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Fred Pennic, Editor-in Chief | HIT Consultant

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

Epic and Health Systems Sue Health Gorilla Over Alleged Medical Record ‘Syndicate’ and Data Monetization

by Fred Pennic 01/13/2026 Leave a Comment

Epic Challenges Particle Health Over Data Access Practices

What You Should Know - Epic Systems—alongside OCHIN, Reid Health, Trinity Health, and UMass Memorial Health—has filed a major lawsuit against the health information network Health Gorilla and companies including Mammoth and RavillaMed.  - The lawsuit alleges the defendants operated an "organized syndicate" to improperly access and monetize nearly 300,000 patient records from the Epic community, alongside an unknown number of records from the VA and other EHR providers, for purposes
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HPS/PayMedix Secures $33M to Scale Guaranteed Healthcare Payments

by Fred Pennic 01/13/2026 Leave a Comment

HPS/PayMedix Secures $33M to Scale Guaranteed Healthcare Payments

What You Should Know - HPS/PayMedix secures $33M in combined equity and debt financing to accelerate the growth of its healthcare financing and payments platform.  - Led by HLM Investment Partners, the funding will be used to expand the PayMedix solution, which unifies all healthcare stakeholders through guaranteed provider payments, interest-free patient financing, and a consolidated SuperEOB® experience. The Affordability Mandate: Unifying the Payment Experience As
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Converge Bio Lands $25M to Replace Trial-and-Error Drug Discovery

by Fred Pennic 01/13/2026 Leave a Comment

Converge Bio Lands $25M to Replace Trial-and-Error Drug Discovery

What You Should Know - Converge Bio has announced a $25M Series A funding round led by Bessemer Venture Partners, bringing its total raised to $30M. - Moving beyond the "AI promise" gap, the company provides end-to-end AI systems that plug directly into existing drug development workflows, already serving over a dozen pharmaceutical and biotech customers to optimize target discovery and protein manufacturing. The Systemic Pivot: Bridging the Gap Between Promise and Reality While
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FinThrive Report Reveals 71% of RCM Leaders Prioritize Experience Over Revenue

by Fred Pennic 01/13/2026 Leave a Comment

FinThrive Report Reveals 71% of RCM Leaders Prioritize Experience Over Revenue

What You Should Know - FinThrive's 2026 Transformative Trends Report marks a historic turning point: for the first time, improving the patient experience has surpassed increasing revenue as the top strategic goal for healthcare financial leaders, with 71% identifying it as their primary focus.  - The shift indicates that leaders are moving away from short-term fixes toward AI-enabled platform consolidation and automation to drive long-term stability and workforce
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Zelis Acquires Rivet to Bring AI-Powered Analytics to 750+ Payers

by Fred Pennic 01/13/2026 Leave a Comment

Zelis Acquires Rivet to Bring AI-Powered Analytics to 750+ Payers

What You Should Know - Zelis, a global leader in healthcare financial modernization has acquired Rivet, a pioneer in revenue cycle analytics. Financial details of the acquisition were not disclosed.  - The deal integrates Rivet’s AI-enabled analytics and intuitive dashboards directly into the Zelis platform, providing 750+ payers and millions of providers with actionable data to reduce denials, minimize "rework," and navigate rising regulatory complexity. The Intelligence Layer:
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OpenAI Acquires Torch: Building the ‘Unified Medical Memory’ for ChatGPT Health”

by Fred Pennic 01/12/2026 Leave a Comment

OpenAI Acquires Torch: Building the 'Unified Medical Memory' for ChatGPT Health"

What You Should Know - OpenAI has officially acquired the healthcare technology startup Torch, marking a significant expansion of its ChatGPT Health capabilities. - The deal, valued at approximately $60M -$100M according to reports, aims to create a "unified medical memory" for AI by consolidating scattered patient data from hospitals, labs, and wearables into a single, context-aware engine. The "Unified Medical Memory" Pivot: Solving Data Silos For most patients, medical data is
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Digital Health Funding Hits $14.2B in 2025: A Year of AI Exuberance and Market Bifurcation

by Fred Pennic 01/12/2026 Leave a Comment

Digital Health Funding Hits $14.2B in 2025: A Year of AI Exuberance and Market Bifurcation

What You Should Know:  - If 2024 was a year of correction, 2025 was the year of crystallization. The tremors of innovation have settled into bedrock infrastructure, and the market has responded with a distinct roar. - Annual funding for U.S. digital health startups climbed to $14.2Bin 2025, a meaningful 35% increase over the previous year, according to Rock Health’s annual year-end report. While we haven't returned to the fever dream of pandemic-era peaks, the data reveals a "new
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Mitch Rales Leads $43M Round to Scale VieCure’s AI Oncology Platform

by Fred Pennic 01/12/2026 Leave a Comment

Mitch Rales Leads $43M Round to Scale VieCure’s AI Oncology Platform

What You Should Know:  - VieCure has raised $43M led by Mitch Rales (co-founder of Danaher) and Northpond Ventures. The funding will scale VieCure's Halo Intelligence™ platform, an AI-powered clinical decision support system that has already increased tumor sequencing rates by 8x for 30,000 patients. - Through a partnership with Rales' firm New Bearing, VieCure will implement a world-class business system to modernize community oncology clinics, which treat 80% of U.S. cancer
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NVIDIA and Eli Lilly Launch AI Co-Innovation Lab to Reinvent Drug Discovery

by Fred Pennic 01/12/2026 Leave a Comment

NVIDIA and Eli Lilly Launch AI Co-Innovation Lab to Reinvent Drug Discovery

What You Should Know - NVIDIA and Eli Lilly and Company have announced a historic $1B, five-year investment to launch an AI co-innovation lab in the San Francisco Bay Area. - Utilizing the NVIDIA BioNeMo platform and the next-generation Vera Rubin architecture, the lab will co-locate top AI engineers with biology experts to build a "continuous learning system" that integrates agentic wet labs with robotic manufacturing and physical AI. The "Continuous Learning" Framework: Connecting
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Anthropic Debuts ‘Claude for Healthcare’ and Opus 4.5 to Engineer the Future of Life Sciences

by Fred Pennic 01/12/2026 Leave a Comment

Anthropic Debuts ‘Claude for Healthcare’ and Opus 4.5 to Engineer the Future of Life Sciences

What You Should Know - Anthropic has officially launched Claude for Healthcare, a suite of HIPAA-ready tools that allow providers and payers to use its latest model, Opus 4.5, for high-stakes medical tasks like prior authorization and claims appeals. - Simultaneously, the company has significantly expanded Claude for Life Sciences, adding deep integrations with platforms like Medidata and ClinicalTrials.gov to automate clinical trial operations and regulatory submissions. The Engine:
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Anthropic Debuts ‘Claude for Healthcare’ and Opus 4.5 to Engineer the Future of Life Sciences

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