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Fred Pennic, Editor-in Chief | HIT Consultant

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

Vitalic Launches Geriatric Behavioral Health Platform for Seniors

by Fred Pennic 12/23/2024 Leave a Comment

Vitalic Launches Geriatric Behavioral Health Platform for Seniors

What You Should Know:  - Vitalic announced the launch of its innovative geriatric behavioral health platform, designed specifically to address the often overlooked mental health needs of older adults.  - Launching with $4M in seed funding from Redesign Health and Medicare Advantage payor VNS Health (a national home- and community-based health care payor/provider), Vitalic focuses on providing comprehensive and integrated care that prioritizes the unique challenges and vulnerabilities of
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Royal Health Secures Significant Investment from HealthQuest Capital

by Fred Pennic 12/23/2024 Leave a Comment

Royal Health Secures Significant Investment from HealthQuest Capital

What You Should Know:  - Royal Health Inc., a provider of advanced radiology software and workflow solutions, announced today the closing of a minority investment led by HealthQuest Capital, a growth capital firm focused on transformative healthcare companies.  - The recapitalization represents a significant milestone for Royal Health, resulting in a near eightfold increase in enterprise valuation since its previous investment round in 2019. While the specific funding amount
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KLAS Revenue Cycle Management Summit 2024: Top Challenges and Solutions

by Fred Pennic 12/20/2024 Leave a Comment

KLAS Revenue Cycle Management Summit 2024: Top Challenges and Solutions

What You Should Know:  - The KLAS Revenue Cycle Management Summit 2024 brought together 117 revenue cycle management (RCM) leaders to address pressing challenges, explore emerging technologies, and enhance cybersecurity in healthcare.  The KLAS Revenue Cycle Management Summit provided healthcare leaders navigating the evolving RCM landscape with practical solutions and best practices for optimizing revenue cycle operations. Top RCM Challenges and Solutions Summit attendees
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Commure Acquires Digital Care Navigation Platform Memora Health

by Fred Pennic 12/20/2024 Leave a Comment

Commure Acquires Digital Care Navigation Platform Memora Health

What You Should Know:  - Commure, a healthcare technology company, has announced the acquisition of Memora Health, a digital care navigation platform. The strategic move strengthens Commure's comprehensive suite of AI-powered solutions, further solidifying its commitment to transforming healthcare delivery. - By integrating Memora's advanced patient navigation tools with CommureOS's robust integration engine, the combined platform will empower healthcare organizations to deliver
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Could AI Revolutionize the Physical Exam? New Study Explores LLMs as Physician Aids

by Fred Pennic 12/20/2024 Leave a Comment

Could AI Revolutionize the Physical Exam? New Study Explores LLMs as Physician Aids

What You Should Know:  - A new study published in the Journal of Medical Artificial Intelligence explores the potential of large language models (LLMs), like GPT-4, to act as valuable tools for clinicians. - Study author Marc D. Succi, MD, strategic innovation leader at Mass General Brigham Innovation, and his team investigated the use of GPT-4 in recommending physical exam instructions based on patient symptoms. For example, if a patient presented with a painful hip, GPT-4 would
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ŌURA Secures $200M to Fuel Growth and Innovation in Health Wearables

by Fred Pennic 12/19/2024 Leave a Comment

ŌURA Secures $200M to Fuel Growth and Innovation in Health Wearables

What You Should Know:  - ŌURA, the company behind the world's leading smart ring, has announced the completion of a $200 million Series D funding round, raising its valuation to $5.2B.  - This significant investment, with participation from Fidelity Management & Research Company and Dexcom, reflects ŌURA's strong momentum and its potential to transform the healthcare landscape. Driving the Future of Health Wearables ŌURA has been redefining health wearables since its
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Remodel Health Raises Over $100M to Expand ICHRAs

by Fred Pennic 12/19/2024 Leave a Comment

Remodel Health Raises Over $100M to Expand ICHRAs

What You Should Know:  - Remodel Health, a provider of Individual Coverage Health Reimbursement Arrangements (ICHRAs), has announced a significant growth funding round of over $100M. ICHRAs offer employers predictable annual benefits costs, providing stability and potential cost savings compared to traditional group health insurance. - The investment, led by Oak HC/FT and Hercules Capital, will support Remodel Health's continued expansion and innovation in the ICHRA
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Personalis Secures $50M from Merck, Extends Collaboration with Moderna

by Fred Pennic 12/19/2024 Leave a Comment

Personalis Secures $50M from Merck, Extends Collaboration with Moderna

What You Should Know:  - Personalis, Inc. (NASDAQ: PSNL) today announced agreements with long-time collaborators Merck and Moderna that accelerate the advancement of the company’s business strategy.  - The company has received a $50M investment from Merck, known as MSD outside the United States and Canada, and separately has signed a multi-year extension with Moderna to utilize Personalis’ ImmunoID NeXT Platform® and technology for V940/mRNA-4157, an investigational
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Aspirion Acquires Boost Healthcare to Enhance RCM Capabilities

by Fred Pennic 12/19/2024 Leave a Comment

Aspirion Acquires Boost Healthcare to Enhance RCM Capabilities

What You Should Know:  - Aspirion, a provider of healthcare technology revenue cycle management (RCM) solutions, today announced the acquisition of Boost Healthcare, a revenue cycle firm that joins revenue cycle leaders on their journey to improve their organization’s financial performance. Financial details of the acquisition were not disclosed. - The strategic acquisition strengthens Aspirion's commitment to helping healthcare providers secure accurate and timely reimbursement for
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symplr Appoints Steve Filler as COO and Matt Grill as CDO to Drive Operational Excellence

by Healthcare Executive Hires 12/19/2024 Leave a Comment

symplr Appoints Steve Filler as COO and Matt Grill as CDO to Drive Operational Excellence

What You Should Know:  - symplr, a provider of enterprise healthcare operations software, has announced the appointment of Steve Filler as Chief Operating Officer (COO) and Matt Grill as Chief Delivery Officer (CDO).  - These strategic appointments bring extensive leadership experience and expertise to symplr, further strengthening the company's commitment to delivering innovative solutions and exceptional customer service. Steve Filler: Driving Strategic Vision and
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