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Fred Pennic, Editor-in Chief | HIT Consultant

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

LucyRx Acquires CerpassRx: Creates a New PBM Powerhouse for Employers and Health Plans

by Fred Pennic 08/01/2025 Leave a Comment

LucyRx Acquires CerpassRx: Creates a New PBM Powerhouse for Employers and Health Plans

What You Should Know:  - LucyRx, a next-generation pharmacy benefit manager (PBM), announced it has acquired CerpassRx, a leading PBM known for its customized pharmacy solutions and clinical programs.  - The acquisition, which closed on July 15, 2025, positions the newly combined company to serve a broad range of clients, from health plans and self-funded employers to Taft-Hartley plans. - The transaction was financed through a combination of equity and debt, with equity
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MAGENTIQ EYE Secures Funding to Advance AI-Powered Gastroenterology Diagnostics

by Fred Pennic 08/01/2025 Leave a Comment

MAGENTIQ EYE Secures Funding to Advance AI-Powered Gastroenterology Diagnostics

What You Should Know:  - MAGENTIQ EYE LTD., an innovator in AI-powered gastroenterology decision-support software, announced completion of its Series A funding round led by aMoon, with participation from existing investors Norgine Ventures BV (Netherlands), Nina Capital (EU & USA), Namarel Ventures SL (Spain), Nova Capital (Italy), and private investors Sake Bosch and Roon Doornink (USA). The proceeds from the funding round will support the continued development and expansion of
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CMS Finalizes TEAM Model: A New Era of Value-Based Surgical Care

by Fred Pennic 07/31/2025 Leave a Comment

Meaningful Use Penalties_Meaningful Use_Partial Code Free_Senators Urge CMS to Establish Clear Metrics for ICD-10 Testing

What You Should Know:  - The Centers for Medicare & Medicaid Services (CMS) today issued the 2026 Final Rule that officially codifies the Transforming Episode Accountability Model (TEAM), an innovative new blueprint for tech-enabled, outcome-based care payment models.  - Starting in 2026, TEAM will hold hospitals and health systems accountable for the entire episode of care for major surgeries, from admission through 30 days post-discharge, with the goal of reducing
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J.D. Power 2025 Pharmacy Study: Mail Order Pharmacies Outpace Chain Drug Stores in Satisfaction

by Fred Pennic 07/31/2025 Leave a Comment

J.D. Power 2025 Pharmacy Study: Mail Order Pharmacies Outpace Chain Drug Stores in Satisfaction

What You Should Know:  - Overall customer satisfaction with mail order pharmacies has risen steadily, while satisfaction with chain drug stores has slid, causing many chain drug store customers to consider switching providers, according to the J.D. Power 2025 U.S. Pharmacy Study, - The trend is fueled by a rise in digital engagement and a decline in neighborhood drug stores, is setting the stage for a "tipping point in the pharmacy space". - The J.D. Power 2025 U.S. Pharmacy Study,
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Ultromics Secures $55M to Expand AI-Driven Cardiology Solutions for Heart Failure

by Fred Pennic 07/31/2025 Leave a Comment

Ultromics Secures $55M to Expand AI-Driven Cardiology Solutions for Heart Failure

What You Should Know:  - Ultromics, a pioneer in AI-driven cardiology solutions secures $55M in Series C financing co-led by L&G, Allegis Capital, and Lightrock, with continued support from Oxford Science Enterprises, GV, Blue Venture Fund, and Oxford University. Major U.S. health systems, including University of Chicago Medicine and UCM Ventures, also participated in the round. - Built on years of clinical study and hundreds of thousands of echo scans, Ultromics offers the first
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Axonius Acquires Cynerio for Over $100M, Strengthening Medical Device Security in Healthcare

by Fred Pennic 07/30/2025 Leave a Comment

Axonius Acquires Cynerio for Over $100M, Strengthening Medical Device Security in Healthcare

What You Should Know:  - Axonius, a global leader in cyber asset intelligence announced that it has acquired Cynerio, a pioneer in medical device security, for more than $100M in a cash and stock transaction.  - The acquisition directly addresses a critical challenge for healthcare providers, where the proliferation of connected medical devices has created a vast and unprotected attack surface. These specialized assets, essential to patient care, have historically been invisible
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Labcorp Launches GenAI Tool to Simplify Lab Test Selection for Healthcare Providers

by Fred Pennic 07/30/2025 Leave a Comment

Labcorp Launches GenAI Tool to Lab Test Selection for Healthcare Providers

What You Should Know:  - Labcorp announced the launch of Test Finder, a first-of-its-kind generative AI tool developed with Amazon Web Services (AWS).  - Designed to simplify lab test selection, Test Finder enables healthcare providers to ask questions or describe conditions in plain language and receive curated test recommendations, thereby enhancing the user experience and freeing up more time for patient care. Critical Role of Laboratory Testing in Healthcare Laboratory
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White House Event Unveils CMS Health Tech Ecosystem Initiative

by Fred Pennic 07/30/2025 Leave a Comment

White House Event Unveils CMS Health Tech Ecosystem Initiative

What You Should Know:  - The U.S. Department of Health and Human Services (HHS) today announced significant progress towards building a smarter, more secure, and more personalized healthcare experience, driven by a new partnership with innovative private sector companies.  - During a White House “Make Health Tech Great Again” event hosted with the Centers for Medicare & Medicaid Services (CMS), the Administration secured commitments from major healthcare and information technology
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C8 Health Raises $12M to Expand Best Practices Implementation Platform for Clinical Teams

by Fred Pennic 07/30/2025 Leave a Comment

C8 Health Raises $12M to Expand Best Practices Implementation Platform for Clinical Teams

What You Should Know:  - C8 Health, a best practices implementation platform for healthcare, today announced a $12M Series A funding round led by Team8, with participation from 10D and Vertex Ventures Israel. The latest round brings C8’s total funding to $18M.  - The investment aims to bridge the significant gap between evidence and practice in healthcare, providing clinicians with instant, contextual access to vetted, site-specific knowledge. New Standard for Best Practices
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Healthcare Investment Shifts in 1H 2025: AI Remains a Bright Spot Amidst Fundraising Decline

by Fred Pennic 07/30/2025 Leave a Comment

Digital Health Faces Q2'25 Pullback: Funding Falls to 5-Year Low, But AI Dominates and $1B+ IPOs Emerge

What You Should Know:  - After a strong start to the year, the digital health sector experienced a significant pullback in Q2 2025, with deal volume declining to its lowest quarterly activity level in the last five years, according to the latest report from Silicon Valley Bank (SVB).  - The report, Mid-Year Healthcare Investment and Exits Report reveals growing investor selectivity and capital concentration in fewer, high-conviction bets amidst ongoing global economic
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