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Fred Pennic, Editor-in Chief | HIT Consultant

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

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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MAUI Imaging Secures $14M, Unveils Patented CET Ultrasound for Unseen Anatomy

by Fred Pennic 07/30/2025 Leave a Comment

MAUI Imaging Secures $14M, Unveils Patented CET Ultrasound for Unseen Anatomy

What You Should Know:  - MAUI Imaging, inventor of patented Computed Echo Tomography (CET) technology that visualizes anatomy other ultrasound technologies cannot secures $14M in a Series D round led by Acertara Acoustic Laboratories and is allocated to support the production, sales, and marketing of the company’s innovative imaging technology. - MAUI Imaging emerged from stealth in August 2024 with the announcement of a $4M U.S. Department of Defense (US Army Medical Research and
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Ambience Healthcare Raises $243M to Expand Clinical Ambient AI Platform

by Fred Pennic 07/29/2025 Leave a Comment

Ambience Healthcare Launches Automated AI Medical Scribe Platform

What You Should Know:  - Ambience Healthcare, an ambient AI platform for documentation, coding, and clinical documentation integrity (CDI), today announced a $243M Series C funding round.  - Co-led by Oak HC/FT and Andreessen Horowitz (a16z), the round saw participation from existing investors including the OpenAI Startup Fund, Kleiner Perkins, and Optum Ventures.  - New investors include Frist Cressey Ventures, Town Hall Ventures, Smash Capital, Georgian, and Founders
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Arbital Health Secures $31M to Accelerate Value-Based Care Contracting

by Fred Pennic 07/29/2025 Leave a Comment

Arbital Health Secures $31M to Accelerate Value-Based Care Contracting

What You Should Know:  - Arbital Health, a healthcare technology company providing critical infrastructure for providers and payers to successfully manage risk-based contracts secures $31M in Series B funding round led by Valtruis, with participation from existing investors Transformation Capital, Shaper Capital, and Healthy Ventures.  - The investment will expand Arbital Health’s payer and provider facing capabilities, accelerate value-based care contract performance monitoring,
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JotPsych Raises $5M to Build First Fully Agentic EHR for Behavioral Health

by Fred Pennic 07/29/2025 Leave a Comment

JotPsych Raises $5M to Build First Fully Agentic EHR for Behavioral Health

What You Should Know:  - JotPsych, creator of the leading AI-powered scribe for behavioral health, today announced it has raised $5M in seed funding led by Base10 Partners.  - The investment positions JotPsych to rapidly transform from a best-in-class AI scribe into the first fully agentic Electronic Health Record (EHR), aiming to fundamentally eliminate administrative tasks for behavioral health clinicians. From AI Scribe to Agentic EHR: Accelerating Transformation Founded
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