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Fred Pennic, Editor-in Chief | HIT Consultant

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

Layer Health Raises $21M for AI-Powered Medical Chart Review

by Fred Pennic 03/27/2025 Leave a Comment

Layer Health Raises $21M for AI-Powered Medical Chart Review

What You Should Know:  - Layer Health, a health technology company leveraging advanced AI to transform chart review, raises $21M in Series A funding round led by Define Ventures with participation from other prominent investors. - The funding will enable Layer Health to scale its AI-powered platform, expand its team, and further its mission to improve healthcare efficiency, reduce costs, and enhance patient outcomes. AI to Tackle Healthcare's Data Challenge Founded by veteran AI
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Marit Health Launches Anonymous Salary Sharing Platform to Empower Clinicians

by Fred Pennic 03/27/2025 Leave a Comment

Marit Health Launches Anonymous Salary Sharing Platform to Empower Clinicians

What You Should Know:  - Marit Health has announced the launch of its innovative community-powered, anonymous, and verified salary sharing platform for physicians and advanced practice providers (APPs).  - Developed by physicians and led by former Glassdoor and Transcarent executives, Marit aims to provide clinicians with free and real-time access to comprehensive compensation information, along with details on schedules, shifts, and benefits, empowering them to make more
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Taxo Raises $5M to Build Out Autonomous Systems for Healthcare

by Fred Pennic 03/27/2025 Leave a Comment

Taxo Raises $5M to Build Out Autonomous Systems for Healthcare

What You Should Know:  - Taxo, a company focused on transforming healthcare administration with its AI-powered data extraction and reasoning engine secures $5M in seed funding led by Y Combinator, General Catalyst, and Character, with participation from notable angel investors. - Taxo aims to free up healthcare professionals to focus on patient care, ultimately improving efficiency and reducing costs across the healthcare ecosystem. Taxo will utilize the funding to further develop its
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Report: Hospital OR Inefficiencies Lead to Staff Burnout, Patient Vulnerability

by Fred Pennic 03/27/2025 Leave a Comment

Report: Hospital OR Inefficiencies Lead to Staff Burnout, Patient Vulnerability

What You Should Know:  - A new report, commissioned by Proximie and informed by nearly 100 operating room (OR) experts across the UK and US, highlights the challenges facing the current OR landscape and offers key strategies for hospitals to maximize OR utilization, improve efficiency, and expand patient access to surgical procedures.  - The report emphasizes that inefficiencies in workflows, scheduling, and resource utilization are hindering productivity and negatively impacting
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Physician Sentiment on the Rise, AI Adoption Grows, But Challenges Remain

by Fred Pennic 03/26/2025 Leave a Comment

Physician Sentiment on the Rise, AI Adoption Grows, But Challenges Remain

What You Should Know:  - Physicians are expressing a more positive outlook on their profession compared to recent years, with increasing optimism about the role of AI in alleviating administrative burdens, according to athenahealth's fourth annual Physician Sentiment Survey (PSS).  - While concerns about the state of U.S. healthcare persist, the survey reveals a notable improvement in physicians' day-to-day sentiment, and a decrease in the number contemplating leaving
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Endo Launches Spatial Computing Injection Simulator with Apple Vision Pro for Medical Training

by Fred Pennic 03/26/2025 Leave a Comment

Endo Launches Spatial Computing Injection Simulator with Apple Vision Pro for Medical Training

What You Should Know:  - Endo, a pharmaceutical company, is breaking new ground in healthcare education with the launch of its innovative Spatial Computing Injection Simulator.  - The first-of-its-kind initiative leverages the power of spatial computing, also known as "mixed reality," to create a fully immersive learning environment for healthcare providers using Apple Vision Pro. XIAFLEX® and the Simulator's Purpose Endo designed this simulator to help hand specialists
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Pleio Launches OLLIE: AI-Powered Solution to Enhance Human-First Medication Adherence

by Fred Pennic 03/26/2025 Leave a Comment

Pleio Launches OLLIE: AI-Powered Solution to Enhance Human-First Medication Adherence

What You Should Know:  - Pleio, a company known for its human-centric, peer-to-patient platform, has unveiled its latest innovation: OLLIE™.  - The AI-powered solution is designed to deepen patient engagement, empower individuals from the outset of treatment, and establish a strong foundation for lasting behavioral treatment success.  The Problem of Medication Non-Adherence Medication non-adherence is a pervasive issue in healthcare, with nearly half of all patients
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AI Ambient Scribes Show Promise in Reducing Clinician Burnout, Research Reveals

by Fred Pennic 03/25/2025 Leave a Comment

AI Ambient Scribes Show Promise in Reducing Clinician Burnout, Research Reveals

What You Should Know:  - A new report from the Peterson Health Technology Institute (PHTI) reveals that early adopters of AI-powered "ambient scribe" technology, designed to automate note-taking during patient appointments, are reporting significant potential in reducing clinician burnout. However, the financial impact of these tools remains unclear. - Ambient scribes utilize artificial intelligence to convert patient-clinician conversations into EMR notes, aiming to alleviate the
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Pharma R&D Returns Surge in 2024, Driven by GLP-1 Therapies, Despite Rising Costs

by Fred Pennic 03/25/2025 Leave a Comment

Pharma R&D Returns Surge in 2024, Driven by GLP-1 Therapies, Despite Rising Costs

What You Should Know:  - The pharmaceutical research and development (R&D) sector is experiencing a significant upswing, with projected returns on investment climbing to 5.9% in 2024, according to a new report by Deloitte.  - This surge, building on 2023’s 4.1%, is largely attributed to the success of GLP-1 therapies, showcasing the lucrative potential of addressing substantial unmet medical needs. However, this positive trend is juxtaposed with rising drug development costs
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Navina Secures $55M to Expand AI-Powered Clinical Intelligence

by Fred Pennic 03/25/2025 Leave a Comment

Navina Secures $55M to Expand AI-Powered Clinical Intelligence

What You Should Know:  - Navina, a provider of AI-powered clinical intelligence raises $55M in Series C funding round, bringing its total funding to $100M.  - The investment, led by Growth Equity at Goldman Sachs Alternatives, with participation from existing investors including Vertex Ventures Israel, Grove Ventures, and ALIVE, will fuel Navina's expansion across the U.S. healthcare market and drive further innovation in its AI technology. AI-Powered Copilot Delivering
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