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Fred Pennic, Editor-in Chief | HIT Consultant

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

Hanger to Acquire Numotion in Cash Transaction to Create “Hanger Numotion” Under Patient Square Capital

by Fred Pennic 09/11/2026 Leave a Comment

Hanger to Acquire Numotion in Cash Transaction to Create "Hanger Numotion" Under Patient Square Capital

What You Should Know:  Orthotic and prosthetic (O&P) patient care leader Hanger, Inc. has entered into a definitive agreement to acquire Numotion, a major provider of Complex Rehabilitation Technology (CRT) and mobility solutions, forming Hanger Numotion.Structured as an all-cash acquisition of Numotion by Hanger. The combined entity will be majority-controlled by healthcare private equity firm Patient Square Capital (which took Hanger private in 2022). Numotion is being sold by primary
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ARPA-H Awards UpDoc Up to $9.2M to Lead ADVOCATE Autonomous Clinical AI Program

by Fred Pennic 09/10/2026 Leave a Comment

ARPA-H Awards UpDoc Up to $9.2M to Lead ADVOCATE Autonomous Clinical AI Program

What You Should Know The Advanced Research Projects Agency for Health (ARPA-H) has selected clinical AI company UpDoc as a lead performer in its Agentic AI-Enabled Cardiovascular Care Transformation (ADVOCATE) program, granting an award of up to $9.2M.The award assembles a high-profile technology syndicate: UpDoc leads the clinical AI development, supported by Microsoft, OpenAI, and NVIDIA.Represents the first federal health research program designed to produce an autonomous, FDA-authorized
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Verily Secures Strategic Investment from NVIDIA to Accelerate Precision Health AI Platform

by Fred Pennic 09/09/2026 Leave a Comment

Verily and Vanderbilt Extend Partnership to Power NIH's All of Us Researcher Workbench

What You Should Know Verily Health Inc. has secured a strategic equity investment from NVIDIA, extending its fundraising momentum following its corporate restructuring and initial $300 million funding round in early 2026.CU Healthcare Innovation Fund II, LP committed an additional follow-on investment, joining a capitalization syndicate that includes Alphabet (as a minority stakeholder), Series X Capital, and UCHealth.Directly accelerates commercial deployment of the Verily Pre Platform, the
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H1 Acquires Healthcare Data Company Defacto Health to Bolster Provider Network Intelligence

by Fred Pennic 09/09/2026 Leave a Comment

H1 Acquires Healthcare Data Company Defacto Health to Bolster Provider Network Intelligence

What You Should Know Healthcare professional intelligence leader H1 has acquired Defacto Health, a specialized healthcare data company focused on payer-provider networks, accepted insurance plans, and directory accuracy.The transaction formalizes a long-term data partnership, absorbing Defacto's proprietary directory auditing, error-cluster isolation, and network benchmarking engines directly into H1’s global platform.Defacto will operate directly within H1; co-founders Ron Urwongse and Tarun
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Flatiron Health Renews NCCN Collaboration Through 2028 and Deploys Flatiron Telescope

by Fred Pennic 09/09/2026 Leave a Comment

Flatiron Health Renews NCCN Collaboration Through 2028 and Deploys Flatiron Telescope

What You Should Know Flatiron Health, an independent affiliate of the Roche Group, has renewed its strategic oncology research partnership with the National Comprehensive Cancer Network® (NCCN®) through 2028, extending a collaborative alliance originally established in 2014.Core Academic Assets: Participating NCCN Member Institutions maintain access to Flatiron’s curated, de-identified real-world datasets spanning more than 6 million oncology patient journeys across academic and community
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Forus Triples Raises $150M to Put AI Agents in Every Medical Practice

by Fred Pennic 09/08/2026 Leave a Comment

Forus Triples Raises $150M to Put AI Agents in Every Medical Practice

What You Should Know Forus, the AI-powered network connecting physicians, retail and specialty pharmacies, commercial payers, and biopharma manufacturers, announced a $150M Series C financing round at a $3B valuation.The round triples the company’s valuation just months following its Series B round, lifting cumulative equity financing past $300M.Led by seed-stage backer Bain Capital Ventures, the insider round featured 100% reinvestment from existing institutional backers, including Thrive
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Flow Neuroscience Launches FDA-Approved At-Home tDCS Treatment for Major Depressive Disorder

by Fred Pennic 09/08/2026 Leave a Comment

Flow Neuroscience Launches FDA-Approved At-Home tDCS Treatment for Major Depressive Disorder

What You Should Know Swedish neurotechnology company Flow Neuroscience officially launched FL-100 across the United States, introducing the first FDA-approved at-home transcranial direct current stimulation (tDCS) treatment for depression to the American market.Backed by formal premarket approval (FDA PMA P230024), the prescription-only medical device is indicated for adults (18+) with moderate to severe major depressive disorder (MDD) in the current episode who are not treatment-refractory,
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Salesforce Unveils Agentic Life Sciences Suite to Turn Reactive Operations into Compliant-by-Design Intelligence

by Fred Pennic 09/08/2026 Leave a Comment

Salesforce Unveils Agentic Life Sciences Suite to Turn Reactive Operations into Compliant-by-Design Intelligence

What You Should Know Salesforce announced three major enterprise artificial intelligence additions to its life sciences portfolio: Regulated Content Management (RCM), Command Center for Life Sciences, and Life Sciences MCP (Model Context Protocol).Focuses on widespread industry inefficiencies, targeting scenarios where half of all pharmaceutical drug launches fail to meet pre-launch projections and commercial teams spend months waiting for manual Medical, Legal, and Regulatory (MLR)
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PatientIQ Closes $30M to Scale EHR-Integrated Outcomes Intelligence and RWE

by Fred Pennic 09/03/2026 Leave a Comment

PatientIQ Closes $30M to Scale EHR-Integrated Outcomes Intelligence and RWE

What You Should Know Healthcare outcomes intelligence leader PatientIQ has raised $30M in Series C financing led by Chicago-based healthcare private equity firm Hughes & Company, with continued backing from Health Enterprise Partners and August Capital.Since completing its Series B round in 2022, PatientIQ has scaled its EHR-integrated footprint from 200 to more than 870 healthcare provider organizations, covering over 17 million patients and capturing more than 70 million patient
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FDA Clears Kneu Health Apple Watch Tool for 24/7 Parkinson’s Tremor and Dyskinesia Monitoring

by Fred Pennic 09/03/2026 Leave a Comment

FDA Clears Kneu Health Apple Watch Tool for 24/7 Parkinson's Tremor and Dyskinesia Monitoring

What You Should Know The U.S. Food and Drug Administration (FDA) has cleared a new Apple Watch-based monitoring tool developed by Kneu Health for clinical tracking of Parkinson’s disease symptoms.Provides 24/7 continuous passive measurement of tremor alongside the platform's first-time capability to track dyskinesia—the involuntary movements often triggered as a side effect of long-term dopaminergic medications.Pairs continuous, passive smartwatch data with active, smartphone-based motor and
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