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Fred Pennic, Editor-in Chief | HIT Consultant

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

Benchstrength Closes $62M Early-Stage VC Fund with Healthcare Focus

by Fred Pennic 12/18/2024 Leave a Comment

Benchstrength Closes $62M Early-Stage VC Fund with Healthcare Focus

What You Should Know:  - Benchstrength, a New York City-based venture capital firm, has announced the close of its first $62M fund, focused on investing in high-potential, early-stage technology companies.  - The $62M fund has attracted a diverse group of investors, including prominent foundations, institutional investors, and individual investors. Investing in Transformative Technologies Led by former General Catalyst investors Ken Chenault Jr. and John Monagle,
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BrightInsight, Sanofi to Build Drug Companion Apps for its Major Specialty Therapies

by Fred Pennic 12/17/2024 Leave a Comment

BrightInsight, Sanofi to Build Drug Companion Apps for its Major Specialty Therapies

What You Should Know:  - BrightInsight, Inc., a provider of regulated digital health solutions, has announced an expanded multi-year partnership with Sanofi, a global biopharmaceutical company. This expanded partnership builds on a successful collaboration that began in 2022 when Sanofi selected the BrightInsight Platform to accelerate the development of a SaMD for one of its specialty care medicines. - The goal of the collaboration aims to accelerate Sanofi's drug development timeline and
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Wellpath to Deploy Awell to Enhance Care Delivery Across Network

by Fred Pennic 12/17/2024 Leave a Comment

What You Should Know:  - Wellpath, the largest provider of medical, dental and behavioral healthcare to correctional facilities has partnered with Awell, a care operations platform, to improve the quality and efficiency of care delivery across its vast network.  - The collaboration aims to leverage data-driven insights and AI-powered tools to optimize care pathways and enhance patient outcomes. Streamlining Operations and Enhancing Efficiency Awell's CareOps platform
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The Role of AI in Streamlining Cannabis Dosage Recommendations

by Fred Pennic 12/17/2024 Leave a Comment

The Role of AI in Streamlining Cannabis Dosage Recommendations

The use of medical cannabis is gaining traction for managing a wide range of conditions, from pain to stress. However, determining the right dosage remains a significant challenge.  Factors such as individual metabolism, tolerance levels, and body composition can influence how product potency affects individuals. While you can use these factors to make an educated guess on dosage, pinpointing the ideal potency level often takes experimentation.  However, artificial intelligence
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Digital Health at a Crossroads: Navigating Challenges and Opportunities in 2025

by Fred Pennic 12/16/2024 Leave a Comment

Digital Health at a Crossroads: Navigating Challenges and Opportunities in 2025

What You Should Know:  - The digital health industry is at a critical juncture, facing both challenges and opportunities as it navigates a shifting financial landscape and prepares for growth in 2025.  - A new report, “Digital Health Go-to-Market Report” from Summit Health Advisors, based on a survey of 103 senior leaders in the digital health sector, provides valuable insights into the current state and future outlook of the industry. Digital Health Investment Landscape The
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SailPoint Acquires Imprivata’s IGA Business

by Fred Pennic 12/16/2024 Leave a Comment

SailPoint Acquires Imprivata’s IGA Business

What You Should Know:  - SailPoint, a leader in identity security has acquired Imprivata's Identity Governance and Administration (IGA) business, expanding its portfolio of solutions for healthcare organizations. - In addition, SailPoint and Imprivata will collaborate as strategic partners in the healthcare market, offering integrated identity security and access management solutions. Support for Imprivata IGA Customers As part of the acquisition,​ Imprivata will promote
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Promise of Value-Based Care Through Engagement and Outreach

by Joy Avery, MSN, RN, SVP, Clinical Strategy, CipherHealth, and Donna Pritchard, DNP, FNP-BC, MSN, RN, VP, Clinical Services, CipherHealth 12/16/2024 Leave a Comment

Delivering on the promise of value-based care through engagement and outreach

The transformation of the healthcare landscape is undeniable. With the industry moving toward value-based care, the emphasis has shifted from volume of services to the actual value or outcome of care delivered. And while value-based care holds providers more accountable for results, it also grants resources and time to provide better, more patient-centric care.  But even years into the shift, no comprehensive guidebook for success remains. While providers are rewarded for higher-quality
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Zocdoc Report Reveals 2024 Insights into Patient Preferences and Behaviors

by Fred Pennic 12/13/2024 Leave a Comment

ZocDoc: 2024 Insights into Patient Preferences and Behaviors

What You Should Know:  - Zocdoc, a healthcare marketplace connecting patients with providers, has released its second annual "What Patients Want: 2024 Insights into Patient Preferences and Behaviors" report, providing valuable insights into patient preferences and behaviors in 2024.  - The report analyzes millions of interactions on the Zocdoc platform to identify key trends shaping the healthcare landscape.  Social Media's Influence on Healthcare The report highlights
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SpinSci Secures $53M for AI-Enhanced Patient Engagement

by Fred Pennic 12/13/2024 Leave a Comment

SpinSci Secures $53M for AI-Enhanced Patient Engagement

What You Should Know:  - SpinSci, a healthcare technology company specializing in AI-powered patient engagement solutions secures $53M majority investment from Aldrich Capital Partners.  - The company plans to use the funding to accelerate SpinSci's growth and innovation in delivering seamless digital experiences for healthcare providers and patients. Comprehensive Patient Journey Support SpinSci has disrupted the healthcare industry by delivering AI-driven solutions that
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1m Secures $10M to Transform Risk Management in Healthcare

by Fred Pennic 12/13/2024 Leave a Comment

1m Secures $10M to Transform Risk Management in Healthcare

What You Should Know:  - 1m, a data and analytics technology company focused on healthcare risk management, has announced a $10 million Series A financing round led by Banner Health, with participation from prominent healthcare organizations like Cleveland Clinic and Stanford Health Care.  - This investment will accelerate 1m's mission to empower healthcare systems with advanced risk management solutions. Addressing the Complexities of Healthcare Risk Healthcare providers
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