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Fred Pennic, Editor-in Chief | HIT Consultant

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

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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April Health and Wysa Merge to Transform Behavioral Healthcare Access

by Fred Pennic 03/10/2025 Leave a Comment

April Health and Wysa Merge to Transform Behavioral Healthcare Access

What You Should Know:  - April Health, a provider of integrated behavioral health solutions announced a merger with Wysa, a global leader in AI-powered mental health support.  - The collaboration aims to address the urgent need for accessible and timely mental healthcare by combining human-led care with Wysa's clinically proven AI. Addressing the Mental Health Crisis Access to mental healthcare remains a significant challenge, particularly in underserved areas. Long wait
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Azalea Health Launches AI-Powered Clinical and Billing Assistants

by Fred Pennic 03/10/2025 Leave a Comment

Azalea Health Launches AI-Powered Clinical and Billing Assistants

What You Should Know:  - Azalea Health, a provider of cloud-based healthcare IT solutions launches Clinical Assistant and Billing Assistant, two new AI-powered products designed to streamline workflows and improve efficiency for healthcare professionals.  - These intelligent AI agents seamlessly integrate into daily operations, reducing manual effort and allowing providers and billers to focus on what matters most: patient care and revenue cycle management. Clinical Assistant:
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My Patient, an Asian Male Like Me, Wanted to Know Cancer Outcomes for Patients Like Him. Ten Years Later, Are We There Yet?

by C.K. Wang, Chief Medical Officer at COTA Healthcare 03/10/2025 Leave a Comment

My Patient, an Asian Male Like Me, Wanted to Know Cancer Outcomes for Patients Like Him. Ten Years Later, Are We There Yet?

Improving outcomes for cancer patients starts with answering a simple question: Do our data and tools reflect the people we treat? Nearly a decade ago, I worked with a patient, a 50-year-old Asian male, who was diagnosed with stage III colon cancer during his first screening colonoscopy. He had just undergone surgery, and, as his medical oncologist, I recommended chemotherapy – the standard of care. He was adamantly opposed, prioritizing his active lifestyle and busy work and travel
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PE Firm Sycamore Partners Acquires Walgreens in $23.7B Deal

by Fred Pennic 03/06/2025 Leave a Comment

Walgreens, Pearl Health Partner to Expand Value-Based Care Delivery

What You Should Know:  - Walgreens Boots Alliance (WBA) has announced a definitive agreement to be acquired by an entity affiliated with Sycamore Partners, a private equity firm specializing in retail, consumer, and distribution-related investments.  - The total value of the transaction is estimated to be up to $23.7B. Deal Structure and Shareholder Value WBA shareholders will receive $11.45 per share in cash at closing, along with a non-transferable right (DAP Right) to
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ModMed Launches AI-Powered Scribe for Dermatology to Transform Clinical Documentation

by Fred Pennic 03/06/2025 Leave a Comment

ModMed Launches AI-Powered Scribe for Dermatology to Transform Clinical Documentation

What You Should Know:  - ModMed, a provider of specialty-specific healthcare technology announced the upcoming launch of ModMed Scribe, an AI-powered ambient listening solution designed to revolutionize EHR documentation for dermatologists.  - The tool automates note-taking, streamlines workflows, and empowers dermatologists to focus more on patient care. Addressing the Documentation Burden Documentation demands can be a significant drain on clinicians' time and energy,
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Withings Analysis Reveals Millions May Be Misclassified as Overweight or Obese

by Fred Pennic 03/06/2025 Leave a Comment

Withings Analysis Reveals Millions May Be Misclassified as Overweight or Obese

What You Should Know:  - Withings, a pioneer in connected health, announced findings from a groundbreaking analysis of body composition data, challenging the traditional reliance on Body Mass Index (BMI) for assessing obesity.  - The study published in The Lancet Diabetes & Endocrinology, which analyzed data from 3.4 million anonymized Withings scale users, revealed that 38.2% of individuals classified as overweight or obese based on BMI would be reclassified under newly
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Latitude Health Launches AI-Native Utilization Management Solution

by Fred Pennic 03/06/2025 Leave a Comment

Latitude Health Launches AI-Native Utilization Management Solution

What You Should Know:  - Latitude Health, a San Francisco, CA-based company is emerging out of stealth with the launch of its AI-driven utilization management designed to eliminate inefficiencies, reduce costs, and improve patient outcomes.  - Backed by  Redesign Health, Latitude Health's commitment to improving healthcare is deeply rooted in the personal experiences of its industry veteran co-founders, Chuck Feerick and Guru Nadiger.  AI-Powered UM Designed with
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