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Fred Pennic, Editor-in Chief | HIT Consultant

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

Sensei Biotherapeutics Acquires Faeth Therapeutics, Raises $200M to Solve PI3K Resistance

by Fred Pennic 02/18/2026 Leave a Comment

Sensei Biotherapeutics Acquires Faeth Therapeutics, Raises $200M to Solve PI3K Resistance

What You Should Know The Deal: Sensei Biotherapeutics has acquired Faeth Therapeutics in a stock-for-stock transaction. Concurrently, Sensei raised a massive $200M in private placement financing to fuel the combined company.The Asset: The centerpiece of the deal is PIKTOR, an oral drug combination that targets the PI3K/AKT/mTOR pathway. Unlike previous drugs that hit just one "node," PIKTOR hits multiple nodes simultaneously to prevent the tumor from finding a workaround.The Promise: In early
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Rainfall Health Raises $15M to Turn CMS Team Mandates into Revenue

by Fred Pennic 02/18/2026 Leave a Comment

Rainfall Health Raises $15M to Turn CMS Team Mandates into Revenue

What You Should Know The Raise: Rainfall Health, an AI-driven compliance platform, has closed a $15M Series A funding round led by Two Bear Capital, along with support from other notable investors.The Catalyst: The investment coincides with the launch of the CMS Transforming Episode Accountability Model (TEAM) on January 1, 2026. This mandate incentivizes hospitals to improve outcomes for five high-spend surgical procedures.The Opportunity: While compliance is often seen as a cost, Rainfall
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Merck to Leverage Mayo Clinic Platform_Orchestrate for AI-Enabled Drug Discovery

by Fred Pennic 02/18/2026 Leave a Comment

Merck to Leverage Mayo Clinic Platform_Orchestrate for AI-Enabled Drug Discovery

What You Should Know The Deal: Merck and Mayo Clinic have signed a strategic research agreement to apply AI and multimodal data to drug discovery. This is Mayo Clinic's first collaboration of this scale with a global biopharma company.The Data: Merck gains access to Mayo Clinic Platform_Orchestrate, a treasure trove of de-identified clinical data, genomic datasets, lab results, imaging, and clinical notes from the world's top-ranked hospital system.The Focus: The partnership will initially
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Pivot Point Consulting Acquired by SV Health Investors’ Portfolio Company to Expand Managed Services

by Fred Pennic 02/17/2026 Leave a Comment

Pivot Point Consulting Acquired by SV Health Investors' Portfolio Company to Expand Managed Services

What You Should Know The Deal: Innovative Consulting Group (ICG), a portfolio company of SV Health Investors, has acquired Pivot Point Consulting. Pivot Point was divested from Highspring to facilitate the transaction. Financial details of the acquisiton were not disclosed. The Brand: The combined organization will operate under the Pivot Point Consulting brand, leveraging its strong market recognition.The Strategy: The merger unites ICG’s strategic advisory capabilities with Pivot Point’s
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Houston Methodist Deploys Ambience Healthcare for System-Wide Clinical Documentation

by Fred Pennic 02/17/2026 Leave a Comment

Houston Methodist Deploys Ambience Healthcare for System-Wide Clinical Documentation

What You Should Know The Rollout: Houston Methodist, one of the nation's leading academic medical centers, is deploying Ambience Healthcare's AI platform enterprise-wide. This isn't just a pilot; it covers ambulatory, emergency, and inpatient settings.The Impact: The data from the initial deployment is staggering. Clinicians saw a 40% reduction in documentation time, a 33% drop in after-hours work ("pajama time"), and a 27% increase in face time with patients.The Scale: Unlike many ambient AI
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McLaren Health Care Partners with Bunkerhill Health for AI-Powered Cardiovascular Screening

by Fred Pennic 02/17/2026 Leave a Comment

McLaren Health Care Partners with Bunkerhill Health for AI-Powered Cardiovascular Screening

What You Should Know The Launch: McLaren Health Care has launched a first-of-its-kind cardiovascular screening program in Michigan, partnering with Bunkerhill Health.The Tech: The program uses the Carebricks platform to analyze existing routine chest CT scans (originally taken for lung cancer or infection) to detect "incidental" signs of heart disease that human radiologists might not prioritize.The Innovation: McLaren is the first system in Michigan—and one of only five in the nation—to
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SpendRule Launches AI-Powered Contract Intelligence Platform with OSF HealthCare and MemorialCare

by Fred Pennic 02/17/2026 Leave a Comment

SpendRule Launches AI-Powered Contract Intelligence Platform with OSF HealthCare and MemorialCare

What You Should Know The Launch: SpendRule has officially launched its AI-powered contract intelligence platform, backed by investors like Abundant Venture Partners and MemorialCare Innovation Fund.The Problem: "Purchased Services" (non-labor spend like housekeeping, IT, and food service) represent a $323 billion category where hospitals often overpay due to complex contracts. Industry estimates suggest $32 billion is wasted annually on preventable overpayments.The Solution: SpendRule
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Harbor Health Acquires Dementia Care Platform Rippl to Expand Condition-Based Pathways

by Fred Pennic 02/13/2026 Leave a Comment

Harbor Health Acquires Dementia Care Platform Rippl to Expand Condition-Based Pathways

What You Should Know The Deal: Harbor Health, an integrated care and coverage provider (a "payvider"), has acquired Rippl, a specialized dementia care platform.The Strategy: The move integrates Rippl’s dementia expertise into Harbor’s "condition-focused care pathways." By combining primary care with specialized dementia management, the goal is to prevent the behavioral crises that often send seniors to the ER.The Scale: The acquisition follows Harbor’s 2025 purchase of 32 VillageMD clinics.
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Atlas Oncology Raises $28M to Take “Full Risk” on Patient Costs

by Fred Pennic 02/13/2026 Leave a Comment

Atlas Oncology Raises $28M to Take "Full Risk" on Patient Costs

What You Should Know The Raise: Atlas Oncology Partners has closed a $28M Series A financing round led by Flare Capital Partners, with significant backing from Rubicon Founders.The Model: Atlas isn't just a software vendor; it is a value-based care platform that assumes full medical cost risk. This means they are financially responsible for the total cost of a patient's cancer journey, aligning their incentives with payers and patients.The Strategy: The company embeds interdisciplinary care
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Montreal AI Company Secai Raises $6.2M to Automate the Front Desk and the Exam Room

by Fred Pennic 02/13/2026 Leave a Comment

Montreal AI Company Secai Raises $6.2M to Automate the Front Desk and the Exam Room

What You Should Know The Raise: Montreal-based Secai has closed a $6.2M Series A financing round to expand its footprint across Canada and the United States.The Tech: The company offers a two-pronged solution: Voxira (autonomous voice reception) and NoteGen (clinical documentation). Together, they aim to automate both patient access and the medical encounter itself.The Credibility: Secai has become the first and only voice AI to receive TGV certification from the Quebec Ministry of Health
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