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Fred Pennic, Editor-in Chief | HIT Consultant

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

UNC Health Rebrands Rex Health Ventures to Launch UNC Health Ventures Strategic Investment Platform

by Fred Pennic 08/21/2026 Leave a Comment

UNC Health Rebrands Rex Health Ventures to Launch UNC Health Ventures Strategic Investment Platform

What You Should Know UNC Health officially announced the rebranding and expansion of Rex Health Ventures into UNC Health Ventures, establishing a unified, systemwide corporate venture capital (CVC) and strategic investment platform.The venture platform builds on more than a decade of strategic healthcare investing, having supported nearly 30 early-stage healthcare companies since its founding in 2012.UNC Health Ventures is directly funded through UNC Health’s broader investment portfolio,
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Cityblock Acquires Homeward and Secures $116M to Unify Urban-Rural Care

by Fred Pennic 08/20/2026 Leave a Comment

Cityblock Acquires Homeward and Secures $116M to Unify Urban-Rural Care

What You Should Know Cityblock Health entered into a definitive agreement to acquire Homeward Health in an all-stock transaction, paired with a $116M Series E financing round led by General Catalyst.The combined entity now serves nearly 200,000 members nationwide across Medicaid, Medicare Advantage, and dual-eligible programs, generating $2.2B in annualized revenue (up 77% year-over-year and more than 4x its 2021 fundraise level).Homeward Health brings a dedicated rural-first Medicare
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Bristol Myers Squibb Partners with Chai Discovery for AI Antibody Design

by Fred Pennic 08/20/2026 Leave a Comment

Chai Discovery Raises $400M to Accelerate AI-Driven Molecular Design Platform

What You Should Know Chai Discovery announced a strategic biopharmaceutical collaboration with Bristol Myers Squibb (BMS) to advance the discovery and engineering of therapeutic antibodies using artificial intelligence.Bristol Myers Squibb will integrate Chai’s proprietary molecular folding and de novo design models across its drug discovery portfolio to power an AI-driven, continuously learning discovery system.Chai Discovery’s platform acts as a computer-aided design (CAD) suite for
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Radial Acquires Mindful Health Solutions MSO to Scale 27-Clinic Brain Medicine Network

by Fred Pennic 08/20/2026 Leave a Comment

Radial Acquires Mindful Health Solutions MSO to Scale 27-Clinic Brain Medicine Network

What You Should Know Radial has acquired the Management Services Organization (MSO) supporting Mindful Health Solutions, creating the nation’s largest clinical management network dedicated to advanced brain medicine and interventional psychiatry.The combined management platform supports 27 outpatient clinics across California, Texas, Washington, and New York, encompassing over 100 clinicians and serving hundreds of thousands of patients with major depressive disorder (MDD), PTSD, OCD, tardive
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XiFin Names Chris Martin Chief Product Officer Amid Rapid AI-Enabled Empower Platform Growth

by Healthcare Executive Hires 08/20/2026 Leave a Comment

XiFin Names Chris Martin Chief Product Officer Amid Rapid AI-Enabled Empower Platform Growth

What You Should Know XiFin, Inc. appointed Chris Martin as Chief Product Officer (CPO) to lead product strategy, drive solution modularity, and expand adoption of the company's AI-enabled XiFin Empower revenue cycle management (RCM) platform.Martin's appointment follows the February 2026 hiring of Chief Technology Officer Sanjay Kumar, forming a technical leadership pairing focused on translating AI innovation into measurable customer value across new healthcare segments.XiFin reported a
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WellSky Unveils AI Summarization and Post-Acute Tracking Across 120,000 Providers

by Fred Pennic 08/20/2026 Leave a Comment

WellSky Launches AI Ambient Listening in Specialty Care EHR to Cut Documentation Time by 41%

What You Should Know WellSky announced two new capabilities within its WellSky CarePort® care transition suite: CareBrief (AI-driven clinical summarization) and Patient Visibility Pro (longitudinal post-discharge tracking).Integrated into WellSky CarePort Transition and Care Management workflows, the tools address clinical data fragmentation and lack of visibility after hospital discharge.CareBrief synthesizes external clinical, social, and post-acute data from outside the hospital EHR into
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M&A: Francisco Partners to Acquire Weave in $650M Take-Private Deal

by Fred Pennic 08/20/2026 Leave a Comment

What You Should Know Weave Communications, Inc. entered into a definitive agreement to be acquired by global technology investment firm Francisco Partners in an all-cash take-private transaction valued at an aggregate equity valuation of approximately $650M.Weave stockholders will receive $7.40 per share in cash, representing an approximate 34% premium over the company’s unaffected closing stock price on August 17, 2026.Upon completion of the transaction, expected in the fourth quarter of
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Ambience Healthcare Launches The Ambience Standard, Linking AI Platform Fees Directly to Measurable Clinical and Financial Outcomes

by Fred Pennic 08/19/2026 Leave a Comment

Ambience Healthcare Launches The Ambience Standard, Linking AI Platform Fees Directly to Measurable Clinical and Financial Outcomes

What You Should Know Ambience Healthcare introduced The Ambience Standard, a partnership and commercial contracting model that ties software fees to verified clinical, operational, and financial outcomes rather than conventional software seats, tokens, or feature consumption.The model embeds forward-deployed teams—comprising practicing clinicians, software engineers, and care transformation and value attainment specialists—directly inside health systems to lead custom workflow integration,
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Aily Labs Partners with Google Cloud to Scale AI Decision Intelligence for Pharma and Biotech

by Fred Pennic 08/19/2026 Leave a Comment

Aily Labs Partners with Google Cloud to Scale AI Decision Intelligence for Pharma and Biotech

What You Should Know Aily Labs, developer of an AI-native Decision Intelligence platform, announced a strategic partnership with Google Cloud to launch its platform on the Google Cloud Marketplace.The collaboration enables global life sciences, pharmaceutical, and biotech enterprises to procure and deploy Aily’s AI agents directly through existing Google Cloud contracts, counting toward committed cloud spend without additional vendor or compliance reviews.Aily’s decision-ready agents
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JD Power Finds Medicare Advantage Satisfaction Drops as Members Demand Patient Advocacy

by Fred Pennic 08/19/2026 Leave a Comment

JD Power Finds Medicare Advantage Satisfaction Drops as Members Demand Patient Advocacy

What You Should Know Overall customer satisfaction with Medicare Advantage plans dropped 12 points in 2026 to 611 (on a 1,000-point scale), marking a 41-point cumulative decline since 2024 across all measured dimensions of the member experience, according to the JD Power 2026 U.S. Medicare Advantage Study.Fewer than half (43%) of plan members strongly agree that their Medicare Advantage insurer is a trusted partner in their health and wellness.The largest two-year satisfaction declines
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M&A: Francisco Partners to Acquire Weave in $650M Take-Private Deal

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Mount Sinai Medical Center Extends Epic’s Ambient AI to Inpatient Nursing

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M&A: Tempus AI to Acquire Personalis for $1.5B to Expand Precision Oncology and MRD Monitoring

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