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Fred Pennic, Editor-in Chief | HIT Consultant

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

Patient Leakage Trends: Understanding the Gap Between Priority and Action

by Fred Pennic 10/31/2018 Leave a Comment

Patient Leakage Report: Understanding the Gap Between Priority and Action

The vast majority of healthcare executives recognize the importance of referral management; however, their ability to analyze and address patient leakage lags behind, according to a new survey conducted by Fibroblast, a referral management platform. The survey reveals almost a quarter (23%) of healthcare executives do not even track patient leakage at all. All this despite almost 9 in 10 who say it’s a priority.Survey Report BackgroundHealthcare organizations have many strategic priorities, but
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WellSpan Health, Sweetch Partner to Deploy AI-Driven App for Diabetes Prevention

by Fred Pennic 10/31/2018 Leave a Comment

WellSpan Health, Sweetch Partner to Deploy AI-Driven App for Diabetes Prevention

WellSpan Health partners with Sweetch to deploy its AI-based app to deliver large-scale prediction and prevention of diabetes to augment its employee wellness program.Diabetes is an epidemic, and our health systems are paying the price. With one in 11 adults affected globally and costs for people suffering from diabetes over 2x higher than those without the disease, it’s a pressing issue – and the latest technologies can help alleviate it.Today, integrated healthcare system WellSpan Health
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FundamentalVR Inks 3-Year Partnership with Mayo Clinic to Co-Develop Surgical VR Simulations, Raises Additional $1.4M

by Fred Pennic 10/30/2018 Leave a Comment

FundamentalVR Inks 3-Year Partnership with Mayo Clinic to Co-Develop Surgical VR Simulations, Raises Additional $1.4M

FundamentalVR, a London-based virtual reality (VR) training, and data analysis technology startup, today announced a three-year strategic partnership with Mayo Clinic to co-develop new VR simulations leveraging haptic (sense of touch) technology for general surgical procedures, patient-specific modeling and emerging interfaces for robotic surgery.Additional $1.4M in FundingIn addition, the company has raised an additional $1.4 million in funding from existing investor Tern Plc. The company plans
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Livongo Health Unveils Applied Health Signals to Silence Noisy Healthcare

by Fred Pennic 10/30/2018 Leave a Comment

Livongo Health Unveils Applied Health Signals to Silence Noisy Healthcare

Livongo, a consumer health company empowering people with chronic conditions to live better and healthier lives, today announced the first voice-enabled, at-home, cellular blood pressure monitoring system, free medication incentives for eligible members, and a number of new data science capabilities and partnerships.  This voice-enabled cellular BP monitoring system builds on Livongo’s previously announced cellular blood pressure monitoring system, which allows members to instantly and
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Philips Launches Its Smallest Portable Nebulizer in North America

by Fred Pennic 10/29/2018 Leave a Comment

Philips Launches Its Smallest Portable Nebulizer in North America

Today, Philips launched InnoSpire Go, its smallest and lightest portable hand-held nebulizer. This innovative technology not only provides portable, fast and effective medication delivery but is also proven to reduce treatment time by up to 25 percent.  The easy-to-use and virtually silent InnoSpire Go puts hospital-grade nebulizer technology into the hands of the user for portable, fast and effective medication delivery. InnoSpire Go is available in the United States and additional countries
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AMA-RAND Study: Physician Payment Models are Becoming More Complex

by Fred Pennic 10/26/2018 Leave a Comment

Revenue Integrity Dysfunctional Patient Billing Major Distraction for Patients & Clinicians 6 Metrics to Improve Hospital Revenue Cycle ROI_revenue cycle makret

According to a new joint study by the RAND Corporation and the American Medical Association, physician payment models are becoming more complex and the pace of change is increasing, creating challenges for physician practices that might hamper their ability to improve the quality and efficiency of care despite their willingness to change.The study is a follow-up to a similar one conducted in 2014 to assess how physician practices were responding to alternative payment models. These models are
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Voice Search in Healthcare: Using Voice-Enabled Devices for Healthcare Information

by Fred Pennic 10/26/2018 Leave a Comment

Voice Search in Healthcare: Using Voice-Enabled Devices for Healthcare Information

When it comes to voice search in healthcare, only 24% of consumers are using voice-enabled devices to search for healthcare information. From smartphones to smart speakers, consumers are searching with their voices. What exactly they are searching for when it comes to healthcare-related topics is explored in a new study from the market research team at Zion & Zion, a top-ranked, full-service national marketing agency.The study reveals only 24% of consumers have searched for healthcare
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HHS Unveils International Pricing Index to Lower Medicare Part B Drugs for Patients

by Fred Pennic 10/25/2018 Leave a Comment

Behavioral Health Can We Balance Civil Liberties with Mental Health Treatment?

The U.S. Department of Health and Human Services, through the Centers for Medicare & Medicaid Services (CMS), today announced unveiled the “International Pricing Index” (IPI) payment model to reduce what Americans pay for Medicare Part B prescription drugs.Under the IPI model, described in an Advance Notice of Proposed Rulemaking (ANPRM), Medicare’s payments for select physician-administered drugs would shift to a level more closely aligned with prices in other countries. Overall savings for
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Mercom: Global Digital Health VC Funding Tops $3.1B in Q3 2018

by Fred Pennic 10/25/2018 Leave a Comment

Mercom_Global Digital Health VC Funding Tops $3.1B in Q3 2018

Global digital health venture capital (VC) funding has already reached $9 billion in 2018, up 46 percent year-over-year (YoY) with a record $8B across 556 deals, according to market research firm Mercom Capital. The latest report reveals global digital health VC funding reached $3.1B across 173 deals, versus Q2 2018’s $2.4B in 196 deals.To date, digital health companies have raised ~$34B in 4,006 VC funding deals since 2010. Total corporate funding - including VC, debt, and public market
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K4Connect Raises $12M to Expand Smart Tech for Senior Living Communities

by Fred Pennic 10/25/2018 Leave a Comment

K4Connect Raises $12M to Expand Smart Tech for Senior Living Communities

K4Connect, a Raleigh, NC-based digital health startup providing smart technology solutions for senior living communities has raised $12 million in Series B funding led by AXA Venture Partners. Founded in 2013, K4Connect plans to use the latest round of funding to further develop the Company's K4Community solution and underlying Fusion platform/OS technologies. In addition, the company plans to accelerate its partnerships across a spectrum of consumer and senior living-specific
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