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Fred Pennic, Editor-in Chief | HIT Consultant

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

Cancer AI Alliance Unveils World’s First Scalable Federated Learning Platform

by Fred Pennic 10/01/2025 Leave a Comment

Cancer AI Alliance Unveils World’s First Scalable Federated Learning Platform

What You Should Know:  - The Cancer AI Alliance (CAIA)—a formidable collaboration of top U.S. cancer centers and technology giants—has successfully launched the first scalable platform using federated learning for cancer research.  - The platform directly addresses the decades-old bottleneck in medical research: the inability to share vast amounts of sensitive patient data across institutional lines due to technological, regulatory, and privacy constraints. - The alliance is
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Sanofi Commits Additional $625M to Sanofi Ventures to Fuel Biotech and Digital Health Innovation

by Fred Pennic 10/01/2025 Leave a Comment

What You Should Know:  - Sanofi Ventures has announced a significant $625M multi-year capital commitment from Sanofi, substantially increasing its total assets under management (AUM) to over $1.4B.  - The new capital injection into the evergreen venture fund reinforces Sanofi's strong belief that important medical breakthroughs often begin in early-stage companies. Fueling Strategic Growth in Key Therapeutic Areas The new funding commitment builds on more than a decade of
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Assort Health Secures $76M to Optmize Patient Access with Agentic AI

by Fred Pennic 09/30/2025 Leave a Comment

Assort Health

What You Should Know:  - Assort Health, a comprehensive patient experience platform, has announced the close of a $76M in Series B funding led by Lightspeed Venture Partners, with participation from several investors including Felicis and First Round Capital. The funding brings the company's total capital raised to $102M to date. - The funds will be used to expand Assort Health's team and accelerate the development of its comprehensive platform, Assort OS, which has already handled
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Wysa Acquires U.S. Physical Therapy Company Kins in “Reverse Acquisition” to Integrate AI and Physical Health

by Fred Pennic 09/30/2025 Leave a Comment

Wysa Acquires U.S. Physical Therapy Company Kins in "Reverse Acquisition" to Integrate AI and Physical Health

What You Should Know:  - Wysa, a global leader in AI-driven mental health support, has announced its acquisition of Kins, a U.S. physical therapy services company. Financial details of the acquisition were not disclosed.  - This move introduces a "reverse acquisition" strategy, where Wysa, instead of waiting for healthcare services to adopt AI at scale, is actively acquiring established healthcare services to rapidly integrate its technology. The goal is to address the reality that
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Biograph and Caristo Partner to Study Novel AI-Based Cardiac Marker in US Patients

by Fred Pennic 09/30/2025 Leave a Comment

Biograph and Caristo Partner to Study Novel AI-Based Cardiac Marker in US Patients

What You Should Know:  - Biograph, a preventive health and diagnostics clinic, has announced a partnership with Caristo Diagnostics to become the first U.S. clinic to study a novel AI-based preventive cardiac marker in asymptomatic patients.  - The marker detects coronary artery inflammation using cardiac CT scans. This study will be available exclusively to Biograph’s Black Tier members who are clinically eligible. Why Early Inflammation Detection is a
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Confido Health Raises $10M to Automate Patient Access with AI Voice Agents

by Fred Pennic 09/30/2025 Leave a Comment

Confido Health Raises $10M to Automate Patient Access with AI Voice Agents

What You Should Know:  - Confido Health, a company specializing in AI-powered voice agents for healthcare secures $10M Series A funding round, bringing its total funding to $13M.  - The round was led by Blume Ventures, with participation from Schema Ventures, Vicus Ventures, and existing investors such as Together Fund. The new capital will be used to expand its platform and meet the surging demand for automated solutions. Solving the Phone Paradox in Healthcare Even in
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Switchboard Health Acquires Conduce Health to Scale AI-Driven Specialty Care

by Fred Pennic 09/30/2025 Leave a Comment

Switchboard Health Acquires Conduce Health to Scale AI-Driven Specialty Care

What You Should Know:  - Switchboard Health, a creator of a digital health platform for connecting patients with high-value specialty care, has announced the acquisition of Conduce Health. Financial details of the acquisition were not disclosed.  - Conduce Health is an AI-driven solution specializing in personalized multispecialty care. This strategic acquisition will combine Switchboard's existing EMR-integrated software and virtual care network with Conduce's predictive
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Inspiren Raises $100M to Scale AI-Powered Senior Living Ecosystem

by Fred Pennic 09/29/2025 Leave a Comment

Inspiren Raises $100M to Scale AI-Powered Senior Living Ecosystem

What You Should Know:  - Inspiren, a leader in AI-powered solutions for senior living raises $100M in Series B funding led by Insight Partners, with participation from several firms including Avenir, Primary Venture Partners, and Scale Venture Partners. - This brings Inspiren’s total funding to $155M, representing the largest within the senior living technology space. AI-Powered Solutions for Senior Living The senior living industry is facing significant challenges, including
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KLAS Report: Epic’s Native Ambient Speech Tool Reshapes Customer AI Strategies

by Fred Pennic 09/29/2025 Leave a Comment

KLAS Report: Epic's Native Ambient Speech Tool Reshapes Customer AI Strategies

What You Should Know:  - A new KLAS Flash Insights report explores how Epic’s  native clinician-facing ambient AI speech tool has the potential to reshape the market.   - Initially, Epic provided ambient speech through integrations with partners like Microsoft and Abridge. However, at its annual UGM in August 2025, Epic announced its own native clinician-facing ambient speech tool, developed with Microsoft.  - To understand the industry reaction, KLAS
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CareCloud Acquires HFMA’s MAP App to Infuse AI into Hospital Benchmarking

by Fred Pennic 09/29/2025 Leave a Comment

CareCloud Acquires HFMA’s MAP App to Infuse AI into Hospital Benchmarking

What You Should Know:  - CareCloud, a leader in AI-driven healthcare technology solutions, has announced a definitive agreement to acquire MAP App, an industry-leading hospital benchmarking tool created by the Healthcare Financial Management Association (HFMA).  - The acquisition, which is scheduled to close on October 1, 2025, is supported by a long-term joint marketing agreement that will enable the expansion of MAP App’s capabilities, particularly through the introduction of
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