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Fred Pennic, Editor-in Chief | HIT Consultant

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

CareCloud Acquires Medsphere, Creating a Unified Healthcare Technology Platform

by Fred Pennic 08/27/2025 Leave a Comment

Medsphere Raises $40M to Expand Suite of SaaS EHR & RCM Solutions

What You Should Know: - CareCloud, a provider of healthcare technology and AI-powered solutions, has announced its acquisition of the business assets of Medsphere Systems Corporation. Financial details of the acquisition were not disclosed. - Medsphere is a provider of enterprise inpatient and ambulatory solutions with a 23-year legacy and over 600 clients across 50 states and U.S. territories.  Comprehensive Hospital IT Ecosystem Medsphere’s hospital IT ecosystem, now
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EVERSANA and Waltz Health Merge to Redefine Pharmaceutical Commercialization

by Fred Pennic 08/26/2025 Leave a Comment

EVERSANA and Waltz Health Merge to Redefine Pharmaceutical Commercialization

What You Should Know: - EVERSANA and Waltz Health have announced a merger valued at $6B to form a unified healthcare platform that will redefine pharmaceutical commercialization and patient access.  - The merger combines Waltz Health’s software-powered drug-price marketplaces and direct-to-payer model with EVERSANA’s global commercialization services. The new organization aims to deliver a next-generation approach to drug access and value in the U.S. healthcare system, particularly
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M&A: Advent International to Acquire PatientPoint in Strategic Deal

by Fred Pennic 08/26/2025 Leave a Comment

M&A: Advent International to Acquire PatientPoint in Strategic Deal

What You Should Know:  - Advent International, a global private equity investor, has signed a definitive agreement to acquire PatientPoint, a digital point-of-care network.  - The acquisition, from an investor group led by L Catterton and Littlejohn & Co., is expected to close in the fourth quarter of 2025, pending regulatory approvals. Financial terms of the transaction were not disclosed. PatientPoint Overview PatientPoint has over 35 years of experience transforming the
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Sleep.ai Raises $5.5M to Lead AI-Powered Sleep Intelligence Market

by Fred Pennic 08/26/2025 Leave a Comment

Sleep.ai Raises $5.5M to Lead AI-Powered Sleep Intelligence Market

What You Should Know: - Sleep.ai, formerly known as SleepScore Labs secures $5.5M in venture funding led by Treasure Coast Ventures, with participation from Nurture Ventures, the Harvard Business School Alumni Angels of Greater New York, Supermoon Capital, and several other investors.  - The funding will help Sleep.ai accelerate commercialization, expand its partner integrations, and extend its reach across health, wellness, insurance, and other sectors.  Sleep.ai Inception
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Inovalon and Google Cloud Partner to Launch AI-Enabled Prior Authorization Solution

by Fred Pennic 08/26/2025 Leave a Comment

Inovalon and Google Cloud Partner to Launch AI-Enabled Prior Authorization Solution

What You Should Know: - Inovalon, a provider of solutions that empower data-driven healthcare, has announced a new collaboration with Google Cloud to develop an AI-enabled solution designed to address administrative burdens in the healthcare industry. - The partnership will combine Inovalon’s extensive data solutions and subject matter expertise with Google Cloud's advanced AI and machine learning capabilities to tackle time-consuming prior authorization processes.  A Vision for
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IKS Health Launches Scribble Suite Integration on Epic Connection Hub

by Fred Pennic 08/26/2025 Leave a Comment

IKS Health Launches Scribble Suite Integration on Epic Connection Hub

What You Should Know: - IKS Health, a provider of care enablement solutions, has announced that several of its Scribble clinical documentation solutions are now live in the Connection Hub on the Epic Showroom.  - The IKS Scribble Suite can now be integrated with Epic’s electronic health record (EHR) enterprise platform.  Audit-Ready Clinical Documentation The Epic EHR integration is designed to help clinicians efficiently create accurate clinical notes and generate audit-ready
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Nomi Health Report Reveals the “MSK Paradox”: Why Office Workers Have Higher Injury Rates

by Fred Pennic 08/26/2025 Leave a Comment

Nomi Health Report Reveals the "MSK Paradox": Why Office Workers Have Higher Injury Rates

What You Should Know:  - New data from Nomi Health reveals a counterintuitive trend dubbed the "MSK Paradox": white-collar employees report significantly higher rates of musculoskeletal (MSK) disorders than their blue-collar counterparts.  - A national analysis of 435 employers showed that employees in office-based, professional roles had 38% higher MSK rates than skilled laborers. The study found that 27% of office workers reported incidents of back pain, compared to just 18% of
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AbbVie Acquires Gilgamesh’s Psychedelic MDD Program For Up To $1.2B

by Fred Pennic 08/25/2025 Leave a Comment

AbbVie Acquires Gilgamesh's Psychedelic MDD Program for up to $1.2B

What You Should Know:  - AbbVie and Gilgamesh Pharmaceuticals Inc. have announced a definitive agreement for AbbVie to acquire Gilgamesh's lead investigational candidate, bretisilocin, which is in clinical development for the treatment of patients with moderate-to-severe major depressive disorder (MDD).  - The deal is valued at up to $1.2B, which includes an upfront payment and development milestones. As part of the acquisition, Gilgamesh will spin off a new entity that will
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Arcadia Report Reveals Data Gaps Hiding in High-Performing Health Plans

by Fred Pennic 08/25/2025 Leave a Comment

Arcadia Report Reveals Data Gaps Hiding in High-Performing Health Plans

What You Should Know:  - Arcadia, a healthcare data platform, has announced the publication of its new research report, Scaling Smarter: The Data Strategies Powering High-Performing Health Plans. The report reveals a widening gap between the data capabilities that payers need and the tools, infrastructure, and analytics strategies that many still lack.  According to the report, a lack of a unified data foundation built around complete member 360 profiles can hinder the effectiveness
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Humana Report Highlights Better Outcomes for Heart Failure Patients in Value-Based Care

by Fred Pennic 08/25/2025 Leave a Comment

Humana Report Highlights Better Outcomes for Heart Failure Patients in Value-Based Care

What You Should Know:  - Humana Inc. has released a new Value-Based Care Issue Brief with findings that indicate value-based care delivers a higher quality of care and better medication adherence to evidence-based medicine for Medicare Advantage patients diagnosed with heart failure. Impact of Heart Failture Heart failure is a growing concern, with 11.4 million Americans expected to be diagnosed with the condition by 2050. Patients with heart failure are more likely to be
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