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Fred Pennic, Editor-in Chief | HIT Consultant

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

Independent Providers Lose $2.2M Annually Due to Referral Backlogs, Tennr Report Finds

by Fred Pennic 10/03/2025 Leave a Comment

Independent Providers Lose $2.2M Annually Due to Referral Backlogs, Tennr Report Finds

What You Should Know:  - Tennr, a company automating the labor-intensive workflows of referral-based care, has released its first Healthcare Provider Benchmark Report. The study uncovers a significant financial challenge: independent healthcare providers lose over 10% (or $2.2M) every year due to claim denials that originate during the patient referral backlog. - The report analyzed data from healthcare organizations using Tennr's platform to process tens of millions of patients,
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Collette Health Acquires VNA: The New Standard for Scaling Virtual Nursing Programs

by Fred Pennic 10/02/2025 Leave a Comment

Collette Health Acquires VNA: The New Standard for Scaling Virtual Nursing Programs

What You Should Know:  - Collette Health's acquisition of the Virtual Nursing Academy (VNA) is a pivotal move that bundles best-in-class technology with the essential education and clinical expertise required to build and sustain successful virtual care delivery models. - With technology, education, and clinical expertise seamlessly integrated, Collette Health has made a decisive move to ensure that healthcare organizations no longer need to navigate the complex challenges of virtual
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Ultrahuman Launches Vision Cloud and $99 Blood Test to Redefine Health Accessibility

by Fred Pennic 10/02/2025 Leave a Comment

Ultrahuman Launches Vision Cloud and $99 Blood Test to Redefine Health Accessibility

What You Should Know:  - Ultrahuman, the global health technology company behind the Ring AIR, has redefined health accessibility with the launch of Vision Cloud and Blood Vision Essentials.  - The dual launch marks a major step in positioning Ultrahuman as the leader in precision diagnostics and actionable health insights. Vision Cloud: Free Universal Health Report Interpreter Vision Cloud is the world’s first free, universal interpreter for health reports. Available
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GoodRx and Kroger Partner to Deliver Instant Brand Medication Savings

by Fred Pennic 10/02/2025 Leave a Comment

GoodRx and Kroger Partner to Deliver Instant Brand Medication Savings

What You Should Know:  - GoodRx, a platform for medication savings in the U.S., has announced the availability of its brand medication savings solution, RxSmartSaver powered by GoodRx, at Kroger pharmacies nationwide.  - The collaboration brings medication affordability directly to the pharmacy counter, aiming to improve the patient experience and deliver stronger economics for the retail partner. Unlocking Instant Savings at 2,200 Kroger Pharmacies RxSmartSaver is now
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M&A: Fortified Health Security Acquires Latitude to Scale HITRUST and Advisory Services

by Healthcare M A 10/02/2025 Leave a Comment

Fortified Health Security Acquires Latitude to Scale HITRUST and Advisory Services

What You Should Know:  - Fortified Health Security (Fortified), a managed security services provider (MSSP) specializing in healthcare cybersecurity acquires Latitude Information Security.  - Latitude is a healthcare-focused cybersecurity advisory firm known for its expertise in HITRUST CSF, risk assessments, and third-party risk management. Expanding End-to-End Capabilities The strategic acquisition scales Fortified's ability to deliver essential healthcare advisory and
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Mayo Clinic Launches Platform_Orchestrate to Accelerate Clinical Development

by Fred Pennic 10/01/2025 Leave a Comment

Mayo Clinic Launches Platform_Orchestrate to Accelerate Clinical Development

What You Should Know:  - Mayo Clinic has announced the launch of Mayo Clinic Platform_Orchestrate, a new program designed to accelerate clinical development and help biopharma and medical device companies bring innovative therapies to patients faster. - The program achieves this by providing collaborators with a single point of access to Mayo Clinic's world-class research and clinical expertise, de-identified clinical data, and advanced artificial intelligence (AI) tools. A Single
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Cancer AI Alliance Unveils World’s First Scalable Federated Learning Platform

by Fred Pennic 10/01/2025 Leave a Comment

Cancer AI Alliance Unveils World’s First Scalable Federated Learning Platform

What You Should Know:  - The Cancer AI Alliance (CAIA)—a formidable collaboration of top U.S. cancer centers and technology giants—has successfully launched the first scalable platform using federated learning for cancer research.  - The platform directly addresses the decades-old bottleneck in medical research: the inability to share vast amounts of sensitive patient data across institutional lines due to technological, regulatory, and privacy constraints. - The alliance is
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Sanofi Commits Additional $625M to Sanofi Ventures to Fuel Biotech and Digital Health Innovation

by Fred Pennic 10/01/2025 Leave a Comment

What You Should Know:  - Sanofi Ventures has announced a significant $625M multi-year capital commitment from Sanofi, substantially increasing its total assets under management (AUM) to over $1.4B.  - The new capital injection into the evergreen venture fund reinforces Sanofi's strong belief that important medical breakthroughs often begin in early-stage companies. Fueling Strategic Growth in Key Therapeutic Areas The new funding commitment builds on more than a decade of
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Assort Health Secures $76M to Optmize Patient Access with Agentic AI

by Fred Pennic 09/30/2025 Leave a Comment

Assort Health

What You Should Know:  - Assort Health, a comprehensive patient experience platform, has announced the close of a $76M in Series B funding led by Lightspeed Venture Partners, with participation from several investors including Felicis and First Round Capital. The funding brings the company's total capital raised to $102M to date. - The funds will be used to expand Assort Health's team and accelerate the development of its comprehensive platform, Assort OS, which has already handled
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Wysa Acquires U.S. Physical Therapy Company Kins in “Reverse Acquisition” to Integrate AI and Physical Health

by Fred Pennic 09/30/2025 Leave a Comment

Wysa Acquires U.S. Physical Therapy Company Kins in "Reverse Acquisition" to Integrate AI and Physical Health

What You Should Know:  - Wysa, a global leader in AI-driven mental health support, has announced its acquisition of Kins, a U.S. physical therapy services company. Financial details of the acquisition were not disclosed.  - This move introduces a "reverse acquisition" strategy, where Wysa, instead of waiting for healthcare services to adopt AI at scale, is actively acquiring established healthcare services to rapidly integrate its technology. The goal is to address the reality that
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