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Fred Pennic, Editor-in Chief | HIT Consultant

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

Proscia® Launches Virtual Staining to Transform Digital Pathology with AI

by Fred Pennic 09/24/2025 Leave a Comment

Proscia® Launches Virtual Staining to Transform Digital Pathology with AI

What You Should Know:  - Proscia®, a pathology AI company, has introduced a new virtual staining feature in its Concentriq® software platform.  - The technology, powered by Pictor Labs, is designed to help laboratories reduce the costs and time associated with traditional chemical staining methods. The virtual staining will also support the evolution from research applications to clinical use, expanding diagnostic possibilities. Transforming Traditional Pathology
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Capital Rx Rebrands as Judi Health, Announces $400M Investment for Expansion

by Fred Pennic 09/23/2025 Leave a Comment

Capital Rx Rebrands as Judi Health, Announces $400M Investment for Expansion

Capital Rx Rebrands as Judi Health, Announces $400M Investment for Expansion What You Should Know:  - Capital Rx, Inc., an enterprise health technology company, has announced a significant milestone: a $400M investment, including a $252M Series F funding round. The company is also rebranding as Judi Health™.  - The new name is intended to reflect its expanded capabilities as a full-service health benefits technology company. The investment was led by Wellington Management and
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The AI Paradox in Healthcare: Notable CEO Shares Why Moving Too Slowly is a Greater Risk

by Fred Pennic 09/23/2025 Leave a Comment

The healthcare industry stands at a critical juncture, facing mounting pressures from staffing shortages, financial constraints, and rising patient expectations. While the promise of AI to alleviate these burdens is widely acknowledged, many health systems are grappling with a paradox: a deep-seated enthusiasm for new technologies, yet a reluctance to move from governance to full-scale deployment. In a recent interview, Pranay Kapadia, CEO and Co-Founder of Notable, shared his insights on
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Oracle Health to Build New York’s Statewide $218M EHR System for Mental Health

by Fred Pennic 09/23/2025 Leave a Comment

Oracle Health Files TEFCA QHIN Application

What You Should Know:  - New York state Governor Kathy Hochul has announced a $218M initiative to build a new electronic health record (EHR) system for the state's 24 inpatient psychiatric centers and over 300 outpatient programs.  - The funding has been awarded to Oracle Health to create a comprehensive, statewide EHR system that will improve the continuity of patient care, enhance evidence-based decision-making for clinicians, and boost the overall efficiency of treatment
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Prosper AI Raises $5M to Automate Healthcare’s Front and Back Office

by Fred Pennic 09/23/2025 Leave a Comment

Prosper AI Raises $5M to Automate Healthcare's Front and Back Office

What You Should Know:  - Prosper AI, a voice AI platform purpose-built for healthcare organizations secures $5M in seed funding led by Emergence Capital, with participation from Y Combinator, CRV, and Company Ventures. Specialized AI Agents for Complex Workflows A significant portion of U.S. healthcare expenses, over $450B annually, is dedicated to administrative costs. This includes a third of the workforce in hospitals and physician offices who are administrative staff. These
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Patient Square Capital Acquires Premier in $2.6B Deal

by Fred Pennic 09/22/2025 Leave a Comment

What You Should Know:  - Premier, Inc., a healthcare improvement company, has announced a definitive agreement to be acquired by an affiliate of Patient Square Capital.  - Under the terms of the agreement, Premier stockholders will receive $28.25 in cash per share valued at $2.6B, which represents a 23.8% premium to the company's 60-day volume-weighted average price as of September 5, 2025. The transaction has been unanimously approved by Premier’s Board of Directors. Premier,
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Pfizer Acquires Metsera for $4.9B, Expanding into Obesity and Cardiometabolic Market

by Fred Pennic 09/22/2025 Leave a Comment

Pfizer Acquires Metsera for $4.9B, Expanding into Obesity and Cardiometabolic Market

What You Should Know:  - Pfizer Inc. and Metsera, Inc. have entered into a definitive agreement under which Pfizer will acquire Metsera, a clinical-stage biopharmaceutical company focused on developing medicines for obesity and cardiometabolic diseases for $4.9B.  - The acquisition is a strategic move for Pfizer, allowing it to enter a significant and growing therapeutic area. The Boards of Directors of both companies have unanimously approved the transaction. Financial Terms
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The State of Claims 2025: Why AI Adoption is Lagging in Healthcare Revenue Cycle Management

by Fred Pennic 09/22/2025 Leave a Comment

The State of Claims 2025: Why AI Adoption is Lagging in Healthcare Revenue Cycle Management

What You Should Know:  - According to the Experian Health 2025 State of Claims survey, healthcare providers are grappling with a persistent cycle of rising claim denials, data errors, and staffing shortages. The survey was conducted among 250 healthcare professionals responsible for financial, billing, or claims management decisions. - The survey found that 41% of providers now experience denial rates of 10% or higher, a problem that has grown annually since 2022. Despite widespread
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Sutter Health and Epic Launch “Sutter Sync” to Optimize Remote Chronic Care

by Fred Pennic 09/22/2025 Leave a Comment

Sutter Health and Epic Launch "Sutter Sync" to Optimize Remote Chronic Care

What You Should Know:  - Sutter Health has partnered with Epic to launch a new initiative called Sutter Sync, which deploys first-of-their-kind medical devices that connect directly to Epic's EHR.  - The initiative is designed to help patients proactively manage chronic health conditions from the comfort of their own homes. The program aims to make access easier by treating patients' homes as care settings, helping people stay healthier and avoid unnecessary hospital
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Until Labs Raises $58M to Pioneer Organ Cryopreservation and Medical Hibernation

by Fred Pennic 09/22/2025 Leave a Comment

Until Labs Raises $58M to Pioneer Organ Cryopreservation and Medical Hibernation

What You Should Know:  - Until Labs, a company dedicated to the reversible cryopreservation of biological systems secures $58M in Series A funding led by Founders Fund, with participation from Lux Capital and Field Ventures.  - The funding will be used to grow the company's multidisciplinary team of experts in chemistry, biology, and engineering. Solving the Organ Transplant Crisis The company's primary focus is on organ-scale reversible cryopreservation. This technology
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