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Fred Pennic, Editor-in Chief | HIT Consultant

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

Biostate AI Secures $12M to Optimize RNA Sequencing, Precision Medicine

by Fred Pennic 05/20/2025 Leave a Comment

Biostate AI Secures $12M to Optimize RNA Sequencing, Precision Medicine

What You Should Know:  - Biostate AI, an innovator at the intersection of artificial intelligence and RNA sequencing raises $12M in Series A funding spearheaded by Accel, with participation from Gaingels, Mana Ventures, InfoEdge Ventures, and existing investors Matter Venture Partners, Vision Plus Capital, and Catapult Ventures. This brings the company's total funding to over $20M. - The newly acquired funds will be pivotal in advancing Biostate AI’s mission to unlock affordable and
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Onvida Health and Ambience Healthcare Launch AI Pilot to Transform Clinical Documentation and Reduce Clinician Burnout

by Fred Pennic 05/20/2025 Leave a Comment

Onvida Health and Ambience Healthcare Launch AI Pilot to Transform Clinical Documentation and Reduce Clinician Burnout

What You Should Know:  - Onvida Health, a provider of integrated care throughout Arizona, and Ambience Healthcare, an AI platform for clinical documentation, Clinical Documentation Integrity (CDI), and coding, today announced the launch of a pilot program across multiple Onvida Health clinical sites.  - The initiative will see Onvida Health clinicians in outpatient, inpatient, and emergency department settings utilize Ambience's suite of AI applications to generate comprehensive
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New Report Reveals Barriers to Patient Portal Adoption

by Fred Pennic 05/20/2025 Leave a Comment

New Report Reveals Barriers to Patient Portal Adoption

- LexisNexis® Risk Solutions today released a new report offering fresh insights into consumer engagement with healthcare portals, their preferences for identity verification, and their confidence in the security of their health data.  - The findings, based on an Ipsos survey of 3,010 U.S. adults, underscore a critical need for healthcare organizations to reduce adoption barriers and implement robust security protocols that balance strong identity verification with a user-friendly
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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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