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Fred Pennic, Editor-in Chief | HIT Consultant

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

Zimmer Biomet to Acquire Monogram Technologies for $177M to Offer First Fully Autonomous Surgical Robot

by Fred Pennic 07/14/2025 Leave a Comment

Zimmer Biomet to Acquire Monogram Technologies for $177M to Offer First Fully Autonomous Surgical Robot

What You Should Know:  - Zimmer Biomet Holdings, a global medical technology leader, and Monogram Technologies Inc., an orthopedic robotics company, announced a definitive agreement for Zimmer Biomet to acquire all outstanding shares of Monogram.  - The deal, valued at an upfront payment of $4.04 per share in cash (approximately $177M equity value, $168M enterprise value), will significantly expand Zimmer Biomet's surgical robotics portfolio and position it to become the first
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Validic Launches Sparks: Generative AI Solution Transforms Wearable Data into Actionable Healthcare Insights

by Fred Pennic 07/14/2025 Leave a Comment

Validic Launches Sparks: Generative AI Solution Transforms Wearable Data into Actionable Healthcare Insights

What You Should Know:  - Validic, a platform for Connected Health Data and remote patient monitoring (RPM), announced the launch of Validic Sparks, a generative AI solution designed to help healthcare organizations transform raw health data from wearables and FDA-approved devices into actionable insights. - Validic Sparks enables health systems, value-based care organizations, health plans, and digital health apps to combine their contextual data with Validic personal health data to
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Omega Healthcare Expands Microsoft Collaboration, Launches 20+ AI Solutions to Transform Revenue Cycle Management

by Fred Pennic 07/14/2025 Leave a Comment

Omega Healthcare Expands Microsoft Collaboration, Launches 20+ AI Solutions to Transform Revenue Cycle Management

What You Should Know:  - Omega Healthcare, a provider of technology-enabled Revenue Cycle Management (RCM) services, today announced an expanded collaboration with Microsoft.  - Through the integration of Microsoft Azure's cutting-edge AI models via Azure AI Foundry and the company's proprietary Omega Digital Platform (ODP), Omega Healthcare has launched more than 20 generative and agentic AI solutions designed to enhance healthcare organizations' revenue cycle operations and
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FTC Penalizes NextMed $150k for Deceptive Weight-Loss Claims

by Fred Pennic 07/14/2025 Leave a Comment

FTC Penalizes NextMed $150k for Deceptive Weight-Loss Claims

What You Should Know:  - The Federal Trade Commission (FTC) has reached  a settlement with Southern Health Solutions, Inc., operating as Next Medical and NextMed, and its founders Robert Epstein and CEO Frank Leonardo III.  - The FTC's charges allege the telemedicine company used deceptive cost and weight loss claims, fake reviews, and undisclosed terms to lure consumers into their weight-loss membership programs. Deceptive Weight-Loss Claims and Hidden Fees According
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New AI Model Predicts Cancer Mutations from Routine Pathology Slides, Streamlining Treatment Decisions

by Fred Pennic 07/11/2025 Leave a Comment

AI Breakthrough: New Model Predicts Cancer Mutations from Routine Pathology Slides, Streamlining Treatment Decisions

What You Should Know:  - A new study by researchers at the Icahn School of Medicine at Mount Sinai, Memorial Sloan Kettering Cancer Center, and collaborators, suggests that artificial intelligence (AI) could significantly improve how doctors determine the best treatment for cancer patients by enhancing how tumor samples are analyzed in the lab. - The compelling findings, published in the July 9 online edition of Nature Medicine, demonstrated that AI can accurately predict genetic
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Samsung to Launch AI-Powered Health Coach Beta in US

by Fred Pennic 07/11/2025 Leave a Comment

Samsung Debuts Ring; Expands Wearable Lineup’s Health Intelligence Capabilities

What You Should Know:  - Samsung Electronics Co. unveils its plans to roll out a beta version of an AI-powered health coach within its Samsung Health application in the US by the end of this year. This new digital assistant, in the form of a chatbot, will analyze users’ health data and assist them in incorporating their doctors’ prescriptions and medical advice into their daily routines. - The initiative follows Samsung’s recent acquisition of Xealth, a US-based healthcare integration
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Ryght Partners w/ Emory Cancer Institute for AI-powered Clinical Trials

by Fred Pennic 07/11/2025 Leave a Comment

Ryght Partners w/ Emory Cancer Institute for AI-powered Clinical Trials

What You Should Know:  - Ryght AI, a provider of real-time generative AI healthcare technology for clinical research, today announced that the prestigious Winship Cancer Institute of Emory University has joined its unique Ryght Research Network.  - The global network creates an AI digital twin of every research site worldwide, allowing distinguished academic institutions like Winship to leverage Ryght's AI platform and applications to revolutionize clinical trial processes and
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Johns Hopkins Launches Illustra Health to Transform Population Health Analytics

by Fred Pennic 07/10/2025 Leave a Comment

Johns Hopkins Launches Illustra Health to Transform Population Health Analytics

What You Should Know:  - Johns Hopkins Health System announced the official launch of Illustra Health, an advanced suite of analytics and implementation capabilities designed to transform the practice of population health. Developed by Johns Hopkins veterans, Illustra Health aims to convert complex data into clear, prioritized actions with a proven impact on financial performance. - Illustra Health builds on Johns Hopkins' long-standing commitment to population health innovation and
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HHS Reverses 1998 PRWORA Interpretation: Tightens “Federal Public Benefit” Access for Illegal Aliens

by Fred Pennic 07/10/2025 Leave a Comment

HHS Launches Investigation of Change Healthcare Cybersecurity Attack

What You Should Know:  - The U.S. Department of Health and Human Services (HHS) today announced a significant policy shift aimed at restoring compliance with federal law and ensuring that taxpayer-funded program benefits, originally intended for American citizens, are not diverted to subsidize illegal aliens.  - HHS has formally rescinded a 1998 interpretation of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA), which it states improperly
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Hospital M&A Activity Rises in Q2 2025, While Financial Performance Remains Stable Despite Challenges

by Fred Pennic 07/10/2025 Leave a Comment

Hospital M&A Activity Rises in Q2 2025, While Financial Performance Remains Stable Despite Challenges

What You Should Know:  - Mergers and acquisitions (M&A) for hospitals and health systems saw an uptick in the second quarter of 2025, rising to eight transactions from the previous quarter’s five, according to Kaufman Hall’s latest analysis. Simultaneously, new data from Kaufman Hall’s May 2025 National Hospital Flash Report reveals that hospitals’ financial and operational performance, while slightly less robust than in prior months, remained stable overall. - These trends unfold
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