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Fred Pennic, Editor-in Chief | HIT Consultant

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

Medicaid Expansion Cuts Threaten $80B Loss for Healthcare Providers

by Fred Pennic 03/11/2025 Leave a Comment

Medicaid Expansion Cuts Threaten $80B Loss for Healthcare Providers

What You Should Know:  - A new analysis by the Urban Institute, supported by the Robert Wood Johnson Foundation, reveals that healthcare providers in 41 states that expanded Medicaid eligibility would face significant financial losses if federal funding for Medicaid expansion programs is cut.  - The potential drop in federal support could lead to nearly 11 million people losing health insurance coverage, triggering an $80B reduction in revenue for healthcare providers by
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Junction Raises $18M for Modern Healthcare Infrastructure

by Fred Pennic 03/11/2025 Leave a Comment

What You Should Know:  - Junction, a pioneering healthcare infrastructure company raises $18M in Series A funding round ed by Creandum, with participation from Y Combinator, Point Nine, Amino Collective, and Inflect Health. - The investment will accelerate the modernization of healthcare's foundational systems and enable the future of personalized care.  Addressing Healthcare's Infrastructure Problem The healthcare industry is undergoing a paradigm shift, with care
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Knack RCM Acquires PPM Partners, Expanding Expertise in Anesthesia RCM

by Fred Pennic 03/11/2025 Leave a Comment

Knack RCM Acquires PPM Partners, Expanding Expertise in Anesthesia RCM

What You Should Know:  - Knack RCM, a provider of tech-enabled revenue cycle management (RCM) services announced the acquisition of PPM Partners, a RCM provider specializing in the anesthesia sector. Financial details of the acquisition were not disclosed.  - The strategic move strengthens Knack RCM's position as a premier partner for anesthesia practices nationwide and expands its comprehensive suite of RCM solutions. PPM Partners Background Founded in 1991 and based in
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RLDatix Acquires IPeople Healthcare to Enhance EHR Data Accessibility and Patient Safety

by Fred Pennic 03/11/2025 Leave a Comment

RLDatix Acquires IPeople Healthcare to Enhance EHR Data Accessibility and Patient Safety

What You Should Know:  - RLDatix (RLD), a global leader in safety, workforce, and data solutions for healthcare systems, has announced the acquisition of IPeople Healthcare, a provider of business continuity and data accessibility solutions.  - The strategic move strengthens RLDatix's capabilities in ensuring seamless and uninterrupted access to electronic health record (EHR) data for healthcare providers, ultimately enhancing patient safety. IPeople's solutions address a
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Teladoc Health Expands Connected Care Partnerships to Enhance Integrated Virtual Care

by Fred Pennic 03/11/2025 Leave a Comment

Teladoc Health Launches Chronic Condition Management Solution

What You Should Know:  - Teladoc Health announced a significant expansion of its connected care partnerships, adding new categories such as digestive health, centers of excellence, fertility, and family building.  - The expansion strengthens Teladoc Health's integrated care offerings and provides its members with seamless access to a wider range of specialized services. New Partners The expanded partnerships build on Teladoc Health's existing collaborations with Hinge
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Veradigm Payer Insights: Close Care Gaps Directly in EHRs for 3,500+ Practices

by Fred Pennic 03/11/2025 Leave a Comment

Veradigm Payer Insights: Close Care Gaps Directly in EHRs for 3,500+ Practices

What You Should Know:  - Veradigm, a provider of healthcare data and technology solutions, has announced a significant milestone: over 3,500 healthcare practices across the U.S. are now leveraging Veradigm Payer Insights to receive real-time, gaps-in-care alerts directly within their EHRs. This integration with national and regional health plans is optimizing the way providers address patient care gaps. - By embedding actionable insights into providers' daily workflows, Veradigm Payer
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Digital Musculoskeletal Care Hinge Health Files for IPO

by Fred Pennic 03/10/2025 Leave a Comment

Hinge Health, Amazon Partner to Expand Access to Musculoskeletal (MSK) Care

What You Should Know:  - Hinge Health, a digital healthcare company, has announced that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its Class A common stock. - Hinge Health intends to list its Class A common stock on the New York Stock Exchange under the ticker symbol "HNGE." - Morgan Stanley, Barclays, and BofA Securities are acting as lead book-running managers for the proposed
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Patient Concerns Dismissed Named #1 Patient Safety Concern in 2025

by Fred Pennic 03/10/2025 Leave a Comment

Patient Concerns Dismissed Named #1 Patient Safety Concern in 2025

What You Should Know:  - ECRI, a global healthcare safety nonprofit, has identified dismissing patient, family, and caregiver concerns as the most significant threat to patient safety in 2025. - This alarming finding highlights a critical issue where time constraints, resource limitations, and unconscious biases lead to unaddressed patient concerns, potentially resulting in missed diagnoses and delayed treatments. The Prevalence of "Medical Gaslighting" A staggering 94% of
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Healthcare M&A Slowdown 2024: Alvarez & Marsal’s Raheel Khan on Market Challenges & 2025 Outlook

by Fred Pennic 03/10/2025 Leave a Comment

Healthcare M&A Slowdown 2024: Alvarez & Marsal's Raheel Khan on Market Challenges & 2025 Outlook

In 2024, the healthcare mergers and acquisitions (M&A) landscape experienced a notable slowdown, leaving industry stakeholders pondering the contributing factors and anticipating future trends. To shed light on this complex scenario, we sat down with Raheel Khan, Managing Director at Alvarez & Marsal Transaction Advisory Group. With extensive experience advising both buyers and sellers in the healthcare sector, Khan offers valuable insights into the forces shaping M&A activity, the
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Private Equity Acquisition of Walgreens Raises Concerns Over Patient Care and Financial Stability

by Fred Pennic 03/10/2025 Leave a Comment

PE Firm Sycamore Partners Acquires Walgreens in $23.7B Deal

What You Should Know:  - The recent announcement of private equity firm Sycamore Partners' acquisition of national pharmacy giant Walgreens has sparked significant concern, particularly from the nonprofit watchdog Private Equity Stakeholder Project (PESP).  - PESP has released a statement expressing deep wariness about the potential impact of this takeover on patient care, worker safety, and the company's financial stability. PESP's Concerns About Private Equity in
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