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Fred Pennic, Editor-in Chief | HIT Consultant

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

Profusa Initiates Bitcoin Treasury Strategy with $100M Funding

by Fred Pennic 07/21/2025 Leave a Comment

Profusa Initiates Bitcoin Treasury Strategy with $100M Funding

What You Should Know:  - Profusa, a commercial-stage digital health company specializing in continuous biochemical monitoring, today announced it is initiating a Bitcoin treasury strategy.  - The strategic move is being executed via a Securities Purchase Agreement (the “ELOC”) with Ascent Partners Fund LLC, under which Ascent will purchase up to $100,000,000 of Profusa’s Common Stock. A key aspect of this strategy is that 100% of the net proceeds will be used to purchase Bitcoin,
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Beyond Disruption: 4 Key Strategies for Healthcare Providers to Thrive Under OBBBA

by Fred Pennic 07/21/2025 Leave a Comment

Beyond Disruption: 4 Key Strategies for Healthcare Providers to Thrive Under OBBBA

What You Should Know:  - The U.S. healthcare landscape is facing a transformative moment with the signing of H.R. 1, the “One Big Beautiful Bill Act” (OBBBA), into law on July 4. This landmark legislation introduces sweeping changes to Medicaid and Medicare, as well as Affordable Care Act (ACA) subsidies. - According to Tamyra Porter, Managing Director of Regulatory Advisory Practice at Premier, these shifts present both significant challenges and a rare inflection point for
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Health IT’s New Chapter: IPOs Return, Resilient M&A, Valuations Rise in 1H 2025

by Fred Pennic 07/18/2025 Leave a Comment

Health IT Sector Navigates Policy Turbulence with Resilient M&A

What You Should Know:  - The first half of 2025 presented a volatile backdrop of policy shocks and economic uncertainty, yet the Health IT sector demonstrated remarkable resilience, seeing a rebound in M&A valuations and a surge in AI adoption, according to a new report from Healthcare Growth Partners (HGP). - The HGP July 2025 Health IT Market Review highlight these dynamic trends, alongside evolving EHR markets in Asia/Oceania and the transformative impact of ambient
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PwC Report: US Medical Cost Trend to Remain Elevated at 8.5% in 2026

by Fred Pennic 07/18/2025 Leave a Comment

PwC Report: US Medical Cost Trend to Remain Elevated at 8.5% in 2026

What You Should Know: - The U.S. healthcare system is entering 2026 with medical cost trends reminiscent of 15 years ago, facing persistent inflationary forces and significant federal policy changes, according to a  new report from PwC.  - The report, "Medical Cost Trend: Behind the Numbers 2026," projects the Group medical cost trend to remain at 8.5% in 2026 (the same level as 2025) and the Individual market trend at 7.5%. Pharmacy costs are a particular concern, projected 2.5
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Navigating Clinical Trials: Physicians Face Major Hurdles in Accessing Innovative Treatments

by Fred Pennic 07/18/2025 Leave a Comment

Navigating Clinical Trials: New Report Reveals Physicians Face Major Hurdles in Accessing Innovative Treatments

What You Should Know:  - myTomorrows, a global health technology company connecting patients and physicians with pre-approval treatments, published a new data report, "Searching for solutions: How physicians navigate trial access and technology."  - Based on a survey of 100 U.S.-based healthcare professionals, the report reveals that 61% of physicians find the process of identifying and accessing relevant clinical trials difficult, and 72% specifically find clinical trial
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Philips Launches ECG AI Marketplace, Partnering with Anumana to Enhance Cardiac Care with AI-Powered Diagnostics

by Fred Pennic 07/17/2025 Leave a Comment

Philips Launches ECG AI Marketplace, Partnering with Anumana to Enhance Cardiac Care with AI-Powered Diagnostics

What You Should Know:  - Philips announced the launch of the Philips ECG AI Marketplace, a new platform that provides cardiac care teams with a central location to access multiple vendor offerings, simplifying the management and implementation of AI-powered diagnostic tools.  - Anumana, an AI-driven health technology company focused on transforming cardiac care, is the first organization to leverage this platform, with its FDA-cleared ECG-AI™ LEF (Low Ejection Fraction) algorithm
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Define Ventures Report Reveals Pharma Accelerates AI Investment for Enterprise-Scale Deployment

by Fred Pennic 07/17/2025 Leave a Comment

Define Ventures Report Reveals Pharma Accelerates AI Investment for Enterprise-Scale Deployment

What You Should Know:  - Define Ventures, one of the largest venture capital firms focused on early-stage health tech companies, today released a report revealing how Big Pharma is accelerating investment in AI to counter rising cost pressure, regulatory shifts, and growing competitive urgency.  - The report is based on in-depth surveys and interviews with over 40 executives, including leaders from 16 of the top 20 pharma companies and major players like Amazon Web Services,
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Advocate Health to Deploy Aidoc’s FDA-cleared AI Algorithms With It’s Clinical Imaging Workflows

by Fred Pennic 07/17/2025 Leave a Comment

Advocate Health to Deploy Aidoc’s FDA-cleared AI Algorithms With It’s Clinical Imaging Workflows

What You Should Know:  - Advocate Health, the nation’s third-largest nonprofit integrated health system, has announced an agreement with Aidoc to expand the use of its AI platform. Following a successful pilot study, this expansion aims to support faster diagnosis, earlier intervention, and more connected delivery of care for patients across its network.  - Advocate Health will leverage Aidoc’s aiOS™ platform to embed FDA-cleared AI algorithms into its clinical imaging workflows,
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OpenEvidence Secures $210M, Launches Free AI Agent for Clinicians

by Fred Pennic 07/16/2025 Leave a Comment

OpenEvidence Secures $210M, Launches Free AI Agent for Clinicians

What You Should Know:  - OpenEvidence, the most widely used medical search and AI application among verified U.S. clinicians raises $210M in Series B funding round, valuing the company at $3.5 billion. The round was co-led by Google Ventures and Kleiner Perkins, with follow-on investment from Series A leader Sequoia Capital, and additional participation from Coatue, Conviction, and Thrive. OpenEvidence has now raised over $300M since its founding. - OpenEvidence is rapidly
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American Heart Association Ventures™ Invests in Auxira Health to Transform Cardiology Care

by Fred Pennic 07/16/2025 Leave a Comment

American Heart Association Ventures™ Invests in Auxira Health to Transform Cardiology Care

What You Should Know:  - Auxira Health, a virtual cardiology platform announced a strategic collaboration with and investment from American Heart Association Ventures™, the venture capital arm of the American Heart Association®. Both organizations share a commitment to improving patient outcomes by better aligning incentives between providers and patients. - Auxira, initially co-developed by MedStar Health and Abundant Venture Partners, launched earlier this year to address the
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