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Fred Pennic, Editor-in Chief | HIT Consultant

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

Report: Health Systems Turn to Technology to Combat Enduring Workforce Challenges

by Fred Pennic 06/25/2025 Leave a Comment

Health Systems Turn to Technology to Combat Enduring Workforce Challenges

What You Should Know:  - A new report from the Center for Connected Medicine (CCM) at UPMC and KLAS Research reveals that healthcare leaders are increasingly investing in technology to address persistent workforce issues, years after the COVID-19 pandemic strained the industry to its limits. - The new report, titled “Transforming Health Care Workforce Management: How Technology Can Address Workforce Challenges at Health Systems,” indicates a decisive shift in strategy. Over 80% of
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NPHub Secures $20M to Tackle Nurse Practitioner Shortage and Modernize Clinical Placement

by Fred Pennic 06/25/2025 Leave a Comment

NPHub Secures $20M to Tackle Nurse Practitioner Shortage and Modernize Clinical Placement

What You Should Know:  - NPHub, the pioneering digital platform connecting nurse practitioner students with essential clinical rotations announced a $20M growth equity investment from leading growth equity firm, Edison Partners.  - The first round of institutional capital will fuel the company's mission to streamline the cumbersome process of clinical and career placement for the nation's rapidly growing population of nurse practitioners. Addressing a Critical Healthcare
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Abridge Secures $300M to Embed Revenue Cycle Intelligence into Clinical Conversations

by Fred Pennic 06/24/2025 Leave a Comment

Abridge Secures $300M to Embed Revenue Cycle Intelligence into Clinical Conversations

What You Should Know:  - Abridge, a generative AI platform for clinical conversations secures $300M in Series E funding led by Andreessen Horowitz (a16z), with participation from Khosla Ventures.  - The new capital will accelerate the company's efforts to transform the way care is delivered, documented, and reimbursed, starting at the point of care. Tackling Healthcare's Administrative Burden at its Source Every year, the U.S. healthcare system spends nearly $1.5 trillion
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ForSight Robotics Raises $125M for Ophthalmic Robotic Surgery

by Fred Pennic 06/24/2025 Leave a Comment

ForSight Robotics Raises $125M for Ophthalmic Robotic Surgery

What You Should Know:  - ForSight Robotics, the pioneer in ophthalmic robotic surgery secures $125M Series B round, led by Eclipse.  - The investment will accelerate the next growth phase for the ORYOM™ Platform, the world’s first robotic surgery platform for cataract and other eye diseases, as the company prepares to launch first-in-human clinical trials this year. - The funding round, which brings ForSight Robotics’ total funding to $195M, also included significant
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Arine Raises $30M to Redefine Medication Management with AI

by Fred Pennic 06/24/2025 Leave a Comment

Arine Raises $30M to Redefine Medication Management with AI

What You Should Know:  - Arine, the leader in AI-driven medication intelligence announced it has closed a $30M Series C funding round led by Town Hall Ventures, with participation from Kaiser Permanente Ventures and other existing investors. This brings Arine’s total funding to $66M.  - The new capital will empower the company to accelerate its mission of redefining medication management across the healthcare continuum, at a time when the industry faces unprecedented financial and
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SuperDial Raises $15M to Automate Healthcare’s Endless Admin Phone Calls with AI

by Fred Pennic 06/24/2025 Leave a Comment

SuperDial Raises $15M to Automate Healthcare’s Endless Admin Phone Calls with AI

What You Should Know:  - SuperDial, a voice AI company automating the phone calls that drain time and money from healthcare operations raiases $15M in new funding led by SignalFire, with participation from Slow Ventures, BoxGroup, and Scrub Capital. - SuperDail plans to use the funding to scale its voice AI platform, which automates the high-friction insurance calls that cost provider organizations and billing companies billions of dollars every year. Automating Healthcare's Most
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PE Firm Harvest Partners Invest in RCM Company Med-Metrix

by Fred Pennic 06/24/2025 Leave a Comment

PE Firm Harvest Partners Invest in RCM Company Med-Metrix

What You Should Know:  - Med-Metrix, LLC, a provider of technology-enabled Revenue Cycle Management (RCM) solutions has received a significant growth investment from funds managed by Harvest Partners, LP (“Harvest”).  - The investment, made in partnership with Med-Metrix's management and its prior owner, A&M Capital (“AMC”), will support the company’s next phase of development. AMC to Retain Minority Investment The company’s management team, led by CEO Joseph Davi, will
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Oversight Beyond the FDA: New Report Untangles the Complex Regulation of Health AI Tools

by Fred Pennic 06/23/2025 Leave a Comment

Oversight Beyond the FDA: New Report Untangles the Complex Regulation of Health AI Tools

What You Should Know:  - A new report from the Bipartisan Policy Center (BPC) examines the complex and often fragmented regulatory landscape for health AI tools that fall outside the jurisdiction of the U.S. Food and Drug Administration (FDA). As AI becomes increasingly embedded in healthcare—automating administrative tasks, guiding clinical decisions, and powering consumer wellness apps—these tools operate within a patchwork of federal rules, state laws, and voluntary industry
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HFMA25: FinThrive Launches New AI Platforms to Stop Revenue Leakage

by Fred Pennic 06/23/2025 Leave a Comment

FinThrive Launches New AI Platforms to Stop Revenue Leakage

What You Should Know:  - FinThrive, a healthcare revenue management SaaS provider, today announced the launch of FinThrive Fusion™, the first dynamic intelligence platform purpose-built on a modernized data fabric to power the future of revenue cycle management (RCM) innovation.  - The company also announced the launch of FinThrive Denials and Underpayments Analyzer, a next-generation analytics solution powered by the new platform. Introducing the Denials and Underpayments
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Knowtion Health Acquires Switch RCM to Enhance AI-Powered Revenue Recovery Solutions

by Fred Pennic 06/23/2025 Leave a Comment

Knowtion Health Acquires Switch RCM to Enhance AI-Powered Revenue Recovery Solutions

What You Should Know:  - Knowtion Health, a healthcare revenue cycle company, has acquired Switch RCM, a data- and technology-first company that uncovers and resolves overlooked reimbursement opportunities through intelligent automation and data-driven innovation.The financial terms of the transaction were not disclosed. - The combination of Knowtion and Switch RCM is designed to address the growing challenges faced by health systems, including increasing payer complexity, shrinking
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