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Fred Pennic, Editor-in Chief | HIT Consultant

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

Chipiron Secures $17M to Transform MRI Access with Portable Scanner

by Fred Pennic 04/30/2025 Leave a Comment

Chipiron Secures $17M to Transform MRI Access with Portable Scanner

What You Should Know:  - French deeptech startup Chipiron today announced it has raised $17M in a Series A funding round to finalize the development of its compact, affordable MRI system.  - Led by Blast, with participation from the EIC Fund and iXcore, and supported by public funding initiatives including France2030 and the EIC Accelerator, the investment aims to make highly accurate MRI technology accessible worldwide. Tackling MRI Accessibility Challenges Magnetic
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TempoPay Launches Rx Financing Solution to Combat Prescription Non-Adherence Due to Cost

by Fred Pennic 04/30/2025 Leave a Comment

TempoPay Launches Rx Financing Solution to Combat Prescription Non-Adherence Due to Cost

What You Should Know:  - TempoPay, a subsidiary of healthcare financing provider PayMedix announced the launch of TempoPay Rx, a new financing solution specifically designed to help individuals afford prescription medications and address the growing problem of non-adherence driven by cost. - The launch of TempoPay Rx is also positioned as a strategy to lower overall healthcare expenditures. Medication non-adherence is known to lead to worsening health conditions, resulting in
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Verily Receives $14.7M Grant from Michael J. Fox Foundation to Create Rich Molecular Dataset for Parkinson’s Research

by Fred Pennic 04/30/2025 Leave a Comment

Verily Receives $14.7M Grant from Michael J. Fox Foundation to Create Rich Molecular Dataset for Parkinson's Research

What You Should Know:  - Verily, an Alphabet company focused on health data platforms and AI, today announced it has received a significant $14.7M grant from The Michael J. Fox Foundation for Parkinson’s Research (MJFF).  - The funding will support the generation of a comprehensive molecular dataset aimed at accelerating research into Parkinson’s disease. Building on the Personalized Parkinson’s Project The new initiative will leverage and significantly expand upon data
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Basil Systems Secures $11.5M to Expand AI-Powered Intelligence Platform for Life Sciences

by Fred Pennic 04/30/2025 Leave a Comment

Basil Systems Secures $11.5M to Expand AI-Powered Intelligence Platform for Life Sciences

What You Should Know:  - Basil Systems, a provider of an AI-powered product lifecycle intelligence platform tailored for the life sciences industry, announced it has raised a total of $11.5M in funding led by Golden Ventures, with participation from Hearst Ventures and Argosy Capital. - The infusion of capital is earmarked for significant expansion efforts, including enhancing its enterprise BasilIntel SaaS platform, deepening product capabilities, and accelerating the adoption of
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Amazon Pharmacy, Photon Partner to Improve Rx Access + Price Transparency

by Fred Pennic 04/29/2025 Leave a Comment

Amazon Pharmacy Partners w/ Photon to Improve Rx Access + Price Transparency

What You Should Know:  - Photon Health (“Photon”), a prescription network focused on patient choice and transparency announced a collaboration with Amazon Pharmacy, the digital-first online pharmacy known for price transparency and medication access.  - The collaboration integrates Amazon Pharmacy’s real-time inventory availability and dynamic delivery estimates directly into the Photon patient experience platform, aiming to expand access to affordable medications through
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5 Ways Trump Administration Tariffs Are Impacting U.S. Healthcare Now

by Fred Pennic 04/29/2025 Leave a Comment

5 Ways New Trump Administration Tariffs Are Impacting U.S. Healthcare Now

What You Should Know:  - Recent changes to U.S. trade policy under the Trump Administration, including a new baseline tariff on imports, are sending ripples through the healthcare industry, creating significant uncertainty and cost pressures.  - According to recent  analysis by Premier Inc., while a temporary pause on reciprocal tariffs (excluding China) is in effect until early July, the new landscape presents immediate challenges.  Trump Administration Tariffs
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Cedar Launches ‘Kora’ AI Voice Agent to Automate Patient Billing Calls

by Fred Pennic 04/29/2025 Leave a Comment

Cedar Unveils Agentic AI Purpose Built for Healthcare Billing

What You Should Know:  - Cedar, a patient financial platform for healthcare providers announced the launch of Kora, its advanced AI voice agent designed to automate patient billing calls.  - Developed in collaboration with communications platform Twilio and already being implemented at leading providers such as ApolloMD, Kora leverages Cedar's deep healthcare expertise and proprietary billing data to deliver efficient and empathetic call resolution at scale. Kora: An AI Voice
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Color Health + MSK Direct to Tackle Employer Cancer Care

by Fred Pennic 04/29/2025 Leave a Comment

Color Health + MSK Direct to Tackle Employer Cancer Care

What You Should Know:  - Color, a healthcare technology company, has teamed up with MSK Direct from Memorial Sloan Kettering Cancer Center (MSK).  - The collaboration aims to provide employers, unions, and health plans with comprehensive cancer care offerings, making MSK's world-renowned expertise and support accessible to employees and members regardless of their location.   Addressing Fragmentation and Barriers in Cancer Care Access to top-tier healthcare,
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DexCare Appoints Matthew Blosl as New CEO to Lead Next Phase of Growth

by Healthcare Executive Hires 04/29/2025 Leave a Comment

DexCare Appoints Matthew Blosl as New CEO to Lead Next Phase of Growth

What You Should Know:  – DexCare, Inc., the market-leading platform provider for orchestrating patient demand and care access, today announced the appointment of Matthew Blosl as its new Chief Executive Officer and board member.  - Blosl takes the helm from Co-Founder Derek Streat, who successfully guided DexCare's evolution from a spinout to a recognized category leader, facilitating care connections for over five million patients nationwide. Streat will transition to DexCare’s
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Synapse Health Appoints Jay Shah as Chief Financial Officer

by Healthcare Executive Hires 04/29/2025 Leave a Comment

Synapse Health Appoints Jay Shah as Chief Financial Officer

What You Should Know:  - Synapse Health, a leader in advancing the durable medical equipment (DME) industry toward value-based care models, today announced the appointment of Jay Shah as its new chief financial officer (CFO).  - Shah joins Synapse's expanding executive leadership team, bringing extensive expertise in finance and a deep understanding of the DME ecosystem to the role. In his new role, Shah will leverage his considerable experience to support Synapse Health's
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