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Fred Pennic, Editor-in Chief | HIT Consultant

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

Thoughtful.ai Secures Strategic Investment to Advance AI-Powered Revenue Cycle Automation

by Fred Pennic 04/11/2025 Leave a Comment

Thoughtful AI Secures $20M, Launches Human-Capable RCM AI Agents

What You Should Know:  - Thoughtful.ai, a company specializing in artificial intelligence (AI)-powered revenue cycle automation has received a strategic investment from New Mountain Capital, a growth-oriented investment firm with over $55B in assets under management.   The investment aims to support Thoughtful.ai’s continued growth and accelerate the adoption of automation and AI solutions to address the complex challenges faced by healthcare
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How Are Advances in Neurologic Technology Changing Diagnosis and Treatment?

by Fred Pennic 04/11/2025 Leave a Comment

How Are Advances in Neurologic Technology Changing Diagnosis and Treatment?

From sophisticated imaging techniques to gene therapies and artificial intelligence, the landscape of neurological care is evolving at an unprecedented pace. These innovations are revolutionizing how we diagnose and treat neurological disorders, offering hope for improved outcomes and a better quality of life for millions affected by conditions impacting the brain, spinal cord, and peripheral nerves.  Advanced Neuroimaging One of the most significant areas of progress lies in
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Cincinnati Children’s & GE HealthCare to Launch Pediatric Care Innovation Hub

by Fred Pennic 04/10/2025 Leave a Comment

Cincinnati Children’s & GE HealthCare Partner to Launch Pediatric Care Innovation Hub

What You Should Know:  - Cincinnati Children’s and GE HealthCare are joining forces to establish a strategic research program focused on driving clinical and technical research to improve pediatric care delivery. - The collaboration will span multiple medical imaging modalities, including magnetic resonance imaging (MRI), ultrasound, molecular imaging (MI), and computed tomography (CT). Pediatric Care Innovation The initiative will create the first pediatric Care Innovation Hub
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Sharp HealthCare to Deploy Abridge GenAI Platform to Enhance Clinical Documentation

by Fred Pennic 04/10/2025 Leave a Comment

Sharp HealthCare to Deploy Abridge GenAI Platform to Enhance Clinical Documentation

What You Should Know: - Sharp HealthCare, the largest integrated health system in San Diego, is set to implement the Abridge generative AI platform across its enterprise. - The implementation will streamline the creation of medical documentation, ensuring it is comprehensive, compliant, and billable, thereby enabling clinicians to dedicate their full attention to patient care. Abridge's technology will be deployed throughout Sharp HealthCare locations, which collectively serve over one
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Innovaccer Report: AI Trends in Healthcare in 2025 and Beyond

by Fred Pennic 04/10/2025 Leave a Comment

Innovaccer Report: AI Trends in Healthcare: 2025 and Beyond

What You Should Know: - Innovaccer Inc., a healthcare AI company, has released its latest research report, "AI Trends in Healthcare: 2025 and Beyond," which explores the growing role of AI in transforming the healthcare industry.   - The report is based on a survey of 105 professionals from 73 U.S. healthcare organizations and includes insights from industry leaders on how AI is impacting clinical workflows, patient care, and operational efficiency. The analysis offers a detailed
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illumicell AI Raises $2M to Transform Semen Diagnostics with Real-Time AI

by Fred Pennic 04/10/2025 Leave a Comment

illumicell AI Raises $2M to Transform Semen Diagnostics with Real-Time AI

What You Should Know:  - Techmed startup illumicell AI, founded by a team of Harvard-trained physician Michel Bielecki, former McKinsey consultant Jeyla Sadikova, and rocket engineer Loup Cordey, has secured $2M in pre-seed funding. The funding round was supported by a combination of healthcare operators, clinicians, and early-stage funds, including life science investors KOFA Healthcare, Harvard Phoenix Venture Fund, and MedTechSyndicates - The company aims to transform fluid-based
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UiPath Launches Medical Record Summarization AI Agent, Powered by Google Cloud

by Fred Pennic 04/09/2025 Leave a Comment

What You Should Know: - UiPath, an enterprise automation and AI software company, has unveiled its new generative AI-based UiPath Medical Record Summarization agent at Google Cloud Next 2025.  - Powered by Google Cloud's Vertex AI and Gemini models, the platform is designed to transform how payer and provider organizations handle medical documents. UiPath Medical Record Summarization AI Agent  Currently in private preview, the UiPath Medical Record Summarization AI agent
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Q1 Hospital M&A Activity Hits Historic Low Amidst Economic Uncertainty

by Fred Pennic 04/09/2025 Leave a Comment

Q1 Hospital M&A Activity Hits Historic Low Amidst Economic Uncertainty

What You Should Know: - Mergers and acquisitions (M&A) activity for hospitals and health systems in the United States experienced a significant slowdown in the first quarter of 2025, according to a recent analysis by Kaufman Hall. - The number of announced transactions reached a historic low, with only five deals recorded. Four out of the five transactions involved financially distressed organizations revealing broader market volatility and economic uncertainty, including concerns
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Physician Burnout Rates Moderate But Remain High, AMA Calls for Continued Action

by Fred Pennic 04/09/2025 Leave a Comment

Physician Burnout Rates Moderate But Remain High, AMA Calls for Continued Action

What You Should Know:  - A recent study published in Mayo Clinic Proceedings indicates that occupational burnout rates among physicians in the United States are decreasing after reaching a peak in 2021 during the COVID-19 pandemic.   - Despite this improvement, the American Medical Association (AMA) emphasizes that U.S. physicians still experience a higher risk of burnout compared to other U.S. workers. The AMA is urging a continued focus on addressing the root causes of
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Poor Member Digital Experience Weighs Heavily on Health Insurers, J.D. Power Finds

by Fred Pennic 04/09/2025 Leave a Comment

Poor Member Digital Experience Weighs Heavily on Health Insurers, J.D. Power Finds

What You Should Know: - Health insurance members, both in commercial and Medicare Advantage plans, are increasingly relying on their health plan's websites and mobile apps for communication. However, these digital experiences are falling short of the standards members expect from other digital-forward industries.   - The J.D. Power 2025 U.S. Healthcare Digital Experience Study reveals that health plan websites and apps frequently fail to meet basic expectations for ease of
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