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Fred Pennic, Editor-in Chief | HIT Consultant

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

Mount Sinai Health System to Deploy Midstream Health’s AI-Powered Financial Platform

by Fred Pennic 03/18/2026 Leave a Comment

Mount Sinai Health System to Deploy Midstream Health's AI-Powered Financial Platform

What You Should Know The Collaboration: The Mount Sinai Health System has announced a strategic collaboration with Midstream Health, an AI-powered financial action platform backed by a16z and CommonSpirit Ventures.The Initial Deployment: Mount Sinai is first deploying the AI platform specifically within its supply chain system. The health system spends "well in excess of $1 billion a year" on supplies, equipment, and services.The Core Problem: Large healthcare organizations suffer from
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M&A: Knowtion Health Acquires revly to Expand Intelligent Reimbursement and Claims Routing Solutions

by Fred Pennic 03/18/2026 Leave a Comment

Knowtion Health Acquires revly to Expand Intelligent Reimbursement and Claims Routing Solutions

What You Should Know The Acquisition: Knowtion Health, a major player in healthcare revenue cycle management (RCM), has officially acquired revly, a startup specializing in intelligent reimbursement solutions and claims routing.The Buyer's Scale: Founded in 2008 and backed by Arsenal Capital Partners and Sunstone Partners, Knowtion Health already serves over 550 hospitals nationwide and manages more than $4.5B annually in outstanding balance accounts.The Technology Acquired: Founded in 2021,
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Turquoise Health Secures $40M for AI-Powered Healthcare Pricing Platform

by Fred Pennic 03/17/2026 Leave a Comment

Turquoise Health Secures $40M for Healthcare Pricing Platform

What You Should Know The Funding: Turquoise Health, a multi-sided healthcare pricing and payment platform, has closed a $40M Series C funding round led by Oak HC/FT, with participation from a16z, Adams Street Partners, and Yosemite.The Macro Crisis: The financial infrastructure of U.S. healthcare is fundamentally broken, resulting in nearly $1 trillion in annual administrative waste. Opaque, paper-based contracts lead to massive revenue leakage, claim denials, and surprise patient billing.The
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Conduit Health Secures $17M for AI-Powered Medical Supply Platform

by Fred Pennic 03/17/2026 Leave a Comment

Conduit Health Secures $17M for AI-Powered Medical Supply Platform

What You Should Know The Funding: Conduit Health, a consumer-oriented provider of insurance-covered medical supplies, has closed a $17M Series A led by Drive Capital, bringing its total funding to $22 million.The Problem: Roughly 50 million Americans rely on insurance-covered home medical supplies (Durable Medical Equipment or DME). However, navigating the shifting payer rules, physician documentation, and prior authorizations often turns a straightforward Medicare/Medicaid benefit into a
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NVIDIA and Persistent Systems Partner to Bring ‘Agentic AI’ to Drug Discovery

by Fred Pennic 03/17/2026 Leave a Comment

NVIDIA and Persistent Systems Partner to Bring 'Agentic AI' to Drug Discovery

What You Should Know The Partnership: Persistent Systems, a global digital engineering firm, is collaborating with NVIDIA to deploy AI-powered solutions specifically for the Healthcare and Life Sciences (HLS) sector.The Goal: The collaboration aims to move BioPharma companies out of the "AI experimentation" phase and into real-world, production-grade deployments for computational drug discovery and research.The Tech Stack: Persistent is utilizing the full-stack NVIDIA AI platform, including
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HEARTio Secures $4.25M to Advance ECGio AI Platform for Coronary Artery Disease Detection

by Fred Pennic 03/16/2026 Leave a Comment

HEARTio Secures $4.25M to Advance ECGio AI Platform for Coronary Artery Disease Detection

What You Should Know The Funding: HEARTio, an artificial intelligence healthcare diagnostics company, has closed $4.25 million in new seed financing. Backers include Intelligence Ventures, Audacious Capital, VU Venture Partners, LifeX, and Bessel.The Core Product: HEARTio’s flagship platform, ECGio, utilizes AI to analyze a standard 12-lead electrocardiogram (ECG) to non-invasively predict the presence, severity, and location of coronary artery disease (CAD).The Goal: The company will use the
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Nitra Secures $187M to Expand AI-Native Healthcare Operating System

by Fred Pennic 03/13/2026 Leave a Comment

Nitra Secures $187M to Expand AI-Native Healthcare Operating System

What You Should Know The Mega-Round: Nitra, an AI-native operating platform for healthcare practices secures $187M in new financing. This includes $72M in new equity (across a $50M Series B and a previously unannounced $22M Series A), $20Min venture debt, and a $95M warehouse facility.The Growth Metrics: The company is experiencing explosive traction. In 2025, Nitra grew its annualized revenues by over 740%—jumping from $4M to over $33M—and surpassed $1 billion in annualized processing volume
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Amigo AI Secures $11M to Build & Train Patient-Facing Clinical Agents

by Fred Pennic 03/13/2026 Leave a Comment

Amigo AI Secures $11M to Build & Train Patient-Facing Clinical Agents

What You Should Know The Funding: Amigo AI secures $11M in Series A funding round led by Madrona, with participation from Optum Ventures. This brings the company's total capital raised to $17M.AI Clinical Agents: While many healthcare AI startups focus on back-office ambient scribes, Amigo builds and trains autonomous patient-facing clinical agents. These agents interact directly with patients for intake, triage, personalized care navigation, and 24/7 support.The "Digital Residency": To
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Microsoft Launches Copilot Health, Integrates Apple Health, Oura, and 50,000 EHRs in New AI Push

by Fred Pennic 03/12/2026 Leave a Comment

Microsoft Copilot Health, Integrates Apple Health, Oura, and 50,000 EHRs in New AI Push

What You Should Know The Launch: Microsoft has officially opened the waitlist for Copilot Health, a dedicated, secure ecosystem within Copilot designed to aggregate and make sense of personal health data.The Ultimate Aggregator: The platform solves the "fragmentation" problem by pulling data from three major silos:Wearables: Integrates with over 50 devices including Apple Health, Oura, and Fitbit.Clinical Records: Connects to over 50,000 U.S. hospitals via HealthEx to pull visit summaries and
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AMA Survey: 81% of Doctors Now Use AI, But Who Owns the Liability?

by Fred Pennic 03/12/2026 Leave a Comment

AMA Survey: 81% of Doctors Now Use AI, But Who Owns the Liability?

What You Should Know Massive Adoption Spike: According to an American Medical Association (AMA) survey, Over 80% of physicians now use AI professionally, a stark increase from 38% in 2023. The average number of AI use cases per physician has more than doubled to 2.3.Burnout Relief vs. Skill Loss: The survey report, 2026 Physician Survey on Augmented Intelligence, reveals that while 70% of physicians explicitly view AI as a tool to automate the tasks contributing to clinical burnout, a
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