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Fred Pennic, Editor-in Chief | HIT Consultant

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

Mayo Clinic Receives $20M Gift to Propel AI and Cancer Research

by Fred Pennic 06/27/2024 Leave a Comment

Mayo Clinic Receives $20M Gift to Propel AI and Cancer Research

What You Should Know:  - Mayo Clinic has announced a generous $20M gift from Dwight and Dian Diercks that will significantly advance key elements of Mayo Clinic's vision, including the Mayo Clinic Platform and the application of artificial intelligence (AI) for early cancer detection and intervention.  - In recognition of this support, Mayo Clinic will establish the Dwight and Dian Diercks President, Mayo Clinic Platform, and create the Heidi Diercks Krause Fund in AI Innovation
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Google and TikTok Ban Done Global Ads Amid Telehealth Adderall Controversy

by Fred Pennic 06/27/2024 Leave a Comment

Google and TikTok Ban Done Global Ads Amid Telehealth Adderall Controversy

What You Should Know:  - Following federal investigations into Done Global's Adderall prescribing practices, Google and TikTok have banned the telehealth company from advertising on their platforms. - A spokesperson for LegitScript declined to comment on the specific situation regarding Done Global. Adderall and ADHD Treatment Under Scrutiny Adderall, a stimulant medication commonly used to treat Attention Deficit Hyperactivity Disorder (ADHD), is at the center of the
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Arcadia Acquires CareJourney to Enable High-Performing Networks

by Fred Pennic 06/27/2024 Leave a Comment

Arcadia Acquires CareJourney to Enable High-Performing Networks

What You Should Know:  - Arcadia has acquired CareJourney®, a leading provider of clinically relevant healthcare data and AI-powered insights.  - The deal strengthens Arcadia's position as a trusted partner for leading healthcare brands like Southwestern Health Resources, Tandigm, Castell, Rush Health, and Beth Israel Lahey Health.  - With the acquisition, Arcadia's customer portfolio grows to nearly 200, encompassing providers, payers, government agencies, and life
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VenoStent Raises $20M for Dialysis Solution, Secures $3.6M NIH Grant for U.S. Dialysis Therapeutic Clinical Trial

by Fred Pennic 06/27/2024 Leave a Comment

VenoStent Raises $20M for Dialysis Solution, Secures $3.6M NIH Grant for U.S. Dialysis Therapeutic Clinical Trial

What You Should Know:  - VenoStent, Inc., a medical device company pioneering a new approach to improve dialysis patient outcomes, announced the successful completion of its Series A funding round. The round closed at $20M, with Norwest Venture Partners contributing an additional $4M to join Good Growth Capital and IAG Capital Partners as co-leads. - VenoStent also welcomes Dr. Zack Scott, Norwest General Partner, and Dr. Ehi Akhirome, Norwest Investor, to its board of
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Philips Expands Cloud-Based Imaging with IntelliSpace Radiology on AWS

by Fred Pennic 06/27/2024 Leave a Comment

Philips Expands Cloud-Based Imaging with IntelliSpace Radiology on AWS

What You Should Know:  - Philips, a leader in health technology, announced today a significant advancement for its IntelliSpace Radiology platform. Existing customers in North America will now have the option to transition to a cloud-based version hosted on Amazon Web Services (AWS).  - This strategic expansion positions Philips at the forefront of cloud-based healthcare solutions, offering improved efficiency, enhanced security, and powerful AI integration. Benefits of
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Sidecar Health Secures $165M to Disrupt Employer-Sponsored Healthcare

by Fred Pennic 06/27/2024 Leave a Comment

Sidecar Health Secures $165M to Disrupt Employer-Sponsored Healthcare

What You Should Know:  - Sidecar Health, a health insurance provider for businesses raises $165M in a Series D funding round led by Koch Disruptive Technologies with participation from new and existing investors such as GreatPoint Ventures, BOND, Cathay Innovation, Drive Capital, Duke University, Menlo Ventures, and Morpheus. - Sidecar Health's $165 million funding round and strategic partnership with Koch Industries position them as a major disruptor in the employer-sponsored health
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Fighting Rectal Cancer with AI: Researchers Secure $2.78M Grant

by Fred Pennic 06/27/2024 Leave a Comment

Black and Hispanic Patients Face Higher Liver Cancer ED Visits

What You Should Know:  - A glimmer of hope emerged today for rectal cancer patients as a collaborative effort between Case Western Reserve University (CWRU), Cleveland Clinic, and University Hospitals (UH) received a $2.78 million grant over five years from the National Institutes of Health and National Cancer Institute. This grant will fuel research leveraging artificial intelligence (AI) to personalize treatment for rectal cancer patients. - The new research effort signifies a
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American College of Radiology Launches Medical Practice AI Quality Assurance Program

by Fred Pennic 06/26/2024 Leave a Comment

American College of Radiology Launches Medical Practice AI Quality Assurance Program

What You Should Know:  - The American College of Radiology (ACR) has taken a groundbreaking step towards ensuring the safe and effective use of artificial intelligence (AI) in radiology practices. They've launched the ACR Recognized Center for Healthcare-AI (ARCH-AI), the first national quality assurance program of its kind. - The program is built on best practices established by experts in the field. It outlines a clear framework for implementing AI in real-world radiology settings,
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AWS Invests $10M to Fight Childhood Diseases with GenAI & Cloud Innovation

by Fred Pennic 06/26/2024 Leave a Comment

AWS Invests $10M to Fight Childhood Diseases with GenAI & Cloud Innovation

What You Should Know:  - Amazon Web Services (AWS) announced a significant $10M commitment to propel research for pediatric healthcare and unlock a deeper understanding of rare childhood diseases.  - The initiative targets a critical gap in resources and aims to empower researchers to develop more effective treatments for vulnerable young patients. A Mother's Story Fuels the Fight Nicole Giroux's daughter Lila's journey with inoperable brain cancer at just 15 months old
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PicnicHealth Unveils Universal Patient Record with GenAI

by Fred Pennic 06/26/2024 Leave a Comment

PicnicHealth Unveils Universal Patient Record with GenAI

What You Should Know:  - PicnicHealth, a company focused on empowering health and research through patient data, announced PicnicAI, a technology platform unlocking the long-awaited Universal Patient Record.  - The innovative platform leverages the power of artificial intelligence (AI) to collect and interpret medical records from across the United States, transforming them into valuable insights for both patients and researchers. PicnicAI: Powering Personalized Care and
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