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Fred Pennic, Editor-in Chief | HIT Consultant

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

Datavant Secures Minority Investment from Neuberger and KKR to Accelerate Health Data Collaboration

by Fred Pennic 09/17/2026 Leave a Comment

Datavant Secures Significant Minority Investment from Neuberger and KKR to Accelerate Health Data Collaboration

What You Should Know Healthcare data collaboration platform Datavant announced that investment funds managed by Neuberger Capital Solutions, Neuberger Private Markets, and KKR have agreed to acquire a significant minority stake in the company.Long-term healthcare private equity sponsor New Mountain Capital, which has been an investor in Datavant since 2014, will retain its majority control position.The transaction expands the capital structure supporting the nation’s largest health data
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Kairon Health Secures $5M to Build the AI Execution Layer for Value-Based Care

by Fred Pennic 09/17/2026 Leave a Comment

Kairon Health Secures $5M to Build the AI Execution Layer for Value-Based Care

What You Should Know Kairon Health, the AI-native execution layer for value-based care (VBC) that it has raised $5M in venture funding to automate day-to-day operations for risk-bearing provider organizations.The financing round was led by Flare Capital Partners, with participation from Tau Ventures and existing investors Lightbank, General Advance, and Pave Health Ventures.The platform addresses the "visibility versus execution" deficit in population health, replacing legacy analytics tools
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ATA Action Launches Cross-State Care Coalition to Advance Bipartisan Federal Telehealth Licensure Reform

by Fred Pennic 09/17/2026 Leave a Comment

ATA Action Launches Cross-State Care Coalition to Advance Bipartisan Federal Telehealth Licensure Reform

What You Should Know ATA Action—the advocacy arm of the American Telemedicine Association (ATA)—launched the Cross-State Care Coalition, uniting health systems, digital health platforms, and clinical innovators to advance bipartisan federal legislation modernizing clinician licensure across state lines.The coalition is co-chaired by Johns Hopkins Medicine and ATA Action, building upon policy foundations established under the Licensure Innovation for Telehealth Transformation (LIFTT)
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M&A: Sword Acquires Headspace in All-Cash Deal Worth Up to $300M to Unify Physical and Mental AI Care

by Fred Pennic 09/16/2026 Leave a Comment

Sword Acquires Headspace in All-Cash Deal Worth Up to $300M to Unify Physical and Mental AI Care

What You Should Know Sword, the $4B AI health company, signed a definitive agreement to acquire digital mental health and mindfulness leader Headspace in an all-cash transaction valued at up to $300 million, with closing expected by the beginning of Q4 2026.The transaction unites Sword’s clinical AI Care platform with Headspace’s global reach of 100 million lives across 200 countries, 20,000 corporate enterprise clients, and health plan integrations including Cigna Healthcare and Kaiser
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R1 Unveils Phare Utilization Management on Phare OS to Eliminate Medical Necessity Denials

by Fred Pennic 09/16/2026 Leave a Comment

R1 Unveils Phare Utilization Management on Phare OS to Eliminate Medical Necessity Denials

What You Should Know Healthcare revenue cycle management leader R1 announced the launch of Phare Utilization Management (Phare UM), an AI-enabled solution moving hospital utilization management from retrospective chart auditing to proactive, real-time decisioning.The Guthrie Clinic—a non-profit, integrated health system serving northern Pennsylvania and upstate New York—is among the first health systems to deploy Phare UM across its acute care operations.Built directly on Phare OS, R1’s core
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M&A: MRO Acquires Vyne Medical to Expand Intelligent Healthcare Intake Automation

by Fred Pennic 09/16/2026 Leave a Comment

M&A: MRO Acquires Vyne Medical to Expand Intelligent Healthcare Intake Automation

What You Should Know Healthcare clinical data management leader MRO announced it acquired Vyne Medical, a specialist in healthcare data intake and intelligent document processing (IDP) serving more than 800 hospitals nationwide.The transaction scales MRO’s enterprise market footprint to serve more than 2,500 hospitals and 35,000 ambulatory clinics, creating a unified clinical data pipeline across the patient encounter lifecycle.Vyne Medical specializes in converting unstructured
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Cedar Gate Survey Reveals 83% of Health Plans Miss VBC Outcomes Due to Fragmented Data

by Fred Pennic 09/16/2026 Leave a Comment

Cedar Gate Survey Reveals 83% of Health Plans Miss VBC Outcomes Due to Fragmented Data

What You Should Know A national research study conducted by Wakefield Research for Cedar Gate Technologies (an IQVIA business) surveyed 100 senior U.S. health plan executives (VP level and above) across actuarial science, clinical operations, VBC strategy, and IT.The Adoption-Performance Paradox: 83% of payer executives report they are not achieving the cost and quality outcomes they expected from value-based care (VBC), yet 72% intend to continue or expand their alternative payment
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Thatch Reaches $1 Billion Unicorn Valuation with $108M Raise to Expand Personalized Health Benefits

by Fred Pennic 09/15/2026 Leave a Comment

Thatch Reaches $1 Billion Unicorn Valuation with $108M Raise to Expand Personalized Health Benefits

What You Should Know Thatch, the healthcare benefits platform transitioning employers from traditional group coverage to consumer-directed health budgets, raised $108 million in new funding at a $1 billion valuation on September 15, 2026.The financing round was co-led by The General Partnership, Index Ventures, General Catalyst, and Andreessen Horowitz (a16z), with strategic participation from ADP Ventures, Paychex, Eli Lilly and Company, Scale Venture Partners, QuantumLight, SemperVirens,
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Imprivata Report Reveals 72% of Healthcare Organizations Run Unapproved AI as Autonomous Agents Enter Clinical Care

by Fred Pennic 09/15/2026 Leave a Comment

Imprivata Report Reveals 72% of Healthcare Organizations Run Unapproved AI as Autonomous Agents Enter Clinical Care

What You Should Know Healthcare access management and identity security leader Imprivata released national research conducted by independent research firm Vanson Bourne, surveying 250 U.S. healthcare leaders responsible for identity security and AI strategy across health systems, IDNs, and academic medical centers.The Shadow AI Crisis: 72% of healthcare organizations report that AI tools or agents are deployed without formal IT approval at least occasionally, while 37% cite an ad hoc or
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Quantum Health Appoints Dr. Susan Mani as Chief Medical Officer

by Healthcare Executive Hires 09/15/2026 Leave a Comment

Quantum Health Appoints Former Humana Executive Dr. Susan Mani as Chief Medical Officer

What You Should Know Healthcare navigation platform Quantum Health (Dublin, OH) announced on September 15, 2026, the appointment of Dr. Susan Mani as its new Chief Medical Officer (CMO).Dr. Mani brings extensive executive leadership in value-based care and population health, having previously directed clinical and cost-containment initiatives at Humana and regional health system LifeBridge Health.Clinical pedigree includes completing medical school and internal medicine residency at the Johns
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