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Fred Pennic, Editor-in Chief | HIT Consultant

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

HHS Unveils AI Strategic Plan for Healthcare, Human Services and Public Health

by Fred Pennic 01/10/2025 Leave a Comment

HHS Unveils AI Strategic Plan for Healthcare, Human Services and Public Health

What You Should Know:  - The U.S. Department of Health and Human Services (HHS) today has released its Artificial Intelligence (AI) Strategic Plan, outlining a comprehensive vision for how AI can transform healthcare, human services, and public health.  - The HHS AI Strategic Plan serves as a call to action for the healthcare industry, encouraging stakeholders to embrace AI's potential while prioritizing ethical considerations and equitable access.  HHS AI Strategic Plan
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MultiCare VC Arm Invests in AI-Powered Chart Review Platform Layer Health

by Fred Pennic 01/10/2025 Leave a Comment

MultiCare VC Arm Invests in AI-Powered Chart Review Platform Layer Health

What You Should Know:  - MultiCare Capital Partners, the venture arm of large health system MultiCare, today is announcing a strategic investment in Layer Health, a healthcare AI company specializing in automating chart review.  - The investment will accelerate Layer Health's growth and expand the reach of its innovative platform across the healthcare industry. Financial terms of the investment were not disclosed.  AI-Powered Chart Review Chart review, a critical task
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Atropos Health Collaborates with Merck to Accelerate Real-World Evidence Generation

by Fred Pennic 01/10/2025 Leave a Comment

Atropos Health Collaborates with Merck to Accelerate Real-World Evidence Generation

What You Should Know:  - Atropos Health, a pioneer in real-world evidence (RWE) generation, announced a collaboration with Merck to leverage its innovative platform for rapid insights and analytics from real-world data (RWD).  - The strategic partnership will enable Merck's data science and RWE teams to conduct advanced analyses and generate publication-grade studies in less than 48 hours. - The collaboration follows Atropos Health's recent launch of ChatRWD™, a groundbreaking
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Innovaccer Secures $275M to Accelerate AI Innovation in Healthcare

by Fred Pennic 01/09/2025 Leave a Comment

Innovaccer Secures $275M to Accelerate AI Innovation in Healthcare

What You Should Know:  - Innovaccer Inc., a healthcare AI company, announced today a $275M Series F funding round. - The latest investment, combined with primary and secondary funding, includes participation from prominent investors such as B Capital Group, Banner Health, Danaher Ventures LLC, Generation Investment Management, Kaiser Permanente, and M12. Focus on AI-Powered Solutions Innovaccer plans to introduce multiple AI copilots and agents to its comprehensive suite of
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Amwell Divests Psychiatric Care Business to Avel eCare for $21M

by Fred Pennic 01/09/2025 Leave a Comment

Amwell Divests Psychiatric Care Business to Avel eCare for $21M

What You Should Know:  - Amwell (NYSE: AMWL), a leading global provider of digital care solutions, announced today the sale of its Amwell Psychiatric Care (APC) business to Avel eCare, a prominent provider of clinician-to-clinician telehealth services.  - The strategic divestiture allows Amwell to further sharpen its focus on key growth areas, drive greater efficiencies, and better align with evolving client needs in the digital health market. Strategic Divestiture and
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Eko Health Appoints Justin Spencer as Chief Financial Officer

by Healthcare Executive Hires 01/09/2025 Leave a Comment

Eko Health Appoints Justin Spencer as Chief Financial Officer

What You Should Know:  - Eko Health, a pioneer in AI-powered heart and lung disease detection, announced today the appointment of Justin Spencer as Chief Financial Officer (CFO).  - Spencer brings a wealth of experience in scaling technology companies and driving financial success, making him a valuable addition to Eko's executive leadership team. Spencer Bio/Background Spencer's impressive track record includes serving as CFO at Vocera Communications, Symmetricom, and
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Qure.ai Appoints Jim Mercadante as Chief Commercial Officer

by Healthcare Executive Hires 01/09/2025 Leave a Comment

What You Should Know: - Qure.ai, a global provider of AI-powered healthcare solutions, announced the appointment of Jim Mercadante as its new Chief Commercial Officer. - Based in New York, Mercadante will lead the company's global sales and business development strategy, driving further expansion and market penetration. Mercadante Bio/Background Jim Mercadante brings extensive experience in commercial leadership, sales, business growth, and strategic marketing within the healthcare industry. He has held leadership positions at prominent companies such as Abbott, Johnson & Johnson, GE, Terumo, and most recently, Rapid AI. With a strong presence in over 90 countries, Qure.ai has experienced significant growth in Asia, Africa, the Middle East, and Europe. The company's AI-powered solutions are now gaining traction in North and South America, creating the need for expanded commercial leadership. With Mercadante's leadership and the support of its recent funding, Qure.ai is well-positioned to continue its rapid growth and solidify its position as a global leader in AI-driven healthcare solutions. "Qure.ai stands out for its exceptional people, cutting-edge technology, and clear vision for the future of healthcare. I’m excited to contribute to the company’s growth as we continue to expand globally and develop AI solutions that address critical healthcare challenges," said Jim Mercadante, Chief Commercial Officer of Qure.ai.

What You Should Know:  - Qure.ai, a global provider of AI-powered healthcare solutions, announced the appointment of Jim Mercadante as its new Chief Commercial Officer.  - Based in New York, Mercadante will lead the company's global sales and business development strategy, driving further expansion and market penetration. Mercadante Bio/Background Jim Mercadante brings extensive experience in commercial leadership, sales, business growth, and strategic marketing within the
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Q/A: Cedar Exec Talks The Untapped Potential of AI in Healthcare Call Centers in 2025

by Fred Pennic 01/08/2025 Leave a Comment

Cedar Exec Talks The Untapped Potential of AI in Healthcare Call Centers in 2025

What if AI could dramatically reduce call volume, improve patient satisfaction, and empower your call center staff?  In this exclusive interview, Dugan Winkie, Head of Commercial Strategy at Cedar, sheds light on the often-overlooked opportunity of leveraging AI in healthcare call centers. Winkie explores the unique challenges and opportunities AI presents for providers, highlighting the potential for increased efficiency, improved patient experiences, and significant financial gains. He
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FIRE1 Secures $120M for Heart Failure Management Platform

by Fred Pennic 01/08/2025 Leave a Comment

FIRE1 Secures $120M for Heart Failure Management Platform

What You Should Know:  - FIRE1, a connected medical device company, announced it has secured $120M in funding to advance its mission to transform the lives of millions of people living with heart failure. The round was led by Polaris Partners and Elevage Medical Technologies, joined by new investors Sands Capital and Longitude Capital, and existing investors Andera Partners, Gilde Healthcare, Gimv, the Ireland Strategic Investment Fund, Lightstone Ventures, Medtronic, NEA (New Enterprise
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Transcarent to Acquire Accolade in $621M Deal, Creating a Unified Platform for Personalized Healthcare

by Fred Pennic 01/08/2025 Leave a Comment

Transcarent to Acquire Accolade in $621 Million Deal, Creating a Unified Platform for Personalized Healthcare

What You Should Know:  - Transcarent, a health and care platform, announced today that it will acquire Accolade (NASDAQ: ACCD), a leader in health advocacy and primary care, for $7.03 per share in cash, representing a total equity value of approximately $621M.  The merger consideration represents a significant premium over Accolade's recent stock price, reflecting the strategic value of this transaction. Transcarent will finance the acquisition through equity financing led by
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