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Fred Pennic, Editor-in Chief | HIT Consultant

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

The $1.9B Exit: Why CommonSpirit is Insourcing Revenue Cycle and Tenet is Betting Big on Conifer AI

by Fred Pennic 02/02/2026 Leave a Comment

The $1.9B Exit: Why CommonSpirit is Insourcing Revenue Cycle and Tenet is Betting Big on Conifer AI

What You Should Know The Deal: Tenet Healthcare and CommonSpirit Health are unwinding their partnership regarding Conifer Health Solutions. CommonSpirit will pay Tenet approximately $1.9 billion over three years, while Conifer will redeem CommonSpirit's 23.8% equity stake for $540M.The Shift: CommonSpirit has decided to insource its revenue cycle operations starting in 2027. Conifer will continue to provide services through the end of 2026 to ensure a smooth transition.The Forecast: Alongside
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NuvemRx Acquires par8o 340B Referral Capture Business from R1 RCM

by Fred Pennic 02/02/2026 Leave a Comment

NuvemRx Acquires par8o 340B Referral Capture Business from R1 RCM

What You Should Know The Deal: NuvemRx has acquired the 340B referral capture business of par8o (formerly owned by R1 RCM), effectively consolidating two major players in the safety-net pharmacy space.The Scale: The combined entity now supports over 800 covered entities nationwide, representing a cumulative patient base of 70 million lives.The Tech: The acquisition integrates par8o’s referral technology with NuvemRx’s platform, reportedly using AI to automate up to 85% of the complex referral
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GE HealthCare Receives FDA Clearance for Allia Moveo Interventional Imaging System

by Fred Pennic 02/02/2026 Leave a Comment

GE HealthCare Receives FDA Clearance for Allia Moveo Interventional Imaging System

What You Should Know The Launch: GE HealthCare has received FDA 510(k) clearance and CE Marking for Allia™ Moveo, a new mobile C-arm system designed for cardiovascular and interventional procedures.The Design: The system addresses the physical constraints of the operating room. It is compact and cable-free, featuring a "wide-bore" design that accommodates patients of any size while allowing effortless table panning.The AI: The platform integrates CleaRecon DL, an AI-driven tool that removes
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Oracle Health Clinical AI Agent Adds Automated Order Creation Features

by Fred Pennic 02/02/2026 Leave a Comment

Oracle Health to Launch AI-Powered Solutions for Payers and Providers

What You Should Know The Upgrade: The Oracle Health Clinical AI Agent has expanded beyond simple note-taking. It now uses ambient listening to automatically draft clinical orders—including prescriptions, labs, imaging, and follow-ups—during the patient appointment.The Intelligence: Unlike basic speech-to-text, the system uses "advanced reasoning" and semantic understanding. It analyzes patient history, physician "favorites," and organizational preferences to propose the correct dosage or test
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MEDITECH Announces Passing of Founder Neil Pappalardo; Michelle O’Connor Named Interim Chair

by Fred Pennic 01/30/2026 Leave a Comment

What You Should Know The Loss: A. Neil Pappalardo, the founder of MEDITECH and widely considered the "father" of the Electronic Health Record (EHR) industry, passed away on January 27, 2026, at the age of 83.The Legacy: Pappalardo co-authored MUMPS, the programming language that became the backbone of healthcare computing, and pioneered the concept of "one patient, one record" long before interoperability was a buzzword.The Future: MEDITECH President and CEO Michelle O'Connor will serve as
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VA Allocates $1B for EHR Modernization as Part of Record FY26 NRM Spend

by Fred Pennic 01/30/2026 Leave a Comment

Verizon Inks $448.3M Veterans Affairs Contract for Mobile Devices

What You Should Know The Record: The Department of Veterans Affairs (VA) announced a $4.8B investment for FY 2026—the largest single-year commitment to Non-Recurring Maintenance (NRM) in the agency's history.The Tech Angle: While much of the funding goes to physical repairs, a massive $1B is specifically earmarked for the maintenance and modernization of electronic health record (EHR) systems and facility preparation for future updates.The Breakdown: The spending includes $2.8 billion for
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Oracle May Cut 30k Jobs and Sell Cerner to Fund $156B OpenAI Deal

by Fred Pennic 01/30/2026 Leave a Comment

Analysis: Oracle Cerner’s Plans for a National EHR

What You Should Know The Report: Investment bank TD Cowen claims Oracle is evaluating "multiple paths" to finance its massive AI datacenter build-out, including cutting 20,000 to 30,000 jobs and potentially selling its health tech unit, Cerner, the Register reports.The Cause: The financial pressure stems from Oracle’s $300B contract with OpenAI, which requires an estimated $156B in capital spending for GPUs and infrastructure—a burden that has spooked U.S. debt investors.The Indicators: Risk
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Premise Health and Crossover Health Merge to Expand Advanced Primary Care

by Fred Pennic 01/30/2026 Leave a Comment

Premise Health and Crossover Health Merge to Expand Advanced Primary Care

What You Should Know The Deal: Premise Health and Crossover Health have signed a definitive agreement to merge, creating a unified direct healthcare entity serving over 400 organizations and millions of members.The Scale: The combined organization will operate nearly 900 wellness centers across the U.S., offering a massive hybrid footprint of onsite, nearsite, and virtual care.The Leadership: Premise CEO Stu Clark will lead the new organization, but in a rare move for mergers of this size,
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CB Insights Report: Digital Health Funding Hits $22.3B as 14 New Unicorns Emerge

by Fred Pennic 01/29/2026 Leave a Comment

CB Insights Report: Digital Health Funding Hits $22.3B as 14 New Unicorns Emerge

What You Should Know The Rebound: According to the new State of Digital Health 2025 report from CB Insights, digital health funding rose 19% YoY to $22.3B in 2025, driven by fewer, larger checks—average deal size jumped 29% to $20.3M.The Consolidation: M&A activity surged 33% to 210 deals, ending a three-year decline. The market saw massive exits like Thermo Fisher’s $9.4B acquisition of Clario and Waystar’s $1.3B purchase of Iodine Software.The AI Moat: Artificial Intelligence was the
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KLAS 2026 Rankings: Aledade and Guidehealth Named Top VBC Enablement Firms

by Fred Pennic 01/29/2026 Leave a Comment

KLAS 2026 Rankings: Aledade and Guidehealth Named Top VBC Enablement Firms

What You Should Know The News: A new KLAS Research report, Value-Based Care Enablement Services 2026, evaluates the firms helping healthcare organizations transition from fee-for-service to risk-based models.The Leaders: Aledade (95.7 score) and Guidehealth (87.5 score) top the performance charts, praised for their ability to operationalize insights and drive tangible financial results.The Divide: The report reveals a sharp split in satisfaction. While ambulatory practices are aggressively
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