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Fred Pennic, Editor-in Chief | HIT Consultant

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

Cedars-Sinai and OSE Co-Invest $2M in Neurology Care Startup Neu Health

by Fred Pennic 01/29/2025 Leave a Comment

Cedars-Sinai and OSE Co-Invest $2M in Neurology Care Startup Neu Health

What You Should Know:  - Cedars-Sinai Intellectual Property Company and Oxford Science Enterprises (OSE) have announced a strategic partnership to co-invest in and support the development of digital health startups.  - To kick off the partnership, Cedars-Sinai and OSE have co-invested $2 million in Neu Health, a University of Oxford spin-out company that has developed a digital neurology care platform. Neu Health's platform uses a smartphone app and AI to track and analyze
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SafelyYou Secures $43M for AI-Powered Solutions for Senior Living Communities

by Fred Pennic 01/28/2025 Leave a Comment

SafelyYou Secures $43M for AI-Powered Solutions for Senior Living Communities

What You Should Know:  - SafelyYou, a provider of AI-powered solutions for senior living communities, today announced a $43M Series C funding round led by Touring Capital.  - This latest investment brings SafelyYou's total funding to over $100M and will support the company's mission to empower safer, more person-centered care for seniors. Addressing the Growing Needs of Senior Living The senior living industry faces numerous challenges, including: High fall rates: Falls
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Beacon Health to Deploy Xsolis’ GenAI Solution to Streamline Medical Necessity Reviews

by Fred Pennic 01/28/2025 Leave a Comment

Beacon Health to Deploy Xsolis’ GenAI Solution to Streamline Medical Necessity Reviews

What You Should Know:  - Beacon Health System is expanding its partnership with Xsolis, a provider of AI-driven solutions for healthcare to deploy its generative AI technology for streamlining medical necessity reviews.  - The expanded partnership builds on the successful implementation of Xsolis' AI platform at Beacon Health System in 2019, which has already generated over $95M in savings. Reduce Administrative Burden and Improve Efficiency in Healthcare The healthcare
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Telemedicine Clinic Hone Health Raises $33M, Acquires ivee

by Fred Pennic 01/28/2025 Leave a Comment

Telemedicine Clinic Hone Health Raises $33M, Acquires ivee

What You Should Know:  - Hone Health, a telehealth clinic specializing in personalized hormone optimization and longevity care secures $33M in Series A funding round led by Tribe Capital with participation from prominent investors like PIF, Republic Capital, and Vibe VC, brings Hone Health's total funding to $39M. - The funding will fuel Hone Health's expansion into proactive and preventative longevity care for men and women, while also supporting its commitment to regulatory
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Lantheus to Acquire Evergreen Theragnostics to Expand Radiopharmaceutical Capabilities

by Fred Pennic 01/28/2025 Leave a Comment

Lantheus to Acquire Evergreen Theragnostics to Expand Radiopharmaceutical Capabilities

What You Should Know:  - Lantheus Holdings, Inc., a radiopharmaceutical company, announced today a definitive agreement to acquire Evergreen Theragnostics, Inc., a clinical-stage radiopharmaceutical company.  - The all-cash transaction consists of an upfront payment of $250M and up to an additional $752.5M in potential milestone payments.   - The acquisition marks Lantheus' fifth deal since January 2024 and solidifies its position as a fully integrated
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Global AI Medical Imaging Market to Reach $4.5B by 2029

by Fred Pennic 01/28/2025 Leave a Comment

Global AI Medical Imaging Market to Reach $4.5B by 2029

What You Should Know:  - The global AI medical imaging market is experiencing a period of rapid expansion, fueled by technological advancements, increasing government initiatives, and a growing demand for more efficient and accurate diagnostic solutions, according to a new report by MarketsandMarkets. - Valued at US$1.29B in 2023, the market is projected to reach an impressive US$4.54B by 2029, growing at a robust compound annual growth rate (CAGR) of 22.4%. Driving Forces Behind AI
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Aligned Marketplace Secures $3M for Advanced Primary Care

by Fred Pennic 01/27/2025 Leave a Comment

Aligned Marketplace Secures $3 Million to Fuel Growth and Expand Access to Advanced Primary Care

What You Should Know:  - Aligned Marketplace, a leading platform connecting self-insured employers with advanced primary care (APC) providers secures $3M in seed funding led by existing investors A* and Maverick Ventures.  - The funding will fuel the company's continued growth and expansion as it addresses the rising demand for affordable, high-quality primary care solutions. - This announcement follows a successful year for Aligned Marketplace, which included an initial $8M
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Mount Sinai Performs NYC’s First Enlarged Prostate Procedure with HYDROS™ Robotic System

by Fred Pennic 01/27/2025 Leave a Comment

What You Should Know:  - The Mount Sinai Hospital has achieved a significant milestone in men's health by performing New York City's first procedures using the HYDROS™ Robotic System.  - The technology offers a minimally invasive treatment option for benign prostatic hyperplasia (BPH), commonly known as an enlarged prostate. Impact of BPH BPH is a prevalent condition affecting millions of men, particularly those over 60. While non-cancerous, BPH can significantly impact
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Healthcare Cybersecurity: 183 Million Patient Records Exposed in 2024

by Fred Pennic 01/24/2025 Leave a Comment

Healthcare Cybersecurity: 183 Million Patient Records Exposed in 2024

What You Should Know:  - Fortified Health Security, a managed security services provider (MSSP) specializing in healthcare cybersecurity released its 2025 Horizon Report.  - The semiannual publication provides valuable insights into the latest cybersecurity trends, threats, and solutions for healthcare organizations. 2025 Horizon Report Background The 2025 Horizon Report, a free resource for healthcare professionals since 2017, analyzes data from the Office for Civil Rights
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KLAS Names Top EHR Implementation Partners for Providers

by Fred Pennic 01/24/2025 Leave a Comment

KLAS Names Top EHR Implementation Partners for Providers

What You Should Know:  - KLAS, a healthcare IT research firm, recently published its "EHR Implementations 2025" report, based on interviews with 88 respondents from 74 unique organizations. The report identifies several services firms that are driving successful EHR implementations for their clients. - Implementing a new electronic health record (EHR) system is a complex and high-stakes undertaking for any healthcare organization. With the potential for significant disruption and
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