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Fred Pennic, Editor-in Chief | HIT Consultant

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

WellSky Expanded Partnership with Google Cloud for AI-Powered Solutions

by Fred Pennic 09/10/2025 Leave a Comment

What You Should Know:  - WellSky, a health and community care technology company, has announced an expanded partnership with Google Cloud to deliver a transformative suite of AI-powered solutions.  - The collaboration will leverage Google's latest Gemini multimodal AI models to create an AI-first platform for post-acute, acute, and community care, moving providers away from fragmented data and siloed applications. Embedding AI into WellSky’s Clinical Workflow The
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Bayer Exits Radiology AI Market, Discontinuing Calantic and Blackford

by Fred Pennic 09/09/2025 Leave a Comment

Bayer Exits Radiology AI Market, Discontinuing Calantic and Blackford

What You Should Know:  - Bayer has announced it will no longer participate in the radiology AI software platform sector, AuntMinnie first reports.  - The company is discontinuing its Calantic Digital Solutions AI platform and services from its Blackford Analysis subsidiary. This decision marks the end of a five-year initiative by the contrast media firm to provide a radiology AI platform that helped practices integrate AI applications from various developers. Discontinuing
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Strive Health Raises $550M to Expand Value-Based Kidney Care with AI and Analytics

by Fred Pennic 09/09/2025 Leave a Comment

Strive Health Raises $550M to Expand Value-Based Kidney Care with AI and Analytics

What You Should Know:  - Strive Health, a provider of value-based kidney care announced it has secured $550M, consisting of a $300M Series D equity round and $250M in debt financing.  - The equity funding was led by New Enterprise Associates (NEA), with additional investments from a syndicate of leading financial institutions, including CVS Health Ventures, CapitalG, and BlackRock, Inc.. Hercules Capital led the debt financing. - The funding will enable Strive and its team of
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M&A: Cohere Health Acquires ZignaAI to Transform Payment Integrity

by Fred Pennic 09/09/2025 Leave a Comment

M&A: Cohere Health Acquires ZignaAI to Transform Payment Integrity

What You Should Know:  - Cohere Health, a leader in clinical intelligence solutions, has acquired ZignaAI and launched a new Payment Integrity (PI) Suite, which is anchored by Cohere Validate™. Financial details of the acquisition were not disclosed.  - Cohere Health’s approach is designed to provide transparency, accuracy, and control to claims payments through clinical intelligence. The new solution is already delivering faster payments, 30% efficiency gains, and 8-9x ROI to health
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athenahealth Launches AI-Native athenaClinicals with Predictive Diagnoses and Ambient Notes

by Fred Pennic 09/09/2025 Leave a Comment

athenahealth Launches AI-Native athenaClinicals with Predictive Diagnoses and Ambient Notes

What You Should Know:  - athenahealth, a provider of network-enabled software and services, has announced new advancements in its electronic health record (EHR), athenaClinicals.  - The new features are part of the company's ongoing launch of its AI-native athenaOne platform and are designed to simplify clinical workflows, automate routine tasks, and deliver personalized insights to enable a more patient-centered approach to care. Intelligent and Adaptive Clinical
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Ascend Learning Acquires Laudio to Enhance Healthcare Workforce Solutions

by Fred Pennic 09/09/2025 Leave a Comment

Ascend Learning Acquires Laudio to Enhance Healthcare Workforce Solutions

What You Should Know:  - Ascend Learning, a healthcare and learning technology company, has announced its acquisition of Laudio, an innovator in frontline leader solutions for health systems.  - The acquisition will enhance Ascend’s suite of workforce management tools and extend its support of the healthcare workforce beyond the classroom, from the student to the practice. Comprehensive Workforce Solution Health system frontline leaders today face mounting pressures, often
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Amazon Pharmacy Expands RxPass to Texas, Offering $5 Monthly Prescriptions for Chronic Conditions

by Fred Pennic 09/08/2025 Leave a Comment

Amazon Pharmacy Expands RxPass to Texas, Offering $5 Monthly Prescriptions for Chronic Conditions

What You Should Know:  - Amazon Pharmacy has announced the expansion of its RxPass subscription service to Texas.  - The service, which costs Prime members just $5 per month, provides access to over 50 commonly prescribed medications that treat chronic conditions like anxiety, diabetes, hypertension, and heart disease.  - Texas ranks fourth in the percentage of U.S. adults with three or more chronic conditions, making the expansion a significant move for the state. The
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Hospital Margins Dip to 0.9% in Q3 as Supply and Drug Costs Escalate

by Fred Pennic 09/08/2025 Leave a Comment

A new Strata Decision Technology report on the financial performance of U.S. hospitals and physician groups, drawn from monthly data from over 1,600 hospitals and 135,000 physicians, reveals that health system operating margins dipped to 0.9% in July 2025. While health systems continue to benefit from steady revenue growth, they face persistent pressures from rising expenses. - The report finds median year-to-date (YTD) health system operating margin was 0.9% in July, down from 1.2% in June, though it remained consistent with levels since January. For U.S. hospitals, the median change in operating margin rose 1.4 percentage points year-over-year (YOY) but slipped 0.2 percentage points month-over-month. Non-Labor Costs Drive Expense Growth The nation's hospitals continue to experience significant expense growth compared to 2024, with non-labor expenses rising faster than labor expenses. Total non-labor expenses increased by 8.7% from July 2024 to July 2025, while labor expenses rose by 5.3% over the same period. Overall, total expenses grew by 6.8% YOY. Supply and drug costs drove the largest increases, climbing by 10.6% and 9.5% respectively, compared to July 2024. This trend is expected to continue as the industry feels the impacts of federal tariffs. Non-labor expenses grew YOY across all regions, with hospitals in the South reporting the largest increase at 9.5%. Outpatient Revenue Leads Growth Hospitals reported continued strength in gross revenues, marking the 27th consecutive month of YOY growth. Outpatient revenue posted the largest YOY gain, rising by 12.0% from July 2024 to July 2025. Inpatient revenue increased by 7.2%, while gross operating revenue grew by 10.6% over the same period. Patient demand was mixed but trended upward overall. Outpatient visits posted the strongest gains, rising by 6.6% compared to July 2024, as patient care continues to shift to more convenient and lower-cost outpatient settings. For example, outpatient upper gastrointestinal endoscopy saw a 21.2% YOY increase, and routine outpatient diagnostic echocardiograms were up by 20.9%. Physician Practices Face Mounting Expenses Physician practices also faced mounting expenses, with per-physician expenses rising for practices across all regions. The median per-physician expense reached a national median of $1.1 million annualized in July, up 6.9% from 2024 and 16.6% compared to 2023. Meanwhile, revenues rose as well, with the median net patient service revenue (NPSR) per physician FTE increasing by 4.7% over 2024. Physician productivity also improved, while support staffing levels declined. For more information about the repot, visit here.

What You Should Know:  - A new Strata Decision Technology report on the financial performance of U.S. hospitals and physician groups, drawn from monthly data from over 1,600 hospitals and 135,000 physicians, reveals that health system operating margins dipped to 0.9% in July 2025. While health systems continue to benefit from steady revenue growth, they face persistent pressures from rising expenses. - The report finds median year-to-date (YTD) health system operating margin was 0.9%
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Phreesia to Acquire AccessOne for $160M to Expand Healthcare Payment Solutions

by Fred Pennic 09/08/2025 Leave a Comment

Phreesia to Acquire AccessOne for $160M to Expand Healthcare Payment Solutions

What You Should Know:  - Phreesia, Inc., a company specializing in patient activation, has entered into a definitive agreement to acquire AccessOne Parent Holdings, Inc., a portfolio company of Frontier Growth.  - The all-cash transaction is valued at $160M and is expected to close in the third or early fourth quarter of Phreesia’s 2026 fiscal year. AccessOne Background  AccessOne is a market leader in providing financing solutions for healthcare receivables, working
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Hello Patient Raises $22.5M to Scale Conversational AI for Patient Communications

by Fred Pennic 09/05/2025 Leave a Comment

Hello Patient Raises $22.5M to Scale Conversational AI for Patient Communications

What You Should Know:  - Hello Patient, a conversational AI company secures $22.5M in Series A financing led by Scale Venture Partners with participation from 8VC, Bling Capital, Max Ventures, Remus Capital, and FirstLook Partners. - The Hello Patient platform handles end-to-end patient conversations across voice, text, and chat, helping healthcare practices run leaner, grow faster, and deliver better care. With this new funding, the company plans to continue expanding its product
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