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Fred Pennic, Editor-in Chief | HIT Consultant

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

Smith+Nephew and HOPCo Partner to Enhance Musculoskeletal Care

by Fred Pennic 07/31/2024 Leave a Comment

Smith+Nephew and HOPCo Partner to Enhance Musculoskeletal Care

What You Should Know:  - Smith+Nephew, a global leader in medical technology, has announced a strategic partnership with Healthcare Outcomes Performance Company (HOPCo), the world’s largest musculoskeletal (MSK) value-based care and outcomes management company. This collaboration aims to improve patient outcomes and efficiency in ambulatory surgery centers (ASCs) through the integration of advanced digital technologies. AI-powered Analytics for Musculoskeletal Procedures The
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TRIPP Launches Kōkua XR, AI-Powered Meditation in VR

by Fred Pennic 07/30/2024 Leave a Comment

Study: Virtual Reality Effective for Ketamine-Assisted Therapy

What You Should Know:  - TRIPP, a wellness technology company, announced the launch of Kōkua XR, an AI-powered meditation guide available in virtual reality.  - Building on the success of its mobile version, Kōkua XR leverages TRIPP’s vast dataset of user experiences to deliver highly personalized and interactive meditation sessions. Kōkua XR: A Personalized Wellness Experience Named after the Hawaiian concept of selfless care and support, Kōkua XR analyzes users’ mood data
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RansomHub Leaks 175GB of Data from Clinical Research Institute

by Fred Pennic 07/29/2024 Leave a Comment

RansomHub Leaks 175GB of Data from Clinical Research Institute

What You Should Know: - The Baim Institute for Clinical Research, a leading non-profit academic research organization, has fallen victim to a significant ransomware attack, according to Safety Detective’s cybersecurity team. The cyberattack, perpetrated by the RansomHub group, resulted in the theft and subsequent leak of 175 GB of sensitive data. - The stolen data includes a wide range of confidential information, including clinical trial programs, financial data, patient information, and
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AvaSure Acquires Ouva’s Smart Room Solutions to Enhance AI-Powered Virtual Care Platform

by Fred Pennic 07/29/2024 Leave a Comment

AvaSure Acquires Ouva’s Smart Room Solutions to Enhance AI-Powered Virtual Care Platform

What You Should Know:  - AvaSure, a provider of acute virtual care, announced today the acquisition of Ouva's smart room solutions. This strategic move aims to accelerate the development of AI-powered virtual care solutions for hospitals.  - By integrating Ouva's advanced AI capabilities into its Intelligent Virtual Care Platform, AvaSure will significantly expand its offerings and enhance patient care. Financial details of the acquisition were not disclosed.  Expanding
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Fitbit Study Reveals Sleep Duration, Quality, and Consistency Linked to Wide Range of Health Outcomes

by Fred Pennic 07/29/2024 Leave a Comment

Fitbit Study Reveals Sleep Duration, Quality, and Consistency Linked to Wide Range of Health Outcomes

What You Should Know:  - A groundbreaking new study published in Nature Medicine has unveiled the profound impact of sleep duration, quality, and consistency on human health.  - Leveraging data from nearly 6.5 million nights of sleep collected from over 6,700 Fitbit users, researchers have uncovered significant correlations between sleep patterns and a wide range of health outcomes. Why Sleep Duration and Quality Matters The study, a collaboration between Vanderbilt
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CoachCare Secures $48M to Expand Remote Patient Monitoring Platform

by Fred Pennic 07/26/2024 Leave a Comment

CoachCare Secures $48M to Expand Remote Patient Monitoring Platform

What You Should Know:  - CoachCare, a provider of remote patient monitoring (RPM) and virtual care management solutions raises $48M in strategic growth investment led by Integrity Growth Partners (IGP). The funding will fuel the company’s expansion and enhance its platform to meet the growing demand for remote care solutions. Addressing the Rise of Chronic Disease The increasing prevalence of chronic conditions such as obesity, hypertension, and diabetes has placed a significant
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UMPC, TGH Invests in Medicom’s Enterprise Imaging Interoperability Platform

by Fred Pennic 07/26/2024 Leave a Comment

UMPC, TGH Invests in Medicom’s Enterprise Imaging Interoperability Platform

What You Should Know:  - Medicom, a health tech company specializing in enterprise imaging interoperability, announced the successful completion of an oversubscribed strategic financing round. The funding round saw significant participation from healthcare industry leaders, including UPMC Enterprises and Tampa General Hospital Ventures along with expanded participation from existing investors Cone Health Ventures, Oval Park Capital and Grayhawk Capital, as well as local Triangle venture
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Humana to Leverage Google Cloud’s GenAI Capabilities to Improve Member Experiences

by Fred Pennic 07/26/2024 Leave a Comment

WellSky Taps Google Cloud to Build Gen AI Tools for Providers

What You Should Know:  - Humana Inc. (NYSE: HUM) announced a strategic multi-year agreement with Google Cloud to accelerate healthcare innovation through advanced cloud infrastructure and AI capabilities. This expanded partnership builds upon an existing collaboration between Humana and Google Health, focused on population health and AI solutions. - While the financial terms of the agreement were not disclosed, the partnership underscores both companies' commitment to transforming
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Oschner Ventures Launches $10M Ochsner Louisiana Innovation Fund

by Fred Pennic 07/26/2024 Leave a Comment

Oschner Ventures Launches $10M Ochsner Louisiana Innovation Fund

What You Should Know:  - Ochsner Ventures, the investment arm of Ochsner Health has announced the creation of the Ochsner Louisiana Innovation Fund.  - This $10M fund will invest in early-stage health and health-adjacent companies based in or with strong ties to Louisiana. The initiative is a collaborative effort between Ochsner Health and the Louisiana Economic Development (LED) agency, leveraging the State Small Business Credit Initiative (SSBCI). Focus on Improving
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CMS Establishes National Payment for AI Prostate Cancer Mapping

by Fred Pennic 07/26/2024 Leave a Comment

CMS Establishes National Payment for AI Prostate Cancer Mapping Technology

What You Should Know:  - Avenda Health, a pioneer in AI-powered prostate cancer care, announced today that the Centers for Medicare & Medicaid Services (CMS) has assigned a national payment rate for its prostate cancer mapping technology, Unfold AI.  - This significant development, alongside the establishment of a new Category III code by the American Medical Association (AMA), paves the way for broader adoption of Unfold AI and improved prostate cancer diagnosis and
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