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Fred Pennic, Editor-in Chief | HIT Consultant

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

Omega Systems Acquires PEAKE Technology Partners to Strengthen Healthcare Managed Services

by Fred Pennic 11/05/2025 Leave a Comment

Omega Systems Acquires PEAKE Technology Partners to Strengthen Healthcare Managed Services

What You Should Know:  - Omega Systems, a leading provider of managed IT, cybersecurity, and compliance services to regulated industries announced the acquisition of PEAKE Technology Partners, a healthcare managed services provider. Financial details of the acquisition were not disclosed. - The strategic acquisition strengthens Omega’s position as a leading Managed Service Provider (MSP) and Managed Security Services Provider (MSSP) for the healthcare industry. Expanding Expertise
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Planbase Launches AI Workforce Management for Healthcare Platform with $2.1M

by Fred Pennic 11/05/2025 Leave a Comment

Planbase Launches AI Workforce Managgement for Healthcare Platform with $2.1M

What You Should Know:  - Planbase, the first AI-native employee management platform designed specifically for healthcare, has officially launched, securing $2.1M in seed funding led by Y Combinator, LocalGlobe, and prominent angels. - The company will use the funds to expand into more medium-large clinics nationwide and hire additional software engineers. Automating Complex Workforce Management with AI Managing employees in healthcare is uniquely complex, requiring prediction of
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Hospital Margins Remain Thin at 1.1%: Expense Pressure Outpaces Revenue Growth

by Fred Pennic 11/05/2025 Leave a Comment

Hospital Margins Remain Thin at 1.1%: Expense Pressure Outpaces Revenue Growth

What You Should Know:  - U.S. healthcare organizations continued to face mounting expense pressures at the end of the third quarter of 2025, resulting in persistently thin operating margins despite steady growth in gross revenue.  - According to the latest data from Strata Decision Technology, the national median year-to-date (YTD) operating margin inched up slightly to 1.1% in September, remaining consistent with the strained levels seen throughout the year. Pressure of
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LifeMD Sells WorkSimpli Stake for $65M to Become Pure-Play Virtual Healthcare Company

by Fred Pennic 11/04/2025 Leave a Comment

LifeMD Sells WorkSimpli Stake for $65M to Become Pure-Play Virtual Healthcare Company

What You Should Know:  - LifeMD, Inc., a provider of virtual healthcare services and pharmacy, today announced the sale of its majority ownership interest in WorkSimpli Software LLC in a transaction valuing WorkSimpli at an enterprise value of approximately $65M.  - The divestiture was led by WorkSimpli founder and CEO Sean Fitzpatrick, with support from a private investment group. This transaction represents a key milestone in LifeMD’s strategic transformation, positioning the
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Tala Health Secures $100M to Scale AI-Native Healthcare Platform

by Fred Pennic 11/04/2025 Leave a Comment

Tala Health Secures $100M to Scale AI-Native Healthcare Platform

What You Should Know:  - Titan Holdings, a holding company that builds and operates AI-native companies to reimagine critical industries, today announced that its newest venture, Tala Health, has successfully raised $100M in financing.  - The substantial funding injection is dedicated to making world-class healthcare accessible to anyone, anytime, through advanced artificial intelligence. Empowering Clinicians Across the Patient Journey Tala Health is built to empower
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Huron Acquires AXIOM Consulting Division to Expand Payer Digital Transformation Capabilities

by Fred Pennic 11/04/2025 Leave a Comment

Huron Acquires AXIOM Consulting Division to Expand Payer Digital Transformation Capabilities

What You Should Know:  - Global professional services firm Huron announced it has acquired the payor consulting services division of AXIOM Systems (AXIOM), a healthcare information technology firm specializing in digital transformation for payors and payor-provider organizations.  - The strategic acquisition significantly expands Huron’s capabilities in the payor ecosystem. Financial details of the acquisition were not disclosed.  Strengthening Expertise in Core Payor
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HoloMD Secures $1.6M to Scale AI-Powered Psychiatric RTM Platform

by Fred Pennic 11/04/2025 Leave a Comment

HoloMD Secures $1.6M to Scale AI-Powered Psychiatric RTM Platform

What You Should Know:  - HoloMD, the AI-powered Remote Therapeutic Monitoring (RTM) platform for psychiatry, announced the completion of a $1.6M first close of its $3M seed round. - The new capital will accelerate the development and expansion of Dr. Holo™, the human-supervised AI companion designed to support psychiatrists and their patients between visits. Scaling the AI Super-Companion, Dr. Holo™ Dr. Holo™, The AI-Powered Mental Health Superhero™, is built on 40 years of
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BrainScope Appoints Matt Adams CEO to Drive Global Scale

by Healthcare Executive Hires 11/04/2025 Leave a Comment

BrainScope Appoints Matt Adams CEO to Drive Global Scale

What You Should Know:  - BrainScope, a neurotechnology company dedicated to transforming brain health diagnostics using computational neuroscience announced the appointment of Matt Adams as its new Chief Executive Officer.  - Adams succeeds Laurie Silver, who assumes the role of President and will continue to guide the company’s strategic direction and growth. Both leaders will serve on BrainScope’s Board of Directors. Matt Adams Background Matt Adams brings over two
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Hippocratic AI Raises $126M to Accelerate Generative AI Healthcare Agents

by Fred Pennic 11/03/2025 Leave a Comment

University Hospitals to Deploy Hippocratic AI’s Conversational Agents

What You Should Know:  - Hippocratic AI, the global leader in safety-focused generative AI healthcare agents secures $126M in Series C funding at a $3.5 billion valuation led by Avenir Growth, with significant participation from new and existing investors, including CapitalG (Google’s growth fund), General Catalyst, Andreessen Horowitz (a16z), Kleiner Perkins, and major providers like Universal Health Services (UHS) and Cincinnati Children’s Hospital Medical Center. - This round
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Rural Health Revolution: Lumeris, Teladoc, Deloitte Launch AI Coalition for CMS Program

by Fred Pennic 11/03/2025 Leave a Comment

Rural Health Revolution: Lumeris, Teladoc, Deloitte Launch AI Coalition for CMS Program

What You Should Know:  - Lumeris, a leader in healthcare technology and services announced the formation of a powerful new coalition, the Collaborative for Healthy Rural America (CHRA). The CHRA has b een established to provide an immediate and scalable execution path for state leaders participating in the Rural Health Transformation Program (RHT), administered by the Centers for Medicare & Medicaid Services (CMS). - The coalition brings together a formidable team of industry
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