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Fred Pennic, Editor-in Chief | HIT Consultant

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

Report: Gen Z Leaving Healthcare in Droves Due to Toxic Culture

by Fred Pennic 11/15/2024 Leave a Comment

Report: Gen Z Leaving Healthcare in Droves Due to Toxic Culture, Stress

What You Should Know:  - A new report from Soliant Health reveals a concerning trend: healthcare professionals across all age groups are leaving the industry due to job stress, poor work-life balance, and unhealthy workplace cultures.  - Surprisingly, Gen Z (ages 18-27) is leading the exodus, with over 22% planning to leave their healthcare jobs within the next 1-3 years. Generational Differences in Departure Drivers While all generations struggle with workplace challenges,
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Ransomware Attacks on Healthcare Services Surge in 2024

by Fred Pennic 11/15/2024 Leave a Comment

Ransomware Attacks on Healthcare Services Surge in 2024

What You Should Know:  - Ransomware attacks are a growing threat across all industries, but the healthcare sector is facing a particularly alarming surge in these incidents, according to new data from SafetyDevices. - New data reveals a concerning trend of increased attacks on healthcare providers, raising concerns about patient safety, data security, and the financial stability of healthcare organizations. Healthcare: A Prime Target for Cybercriminals Healthcare services are
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Impilo Secures $11.5M to Expand Access to At-Home Healthcare

by Fred Pennic 11/14/2024 Leave a Comment

Impilo Secures $11.5M to Expand Access to At-Home Healthcare

What You Should Know:  - Impilo, a digital health platform revolutionizing healthcare access raises $11.5M in a Series A funding round led by Construct Capital, with participation from GC 1 Capital, One Way Ventures, 2048 Ventures, and strategic angel investors. - Impilo's vision is a world where access to world-class healthcare is no longer limited by location or circumstance. By leveraging technology and innovation, Impilo is making this vision a reality, bringing convenient,
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Navigating the Complexities of Preclinical and Clinical Trials

by Fred Pennic 11/14/2024 Leave a Comment

Navigating the Complexities of Preclinical and Clinical Trials

The development of new drugs or medical interventions is a meticulous process involving various stages to ensure safety, efficacy, and regulatory compliance. Central to this journey are the preclinical and clinical trial phases, which are vital for transitioning from laboratory research to clinical application. Let us take a look at the whole process – step by step. Preclinical Studies: Laying the Groundwork The preclinical phase involves extensive in vitro (test tube or cell culture) and
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Q/A: Funding Landscape: IPO or Buyout for Life Science Companies?

by Fred Pennic 11/13/2024 Leave a Comment

Q/A: Funding Landscape - IPO or Buyout for Life Science Companies?

Life science companies, particularly those heavily invested in research and development, often face critical funding decisions. Should they pursue an initial public offering (IPO) to fuel their growth, or is a strategic buyout from a larger company a more suitable path? In this exclusive interview, Taylor Wirth, a partner at Barnes & Thornburg,  offers his insights on evaluating market conditions, assessing company readiness, and weighing the pros and cons of each funding option. He
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Primary Care Provider Forward Closes Its Doors

by Fred Pennic 11/13/2024 Leave a Comment

Forward Secures $100M to Expand AI-Powered Doctor’s Offices

What You Should Know:  - Forward, a technology-driven preventive primary care provider, has announced the immediate closure of all its locations and the shutdown of its mobile app.  - The sudden announcement leaves members scrambling to find new providers and access their medical records. Immediate Cessation of Services Effective immediately, Forward has ceased all operations, including: Employee Layoffs: All 200 Forward employees will be laid off. Closure of
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Healthpilot and Publix Partner to Simplify Medicare Plan Selection for Seniors

by Fred Pennic 11/13/2024 Leave a Comment

What You Should Know: - Healthpilot, an AI-powered Medicare comparison platform, and Publix Supermarkets have joined forces to simplify the process of choosing Medicare plans for seniors. - Publix Pharmacy customers can now access Healthpilot's comparison tool directly through the Publix website to review and compare Medicare Advantage and Part D prescription drug plans where Publix Pharmacy is a preferred pharmacy and Healthpilot is affiliated. Addressing the Complexity of Medicare Choices Navigating the Medicare landscape can be overwhelming for seniors. With an average of 43 Medicare Advantage plans and 21 Part D standalone prescription drug plans available, choosing the right coverage can be a daunting task. Unfortunately, research indicates that 7 out of 10 seniors do not compare plans, potentially leaving them with inadequate coverage. Expanding Access to Medicare Guidance This partnership between Healthpilot and Publix makes it easier for seniors to access personalized Medicare guidance. By integrating Healthpilot's comparison tool into the Publix website, the companies are reaching seniors where they already shop, providing convenient access to essential resources. AI-Powered Personalized Recommendations Healthpilot's AI-driven platform simplifies this process by analyzing individual needs and preferences, including preferred physician networks, pharmacies, prescription drugs, socioeconomic factors, and lifestyle needs. The platform then provides personalized Medicare plan recommendations tailored to each customer's unique circumstances. Key Features of the Healthpilot Platform Personalized Plan Recommendations: AI-powered analysis ensures that customers receive plan suggestions that align with their specific needs and preferences. Accessible Information: Healthpilot provides clear and comprehensive information about Medicare plans, empowering seniors to make informed decisions. User-Friendly Digital Experience: The platform offers an intuitive website that guides users through Medicare education, plan selection, and enrollment. Superior Customer Support: Healthpilot's team of licensed insurance agents and customer support personnel are available to answer questions and assist with the enrollment process. "Making Healthpilot available to Publix Pharmacy customers reflects our commitment to provide broad access to our industry-leading AI-powered Medicare shopping platform," said Seth Teich, CEO of Healthpilot. "We benefit from bringing our platform to a wider audience of pharmacy customers that know and love Publix for their superior shopping experience. Customers benefit from having access to an AI-powered solution that helps them find the right Medicare plan for their unique needs."

What You Should Know:  - Healthpilot, an AI-powered Medicare comparison platform, and Publix Supermarkets have joined forces to simplify the process of choosing Medicare plans for seniors.  - Publix Pharmacy customers can now access Healthpilot's comparison tool directly through the Publix website to review and compare Medicare Advantage and Part D prescription drug plans where Publix Pharmacy is a preferred pharmacy and Healthpilot is affiliated. Addressing the Complexity of
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Medeloop Raises $15.5M for AI-Driven Medical Research Platform

by Fred Pennic 11/13/2024 Leave a Comment

Medeloop Raises $15.5M for AI-Powered Medical Research Platform

What You Should Know:  - Medeloop, a pioneering medical research platform, has secured $15.5M in Series A funding to further its mission of revolutionizing medical research through artificial intelligence (AI).  - The funding round was led by Inovia Capital, with participation from Icon Ventures and support from existing investors General Catalyst and Maven Ventures. AI-Powered Platform Streamlines Research Founded by AI experts at Stanford, Medeloop partners with
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Bluespine Raises $7.2M to Combat Medical Overbilling with AI

by Fred Pennic 11/13/2024 Leave a Comment

Bluespine Raises $7.2M to Combat Medical Overbilling with AI

What You Should Know:  - Bluespine, an AI-driven claims cost reduction platform for self-insured employers, has secured $7.2M in seed funding to address the pervasive issue of medical overbilling in the US healthcare system led by Team8. - The seed funding will accelerate Bluespine's adoption by US employers and brokers, as well as support further research and development. Tackling the Healthcare Cost Crisis Bluespine was co-founded by a team of technology experts with deep
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Q/A: Medidata VP Talks Overcoming Financial Barriers to Diversity in Clinical Trials

by Fred Pennic 11/12/2024 Leave a Comment

Medidata VP Talks Overcoming Financial Barriers to Diversity in Clinical Trials

Achieving diversity in clinical trials is crucial for developing effective and safe treatments for all populations. Yet, financial barriers often exclude underrepresented groups from participating, hindering progress towards health equity. This disparity raises critical questions about the accessibility and inclusivity of medical research. In this insightful Q&A, Meghan Harrington, VP of Clinical Trial Financial Management at Medidata, a Dassault Systèmes brand, sheds light on the
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