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Fred Pennic, Editor-in Chief | HIT Consultant

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

Assort Health Raises $120M at a $1.2B Valuation to Scale Patient Access AI Agents

by Fred Pennic 06/24/2026 Leave a Comment

Assort Health Raises $120M at a $1.2B Valuation to Scale Patient Access AI Agents

What You Should Know Patient access automation leader Assort Health has announced a $120M Series C funding round led by Menlo Ventures, valuing the company at $1.2B.The financing brings Assort's total capital raised to more than $222M, solidifying its position as an institutional standard for AI-driven ambulatory operations.Moving past isolated voice bots, the platform leverages Patient Journey Memory to connect scheduling, intake, real-time eligibility, medication refills, and payments into
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Cadence Secures $100M, Partners with Duke Health to Scale Chronic Care AI

by Fred Pennic 06/24/2026 Leave a Comment

Cadence Secures $100M, Partners with Duke Health to Scale Chronic Care AI

What You Should Know Clinical AI leader Cadence has announced a $100 million Series C funding round led by Spark Capital, with heavy participation from Thrive Capital, General Catalyst, Coatue, and major health system venture arms.The company has simultaneously finalized new clinical affiliations with Duke Health and Texas Health Resources, expanding its national footprint to over 20 prominent health systems.Cadence now treats more than 100,000 active older adults diagnosed with chronic
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Prosper AI Raises $30M to Scale Patient Access Automation

by Fred Pennic 06/23/2026 Leave a Comment

Prosper AI Raises $30M to Scale Patient Access Automation

What You Should Know Healthcare automation pioneer Prosper AI has announced a $30M Series A financing round led by Andreessen Horowitz (a16z), with participation from Base10 Partners and continued backing from Emergence Capital and Y Combinator.The capital injection follows a massive commercial expansion, including 5x organic revenue growth over six months, expanding the platform's reach to power more than $1.3 billion in patient care across 150,000 providers.Moving past legacy
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DUOS Acquires Linkwell Health to Expand AI-Powered Health Plan Performance Footprint

by Fred Pennic 06/23/2026 Leave a Comment

DUOS Acquires Linkwell Health to Expand AI-Powered Health Plan Performance Footprint

What You Should Know Health plan performance infrastructure pioneer DUOS has announced its acquisition of consumer engagement specialist Linkwell Health to create an end-to-end member activation system. Financial details of the acquisition were not disclosed. The transaction expands DUOS’ commercial footprint to more than 20 national health plans, extending its digital and clinical reach to one in five adults across the United States.The combined platform targets the costly
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Ambience Healthcare Unveils AI-Native Inpatient Nursing Suite to Reduce Cognitive Burden

by Fred Pennic 06/23/2026 Leave a Comment

Ambience Healthcare Launches AI Conditions Advisor to Capture Full Patient Complexity

What You Should Know Clinical AI pioneer Ambience Healthcare has announced a major expansion of its inpatient intelligence platform with the launch of Nursing Summary and Ambient Flowsheet Documentation.Combined with its previously released Chart Chat for Nursing, the new applications establish a single, comprehensive system of intelligence supporting bedside nurses from pre-shift preparation through post-intervention charting.The expanded platform targets the severe cognitive load and
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HHS and Secretary Robert F. Kennedy, Jr. Launch Operation Trialblazer to Modernize Clinical Trials

by Fred Pennic 06/22/2026 Leave a Comment

HHS Finalizes Rule for AI Transparency and Data Interoperability

What You Should Know The U.S. Department of Health and Human Services (HHS), under Secretary Robert F. Kennedy, Jr., has unveiled "Operation Trialblazer," a sweeping, department-wide initiative designed to bring clinical research and investment back to the United States.The strategic pivot addresses an alarming competitive gap: China's global share of Phase 1 trials surpassed the U.S. for the first time in 2021, and in 2024, China exceeded the U.S. in total clinical trial registrations with
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ChartSpan Acquires Personal Health Data Platform Validic to Scale Remote Patient Monitoring

by Fred Pennic 06/22/2026 Leave a Comment

ChartSpan Acquires Personal Health Data Platform Validic to Scale Remote Patient Monitoring

What You Should Know Care management pioneer ChartSpan has finalized the strategic acquisition of Validic, a provider of personal health data and Internet of Things (IoT) platform.The combined entity, operating under the ChartSpan banner, creates a unified delivery layer that merges full-service clinical care teams with a scaled device-logistics and data-normalization ecosystem.The transaction bridges a severe healthcare data gap, combining traditional Chronic Care Management (CCM) and
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Adonis Launches AI-Powered Revenue Cycle Orchestration in Epic Connection Hub

by Fred Pennic 06/22/2026 Leave a Comment

Adonis Launches AI-Powered Revenue Cycle Orchestration in Epic Connection Hub

What You Should Know AI-driven revenue cycle management (RCM) pioneer Adonis has officially launched its platform in the Epic Connection Hub, enabling health systems to deploy its intelligence layer directly over their native Epic environments.The strategic deployment addresses severe operational strain inside health system billing offices, where teams are frequently left to reactively mine thousands of disjointed, legacy administrative work queues.Instead of replacing foundational systems of
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Thoreau Enters Definitive Agreement for Strategic Growth Investment in Ensemble Health Partners

by Fred Pennic 06/18/2026 Leave a Comment

Ensemble Health Partners, Microsoft Strengthens AI-Powered Revenue Cycle Management with Expanded Partnership

What You Should Know Revenue cycle managed services leader Ensemble Health Partners has announced a definitive agreement for a strategic growth investment from Thoreau, the healthcare investment platform founded by veteran private equity executive Matt Holt.The transaction values Ensemble at an estimated $12 billion, positioning the newly launched, Apollo Global Management-backed Thoreau platform at the epicenter of scaled healthcare administrative outsourcing.Legacy institutional
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Kinomatic Secures $4M to Expand  AI-Enabled Surgical Planning Platform

by Fred Pennic 06/18/2026 Leave a Comment

Kinomatic Secures $4M to Expand  AI-Enabled Surgical Planning Platform

What You Should Know Orthopedic technology innovator Kinomatic has successfully finalized a $4M seed funding round led by healthcare-focused venture firm Waterline Ventures.The company has demonstrated significant commercial scale, documenting 7x revenue growth over four years, a 5x expansion in regional provider networks, and a world-class Net Promoter Score (NPS) of 85.Renowned orthopedic specialist and opioid-reduction advocate Dr. Andrew B. Wickline, MD, FAAOS, joins the executive
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