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Fred Pennic, Editor-in Chief | HIT Consultant

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

Lark Joins CVS Caremark PBM for GLP-1 Obesity Management

by Fred Pennic 04/03/2025 Leave a Comment

Lark Health Expands Weight Management Offerings to Support GLP-1 Needs

What You Should Know:  - Lark Health, a conversational-AI health coaching platform for managing chronic conditions today announced that CVS Caremark clients can now access Lark's suite of coaching programs through CVS Caremark's clinically-vetted digital health solutions platform. - The offering includes Lark's end-to-end GLP-1 Cost Containment and Obesity Management solution. Lark can customize a holistic program based on specific employer needs, focusing on medical cost savings,
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Rural America Loses Independent Physicians and Practices at Alarming Rate, Report Finds

by Fred Pennic 04/02/2025 Leave a Comment

Rural America Loses Independent Physicians and Practices at Alarming Rate, Report Finds

What You Should Know:  - A new report commissioned by the Physicians Advocacy Institute (PAI) and conducted by Avalere reveals a significant decline in the number of independent physicians and medical practices in rural areas of the United States between January 2019 and January 2024.  - The report raises concerns about reduced access to care, rising costs, and a decline in care quality for rural communities. Report Background/Methodology The analysis used data from the
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Gen AI Adoption Surges in Healthcare, Leaders See Potential for Transformation

by Fred Pennic 04/02/2025 Leave a Comment

Gen AI Adoption Surges in Healthcare, Leaders See Potential for Transformation

What You Should Know:  - Generative AI (Gen AI) is rapidly changing the healthcare industry, and a recent McKinsey survey reveals that a large majority of healthcare leaders are actively exploring or implementing this technology.  - The latest survey, conducted in Q4 2024, provides insights into the evolving perspectives and approaches of payers, health systems, and healthcare services and technology (HST) groups. Widespread Adoption and Implementation The survey found that 85%
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Mount Sinai Launches AI Small Molecule Drug Discovery Center

by Fred Pennic 04/02/2025 Leave a Comment

Mount Sinai Launches AI Small Molecule Drug Discovery Center

What You Should Know:  - The Icahn School of Medicine at Mount Sinai has launched the AI Small Molecule Drug Discovery Center, a pioneering initiative that leverages artificial intelligence (AI) to revolutionize the process of drug development.  - The new center aims to integrate AI with traditional drug discovery methods to identify and design novel small-molecule therapeutics with unprecedented speed and precision. Accelerating Drug Discovery with AI Unlike conventional drug
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CareCloud Acquires RevNu Medical Management to Expand Audiology RCM

by Fred Pennic 04/02/2025 Leave a Comment

CareCloud

What You Should Know:  - CareCloud, a provider of practice management, healthcare technology, and AI-driven solutions for medical practices acquires RevNu Medical Management (RevNu), an emerging revenue cycle management (RCM) company specializing in audiology. - Financial details of the acquisition were not disclosed.  Expanding in the Audiology Market This acquisition represents a strategic move by CareCloud to expand its presence in the U.S. audiology market. The U.S.
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Venteur Raises $20M to Expand Personalized Health Benefits Platform

by Fred Pennic 04/01/2025 Leave a Comment

Venteur Raises $20M to Expand Personalized Health Benefits Platform

What You Should Know: - Venteur, a personalized health technology platform secures $20M in Series A funding round led by Informed Ventures and American Family Ventures, with strategic investment from Morgan Health, Catalyst by Wellstar, and Ingeborg Investments. Existing investors also participated in the round. - Venteur has been a pioneer in the ICHRA space, helping employers manage rising healthcare costs and offering a practical alternative to traditional group health plans. The
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Serve You Rx Integrates With Waltz Health’s AI Specialty Pharmacy Platform

by Fred Pennic 04/01/2025 Leave a Comment

Waltz Health Launches Waltz Connect to Lower Costs of Specialty Medications

What You Should Know:  - Serve You Rx, a full-service pharmacy benefit manager (PBM), has announced a strategic partnership with Waltz Health to integrate Waltz Connect, an AI-powered specialty platform.  - The collaboration aims to address the rapidly escalating costs of specialty medications, which have surged by over 40% in recent years, reaching $300 billion annually. Enhanced Specialty Medication Management By integrating Waltz Connect, Serve You Rx is reinforcing its
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MedeAnalytics Launches Health Fabric™ on Snowflake AI Data Cloud to Transform Healthcare Data

by Fred Pennic 04/01/2025 Leave a Comment

MedeAnalytics Launches Health Fabric™ on Snowflake AI Data Cloud to Transform Healthcare Data

What You Should Know:  - MedeAnalytics, a provider of healthcare enterprise data enrichment platforms and analytics software-as-a-service (SaaS) launches Health Fabric™ on the Snowflake AI Data Cloud.  - The new integration with Snowflake empowers healthcare organizations to unify and leverage disparate data sources, optimizing their existing infrastructure and driving improved patient outcomes. Health Fabric™: A Unified Platform for Healthcare Analytics: Health Fabric™ is
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ATA Action Acquires Digital Therapeutics Alliance, Forms New Digital Health Coalition

by Fred Pennic 03/31/2025 Leave a Comment

ATA Action Acquires Digital Therapeutics Alliance, Forms New Digital Health Coalition

What You Should Know:  - ATA Action, the advocacy arm of the American Telemedicine Association (ATA), has announced its acquisition of the Digital Therapeutics Alliance (DTA), the leading international organization focused on expanding access to digital therapeutics (DTx).  - The acquisition creates a powerful, unified platform for policy and advocacy, dedicated to advancing innovative technologies that are reshaping patient care. The Boards of Directors of the ATA, ATA Action,
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Chatbots Transforming Healthcare: From Diagnosis to Patient Support

by Fred Pennic 03/31/2025 Leave a Comment

Chatbots Transforming Healthcare: From Diagnosis to Patient Support

What You Should Know:  - Chatbots are emerging as a revolutionary tool in healthcare, leveraging artificial intelligence (AI) to improve patient engagement across diagnosis, treatment, monitoring, and support, according to a new report in the Cureus Journal of Medical Science.  - The study of clinical studies highlights the growing role of chatbots in various medical fields, particularly in oncology, psychiatry, and chronic disease management. Key Applications of Chatbots in
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