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Fred Pennic, Editor-in Chief | HIT Consultant

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

Ginkgo, Tangible & Inductive Bio Launch AI-Powered Lab-in-the-Loop Drug Discovery

by Fred Pennic 08/21/2025 Leave a Comment

Ginkgo, Tangible & Inductive Bio Launch AI-Powered Lab-in-the-Loop Drug Discovery

What You Should Know:  - Ginkgo Bioworks has announced a new strategic partnership with Inductive Bio and Tangible Scientific to make AI-driven "lab-in-the-loop" drug discovery more accessible to the industry.  - The collaboration combines high-throughput experimental workflows, streamlined compound management, and predictive chemistry AI models into one seamless, integrated service. This is designed to help scientists discover better drugs with fewer resources by delivering
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Reveleer Report Reveals Technology Gaps Hindering Value-Based Care Transformation

by Fred Pennic 08/21/2025 Leave a Comment

Reveleer Report Reveals Technology Gaps Hindering Value-Based Care Transformation

What You Should Know:  - Reveleer, in partnership with Mathematica and The Harris Poll, has released the 2025 State of Technology in Value-Based Care (VBC) Report. The report's findings come at a pivotal time, highlighting that while payer and provider alignment on VBC goals is stronger than ever, persistent gaps in technology and execution are stalling progress. - The report is based on a national survey of 203 payer and provider decision-makers conducted from May 27 to June 10,
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EliseAI Raises $250M to Expand AI Automation in Healthcare

by Fred Pennic 08/20/2025 Leave a Comment

EliseAI Raises $250M to Expand AI Automation in Healthcare

What You Should Know:  - EliseAI, an AI company focused on automating complex healthcare and housing systems secures $250M Series E funding round led by Andreessen Horowitz (a16z), with participation from new investor Bessemer Venture Partners and existing investors Sapphire Ventures and Navitas Capital.  - The new funding will enable EliseAI to rapidly expand its team to accelerate product innovation, improve patient experiences, streamline operations, and advance its AI-driven
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Cascala Health Secures $8.6M for AI-Enabled Clinical Intelligence Platform for Post-Acute Care

by Fred Pennic 08/20/2025 Leave a Comment

Cascala Health Secures $8.6M for AI-Enabled Clinical Intelligence Platform for Post-Acute Care

What You Should Know:  - Cascala Health, a healthcare technology company based in Boston secures $8.6M in seed financing co-led by Flare Capital Partners and Eniac Ventures, with additional backing from Omega Healthcare Investors, Ziegler Link-age Fund, Tau Ventures, and Digital Health Venture Partners. This brings the company's total funding to $11.23M since its launch in mid-2024. - The new capital will be used to accelerate product development, expand the company’s clinical
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Non-Invasive URIS® Device from Stimvia Delivers Promising Results for Parkinson’s Symptoms

by Fred Pennic 08/20/2025 Leave a Comment

Non-Invasive URIS® Device from Stimvia Delivers Promising Results for Parkinson's Symptoms

What You Should Know:  - Stimvia, a Czech medtech company, has successfully completed a clinical study on its URIS® device for the treatment of Parkinson’s disease symptoms.  - The study, which was published in the medical journal Clinical Parkinsonism & Related Disorders, confirms the safety of the non-invasive treatment and indicates a positive impact on both symptom relief and patients’ quality of life. Impact of Parkinson's Disease Parkinson's disease, the second
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ARC and Revealense Collaborate on Joint Venture to Deliver At-Home AI-Based Neurological Diagnostics

by Fred Pennic 08/20/2025 Leave a Comment

ARC and Revealense Collaborate on Joint Venture to Deliver At-Home AI-Based Neurological Diagnostics

What You Should Know:  - ARC, the innovation arm of the world-renowned Sheba Medical Center, and Revealense, a creator of a neurological-AI engine, have announced a joint venture.  - The collaboration will focus on delivering an advanced neurological diagnostic solution that uses a standard webcam to provide precise, clinically validated diagnoses for a wide range of neurological, cognitive, and developmental conditions in a patient's home. Addressing a Major Clinical
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M&A: CitiusTech Acquires Health Data Movers to Enhance Epic Systems and AI Integration

by Fred Pennic 08/19/2025 Leave a Comment

CitiusTech Acquires Health Data Movers to Enhance Epic Systems and AI Integration

What You Should Know:  - CitiusTech, a provider of healthcare technology and solutions, has announced the acquisition of Health Data Movers, a healthcare technology services firm known for its expertise in platforms like Epic Systems, Workday, and ServiceNow. Financial terms of the acquisition were not disclosed.  - Founded in 2012, Health Data Movers is a U.S.-based firm with a mission to empower patients and providers by leveraging healthcare data and technology. The company brings
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M&A: TigerConnect Acquires eVideon to Unify Hospital Communications

by Fred Pennic 08/19/2025 Leave a Comment

M&A: TigerConnect Acquires eVideon to Unify Hospital Communications

What You Should Know:  - TigerConnect, a leading clinical collaboration platform, has announced its acquisition of eVideon, a leader in hospital smart room technology and digital patient engagement.  - The strategic acquisition marks a significant step in TigerConnect's mission to unify healthcare communications across the care continuum. By combining TigerConnect’s clinical communication tools with eVideon’s smart room solutions, the companies aim to create a seamless and
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OSPRI Launches as Vertically-Integrated Biotech Company with $30M

by Fred Pennic 08/19/2025 Leave a Comment

OSPRI Launches as Vertically-Integrated Biotech Company with $30M

What You Should Know:  - Community Direct DX (CDx), Scienetix, and the R&D division of Advanta Genetics have merged to form OSPRI, a new biotechnology company specializing in polymerase chain reaction (PCR)-based infectious disease detection.  - The merger creates one of the world's first fully vertically-integrated molecular testing platforms. Addressing Cost and Complexity in PCR Testing OSPRI will develop and deliver advanced tools to improve access to high-quality
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New Trilliant Health Report Exposes Widespread Price Variation in U.S. Healthcare

by Fred Pennic 08/19/2025 Leave a Comment

New Trilliant Health Report Exposes Widespread Price Variation in U.S. Healthcare

What You Should Know:  - Trilliant Health, a healthcare analytics firm, has released a new report that leverages data from the Transparency in Coverage (TiC) final rule to expose significant variations in commercial healthcare prices across the United States.  - The analysis, which includes data from 2,659 hospitals and 3,491 ambulatory surgery centers, highlights a "startling spread in prices" for the same procedures.  Information Asymmetry The U.S. healthcare system
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