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Fred Pennic, Editor-in Chief | HIT Consultant

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

NVIDIA, Sheba, and Mount Sinai Partner to Decode 98% of Human Genome with LLM

by Fred Pennic 11/18/2025 Leave a Comment

NVIDIA, Sheba, and Mount Sinai Partner to Decode 98% of Human Genome with LLM

What You Should Know: - ARC Innovation at Sheba Medical Center and the Icahn School of Medicine at Mount Sinai (part of the Mount Sinai Health System) have announced a major three-year collaboration with NVIDIA. The initiative focuses on applying Large Language Model (LLM) technology to genomic research. - The primary objective is to pioneer the decoding of the majority (98%) of the human genome that remains poorly understood. By deciphering this area—once labeled "junk DNA"—researchers
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VahatiCor Secures $23M to Combat Coronary Microvascular Dysfunction (CMD)

by Fred Pennic 11/18/2025 Leave a Comment

VahatiCor Secures $23M to Combat Coronary Microvascular Dysfunction (CMD)

What You Should Know: - VahatiCor, a medtech company focused on transforming cardiac care secures $23M in Series B funding led by S3 Ventures, with support from Intuitive Ventures and a strategic investor. - The capital infusion will be used to advance VahatiCor’s SERRA-I early feasibility study (30 subjects across six sites), accelerate engineering development, and prepare the company for crucial pivotal trials. The Urgent Need: Inadequate Treatment for CMD The need for new
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Thrivory Raises $25M Credit and $3.5M Equity to Eliminate Healthcare Reimbursement Delays with AI

by Fred Pennic 11/18/2025 Leave a Comment

Thrivory Raises $25M Credit and $3.5M Equity to Eliminate Healthcare Reimbursement Delays with AI

What You Should Know: - Thrivory, the AI-powered healthcare fintech company, has secured $3.5M in equity led by Redesign Health and up to $25M in credit from Trinity Capital. - The funding supports the scale of its ThriveNow API, which embeds instant, non-recourse claims payments directly into EHR and practice management systems. Solving Healthcare’s Biggest Financial Barrier: Slow Reimbursement Thrivory, a healthcare AI company founded in 2023, is tackling the slow and unpredictable
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Philips Launches AI-Powered DeviceGuide for Minimally Invasive Valve Repair

by Fred Pennic 11/18/2025 Leave a Comment

Philips has introduced DeviceGuide, an AI-powered device tracking solution that integrates into the EchoNavigator platform to provide real-ti

What You Should Know: What You Should Know: - Philips, a global leader in health technology, today launched DeviceGuide, a new AI-powered software solution. The technology is designed to assist physicians during the highly complex procedures used to repair leaking heart valves, specifically through a minimally invasive approach. - Built on Philips’ established EchoNavigator platform, DeviceGuide translates complex X-ray and ultrasound imaging into intuitive, real-time visual guidance.
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voize Nabs $50M to Scale AI Nursing Companion to U.S. and Europe

by Fred Pennic 11/17/2025 Leave a Comment

voize Nabs $50M to Scale AI Nursing Companion to U.S. and Europe

What You Should Know: - voize, the AI company redefining nursing care, has secured $50M in Series A funding led by Balderton Capital. - The investment will fuel its expansion into the U.S. and Europe, accelerating its mission to give nurses up to 30% of their time back from administrative work. The Crisis Point: Administrative Burden and Nursing Shortage Healthcare systems across the globe are facing a staffing crisis. The World Health Organization (WHO) predicts a global deficit of
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Barbados to Establish $200M Life Sciences Hub for the Caribbean

by Fred Pennic 11/17/2025 Leave a Comment

Barbados to Establish $200M Life Sciences Hub for the Caribbean

What You Should Know:  - Export Barbados (BIDC) and the Dubai-headquartered EarlyHealth Group (EHG), a global pharmaceutical services and life sciences company, have signed a Letter of Intent to jointly establish EarlyHealth City Barbados.  - The $200M world-class pharmaceutical and life sciences cluster aims to attract international pharmaceutical partners, drive industrialisation through sustainable contract manufacturing, and expand laboratory and clinical research capacity in
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HIT Professional Services Outlook 2025: CIOs Prioritize Investment in AI, Cybersecurity, and EHR Optimization

by Fred Pennic 11/17/2025 Leave a Comment

HIT Professional Services Outlook 2025: CIOs Prioritize Investment in AI, Cybersecurity, and EHR Optimization

What You Should Know:  - The 2025 healthcare landscape is marked by significant uncertainty due to evolving reimbursement models and shifting federal policies. Margin pressures are intensifying across the industry. However, healthcare organizations are responding by intensifying, not cutting, investments in Health Information Technology (HIT) professional services. - A survey of 105 CIOs by KLAS Research revealed that the vast majority plan to maintain or increase spending on
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CMS Notifies 742 Hospitals of Pricing Targets for New Value-Based Payment Model

by Fred Pennic 11/17/2025 Leave a Comment

CMS Finalizes New Interoperability and Prior Authorization Rule

What You Should Know:  - On November 15, 2025, the Centers for Medicare and Medicaid Services (CMS) will begin notifying 742 hospitals and health systems of their 2026 pricing targets and quality scores for the Transforming Episode Accountability Model (TEAM). - CMS issued a final rule in July codifying the TEAM model, which aims to reduce costs and improve the quality of outcomes for millions of Americans.  TEAM Model The model focuses on the five highest-spend surgical
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CHIME-KLAS: The Digital Health Most Wired National Trends Report 2025

by Fred Pennic 11/13/2025 Leave a Comment

CHIME-KLAS: The Digital Health Most Wired National Trends Report 2025

What You Should Know: - The Digital Health Most Wired (DHMW) National Trends Report 2025, produced by CHIME and KLAS Research, signals a crucial evolution in healthcare technology. - The insights in this report reveals how high-performing organizations achieve measurable outcomes across infrastructure, cybersecurity, analytics, interoperability, patient engagement, and clinical quality, turning digital investment into meaningful, sustainable impact. Digital Maturity Defined by
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AI Risk Alert: Hospitals Underinvest in Governance Despite Looming 2026 Scrutiny

by Fred Pennic 11/13/2025 Leave a Comment

AI Risk Alert: Hospitals Underinvest in Governance Despite Looming 2026 Scrutiny

What You Should Know: - Despite the rapid expansion of artificial intelligence across clinical and operational workflows, a new survey by Black Book Research of 182 U.S. hospital leaders reveals widespread underinvestment in AI governance, safety, and compliance. - The survey reveals the median 2026 budget share for AI governance and safety is critically low, standing at just 4.2% of the combined IT and Quality/Safety budget. The Quiet Risk: Widespread Underinvestment in AI
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