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Fred Pennic, Editor-in Chief | HIT Consultant

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

ForSight Robotics Raises $125M for Ophthalmic Robotic Surgery

by Fred Pennic 06/24/2025 Leave a Comment

ForSight Robotics Raises $125M for Ophthalmic Robotic Surgery

What You Should Know:  - ForSight Robotics, the pioneer in ophthalmic robotic surgery secures $125M Series B round, led by Eclipse.  - The investment will accelerate the next growth phase for the ORYOM™ Platform, the world’s first robotic surgery platform for cataract and other eye diseases, as the company prepares to launch first-in-human clinical trials this year. - The funding round, which brings ForSight Robotics’ total funding to $195M, also included significant
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Arine Raises $30M to Redefine Medication Management with AI

by Fred Pennic 06/24/2025 Leave a Comment

Arine Raises $30M to Redefine Medication Management with AI

What You Should Know:  - Arine, the leader in AI-driven medication intelligence announced it has closed a $30M Series C funding round led by Town Hall Ventures, with participation from Kaiser Permanente Ventures and other existing investors. This brings Arine’s total funding to $66M.  - The new capital will empower the company to accelerate its mission of redefining medication management across the healthcare continuum, at a time when the industry faces unprecedented financial and
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SuperDial Raises $15M to Automate Healthcare’s Endless Admin Phone Calls with AI

by Fred Pennic 06/24/2025 Leave a Comment

SuperDial Raises $15M to Automate Healthcare’s Endless Admin Phone Calls with AI

What You Should Know:  - SuperDial, a voice AI company automating the phone calls that drain time and money from healthcare operations raiases $15M in new funding led by SignalFire, with participation from Slow Ventures, BoxGroup, and Scrub Capital. - SuperDail plans to use the funding to scale its voice AI platform, which automates the high-friction insurance calls that cost provider organizations and billing companies billions of dollars every year. Automating Healthcare's Most
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PE Firm Harvest Partners Invest in RCM Company Med-Metrix

by Fred Pennic 06/24/2025 Leave a Comment

PE Firm Harvest Partners Invest in RCM Company Med-Metrix

What You Should Know:  - Med-Metrix, LLC, a provider of technology-enabled Revenue Cycle Management (RCM) solutions has received a significant growth investment from funds managed by Harvest Partners, LP (“Harvest”).  - The investment, made in partnership with Med-Metrix's management and its prior owner, A&M Capital (“AMC”), will support the company’s next phase of development. AMC to Retain Minority Investment The company’s management team, led by CEO Joseph Davi, will
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Oversight Beyond the FDA: New Report Untangles the Complex Regulation of Health AI Tools

by Fred Pennic 06/23/2025 Leave a Comment

Oversight Beyond the FDA: New Report Untangles the Complex Regulation of Health AI Tools

What You Should Know:  - A new report from the Bipartisan Policy Center (BPC) examines the complex and often fragmented regulatory landscape for health AI tools that fall outside the jurisdiction of the U.S. Food and Drug Administration (FDA). As AI becomes increasingly embedded in healthcare—automating administrative tasks, guiding clinical decisions, and powering consumer wellness apps—these tools operate within a patchwork of federal rules, state laws, and voluntary industry
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HFMA25: FinThrive Launches New AI Platforms to Stop Revenue Leakage

by Fred Pennic 06/23/2025 Leave a Comment

FinThrive Launches New AI Platforms to Stop Revenue Leakage

What You Should Know:  - FinThrive, a healthcare revenue management SaaS provider, today announced the launch of FinThrive Fusion™, the first dynamic intelligence platform purpose-built on a modernized data fabric to power the future of revenue cycle management (RCM) innovation.  - The company also announced the launch of FinThrive Denials and Underpayments Analyzer, a next-generation analytics solution powered by the new platform. Introducing the Denials and Underpayments
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Knowtion Health Acquires Switch RCM to Enhance AI-Powered Revenue Recovery Solutions

by Fred Pennic 06/23/2025 Leave a Comment

Knowtion Health Acquires Switch RCM to Enhance AI-Powered Revenue Recovery Solutions

What You Should Know:  - Knowtion Health, a healthcare revenue cycle company, has acquired Switch RCM, a data- and technology-first company that uncovers and resolves overlooked reimbursement opportunities through intelligent automation and data-driven innovation.The financial terms of the transaction were not disclosed. - The combination of Knowtion and Switch RCM is designed to address the growing challenges faced by health systems, including increasing payer complexity, shrinking
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RevelAi Health Closes $3.1M to Scale its Conversational AI Platform for Musculoskeletal Care

by Fred Pennic 06/20/2025 Leave a Comment

RevelAi Health Closes $3.1M to Scale its Conversational AI Platform for Musculoskeletal Care

What You Should Know:  - RevelAi Health, a conversational artificial intelligence (AI) platform built for musculoskeletal care, has closed an oversubscribed $3.1M seed round led by Ulu Ventures and Symphonic Capital, with participation from Orthopedic VC, Sand Hill Angels, and a consortium of nationally recognized orthopedic surgeons. - The company is tackling the largest area of U.S. healthcare spending—musculoskeletal disorders, which exceed $420B annually—by providing a 24/7
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Layer Health and Intermountain Health to Deploy AI for Clinical Data Abstraction

by Fred Pennic 06/20/2025 Leave a Comment

Layer Health and Intermountain Health to Deploy AI for Clinical Data Abstraction

What You Should Know:  - Layer Health, an artificial intelligence (AI) company in healthcare announced a strategic collaboration with Intermountain Health, one of the nation’s top integrated health systems. The collaboration includes a strategic investment from Intermountain Ventures, Intermountain’s innovation and venture capital arm, and a multi-year initiative to deploy the Layer Health AI platform across multiple clinical registries. - The partnership aims to improve the accuracy,
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Huron to Acquire Revenue Cycle Consulting Firm Eclipse Insights

by Fred Pennic 06/20/2025 Leave a Comment

Huron to Acquire Revenue Cycle Consulting Firm Eclipse Insights

What You Should Know:  - Huron has entered into an agreement to acquire Eclipse Insights, a revenue cycle consulting firm dedicated to helping healthcare organizations maximize revenue and improve cash flow. This acquisition is set to enhance Huron’s ability to drive revenue cycle yield and efficiencies for its clients. - The move comes as healthcare providers continue to face significant financial challenges, including ongoing margin pressures, workforce shortages, declining
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