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Fred Pennic, Editor-in Chief | HIT Consultant

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

Elion Raises $9.3M for Healthcare AI Research and Intelligence Platform

by Fred Pennic 08/06/2025 Leave a Comment

Elion Raises $9.3M for Healthcare AI Research and Intelligence Platform

What You Should Know:  - Elion, the AI-powered research and intelligence platform for healthcare technology, has announced the close of an oversubscribed $9.3M seed funding round. - The financing was led by existing investor NEA and saw participation from new investors, including Cedars Sinai Health Ventures, TMV, Scrub Capital, and Alumni Ventures. Lack of Structured Intelligence in Healthcare As generative AI and other advanced technologies transform the industry, healthcare
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Bluesight Releases 2025 Hospital Pharmacy Drug Purchasing Trends Report

by Fred Pennic 08/06/2025 Leave a Comment

Bluesight Releases 2025 Hospital Pharmacy Drug Purchasing Trends Report

What You Should Know:  - A 2025 report from Bluesight highlights the intense financial, operational, and supply chain challenges confronting hospital pharmacies.  - The 2025 Hospital Pharmacy Drug Purchasing Trends Report analyzes data from sources like the American Hospital Association (AHA) and the American Society of Health-System Pharmacists (ASHP), revealing that while pressures are mounting, innovative technology offers a path forward. The Squeeze: Rising Costs vs.
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Linea Expands AI-Powered Heart Failure Care Solution to Reduce Hospital Readmissions by 50%

by Fred Pennic 08/06/2025 Leave a Comment

Linea Expands AI-Powered Heart Failure Care Solution to Reduce Hospital Readmissions by 50%

What You Should Know:  - Linea, a post-acute care platform backed by founding investor Redesign Health and DaVita, announced the continued expansion of its heart failure care solution.  - The Linea platform delivers a 90-day AI-powered program for heart failure patients that has demonstrated a remarkable 50% reduction in hospital readmissions, sustained patient engagement, and meaningful cost savings for Accountable Care Organizations (ACOs). Driving Measurable Impact and
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Department of Defense Extends Amwell’s Contract for Virtual Care

by Fred Pennic 08/05/2025 Leave a Comment

Amwell Expands to South Africa with Digital Mental Health Benefit

What You Should Know:  - Amwell, a technology-enabled care platform provider, today announced that its partnership with a Leidos-led team has been awarded an extension of its Digital First contract to power the digital transformation of the Military Health System (MHS). The MHS system serves approximately 9.6 million beneficiaries, including active-duty service members, their families, and retirees. - Under the contract extension, Amwell will continue to provide its comprehensive
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Xsolis Launches Dragonfly Navigate: AI Solution to Optimize Hospital Length of Stay

by Fred Pennic 08/05/2025 Leave a Comment

Xsolis Launches Dragonfly Navigate: AI Solution to Optimize Hospital Length of Stay

What You Should Know:  - Xsolis, an AI-driven technology company that reduces administrative waste by enabling collaboration between healthcare providers and payers launches Dragonfly Navigate, a discharge planning and capacity management solution designed to help optimize length of stay.  - West Tennessee Healthcare, a not-for-profit leading regional healthcare system, has expanded their existing partnership with Xsolis and will be the first healthcare system to pilot the new
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ShelterZoom Launches Spare Tire: Real-Time EHR Backup for Cybersecurity Resilience

by Fred Pennic 08/05/2025 Leave a Comment

ShelterZoom Launches Spare Tire: Real-Time EHR Backup for Cybersecurity Resilience

What You Should Know:  - ShelterZoom, a leader in cyber resilience and digital ownership technology, has launched Spare Tire, a next-generation software that provides uninterrupted healthcare operations through a live, continuously syncing backup system for Electronic Health Record (EHR) systems.  - Delivered in a flexible, pay-as-you-need model, Spare Tire provides real-time resilience during cyberattacks, system failures, or planned downtimes, without any upfront infrastructure
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Rhapsody Announces General Availability of Envoy Platform

by Fred Pennic 08/05/2025 Leave a Comment

Rhapsody Announces General Availability of Envoy Platform

What You Should Know:  - Rhapsody, a global leader in digital health enablement and interoperability, today announced the general availability of its Envoy platform to health systems, labs, payers, and outpatient care organizations worldwide.  - Already proven with digital health innovators and public health teams, Envoy now brings its tech-enabled integration capabilities to care delivery teams, offering a faster, lower-cost way to connect systems without increasing headcount or
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Skylight Health Launches with $13M to Redefine Specialty Care

by Fred Pennic 08/05/2025 Leave a Comment

Skylight Health Launches with $13M to Redefine Specialty Care

What You Should Know:  - Skylight Health, a mission-driven healthcare company co-founded by Jesse Hunter and Dr. Doug Smith, announced its official launch and the closing of a $13M in funding led by Valtruis with participation from Andreessen Horowitz (a16z) and Allen & Company LLC. - The investment  will accelerate the development of Skylight's advanced data analytics platform, technology-enabled care navigation programs, and the buildout of community-based collaboration hubs.
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Frazier Healthcare Partners Sells Elevate Patient Financial Solutions to Audax and Parthenon

by Fred Pennic 08/05/2025 Leave a Comment

Frazier Healthcare Partners Sells Elevate Patient Financial Solutions to Audax and Parthenon

What You Should Know:  - Frazier Healthcare Partners (“Frazier”), a private equity firm focused exclusively on the healthcare sector announced the sale of Elevate Patient Financial Solutions (“Elevate” or the “Company”) to Audax Private Equity and Parthenon Capital. Financial terms of the transaction were not disclosed. - Elevate, headquartered in Spring, TX, is a leading provider of technology-enabled specialty revenue cycle management (“RCM”) services for hospitals and health systems,
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Capsa Healthcare Acquires BlueBin, Creates a Complete Clinical Supply Management Solution

by Fred Pennic 08/04/2025 Leave a Comment

Capsa Healthcare Acquires BlueBin, Creates a Complete Clinical Supply Management Solution

What You Should Know:  - Capsa Healthcare, a leader in healthcare workflow and supply management solutions, today announced its acquisition of BlueBin, a recognized innovator in Kanban-based supply chain systems and predictive analytics for healthcare.  - The strategic acquisition brings together two complementary capabilities, enhancing visibility, efficiency, and reliability across the entire clinical supply chain. Financial details of the acquisition were not
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