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Fred Pennic, Editor-in Chief | HIT Consultant

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

Baba Emerges from Stealth with $6.5M to Launch Medicare Advocacy Platform

by Fred Pennic 02/25/2026 Leave a Comment

Baba Emerges from Stealth with $6.5M to Launch Medicare Advocacy Platform

What You Should Know The Launch: Baba, a new patient advocacy platform for older adults, has emerged from stealth with over $6.5M in seed funding led by General Catalyst.The Model: Baba embeds dedicated human advocates (nurses/social workers) into the care journey to handle "operational breakdowns" like insurance denials and scheduling. It pairs this with an AI companion for daily engagement—a hybrid model covered by Medicare and Medicare Advantage.The Backing: The startup is advised by
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GE HealthCare Launches Next-Generation LOGIQ Ultrasound Portfolio with AI Tools

by Fred Pennic 02/25/2026 Leave a Comment

GE HealthCare Launches Next-Generation LOGIQ Ultrasound Portfolio with AI Tools

What You Should Know The Launch: GE HealthCare has unveiled the next generation of its LOGIQ™ general imaging ultrasound portfolio, including the E10 Series, Fortis™, and Totus™. The systems will debut at the European Congress of Radiology (ECR) 2026.The Tech: The new systems feature the Auto Abdominal Suite 2.0, an AI-powered toolkit that automates measurements of the aorta and common bile duct. Data shows these tools can reduce system interactions by 80% and speed up measurements by 65%.The
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RevSpring Acquires TrustCommerce to Expand Integrated Healthcare Payment Gateway

by Fred Pennic 02/23/2026 Leave a Comment

RevSpring Acquires TrustCommerce to Expand Integrated Healthcare Payment Gateway

What You Should Know The Deal: RevSpring (backed by Frazier Healthcare Partners) has acquired TrustCommerce (a portfolio company of Waud Capital Partners) to build a dominant, end-to-end healthcare payment platform.The Tech: TrustCommerce brings its enterprise gateway connectivity and deep integrations with major Electronic Health Records (EHRs). This allows RevSpring to offer a seamless, unified payment stack from the front desk to the back office.The "BYOM" Advantage: A major strategic
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CharmHealth Launches MCP Server to Give AI Direct Access to the EHR

by Fred Pennic 02/19/2026 Leave a Comment

CharmHealth Launches MCP Server to Give AI Direct Access to the EHR

What You Should Know The Tech: CharmHealth has launched a Model Context Protocol (MCP) server. Originally championed by companies like Anthropic, MCP is an open standard that allows AI models to securely connect to local data sources without needing custom-built APIs for every single action.The Impact: Instead of forcing developers to read extensive API documentation and build complex connectors, the MCP server allows Large Language Models (LLMs) to use natural language requests to fetch
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Alira Health Sued for Stock Manipulation and Fraud

by Digital Health Legal Lawsuits 02/19/2026 Leave a Comment

Alira Health Sued for Stock Manipulation and Fraud

What You Should Know The Lawsuits: Several startup founders, including PatchAi's Alessandro Monterosso and RedCrow's Jerry Harrison (of the Talking Heads), are suing Alira Health and CEO Gabriele Brambilla for fraud, unjust enrichment, and Securities Exchange Act violations.The Alleged Scheme: The founders claim Brambilla orchestrated a systematic freeze-out. Alira allegedly acquired startups using inflated stock, set impossible performance goals to justify firing the founders, and then
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Verily Launches Self-Serve Access to Pre Platform with New Segmed and RefinedScience Datasets

by Fred Pennic 02/19/2026 Leave a Comment

Verily Launches Self-Serve Access to Pre Platform with New Segmed and RefinedScience Datasets

What You Should Know The Launch: Alphabet's Verily is lowering the barrier to entry for biomedical research by launching a free, self-serve "Standard tier" for its Pre precision health platform.The Tech: Researchers can now instantly access Verily's Exchange (data catalog) and Workbench (trusted research environment) using just a Google account, bypassing months of traditional IT provisioning and data-use red tape.The Data: The launch includes three massive new datasets: an Acute Myeloid
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Elsevier ClinicalKey AI Adds NEJM, The Lancet, and HIPAA Compliance

by Fred Pennic 02/19/2026 Leave a Comment

Elsevier ClinicalKey AI Adds NEJM, The Lancet, and HIPAA Compliance

What You Should Know The Upgrade: Elsevier has significantly expanded its ClinicalKey AI platform, adding full-text access to over 130 premium medical journals (including NEJM and The Lancet) and clinical guidelines from top medical societies.The Trust Factor: Addressing the reality that only 40% of clinicians trust AI, the tool now features unmatched "traceability"—linking generated answers to the exact paragraph in peer-reviewed sources, backed by a rigorous "clinician-in-the-loop"
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Frist Cressey Ventures Raises $425M Fund to Invest in AI-Native Care

by Fred Pennic 02/18/2026 Leave a Comment

Frist Cressey Ventures raises $425M Fund to Invest in AI-Native Care Business

What You Should Know The Raise: Frist Cressey Ventures (FCV) has closed an oversubscribed $425M Fund IV, bringing its total assets under management to nearly $1 billion.The Strategy: The new fund will focus on early-stage healthcare companies transforming care delivery, with a specific emphasis on AI-native business models and tech-enabled services.The "Moat": FCV’s strategic Limited Partners (LPs)—including The Cigna Group, MedStar Health, and OhioHealth—provide healthcare to over 50% of the
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Sensei Biotherapeutics Acquires Faeth Therapeutics, Raises $200M to Solve PI3K Resistance

by Fred Pennic 02/18/2026 Leave a Comment

Sensei Biotherapeutics Acquires Faeth Therapeutics, Raises $200M to Solve PI3K Resistance

What You Should Know The Deal: Sensei Biotherapeutics has acquired Faeth Therapeutics in a stock-for-stock transaction. Concurrently, Sensei raised a massive $200M in private placement financing to fuel the combined company.The Asset: The centerpiece of the deal is PIKTOR, an oral drug combination that targets the PI3K/AKT/mTOR pathway. Unlike previous drugs that hit just one "node," PIKTOR hits multiple nodes simultaneously to prevent the tumor from finding a workaround.The Promise: In early
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Rainfall Health Raises $15M to Turn CMS Team Mandates into Revenue

by Fred Pennic 02/18/2026 Leave a Comment

Rainfall Health Raises $15M to Turn CMS Team Mandates into Revenue

What You Should Know The Raise: Rainfall Health, an AI-driven compliance platform, has closed a $15M Series A funding round led by Two Bear Capital, along with support from other notable investors.The Catalyst: The investment coincides with the launch of the CMS Transforming Episode Accountability Model (TEAM) on January 1, 2026. This mandate incentivizes hospitals to improve outcomes for five high-spend surgical procedures.The Opportunity: While compliance is often seen as a cost, Rainfall
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