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Fred Pennic, Editor-in Chief | HIT Consultant

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

Catalio Capital Management Closes $400M+ Fund IV to Fuel Breakthrough Biomedical Innovation

by Fred Pennic 07/01/2025 Leave a Comment

Catalio Capital Management Closes $400M+ Fund IV to Fuel Breakthrough Biomedical Innovation

What You Should Know:  - Catalio Capital Management, LP (“Catalio”), a healthcare investment firm, today announced the successful close of its fourth venture fund, Catalio Nexus Fund IV (“Fund IV”), with over $400M in commitments across the Fund and its related co-investment vehicles.  - Launched in 2020 by Co-Founders George Petrocheilos and Dr. Jacob Vogelstein, Catalio currently manages $2B in assets across its private equity, private credit, and public equities
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Eko Health’s SENSORA Platform Gains CMS Reimbursement and CPT Code for AI-Powered Cardiac Detection

by Fred Pennic 07/01/2025 Leave a Comment

Eko Health's SENSORA Platform Gains CMS Reimbursement and CPT Code for AI-Powered Cardiac Detection

What You Should Know:  - Eko Health, a leader in AI-powered cardiac and pulmonary care, today announced a major stride in expanding access to early heart disease detection. The Centers for Medicare & Medicaid Services (CMS) has included Eko's SENSORA platform in its July 2025 provisional update to the Hospital Outpatient Prospective Payment System (OPPS), assigning SENSORA's Category III CPT code to APC 5734, with a reimbursement rate of $128.90 per use.  - The Category III
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PathAI Granted FDA Clearance for AISight Dx for Primary Diagnosis in Clinical Settings

by Fred Pennic 07/01/2025 Leave a Comment

PathAI Granted FDA Clearance for AISight Dx

What You Should Know:  - PathAI, a global leader in artificial intelligence (AI) and digital pathology solutions, today announced it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its digital pathology image management system, AISight® Dx, for use in primary diagnosis in clinical settings. - The FDA clearance builds upon the platform's initial 510(k) clearance for AISight Dx(Novo) in 2022, demonstrating PathAI’s ongoing commitment to innovation and
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Premier, Inc. Acquires EMR-Agnostic Platform IllumiCare

by Fred Pennic 06/30/2025 Leave a Comment

Premier, Inc. Acquires EMR-Agnostic Platform IllumiCare

What You Should Know:  - Premier, a technology-driven healthcare performance improvement company announced its acquisition of IllumiCare, a healthcare technology firm renowned for its EMR-agnostic platform. This strategic move significantly expands Premier's capabilities in the clinical decision support (CDS) space by integrating IllumiCare's real-time clinical and financial data at the point of care. - The acquisition aims to empower providers to make optimal clinical decisions while
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LogicFlo AI Secures $2.7M to Optimize Life Sciences with AI Agent Workforce

by Fred Pennic 06/30/2025 Leave a Comment

LogicFlo AI Secures $2.7M to Optimize Life Sciences with AI Agent Workforce

What You Should Know:  - LogicFlo AI, a pioneering Boston-based startup, today announced it has secured $2.7M in seed funding led by Lightspeed with participation from healthcare and enterprise AI investors. - The investment will accelerate the deployment of its intelligent agent platform across the pharmaceutical, biotech, and medtech industries. LogicFlo AI aims to free life sciences experts from tedious "busywork" by providing them with AI collaborators for high-stakes,
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AMGA 2025 Survey: Physician Compensation Rises Significantly Amidst Stable Productivity

by Fred Pennic 06/30/2025 Leave a Comment

AMGA 2025 Survey: Physician Compensation Rises Significantly Amidst Stable Productivity

What You Should Know:  - The newly published AMGA 2025 Medical Group Compensation and Productivity Survey reveals substantial increases in compensation for various clinical specialties in 2024. The comprehensive analysis, encompassing data from over 184,000 providers across nearly 500 medical groups, shows a significant 4.9% compensation increase across the entire dataset, signaling a robust market for healthcare talent. - After years of fluctuations influenced by CMS Physician Fee
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KLAS Report: Combating Provider Burnout & Elevating the EHR Experience with Ambient Speech

by Fred Pennic 06/30/2025 Leave a Comment

KLAS Report: Combating Provider Burnout & Elevating the EHR Experience with Ambient Speech

What You Should Know:  - A new impact report from the KLAS Arch Collaborative, titled "Ambient Speech Outcomes 2025," reveals that ambient speech solutions are significantly improving the Electronic Health Record (EHR) experience and actively combating provider burnout. The study, which analyzed data from over 900 physicians and advanced practice providers, highlights the technology's potential to bring focus back to patient care and enhance overall clinician well-being. - Ambient
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Healthcare CFOs Cautious: New Deloitte Survey Reveals Top Concerns for 2025

by Fred Pennic 06/30/2025 Leave a Comment

Healthcare CFOs Cautious: New Deloitte Survey Reveals Top Concerns for 2025

What You Should Know:  - A new survey from the Deloitte Center for Health Solutions reveals a significant shift in priorities among healthcare finance leaders. While previous outlooks predicted a year of growth, 84% of respondents are now concerned about business conditions driven by regulatory changes, macroeconomic uncertainty, and supply chain disruptions. Notably, 73% are expressing concerns about revenue growth and operating profitability, signaling a more cautious yet strategic
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AI Detects Brain Tumors Smaller Than a Grain of Rice — With 97% Accuracy

by Fred Pennic 06/27/2025 Leave a Comment

AI Detects Brain Tumors Smaller Than a Grain of Rice — With 97% Accuracy

What You Should Know:  - Robovision Healthcare and the Netherlands Cancer Institute (NKI) have unveiled a pioneering AI solution, BrainMets AI, capable of detecting brain metastatic disease with unprecedented precision. The breakthrough research, published in Radiology, the flagship journal of the Radiological Society of North America (RSNA), promises earlier detection, potentially improving outcomes for millions of cancer patients. - Every year, countless cancer patients face the
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Jaan Health Secures $25M for AI-Powered Proactive Care Platform

by Fred Pennic 06/27/2025 Leave a Comment

Jaan Health Secures $25M for AI-Powered Proactive Care Platform

What You Should Know:  - Jaan Health, the innovator behind the AI-powered proactive care platform Phamily®, today announced it has secured over $25M in funding, including $15M in non-dilutive growth capital from Level Structured Capital.  - The investment will accelerate the company's mission to revolutionize "between-visit care" for millions of patients managing chronic conditions across the United States. Phamily: Delivering Proactive Care at Population Scale Phamily, Jaan
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