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Fred Pennic, Editor-in Chief | HIT Consultant

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

Healthcare Providers Face Over $770B Revenue Loss Under House Bill, Potentially Exceeding $1 Trillion with ACA Credit Expiration, Report Warns

by Fred Pennic 05/30/2025 Leave a Comment

Healthcare Providers Face Over $770B Revenue Loss Under House Bill, Potentially Exceeding $1 Trillion with ACA Credit Expiration, Report Warns

What You Should Know:  - A new analysis from the Urban Institute, supported by the Robert Wood Johnson Foundation, projects that U.S. healthcare providers could lose more than $770B in revenue over the next decade if a budget reconciliation bill recently passed by the House of Representatives becomes law.  - The financial blow would stem from an estimated 11 million people losing health coverage through Medicaid and the Affordable Care Act (ACA) marketplaces. The report further
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Vivodyne Secures $40M Series A to Scale AI-Powered Human Tissue Testing

by Fred Pennic 05/30/2025 Leave a Comment

Vivodyne Secures $40M Series A to Scale AI-Powered Human Tissue Testing

What You Should Know:  - Vivodyne, a company pioneering an exclusively human-focused preclinical process, today announced it has raised $40M in new Series A funding led by Khosla Ventures, with participation from new investors Lingotto Investment Management, Helena Capital, Fortius Ventures, and existing investors Kairos Ventures, CS Ventures, Bison Ventures, and MBX Capital. - Vivodyne is fundamentally changing how therapies are tested before human clinical trials by using a
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Full-Body MRI Detects Cancers Missed by Standard Screenings

by Fred Pennic 05/30/2025 Leave a Comment

Full-Body MRI Detects Cancers Missed by Standard Screenings

What You Should Know:  - Prenuvo, a leader in whole-body MRI for proactive health screening, today announced compelling results from its Polaris study. The real-world study of over 1,000 asymptomatic individuals found that whole-body MRI scans can detect critical conditions, including early-stage cancers, that are often missed by current standard screening guidelines.  - The findings have been peer-reviewed and accepted for presentation at the American Association for Cancer
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J.D. Power Study: New Leaders Emerge in Commercial Health Plans by Championing Communication, Digital Convenience, and Member Support

by Fred Pennic 05/30/2025 Leave a Comment

J.D. Power Study: New Leaders Emerge in Commercial Health Plans by Championing Communication, Digital Convenience, and Member Support

What You Should Know:  - A new class of health plan leaders is setting itself apart by excelling in clear communication, digital convenience, and meaningful member support, according to the J.D. Power 2025 U.S. Commercial Member Health Plan Study,℠ released.  - While overall member satisfaction with commercial health plans saw a slight decline year over year, the study reveals widening performance gaps between brands, underscoring member experience as a critical competitive
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NationsBenefits and Walmart Deepen Collaboration to Transform Health Plan Member Access to Benefits and Wellness Tools

by Fred Pennic 05/29/2025 Leave a Comment

NationsBenefits and Walmart Deepen Collaboration to Transform Health Plan Member Access to Benefits and Wellness Tools

What You Should Know:  - NationsBenefits®, a healthcare fintech, supplemental benefits, and outcomes platform, and Walmart, the world’s largest retailer announced they are continuing to work together to revolutionize how health plan members access essential benefits through innovative, tech-powered tools.  - The ongoing collaboration prominently features NationsBenefits’ proprietary Basket Analyzer Service (BAS) and the Walmart Everyday Health Signals™ program, which leverages
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Corti Joins Coalition for Health AI to Advance Responsible and Safe AI in Healthcare

by Fred Pennic 05/29/2025 Leave a Comment

Corti Joins Coalition for Health AI to Advance Responsible and Safe AI in Healthcare

What You Should Know:  - Corti, an AI infrastructure provider for healthcare, announced it is joining the Coalition for Health AI (CHAI). This move signifies Corti's commitment to collaborating on the development of best practices and frameworks to foster innovation, safety, and security for artificial intelligence in the health sector. - CHAI is an industry-led coalition that brings together a diverse group of stakeholders, including health systems, patient advocates, researchers,
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Walmart Unveils Digital Health Innovations to Enhance Medicare Advantage Benefit Use and Promote Healthier Eating

by Fred Pennic 05/28/2025 Leave a Comment

Walmart Unveils Digital Health Innovations to Enhance Medicare Advantage Benefit Use and Promote Healthier Eating

What You Should Know:  - Walmart today announced new digital innovations designed to transform the healthcare shopping experience, specifically aiding customers in maximizing their Medicare Advantage supplemental benefits.  - In a first for retail, select customers can now easily identify plan-specific, benefits-eligible products while shopping on Walmart.com and the Walmart app. Alongside this, Walmart is rolling out "Everyday Health Signals," a new AI-powered digital platform
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AssistIQ Secures $11.5M to Transform Hospital Supply Chains with AI

by Fred Pennic 05/28/2025 Leave a Comment

AssistIQ Secures $11.5M to Transform Hospital Supply Chains with AI

What You Should Know:  - AssistIQ, an AI company utilizing computer vision to revolutionize how hospitals manage surgical and procedural supply chains secures $11.5M in Series A funding round led by Battery Ventures, with participation from return investor Tamarind Hill. With this funding, Battery Ventures Principal Brandon Gleklen will join AssistIQ’s Board of Directors. - The company’s platform is gaining traction across academic and community hospitals, capturing every item used in
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Kyron.bio Secures $6.2M to Optimize Biologic Drug Development with Precision Glycan Engineering

by Fred Pennic 05/28/2025 Leave a Comment

Kyron.bio Secures $6.2M to Optimize Biologic Drug Development with Precision Glycan Engineering

What You Should Know:  - Biotechnology company kyron.bio announced the successful closing of a $6.2M (€5.5M) seed funding round aimed at solving critical challenges in biologic drug development, specifically varying efficacy and the dangers of side effects.  - The round was led by HCVC, with participation from Verve Ventures, Entrepreneurs First, Saras Capital, and numerous reputable angel investors. - The funds will be used to accelerate the development of kyron.bio’s proprietary
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Abridge Launches AI-Powered Pediatric Well Visit Note Type

by Fred Pennic 05/28/2025 Leave a Comment

Abridge Launches AI-Powered Pediatric Well Visit Note Type

What You Should Know:  - Abridge, a company specializing in AI-powered clinical documentation, announced the launch of a new pediatric well visit note type within its platform.  - The enhancement leverages Abridge's advanced Contextual Reasoning Engine to automatically generate clinically useful and billable documentation tailored to the unique, structured needs of pediatric well visits, which vary significantly by a child's age and developmental stage. - The new feature was
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