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Fred Pennic, Editor-in Chief | HIT Consultant

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

Regeneron to Acquire Key 23andMe Assets for $256M, Pledges Continuity of Consumer Genome Services

by Fred Pennic 05/19/2025 Leave a Comment

23andMe to Mine Genetic Data for Drug Discovery

What You Should Know:  - Regeneron Pharmaceuticals, Inc. announced it has been named the successful bidder in the bankruptcy auction for substantially all of the assets of 23andMe Holding Co.  - Regeneron plans to acquire 23andMe’s Personal Genome Service® (PGS), Total Health and Research Services business lines, along with its extensive Biobank and associated assets, for $256 million. - Under the terms of the proposed acquisition, Regeneron intends for 23andMe to continue all
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Smarter Technologies Launches AI-Driven Platform to Tackle Hospital RCM Inefficiencies

by Fred Pennic 05/19/2025 Leave a Comment

Smarter Technologies Launches AI-Driven Platform to Tackle Hospital RCM Inefficiencies

What You Should Know:  - Smarter Technologies, an automation and insights platform focused on healthcare efficiency, announced its official launch.  - The new company brings together the strengths of Access Healthcare, SmarterDx, and Thoughtful.ai, three entities that recently received strategic growth investments from New Mountain Capital, LLC, a growth investment firm with over $55B in assets under management.  - Smarter Technologies debuts as the industry’s first
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Trump Budget Would Strip Medicaid from 1.2M Restaurant Workers

by Fred Pennic 05/19/2025 Leave a Comment

Trump Budget Would Strip Medicaid from 1.2M Restaurant Workers

What You Should Know:  - As discussions around significant federal budget changes continue, a new report from One Fair Wage details the potentially severe consequences of proposed Medicaid cuts for low-wage restaurant and tipped workers.  - The report, "Serving While Sick: The Effect of Trump Medicaid and Benefits Cuts on Restaurant Workers & Public Health," released in May 2025, argues that these cuts could strip healthcare from over a million vulnerable workers, forcing
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Microsoft Launches Healthcare Agent Orchestrator

by Fred Pennic 05/19/2025 Leave a Comment

Microsoft Launches Healthcare Agent Orchestrator

What You Should Know:  - Microsoft announced the availability of its healthcare agent orchestrator in the Azure AI Foundry Agent Catalog.  - The platform features pre-configured AI agents, multi-agent orchestration, and open-source customization options, designed to help developers and researchers build sophisticated AI solutions that can coordinate complex, multidisciplinary healthcare workflows, such as those required for cancer tumor boards. - The initiative aims to
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TruBridge Integrates Microsoft Dragon Copilot into EHR

by Fred Pennic 05/19/2025 Leave a Comment

TruBridge Integrates Microsoft Dragon Copilot into EHR

What You Should Know:  - TruBridge, Inc., a healthcare solutions company announced the integration of Microsoft Dragon Copilot with its electronic health record (EHR) solution.  - The collaboration is set to enhance care delivery, bolster financial stability, and improve operational efficiency for the thousands of hospitals and health systems TruBridge serves across the country. - The integration will empower more than 18,000 TruBridge users with Microsoft Dragon Copilot's
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Sprinter Health Secures $55M to Expand In-Home Care for Hard-to-Reach Populations

by Fred Pennic 05/16/2025 Leave a Comment

Sprinter Health Secures $55M to Expand In-Home Care for Hard-to-Reach Populations

What You Should Know:  - Sprinter Health, a company specializing in delivering in-home clinical services secures $55M in Series B funding led by General Catalyst, with significant participation from Andreessen Horowitz (a16z) Bio + Health, and other existing investors including the Regents of the University of California, Google Ventures, and Accel.  - This latest investment brings Sprinter Health's total funding to over $125M since its founding in 2021. Sprinter Health's mission
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Akido Labs Secures $60M to Expand AI-Powered ScopeAI and Tackle Physician Shortage

by Fred Pennic 05/16/2025 Leave a Comment

Akido Labs Secures $60M to Expand AI-Powered ScopeAI and Tackle Physician Shortage

What You Should Know:  - Akido Labs, Inc. (“Akido”), an AI and care delivery company dedicated to reimagining healthcare raises $60M in Series B funding led by Oak HC/FT, with participation from Greco, SNR, and existing investors including Y Combinator, Future Communities Capital, Jeff Dean (Chief Scientist, Google DeepMind & Google Research), and the Comprehensive Blood & Cancer Center. - The investment will be channeled towards expanding the reach and capabilities of Akido’s
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Datavant to Acquire Real-World Evidence Platform Aetion

by Fred Pennic 05/16/2025 Leave a Comment

Datavant to Acquire Real-World Evidence Platform Aetion

What You Should Know:  - Datavant, a health data platform company announced it has signed an agreement to acquire Aetion, a prominent real-world evidence (RWE) platform that powers critical decision-making in healthcare.  - The strategic combination will bring Aetion under the Datavant umbrella to deliver a comprehensive, end-to-end RWE platform, enabling healthcare and life sciences organizations to more efficiently generate insights on the clinical impact of therapies, both in
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Philips’ Future Health Index 2025 Reveals Healthcare Strain, AI Promise, and Critical Trust Gaps

by Fred Pennic 05/15/2025 Leave a Comment

Philips' Future Health Index 2025 Reveals Healthcare Strain, AI Promise, and Critical Trust Gaps

What You Should Know:  - Philips, a global leader in health technology released its 10th annual Future Health Index (FHI) report. The FHI 2025 Report, the largest global survey of its kind analyzing the pressing concerns of both healthcare professionals and patients, paints a stark picture of growing strain on healthcare systems worldwide.  - While artificial intelligence (AI) shows significant promise for transforming care delivery, the report highlights that substantial gaps in
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GE HealthCare Launches AI-Powered CleaRecon DL to Enhance CBCT Image Quality in Interventional Procedures

by Fred Pennic 05/15/2025 Leave a Comment

GE HealthCare Launches AI-Powered CleaRecon DL to Enhance CBCT Image Quality in Interventional Procedures

What You Should Know:  - GE HealthCare today announced the launch of CleaRecon DL, an innovative technology driven by a deep-learning algorithm, designed to significantly improve the quality of cone-beam computed tomography (CBCT) images.  - The artificial intelligence (AI)-powered solution aims to eliminate streak artifacts that can impair image clarity during complex interventional procedures. - CleaRecon DL, which recently received U.S. FDA 510(k) clearance and CE mark,
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