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Fred Pennic, Editor-in Chief | HIT Consultant

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

Backed by Visa, Osigu Secures $25M to Modernize Healthcare Payments Across Latin America

by Fred Pennic 10/25/2024 Leave a Comment

Backed by Visa, Osigu Secures $25M to Modernize Healthcare Payments Across Latin America

What You Should Know:  - Osigu, an AI-powered platform for healthcare claims and revenue management in Latin America and the Caribbean, has raised $25 million in Series B funding led by IDC Ventures, with strategic participation from Visa.  - Visa's strategic investment and partnership will drive the development of real-time payment solutions for healthcare providers. Addressing Healthcare Payment Inefficiencies The healthcare sector in Latin America and the Caribbean faces
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WellSky Acquires Bonafide to Enhance DME/HME Solutions

by Fred Pennic 10/25/2024 Leave a Comment

WellSky Acquires Bonafide to Enhance DME/HME Solutions

What You Should Know:  - WellSky, a provider of health and community care technology solutions, has acquired Bonafide, a prominent enterprise software solution for durable medical equipment (DME) and home medical equipment (HME) companies.  - By integrating Bonafide's technology and expertise, WellSky is providing DME/HME providers with the tools they need to succeed in a rapidly evolving healthcare landscape. Meeting the Demand for Patient-Centered Home Care The DME/HME
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Gradient Health Acquires DataAppraisal to Expand Medical AI

by Fred Pennic 10/25/2024 Leave a Comment

Gradient Health Acquires DataAppraisal to Expand Medical AI

What You Should Know:  - Gradient Health, a leading provider of medical imaging data for AI development, has acquired DataAppraisal, a healthcare AI company specializing in unlocking the value of anonymized data from health systems worldwide.  - The strategic acquisition will significantly expand Gradient Health's ability to provide medical AI developers with access to a vast and diverse collection of de-identified medical imaging studies, including datasets from underserved
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Infinitus Secures $51.5M to Advance AI-Powered Phone Automation in Healthcare

by Fred Pennic 10/25/2024 Leave a Comment

Infinitus Secures $51.5M to Advance AI-Powered Phone Automation in Healthcare

What You Should Know:  - Infinitus Systems, Inc., a pioneer in AI-powered phone automation for healthcare, has secured $51.5 million in Series C funding led by Andreessen Horowitz, with participation from Memorial Hermann Health System and existing investors Kleiner Perkins, Coatue, and GV (Google Ventures).  - The latest round brings the company's total funding to over $102M, fueling its mission to revolutionize healthcare operations and improve the patient
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General Catalyst Raises $8B w/ $750M for Health Assurance Fund

by Fred Pennic 10/24/2024 Leave a Comment

General Catalyst Raises $8B w/ $750M for Health Assurance Fund

What You Should Know:  - General Catalyst (GC), a global venture capital firm, has announced a significant milestone with the raise of $8B in new capital consisting of $6B for GC’s latest fund - Fund XII - and $2B in separately managed accounts).. - The substantial investment will accelerate GC's mission to advance health assurance and drive transformative innovations across various sectors, including AI, healthcare, and global resilience. $750M Allocated to Health Assurance
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PeopleOne Health Raises $32.3M to Reimagine Value-Based Primary Care

by Fred Pennic 10/24/2024 Leave a Comment

PeopleOne Health Raises $32.3M to Reimagine Value-Based Primary Care

What You Should Know:  - PeopleOne Health, a pioneer in value-based primary care, has secured up to $32.3M in Series B funding led by GV (Google Ventures), with participation from notable investors including healthcare entrepreneur Glen Tullman.  - The funding will accelerate PeopleOne Health's mission to transform primary care by providing a comprehensive, patient-centric, and cost-effective health benefit. Addressing the Healthcare Crisis As healthcare costs continue to
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Cognosos Acquires Cox Prosight, Enhancing RTLS for Hospitals

by Fred Pennic 10/24/2024 Leave a Comment

Cognosos Acquires Cox Prosight, Enhancing RTLS for Hospitals

What You Should Know:  - Cognosos, a provider of real-time location services (RTLS) for healthcare, has acquired Cox Prosight, an award-winning RTLS platform specifically designed for hospitals.  - This strategic acquisition combines Cognosos' AI-powered location technology with Cox Prosight's robust platform, creating a cutting-edge solution to address the operational challenges faced by hospitals today. Addressing Critical Needs for Hospitals This acquisition comes at a
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Philips, Medtronic Neurovascular Partner to Advocate for Improved Stroke Care

by Fred Pennic 10/24/2024 Leave a Comment

Philips, Medtronic Neurovascular Partner to Advocate for Improved Stroke Care

What You Should Know:  - Philips and Medtronic Neurovascular, an innovator in neurovascular therapies, have announced a strategic partnership to advocate for improved stroke care worldwide.  - Recognizing the critical need for timely diagnosis and treatment of stroke, the two companies are joining forces to raise awareness, improve access to care, and leverage technology to enhance stroke outcomes. The Global Burden of Stroke Stroke is a leading cause of disability and
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Report: The State of AI During the Great Burnout in Healthcare

by Fred Pennic 10/23/2024 Leave a Comment

Report: The State of AI During the Great Burnout in Healthcare

What You Should Know:  - Innovaccer Inc., a healthcare AI company, has released a new research report, "The State of AI During the Great Burnout in Healthcare," shedding light on the increasing role of AI in addressing the challenges faced by healthcare professionals.  - The report, based on a survey of 568 healthcare professionals, reveals that AI is being embraced as a crucial tool for reducing administrative burden, improving operational efficiency, and mitigating clinician
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HCA Healthcare, Commure to Deploy Ambient AI Platform Across Enterprise

by Fred Pennic 10/23/2024 Leave a Comment

HCA Healthcare, Commure to Deploy Ambient AI Platform Across Enterprise

What You Should Know:  - HCA Healthcare, one of the nation's largest healthcare providers has selected Commure to develop and deploy an ambient AI platform across its vast network of healthcare professionals.  - By automating clinical documentation and streamlining workflows, this innovative platform has the potential to transform healthcare delivery and improve patient outcomes across HCA Healthcare's vast network of facilities. Transforming Healthcare Through
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