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Fred Pennic, Editor-in Chief | HIT Consultant

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

Converge Bio Lands $25M to Replace Trial-and-Error Drug Discovery

by Fred Pennic 01/13/2026 Leave a Comment

Converge Bio Lands $25M to Replace Trial-and-Error Drug Discovery

What You Should Know - Converge Bio has announced a $25M Series A funding round led by Bessemer Venture Partners, bringing its total raised to $30M. - Moving beyond the "AI promise" gap, the company provides end-to-end AI systems that plug directly into existing drug development workflows, already serving over a dozen pharmaceutical and biotech customers to optimize target discovery and protein manufacturing. The Systemic Pivot: Bridging the Gap Between Promise and Reality While
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FinThrive Report Reveals 71% of RCM Leaders Prioritize Experience Over Revenue

by Fred Pennic 01/13/2026 Leave a Comment

FinThrive Report Reveals 71% of RCM Leaders Prioritize Experience Over Revenue

What You Should Know - FinThrive's 2026 Transformative Trends Report marks a historic turning point: for the first time, improving the patient experience has surpassed increasing revenue as the top strategic goal for healthcare financial leaders, with 71% identifying it as their primary focus.  - The shift indicates that leaders are moving away from short-term fixes toward AI-enabled platform consolidation and automation to drive long-term stability and workforce
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Zelis Acquires Rivet to Bring AI-Powered Analytics to 750+ Providers

by Fred Pennic 01/13/2026 Leave a Comment

Zelis Acquires Rivet to Bring AI-Powered Analytics to 750+ Payers

What You Should Know - Zelis, a global leader in healthcare financial modernization has acquired Rivet, a pioneer in revenue cycle analytics. Financial details of the acquisition were not disclosed.  - The deal integrates Rivet’s AI-enabled analytics and intuitive dashboards directly into the Zelis platform, providing 750+ payers and millions of providers with actionable data to reduce denials, minimize "rework," and navigate rising regulatory complexity. The Intelligence Layer:
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OpenAI Acquires Torch: Building the ‘Unified Medical Memory’ for ChatGPT Health”

by Fred Pennic 01/12/2026 Leave a Comment

OpenAI Acquires Torch: Building the 'Unified Medical Memory' for ChatGPT Health"

What You Should Know - OpenAI has officially acquired the healthcare technology startup Torch, marking a significant expansion of its ChatGPT Health capabilities. - The deal, valued at approximately $60M -$100M according to reports, aims to create a "unified medical memory" for AI by consolidating scattered patient data from hospitals, labs, and wearables into a single, context-aware engine. The "Unified Medical Memory" Pivot: Solving Data Silos For most patients, medical data is
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Digital Health Funding Hits $14.2B in 2025: A Year of AI Exuberance and Market Bifurcation

by Fred Pennic 01/12/2026 Leave a Comment

Digital Health Funding Hits $14.2B in 2025: A Year of AI Exuberance and Market Bifurcation

What You Should Know:  - If 2024 was a year of correction, 2025 was the year of crystallization. The tremors of innovation have settled into bedrock infrastructure, and the market has responded with a distinct roar. - Annual funding for U.S. digital health startups climbed to $14.2Bin 2025, a meaningful 35% increase over the previous year, according to Rock Health’s annual year-end report. While we haven't returned to the fever dream of pandemic-era peaks, the data reveals a "new
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Mitch Rales Leads $43M Round to Scale VieCure’s AI Oncology Platform

by Fred Pennic 01/12/2026 Leave a Comment

Mitch Rales Leads $43M Round to Scale VieCure’s AI Oncology Platform

What You Should Know:  - VieCure has raised $43M led by Mitch Rales (co-founder of Danaher) and Northpond Ventures. The funding will scale VieCure's Halo Intelligence™ platform, an AI-powered clinical decision support system that has already increased tumor sequencing rates by 8x for 30,000 patients. - Through a partnership with Rales' firm New Bearing, VieCure will implement a world-class business system to modernize community oncology clinics, which treat 80% of U.S. cancer
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NVIDIA and Eli Lilly Launch AI Co-Innovation Lab to Reinvent Drug Discovery

by Fred Pennic 01/12/2026 Leave a Comment

NVIDIA and Eli Lilly Launch AI Co-Innovation Lab to Reinvent Drug Discovery

What You Should Know - NVIDIA and Eli Lilly and Company have announced a historic $1B, five-year investment to launch an AI co-innovation lab in the San Francisco Bay Area. - Utilizing the NVIDIA BioNeMo platform and the next-generation Vera Rubin architecture, the lab will co-locate top AI engineers with biology experts to build a "continuous learning system" that integrates agentic wet labs with robotic manufacturing and physical AI. The "Continuous Learning" Framework: Connecting
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Anthropic Debuts ‘Claude for Healthcare’ and Opus 4.5 to Engineer the Future of Life Sciences

by Fred Pennic 01/12/2026 Leave a Comment

Anthropic Debuts ‘Claude for Healthcare’ and Opus 4.5 to Engineer the Future of Life Sciences

What You Should Know - Anthropic has officially launched Claude for Healthcare, a suite of HIPAA-ready tools that allow providers and payers to use its latest model, Opus 4.5, for high-stakes medical tasks like prior authorization and claims appeals. - Simultaneously, the company has significantly expanded Claude for Life Sciences, adding deep integrations with platforms like Medidata and ClinicalTrials.gov to automate clinical trial operations and regulatory submissions. The Engine:
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Abridge and Availity Partner to Automate Prior Authorization at the Point of Conversation

by Fred Pennic 01/12/2026 Leave a Comment

Abridge and Availity Partner to Automate Prior Authorization at the Point of Conversation

What You Should Know - Abridge, the leader in clinical conversational AI, and Availity, the nation’s largest health  information network, have launched a first-of-its-kind collaboration to automate prior authorization in real-time. - By embedding Availity’s FHIR-native Intelligent Utilization Management solution into Abridge’s Contextual Reasoning Engine, the partnership aims to provide clinicians with visibility into coverage requirements and enable payer determinations during the
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HealthEx and Anthropic Partner to Bring Personal Health Records Directly to Claude

by Fred Pennic 01/11/2026 Leave a Comment

HealthEx and Anthropic Partner to Bring Personal Health Records Directly to Claude

What You Should Know - HealthEx and Anthropic have launched a first-of-its-kind integration that allows Claude Pro and Max users to securely connect their medical records from over 50,000 provider organizations directly to the AI.  - The partnership leverages the federal TEFCA framework and a new Model Context Protocol (MCP) to provide personalized health summaries and lab interpretations while ensuring that sensitive patient data is never used for model training. Bridging the
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