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Fred Pennic, Editor-in Chief | HIT Consultant

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

OpenAI-Backed Chai Discovery Raises $130M to Tackle “Undruggable” Targets with Generative AI

by Fred Pennic 12/15/2025 Leave a Comment

OpenAI-Backed Chai Discovery Raises $130M to Tackle "Undruggable" Targets with Generative AI

What You Should Know:  - Chai Discovery has secured a $130M Series B financing round, propelling its valuation to $1.3 billion just months after emerging from stealth.  - Co-led by Oak HC/FT and General Catalyst, the funding validates Chai’s proprietary AI models, which can predict biochemical interactions and design drugs for targets previously considered "undruggable."  - With backing from industry heavyweights like OpenAI and Thrive Capital, Chai is positioning itself
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Philips Acquires SpectraWAVE to “Double Down” on AI-Powered Coronary Imaging

by Fred Pennic 12/15/2025 Leave a Comment

Philips Acquires SpectraWAVE to “Double Down” on AI-Powered Coronary Imaging

What You Should Know:  - Philips has agreed to acquire SpectraWAVE, Inc., a move designed to bolster its leadership in image-guided therapy by integrating SpectraWAVE’s AI-powered coronary imaging and physiology assessments into the Philips Azurion platform. - The acquisition adds critical next-generation capabilities, including DeepOCT (optical coherence tomography) and wire-free Fractional Flow Reserve (FFR), to Philips' existing portfolio.  - The strategic expansion aims to
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Auxira Health Raises $7.8M to Solve the Cardiology Shortage with Virtual Clinical Pods

by Fred Pennic 12/15/2025 Leave a Comment

Auxira Health Raises $7.8M to Solve the Cardiology Shortage with Virtual Clinical Pods

What You Should Know:  - Auxira Health, a virtual cardiology company co-developed by MedStar Health, has secured $7.8M in seed funding to address the growing cardiologist shortage and clinician burnout crisis.  - Unlike standard telehealth platforms, Auxira embeds dedicated "clinical pods" of nurses and advanced practitioners directly into existing practice workflows, training them on-site to ensure seamless integration.  - The funding will fuel the company's expansion,
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Mount Sinai’s AI Tool “V2P” Predicts Disease Type from Genetic Mutations

by Fred Pennic 12/15/2025 Leave a Comment

Mount Sinai's AI Tool "V2P" Predicts Disease Type from Genetic Mutations

What You Should Know:  - Scientists at the Icahn School of Medicine at Mount Sinai have developed a new artificial intelligence tool called V2P (Variant to Phenotype) that identifies not only disease-causing genetic mutations but also predicts the specific diseases they may trigger.  - Published in Nature Communications, this machine learning model improves diagnostic speed and accuracy by linking genetic variants to phenotypic outcomes, moving beyond simple "harmful vs. benign"
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M&A: Sentact Acquires Performance Health Partners and Vizient PSO to Create Patient Safety Powerhouse

by Fred Pennic 12/15/2025 Leave a Comment

M&A: Sentact Acquires Performance Health Partners and Vizient PSO to Create Patient Safety Powerhouse

What You Should Know:  - Sentact has executed a major strategic expansion by acquiring two significant players in the patient safety space: Performance Health Partners (PHP), the #1 Best-in-KLAS provider of safety incident management software, and the Vizient Patient Safety Organization (PSO), one of the nation's largest PSOs.  - The double acquisition positions Sentact to offer a comprehensive, end-to-end safety platform that combines top-tier incident reporting technology with
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Deloitte 2026 Outlook: Why Traditional Health Strategies Will Fail in the Face of Regulatory Uncertainty

by Fred Pennic 12/12/2025 Leave a Comment

Deloitte 2026 Outlook: Why Traditional Health Strategies Will Fail in the Face of Regulatory Uncertainty

What You Should Know:  - Deloitte’s 2026 US Health Care Outlook reveals a dangerous disconnect: while nearly 70% of health executives expect to outperform competitors next year, the "traditional playbook" of market expansion and cost-cutting is no longer sufficient.  - Amid rising regulatory uncertainty and financial pressure, the report identifies three mandatory pivots for survival: empowering consumer health with digital experiences, scaling generative and agentic AI across
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The VBC Paradox: Why Hospitals Are Doubling Down on Value-Based Care While Revenue at Risk Lags

by Fred Pennic 12/12/2025 Leave a Comment

The VBC Paradox: Why Hospitals Are Doubling Down on Value-Based Care While Revenue at Risk Lags

What You Should Know:  - A new report from Sage Growth Partners reveals a striking disconnect in the healthcare industry: while only 20% of C-suite leaders believe progress has been made in value-based care (VBC) recently, 77% plan to increase their participation in these models over the next two years.  - The "plot twist" indicates that despite operational hurdles and low revenue exposure today, hospital executives view VBC as essential for long-term financial survival. The data
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FDA Clears Ceribell’s AI-Powered EEG as First Device for Continuous Delirium Monitoring

by Fred Pennic 12/12/2025 Leave a Comment

FDA Clears Ceribell’s AI-Powered EEG as First Device for Continuous Delirium Monitoring

What You Should Know:  - Ceribell, Inc. has secured FDA 510(k) clearance for the world’s first continuous, AI-powered delirium monitoring solution, expanding its existing EEG platform beyond seizure detection.  - The technology addresses a massive gap in critical care, providing objective, real-time tracking for a condition that affects up to 80% of ventilated patients and is often missed by manual assessments. The clearance positions Ceribell to significantly improve ICU
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Fighting Physician Burnout: OhioHealth Deploys Abridge AI Across 200+ Care Sites

by Fred Pennic 12/12/2025 Leave a Comment

Fighting Physician Burnout: OhioHealth Deploys Abridge AI Across 200+ Care Sites

What You Should Know:  - OhioHealth has announced a massive expansion of Abridge's generative AI platform to thousands of ambulatory clinicians across its 50-county network. - The decision follows a pilot program that delivered a 59% reduction in cognitive load and a 28% decrease in after-hours documentation time for providers. By automating clinical notes and integrating deeply with the EHR, OhioHealth aims to restore the human connection in patient care, with plans to explore future
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AdventHealth and UCF Transform Lake Nona into a Robotic Surgery and Simulation Epicenter

by Fred Pennic 12/12/2025 Leave a Comment

AdventHealth and UCF Transform Lake Nona into a Robotic Surgery and Simulation Epicenter

What You Should Know:  - Lake Nona Medical City is accelerating its growth as a national hub for integrated health innovation with two major milestones: the topping off of AdventHealth’s new robotic surgery-focused hospital and the expansion of the University of Central Florida (UCF) College of Nursing. - AdventHealth’s 25-acre campus will feature "incisionless" histotripsy technology and collaborative surgical robots, while UCF’s new pavilion triples simulation capacity to address
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