2018 Leave a Comment

AdvancedMD Acquires NueMD to Expand Footprint by 27%

AdvancedMD, today announced it has acquired Marietta, Georgia-based Nuesoft Technologies (“NueMD”), a SaaS platform providing practice management, clinical and medical billing applications to simplify all aspects of running an independent practice. Post acquisition, AdvancedMD’s North American footprint will increase by 27%, expanding the total number of medical practice clients and practitioners to 11,000 and 33,000, respectively. AdvancedMD will retain NueMD offices in Marietta,
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Cleveland Clinic Adds EHR Data to Apple Health Records on iPhone for Patients

by Fred Pennic 07/03/2018 Leave a Comment

Cleveland Clinics Adds EHR Data to Apple Health Records on iPhone for Patients

On Tuesday, Cleveland Clinic announced that patients can now access their personal health data via the Apple Health Records on iPhone feature. The new functionality provides another convenient way for patients to access their personal health data in addition to using the Epic MyChart via computer or downloading the app. Both ways provide patients the ability to access:- Allergies- Conditions- Immunizations- Lab Results- Procedures & Vitals- Organized medical information from various
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Report: Healthcare Organizations are Seeing Improved Profits from Value-based Care Contracts

by Fred Pennic 06/29/2018 Leave a Comment

Value-based Care Contracts: 46% of Providers are Seeing Improved Profits

46% of healthcare organizations see value-based care contracts improving profitability versus 23% two years ago. Healthcare organizations are more optimistic about how value-based care will affect their finances, according to a poll of accounting and finance employees on a webcast that KPMG hosted. Government spending on healthcare through Medicare, Medicaid, Veterans Administration and other programs have been shifting to value-based payment models in an attempt to improve efficiency and tie
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SMART Brain Aging Launches First Scientifically-Supported App for Early Stage Dementia

by Fred Pennic 06/29/2018 Leave a Comment

SMART Brain Aging Launches First Scientifically-Supported App for Early Stage Dementia

Healthcare technology company SMART Brain Aging, Inc. has announced that its one-on-one patient intervention program for aging brain health -- Brain U Online -- is now available to adults age 50+ through online subscription and iOS app, Brain U Lite. The new program is the result of 5 years of clinical trials with more than 3,000 participants at Harvard Medical School/Boston University School of Medicine.  Used by the country’s leading memory care facilities, Brain U Online and Brain U Lite are
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MTBC Integrates Blockchain Technology with EHRs to Securely Store Patient Medical History

by Fred Pennic 06/29/2018 Leave a Comment

FDA Approves Blockchain/IoT Pilot to Track Specialty Prescription Drugs Across 3 States Blockchain in Healthcare_Next Stop for Data-driven Healthcare: Blockchain

MTBC, a provider of proprietary, cloud-based healthcare IT solutions and services has announced the release of new blockchain technology integrated with the company’s Electronic Health Records (EHR) platform to securely store patient medical history, eliminate interoperability issues that have plagued the digitization of healthcare for years, and give patients’ absolute control over who has access to their valuable health data. This makes MTBC one of the first within the healthcare industry to
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Jackson Health Signs 11-Year Enterprise Patient Monitoring Service Deal with Philips

by Fred Pennic 06/28/2018 Leave a Comment

Jackson Health Signs 11-Year Enterprise Monitoring Service Deal with Philips

Philips and Jackson Health System sign groundbreaking 11-year agreement for Enterprise Monitoring as a Service that will define revolutionary healthcare delivery business model, reduce costs, standardize enterprise patient monitoring & management, & improve patient & staff satisfactionPhilips and Jackson Health System announced the world’s first long-term strategic partnership based on an Enterprise Monitoring as a Service (EMaaS) model. The 11-year partnership, aimed at pioneering
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NIA Awards $4.5M Grant to Develop In-Home Care Solutions for Dementia Caregivers

by Fred Pennic 06/28/2018 Leave a Comment

Funding for Midwest Healthcare Startups Totals $758M in 2013

The National Institute on Aging (NIA) has awarded $4.5 million over three years to white label Internet of Things (IoT) software provider, People Power to focus on developing in-home care supportive solutions for dementia caregivers.  National Institute on Aging mission is to improve the health and wellness of older Americans through biomedical, social and behavioral research focused on aging processes and age-related diseases.  The results of the collaborative research with University of
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