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Fred Pennic, Editor-in Chief | HIT Consultant

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

KLAS Report: State of EHR Adoption in Asia & Oceania in 2025

by Fred Pennic 07/02/2025 Leave a Comment

KLAS Report: State of EHR Adoption in Asia & Oceania in 2025

What You Should Know:  - The healthcare technology landscape in Asia and Oceania is experiencing significant growth, driven by increasing digital maturity and a strong desire for enhanced interoperability, according to a new KLAS Research report. The report, "Asia/Oceania EHR 2025," reveals key trends in vendor performance and market share, highlighting a maturing market with evolving customer demands for value and up-to-date technology. - The KLAS report, a follow-up to 2022 data,
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Bluesight 2025 Report: How Software is Cutting Hospital Drug Diversion

by Fred Pennic 07/02/2025 Leave a Comment

Bluesight 2025 Report: How Software is Cutting Hospital Drug Diversion

What You Should Know:  - Bluesight, a leader in hospital intelligence solutions released its 2025 Diversion Trends Report, a comprehensive analysis highlighting the significant impact of software on the monitoring, prevention, and identification of controlled substance diversion in healthcare settings.  - The report, which analyzed over 266 million controlled substance transactions from more than 1,100 hospitals and health systems nationwide, offers crucial insights for
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M&A: Nordic Capital Acquires Majority Stake in Arcadia

by Fred Pennic 07/01/2025 Leave a Comment

M&A: Nordic Capital Acquires Majority Stake in Arcadia

What You Should Know:  - Arcadia, a prominent healthcare data platform, and Nordic Capital, a private equity investor in healthcare and technology, today announced a strategic partnership under which Nordic Capital will become the majority owner of Arcadia.  - The strategic investment aims to accelerate Arcadia’s mission to expand its reach and deepen its impact on healthcare customers by providing a flexible, scalable platform and delivering more comprehensive data to inform
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John Snow Labs Launches Spinoff Martlet.ai to Enable AI-Powered HCC Coding for Payers and Providers

by Fred Pennic 07/01/2025 Leave a Comment

John Snow Labs Launches Spinoff Martlet.ai to Enable AI-Powered HCC Coding for Payers and Providers

What You Should Know:  - John Snow Labs, a prominent AI company in the healthcare sector, today announced the launch of Martlet.ai, a new healthcare AI company dedicated to redefining how payers and providers approach Hierarchical Condition Category (HCC) Coding.  - Founded by engineers and payment experts from John Snow Labs, Martlet.ai is the first of several planned spin-off companies aimed at tackling specific, high-impact challenges within the healthcare industry using
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Catalio Capital Management Closes $400M+ Fund IV to Fuel Breakthrough Biomedical Innovation

by Fred Pennic 07/01/2025 Leave a Comment

Catalio Capital Management Closes $400M+ Fund IV to Fuel Breakthrough Biomedical Innovation

What You Should Know:  - Catalio Capital Management, LP (“Catalio”), a healthcare investment firm, today announced the successful close of its fourth venture fund, Catalio Nexus Fund IV (“Fund IV”), with over $400M in commitments across the Fund and its related co-investment vehicles.  - Launched in 2020 by Co-Founders George Petrocheilos and Dr. Jacob Vogelstein, Catalio currently manages $2B in assets across its private equity, private credit, and public equities
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Eko Health’s SENSORA Platform Gains CMS Reimbursement and CPT Code for AI-Powered Cardiac Detection

by Fred Pennic 07/01/2025 Leave a Comment

Eko Health's SENSORA Platform Gains CMS Reimbursement and CPT Code for AI-Powered Cardiac Detection

What You Should Know:  - Eko Health, a leader in AI-powered cardiac and pulmonary care, today announced a major stride in expanding access to early heart disease detection. The Centers for Medicare & Medicaid Services (CMS) has included Eko's SENSORA platform in its July 2025 provisional update to the Hospital Outpatient Prospective Payment System (OPPS), assigning SENSORA's Category III CPT code to APC 5734, with a reimbursement rate of $128.90 per use.  - The Category III
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PathAI Granted FDA Clearance for AISight Dx for Primary Diagnosis in Clinical Settings

by Fred Pennic 07/01/2025 Leave a Comment

PathAI Granted FDA Clearance for AISight Dx

What You Should Know:  - PathAI, a global leader in artificial intelligence (AI) and digital pathology solutions, today announced it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its digital pathology image management system, AISight® Dx, for use in primary diagnosis in clinical settings. - The FDA clearance builds upon the platform's initial 510(k) clearance for AISight Dx(Novo) in 2022, demonstrating PathAI’s ongoing commitment to innovation and
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Premier, Inc. Acquires EMR-Agnostic Platform IllumiCare

by Fred Pennic 06/30/2025 Leave a Comment

Premier, Inc. Acquires EMR-Agnostic Platform IllumiCare

What You Should Know:  - Premier, a technology-driven healthcare performance improvement company announced its acquisition of IllumiCare, a healthcare technology firm renowned for its EMR-agnostic platform. This strategic move significantly expands Premier's capabilities in the clinical decision support (CDS) space by integrating IllumiCare's real-time clinical and financial data at the point of care. - The acquisition aims to empower providers to make optimal clinical decisions while
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LogicFlo AI Secures $2.7M to Optimize Life Sciences with AI Agent Workforce

by Fred Pennic 06/30/2025 Leave a Comment

LogicFlo AI Secures $2.7M to Optimize Life Sciences with AI Agent Workforce

What You Should Know:  - LogicFlo AI, a pioneering Boston-based startup, today announced it has secured $2.7M in seed funding led by Lightspeed with participation from healthcare and enterprise AI investors. - The investment will accelerate the deployment of its intelligent agent platform across the pharmaceutical, biotech, and medtech industries. LogicFlo AI aims to free life sciences experts from tedious "busywork" by providing them with AI collaborators for high-stakes,
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AMGA 2025 Survey: Physician Compensation Rises Significantly Amidst Stable Productivity

by Fred Pennic 06/30/2025 Leave a Comment

AMGA 2025 Survey: Physician Compensation Rises Significantly Amidst Stable Productivity

What You Should Know:  - The newly published AMGA 2025 Medical Group Compensation and Productivity Survey reveals substantial increases in compensation for various clinical specialties in 2024. The comprehensive analysis, encompassing data from over 184,000 providers across nearly 500 medical groups, shows a significant 4.9% compensation increase across the entire dataset, signaling a robust market for healthcare talent. - After years of fluctuations influenced by CMS Physician Fee
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