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Fred Pennic, Editor-in Chief | HIT Consultant

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

Frazier Healthcare Partners Sells Elevate Patient Financial Solutions to Audax and Parthenon

by Fred Pennic 08/05/2025 Leave a Comment

Frazier Healthcare Partners Sells Elevate Patient Financial Solutions to Audax and Parthenon

What You Should Know:  - Frazier Healthcare Partners (“Frazier”), a private equity firm focused exclusively on the healthcare sector announced the sale of Elevate Patient Financial Solutions (“Elevate” or the “Company”) to Audax Private Equity and Parthenon Capital. Financial terms of the transaction were not disclosed. - Elevate, headquartered in Spring, TX, is a leading provider of technology-enabled specialty revenue cycle management (“RCM”) services for hospitals and health systems,
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Capsa Healthcare Acquires BlueBin, Creates a Complete Clinical Supply Management Solution

by Fred Pennic 08/04/2025 Leave a Comment

Capsa Healthcare Acquires BlueBin, Creates a Complete Clinical Supply Management Solution

What You Should Know:  - Capsa Healthcare, a leader in healthcare workflow and supply management solutions, today announced its acquisition of BlueBin, a recognized innovator in Kanban-based supply chain systems and predictive analytics for healthcare.  - The strategic acquisition brings together two complementary capabilities, enhancing visibility, efficiency, and reliability across the entire clinical supply chain. Financial details of the acquisition were not
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Brightstar Capital Partners Acquires Analyte Health to Accelerate Direct-to-Consumer Digital Healthcare Growth

by Fred Pennic 08/04/2025 Leave a Comment

What You Should Know:  - Brightstar Capital Partners (“Brightstar”), a private equity firm, announced it has acquired Analyte Health (“Analyte”), a technology-driven, direct-to-consumer digital health company.  - As part of the acquisition, Analyte founder Fiyyaz Pirani will continue as CEO and retain a significant ownership stake in the Company. Financial detials of the acquisition were not disclosed. Direct-to-Consumer Healthcare Analyte Health provides discreet,
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HealthTap Launches Virtual Direct Primary Care Program

by Fred Pennic 08/04/2025 Leave a Comment

HealthTap Enters DME Market with Aeroflow Healthcare

What You Should Know:  - HealthTap, a virtual healthcare provider, today announced the launch of its Direct Virtual Primary Care for Organizations program.  - The new program enables employers, cost-sharing entities, and other member-based organizations to offer high-quality, AI-enabled virtual primary care without complex integrations or infrastructure overhauls.  Virtual Care Leader Goes DPC Following 'Big Beautiful Bill' The formal launch follows the recent
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HHS Repeals Policy Linking Hospital Reimbursement to Staff Vaccination Reporting

by Fred Pennic 08/04/2025 Leave a Comment

HHS Launches EHR Innovations for Improving Hypertension Challenge_HHS Funded Health Care Innovation Award Projects to Watch

What You Should Know:  - Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr. today announced the repeal of federal policy that financially rewarded hospitals for reporting staff vaccination rates, a policy he described as coercive and a denial of informed consent. - “Medical decisions should be made based on one thing: the wellbeing of the person - never on a financial bonus or a government mandate,” said Secretary Kennedy. “Doctors deserve the freedom to use their
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HHS Finalizes HTI-4 Rule: Prior Authorization & E-Prescribing Interoperability

by Fred Pennic 08/01/2025 Leave a Comment

HHS Finalizes HTI-4 Rule: Prior Authorization & E-Prescribing Interoperability

What You Should Know:  - The U.S. Department of Health and Human Services (HHS) has released a new final rule, the Health Data, Technology, and Interoperability: Electronic Prescribing, Real-Time Prescription Benefit and Electronic Prior Authorization (HTI-4).  - The rule implements policies to support the goal of processing prior authorizations in real time during patient care encounters and is a critical step in advancing interoperability for patients, providers, and payers to ease
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FDA Mandates Opioid Safety Labeling Changes to Combat Misuse and Overdose Risks

by Fred Pennic 08/01/2025 Leave a Comment

FDA Mandates Opioid Safety Labeling Changes to Combat Misuse and Overdose Risks

What You Should Know:  - The U.S. Food and Drug Administration (FDA) is requiring safety labeling changes to all opioid pain medications to better emphasize and explain the risks associated with their long-term use.  - The decision follows a public advisory committee meeting in May that reviewed data showing serious risks, including misuse, addiction, and both fatal and non-fatal overdoses, for patients who use opioids over long periods. Evidence-Based Decision-Making The
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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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