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Fred Pennic, Editor-in Chief | HIT Consultant

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

Ultralight Raises $9.3M to Launch AI-Native Operating System for Healthcare

by Fred Pennic 04/13/2026 Leave a Comment

Ultralight Raises $9.3M to Launch AI-Native Operating System for Healthcare

What You Should Know: The Rebrand and Raise: Vibrant Practice has officially rebranded to Ultralight and announced a $9.3M funding round to build an AI-native operating system for modern medicine.The Backers: The round was led by The General Partnership, with participation from Wisdom Ventures, Anthemis Group, Emerson Collective, GSBackers, and notable angel investors, including former Surgeon General Vivek Murthy. The DPC Tipping Point Direct Primary Care (DPC) practices tripled among
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The AI Arms Race: Why PHTI Warns Healthcare ‘Bot Wars’ Are Inflating Medical Costs

by Fred Pennic 04/13/2026 Leave a Comment

What You Should Know:  - A newly released report from the Peterson Health Technology Institute finds that while AI is reducing administrative burden for individual organizations, it is not lowering system-wide costs—and may, in fact, be increasing them. - The reason: AI is accelerating activity across the system—more prior authorization submissions, more billing complexity, and more back-and-forth between providers and payers—without fixing the underlying structural
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symplr Appoints Former Edifecs Executive Venkat Kavarthapu as CEO

by Healthcare Executive Hires 04/13/2026 Leave a Comment

symplr Appoints Former Edifecs Executive Venkat Kavarthapu as CEO

What You Should Know The Appointment: Enterprise healthcare operations software giant symplr has appointed Venkat Kavarthapu as its new Chief Executive Officer, effective immediately.The Leadership Transition: Kavarthapu succeeds Chris Colpitts, who had been serving as interim CEO since November 2025. Colpitts will remain heavily involved, maintaining his role as Executive Chairman of the Board. Kavarthapu Background Kavarthapu is a 25-year veteran of health-tech, but he most recently
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The Push for Side-by-Side Prescription Pricing in EHR Workflows

by Lathe Bigler, SVP, Business Strategy, Buzz Health 04/13/2026 Leave a Comment

The Push for Side-by-Side Prescription Pricing in EHR Workflows

Prescribing has evolved into a financial decision as much as a clinical one. As a result, one of the most consequential access moments is now occurring inside the electronic health record (EHR) during the prescribing workflow, when cost information surfaces and treatment decisions are finalized.  As affordability pressures intensify across commercial, Medicare, and Medicaid populations, patient out-of-pocket costs have become a primary driver of whether therapy is initiated or abandoned.
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Death by a Thousand Vendors: Solera Report Reveals The Hidden Costs of Digital Health

by Fred Pennic 04/10/2026 Leave a Comment

Death by a Thousand Vendors: The Hidden Costs of Digital Health Solera Health Report

What You Should Know:  The Report: Solera Health released a research report titled "Death by a Thousand Vendors: The Hidden Costs of Digital Health". The survey included 106 senior benefits leaders at organizations with 1,000 or more employees.The Financial Drain: 90% of organizations spend more than $1 million annually on digital health. The estimated median annual cost of simply managing these vendors—including full-time employees and consultants—is approximately $580,000 on top of the
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Qventus Report: 94% of Healthcare CIOs Say AI Delays Create Competitive Disadvantage

by Fred Pennic 04/10/2026 Leave a Comment

Qventus Report: 94% of Healthcare CIOs Say AI Delays Create Competitive Disadvantage

What You Should Know:  Qventus released a new industry report surveying 60+ CIOs, Chief AI Officers, CMIOs, and other senior IT leadership from national health systems, including HonorHealth, University of Arkansas for Medical Sciences, and Rochester Regional Health to uncover how they are spending, evaluating, and regulating AI.The report, Beyond the Pilot: How CIOs Are Operationalizing AI Across Health Systems in 2026, confirms that the AI market is at a pressure point. As EHR giants
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Amazon Pharmacy Partners with Eli Lilly to Offer Foundayo GLP-1 with Same-Day Delivery

by Fred Pennic 04/09/2026 Leave a Comment

Amazon Pharmacy Partners with Eli Lilly to Offer Foundayo GLP-1 with Same-Day Delivery

What You Should Know The Drug: Amazon Pharmacy is now dispensing Foundayo™, Eli Lilly's recently approved, once-daily oral GLP-1 medication indicated for adults with obesity or overweight with weight-related medical problems.The Pricing: Amazon is utilizing radical price transparency and automatic couponing. With insurance, the drug costs $25 per month ($1 per day). For cash-pay customers, it is aggressively priced at $149 per month ($5 per day). How Amazon Pharmacy's Same-Day GLP-1
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Luminai Secures $38M, Inks Enterprise AI Partnership with Cleveland Clinic

by Fred Pennic 04/09/2026 Leave a Comment

Luminai Secures $38M, Inks Enterprise AI Partnership with Cleveland Clinic

What You Should Know: The Funding: Luminai, an AI-native enterprise automation platform for healthcare, has closed a $38M Series B round led by Peak XV Partners, bringing its total funding to $60M.The Mega-Partnership: Luminai simultaneously announced a massive enterprise AI deployment with the Cleveland Clinic (which serves 15 million patients across 23 hospitals). The initial use case uses AI to process, classify, and intelligently route complex faxed referrals across thousands of possible
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Click Therapeutics Secures $50M to Commercialize Schizophrenia Digital Therapeutic

by Fred Pennic 04/09/2026 Leave a Comment

Dassault Systèmes Invests in Click Therapeutics to Advance Digital Therapeutics

What You Should Know Boehringer Ingelheim and Click Therapeutics have restructured their commercialization agreement for CT-155. Boehringer is transferring all commercial and marketing rights to Click, backed by a $50M Series D strategic investment and undisclosed dedicated commercial funding. The Clinical Moat: Conquering 'Negative' Symptoms To understand why Boehringer is willing to pour $50M into Click's commercial engine, you have to look at the massive clinical unmet need
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Mount Sinai Unveils Real-Time Intraocular Pressure Monitoring in Glaucoma Surgery

by Fred Pennic 04/09/2026 Leave a Comment

Mount Sinai Unveils Real-Time Intraocular Pressure Monitoring in Glaucoma Surgery

What You Should Know The Technology: A team at Mount Sinai has developed miDOC (micro-interventional Dynamic Outflow Curve), a novel surgical technology designed to continuously measure critical fluid dynamics inside the eye during surgery.The Solution: miDOC provides real-time, intraoperative measurements of pressure, flow, outflow facility, and ocular compliance. This allows the surgeon to dynamically adjust the procedure based on the patient's immediate physiological response. How Mount
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