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Fred Pennic, Editor-in Chief | HIT Consultant

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

WakeMed Taps Helix to Launch Precision Medicine Program

by Fred Pennic 10/02/2024 Leave a Comment

WakeMed Taps Helix to Launch Precision Medicine Program

What You Should Know:  - Helix, a leader in precision health, and WakeMed, a renowned not-for-profit health system in Raleigh, N.C., are joining forces to launch a large-scale precision medicine program in Wake County.  - The precision medicine initiative aims to improve health outcomes for residents by providing access to personalized genetic insights, enhancing disease prevention efforts, and supporting local health research. A Community-Wide Effort to Transform
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Surescripts Secures Investment from TPG for Acclerated Growth

by Fred Pennic 10/02/2024 Leave a Comment

Surescripts Secures Investment from TPG to Accelerate Healthcare Innovation

What You Should Know:  - Surescripts, the nation's leading health information network, announced today that TPG Capital, the U.S. and European private equity platform of global alternative asset firm TPG, will become a majority investor.  - This strategic partnership with TPG will enable Surescripts to expand its impact and accelerate the development of innovative solutions that address critical healthcare needs.  Focus on Enhancing Patient Care and Streamlining
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VisiQuate Acquired by Accel-KKR to Tackle Healthcare’s Revenue Leakage Crisis

by Fred Pennic 10/01/2024 Leave a Comment

VisiQuate Acquired by Accel-KKR

What You Should Know:  - VisiQuate, a provider of advanced revenue cycle analytics, AI-powered workflow, and automation solutions, today announced its acquisition by Accel-KKR, a global technology-focused investment firm.  - The strategic acquisition marks a significant milestone for VisiQuate, enabling the company to leverage Accel-KKR's resources and expertise to further its growth and innovation in the healthcare revenue cycle management (RCM) space. Addressing Healthcare's
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Epic Declines to Appeal Carequality Resolution in Dispute with Particle Health

by Fred Pennic 10/01/2024 Leave a Comment

Epic Challenges Particle Health Over Data Access Practices

What You Should Know:  - In an ongoing dispute over patient data privacy, Epic Systems has announced it will not appeal the Carequality Steering Committee's resolution, urging Particle Health to do the same and allow for the immediate release of the full resolution document. Background of the Dispute The dispute arose earlier this year when Epic, acting on behalf of its customer governing council, filed a complaint with Carequality against Particle Health. Epic alleged that certain
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Sheba Medical Center & Mana.bio Partner to Advance AI-Driven RNA Delivery for Cancer & Autoimmune Therapies

by Fred Pennic 10/01/2024 Leave a Comment

Sheba Medical Center & Mana.bio Partner to Advance AI-Driven RNA Delivery for Cancer & Autoimmune Therapies

What You Should Know:  - Sheba Medical Center, a leading Israeli hospital renowned for its medical innovation, and its innovation arm, ARC Innovation, have announced a collaborative research agreement with Mana.bio.  - The partnership aims to leverage Mana.bio's AI-powered programmable RNA delivery platform to overcome technological hurdles in RNA therapeutics, paving the way for enhanced treatments for cancer and autoimmune diseases. Bridging Technological Gaps in RNA
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Frontier Bio’s Lab-Grown Lungs Offers Hope for Drug Development

by Fred Pennic 10/01/2024 Leave a Comment

Frontier Bio's Lab-Grown Lungs Offers Hope for Drug Development

What You Should Know:  - Frontier Bio Corporation has successfully created complex microscale lung tissue by combining 3D bioprinting with the self-assembling capabilities of stem cells, mirroring the natural organ development process.  - Frontier Bio's breakthrough in lab-grown lung tissue signifies a potential turning point in the fight against respiratory diseases and the quest for viable organ transplantation options. Addressing the Limitations of Animal Testing Animal
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FOMO Drives AI Investment in Healthcare, Despite Trust Concerns

by Fred Pennic 10/01/2024 Leave a Comment

FOMO Drives AI Investment in Healthcare, Despite Trust Concerns

What You Should Know:  - A new study by intelligent automation company ABBYY reveals that fear of missing out (FOMO) is a major factor driving AI investment in healthcare.  - The study reveals that 57% of global healthcare providers expressed concern that their organizations will fall behind if they don't embrace AI. Efficiency and Patient Service as Key Drivers While FOMO plays a role, over half (52%) of healthcare leaders also cite increased efficiency and improved
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Wellinks Acquires Spire Health, Launching Predictive Patient Care for COPD & CHF

by Fred Pennic 09/30/2024 Leave a Comment

Wellinks Acquires Spire Health, Launching Predictive Patient Care for COPD & CHF

What You Should Know:  - Wellinks, the leader in virtual-led cardiopulmonary care, has acquired Spire Health in a non-cash transaction.  - This strategic move merges Spire's cutting-edge patient monitoring technology with Wellinks' specialized virtual care model, establishing a first-of-its-kind, fully integrated Predictive Patient Care company. Addressing the Costly Burden of COPD and CHF Chronic Obstructive Pulmonary Disease (COPD) and Congestive Heart Failure (CHF)
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Avo Launches EHR-Integrated AI Consult Tool

by Fred Pennic 09/30/2024 Leave a Comment

Avo Launches EHR-Integrated AI Consult Tool

What You Should Know:  - Avo, a provider of healthcare AI solutions, announces the launch of Ask Avo, a first-of-its-kind, customizable AI consult tool that seamlessly integrates into Electronic Health Records (EHR) systems.  - Ask Avo harnesses patient data, institutional protocols, and updated medical guidelines to deliver trustworthy and relevant responses to complex clinical questions. Empowering Clinicians with Actionable AI Ask Avo functions as a "digital front door"
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Claim Denials Surge as Healthcare Providers Struggle with Tech Adoption

by Fred Pennic 09/30/2024 Leave a Comment

What You Should Know:  - A new Experian Health study reveals a concerning trend in the healthcare industry: claim denials are on the rise, and healthcare providers are increasingly hesitant to embrace technology solutions that could alleviate this burden.  - The Experian Health 2024 State of Claims survey paints a stark picture of the challenges providers face in managing their revenue cycles. The Growing Claim Denial Crisis Compared to a similar study conducted in 2022,
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