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Fred Pennic, Editor-in Chief | HIT Consultant

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

Turquoise Health Secures $40M for AI-Powered Healthcare Pricing Platform

by Fred Pennic 03/17/2026 Leave a Comment

Turquoise Health Secures $40M for Healthcare Pricing Platform

What You Should Know The Funding: Turquoise Health, a multi-sided healthcare pricing and payment platform, has closed a $40M Series C funding round led by Oak HC/FT, with participation from a16z, Adams Street Partners, and Yosemite.The Macro Crisis: The financial infrastructure of U.S. healthcare is fundamentally broken, resulting in nearly $1 trillion in annual administrative waste. Opaque, paper-based contracts lead to massive revenue leakage, claim denials, and surprise patient billing.The
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Conduit Health Secures $17M for AI-Powered Medical Supply Platform

by Fred Pennic 03/17/2026 Leave a Comment

Conduit Health Secures $17M for AI-Powered Medical Supply Platform

What You Should Know The Funding: Conduit Health, a consumer-oriented provider of insurance-covered medical supplies, has closed a $17M Series A led by Drive Capital, bringing its total funding to $22 million.The Problem: Roughly 50 million Americans rely on insurance-covered home medical supplies (Durable Medical Equipment or DME). However, navigating the shifting payer rules, physician documentation, and prior authorizations often turns a straightforward Medicare/Medicaid benefit into a
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NVIDIA and Persistent Systems Partner to Bring ‘Agentic AI’ to Drug Discovery

by Fred Pennic 03/17/2026 Leave a Comment

NVIDIA and Persistent Systems Partner to Bring 'Agentic AI' to Drug Discovery

What You Should Know The Partnership: Persistent Systems, a global digital engineering firm, is collaborating with NVIDIA to deploy AI-powered solutions specifically for the Healthcare and Life Sciences (HLS) sector.The Goal: The collaboration aims to move BioPharma companies out of the "AI experimentation" phase and into real-world, production-grade deployments for computational drug discovery and research.The Tech Stack: Persistent is utilizing the full-stack NVIDIA AI platform, including
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HEARTio Secures $4.25M to Advance ECGio AI Platform for Coronary Artery Disease Detection

by Fred Pennic 03/16/2026 Leave a Comment

HEARTio Secures $4.25M to Advance ECGio AI Platform for Coronary Artery Disease Detection

What You Should Know The Funding: HEARTio, an artificial intelligence healthcare diagnostics company, has closed $4.25 million in new seed financing. Backers include Intelligence Ventures, Audacious Capital, VU Venture Partners, LifeX, and Bessel.The Core Product: HEARTio’s flagship platform, ECGio, utilizes AI to analyze a standard 12-lead electrocardiogram (ECG) to non-invasively predict the presence, severity, and location of coronary artery disease (CAD).The Goal: The company will use the
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Nitra Secures $187M to Expand AI-Native Healthcare Operating System

by Fred Pennic 03/13/2026 Leave a Comment

Nitra Secures $187M to Expand AI-Native Healthcare Operating System

What You Should Know The Mega-Round: Nitra, an AI-native operating platform for healthcare practices secures $187M in new financing. This includes $72M in new equity (across a $50M Series B and a previously unannounced $22M Series A), $20Min venture debt, and a $95M warehouse facility.The Growth Metrics: The company is experiencing explosive traction. In 2025, Nitra grew its annualized revenues by over 740%—jumping from $4M to over $33M—and surpassed $1 billion in annualized processing volume
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Amigo AI Secures $11M to Build & Train Patient-Facing Clinical Agents

by Fred Pennic 03/13/2026 Leave a Comment

Amigo AI Secures $11M to Build & Train Patient-Facing Clinical Agents

What You Should Know The Funding: Amigo AI secures $11M in Series A funding round led by Madrona, with participation from Optum Ventures. This brings the company's total capital raised to $17M.AI Clinical Agents: While many healthcare AI startups focus on back-office ambient scribes, Amigo builds and trains autonomous patient-facing clinical agents. These agents interact directly with patients for intake, triage, personalized care navigation, and 24/7 support.The "Digital Residency": To
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Microsoft Launches Copilot Health, Integrates Apple Health, Oura, and 50,000 EHRs in New AI Push

by Fred Pennic 03/12/2026 Leave a Comment

Microsoft Copilot Health, Integrates Apple Health, Oura, and 50,000 EHRs in New AI Push

What You Should Know The Launch: Microsoft has officially opened the waitlist for Copilot Health, a dedicated, secure ecosystem within Copilot designed to aggregate and make sense of personal health data.The Ultimate Aggregator: The platform solves the "fragmentation" problem by pulling data from three major silos:Wearables: Integrates with over 50 devices including Apple Health, Oura, and Fitbit.Clinical Records: Connects to over 50,000 U.S. hospitals via HealthEx to pull visit summaries and
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AMA Survey: 81% of Doctors Now Use AI, But Who Owns the Liability?

by Fred Pennic 03/12/2026 Leave a Comment

AMA Survey: 81% of Doctors Now Use AI, But Who Owns the Liability?

What You Should Know Massive Adoption Spike: According to an American Medical Association (AMA) survey, Over 80% of physicians now use AI professionally, a stark increase from 38% in 2023. The average number of AI use cases per physician has more than doubled to 2.3.Burnout Relief vs. Skill Loss: The survey report, 2026 Physician Survey on Augmented Intelligence, reveals that while 70% of physicians explicitly view AI as a tool to automate the tasks contributing to clinical burnout, a
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The Prior Auth Panic: WEDI Survey Reveals Providers Are Stalling as the CMS API Deadline Looms

by Fred Pennic 03/12/2026 Leave a Comment

The Prior Auth Panic: WEDI Survey Reveals Providers Are Stalling as the CMS API Deadline Looms

What You Should Know The Mandate: The Centers for Medicare & Medicaid Services (CMS) Advancing Interoperability and Improving Prior Authorization Final Rule (CMS-0057-F) mandates the use of specific APIs to streamline data exchange by January 1, 2027.The Payer Rebound: According to WEDI's February 2026 survey, payers have made massive strides. Only 10% report having not yet started their prior authorization API work—a sharp drop from 43% in late 2025.The Provider Paralysis: Providers,
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Wiley and OpenEvidence Partner to Integrate Peer-Reviewed Medical Research into Clinical AI

by Fred Pennic 03/12/2026 Leave a Comment

Wiley and OpenEvidence Partner to Integrate Peer-Reviewed Medical Research into Clinical AI

What You Should Know The Deal: Academic publishing giant Wiley is licensing a massive portfolio of its scientific and medical content to OpenEvidence, the clinical AI platform used by more than 40% of U.S. physicians.The Assets: The integration brings high-value, peer-reviewed literature directly into the AI's evidence layer. This includes the prestigious Cochrane Database of Systematic Reviews (the gold standard for clinical guidelines), Cochrane Clinical Answers, and over 400 Wiley journals
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