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Fred Pennic, Editor-in Chief | HIT Consultant

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

Basata Secures $21M to Rebuild Healthcare’s Operational Layer: Automating Referrals and Scheduling End-to-End

by Fred Pennic 05/11/2026 Leave a Comment

Basata Secures $21M to Rebuild Healthcare’s Operational Layer: Automating Referrals and Scheduling End-to-End

What You Should Know Basata, an AI company focused on healthcare operations, has announced a $21M Series A funding round led by Basis Set Ventures.The platform uses specialty-specific AI agents to automate administrative tasks such as faxes, referrals, patient intake, and scheduling.Practices using Basata report processing 100% of incoming referrals the same day and unlocking 50% more administrative labor capacity.To date, the company has served more than 500,000 patients, with 100,000 served
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How Lucent and Tempus Are Using AI to Spot Alzheimer’s Earlier

by Fred Pennic 05/11/2026 Leave a Comment

How Lucent and Tempus Are Using AI to Spot Alzheimer’s Earlier

What You Should Know Lucent Diagnostics (a brand of Quanterix) and Tempus AI have announced a strategic collaboration to integrate Alzheimer’s blood-based biomarker testing into routine clinical workflows.The LucentAD® Complete multi-biomarker blood test will be available for neurologists to order directly through the Tempus clinical ordering platform.The partnership leverages Tempus Next, an AI-enabled care pathway intelligence platform, to identify "care gaps" and identify patients who may
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MedTech Breakthrough Announces 2026 Award Winners: Celebrating a Decade of Health Technology Innovation

by Fred Pennic 05/07/2026 Leave a Comment

2019 MedTech Breakthrough Award Category Winners Announced

What You Should Know MedTech Breakthrough has announced the winners of its 10th annual awards program, recognizing excellence in digital health and medical technology across more than 20 countries.The 2026 awards highlight a decade of evolution where artificial intelligence (AI), virtual care, and precision medicine have become central pillars of global healthcare delivery.This year's program received a record-breaking number of nominations from startups, health systems, and leading global
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Wisdom Ventures Closes $77.7M Fund II to Invest in AI-Native Wellbeing Startups

by Fred Pennic 05/07/2026 Leave a Comment

Wisdom Ventures Closes $77.7M Fund II to Invest in AI-Native Wellbeing Startups

What You Should Know Wisdom Ventures has closed its $77.7M Fund II, a significant increase from its $10 million Fund I.The fund is backed by prominent technology leaders, including Reid Hoffman (LinkedIn), Evan Sharp (Pinterest), and Stewart Butterfield (Slack).Former U.S. Surgeon General Dr. Vivek Murthy has joined as a Senior Venture Partner to advise on health and wellness investments.Fund I established a strong track record, reaching the top quartile of early-stage funds and including
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Eko Health Appoints Dr. Steven Steinhubl as CMO to Drive Cardiac AI and Global Clinical Strategy

by Healthcare Executive Hires 05/07/2026 Leave a Comment

Eko Health Appoints Dr. Steven Steinhubl as CMO to Drive Cardiac AI and Global Clinical Strategy

What You Should Know Eko Health has appointed Steven R. Steinhubl, MD, a prominent cardiologist and digital medicine pioneer, as its Chief Medical Officer (CMO) and executive leadership team member.Dr. Steinhubl will oversee Eko's clinical strategy, research initiatives, and scientific collaborations to accelerate the global adoption of AI-enabled cardiac detection.He currently serves as the Vincent P. Reilly Professor of Biomedical Engineering at Purdue University and is a member of the
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Artera Launches AI Services Model and Agentic AI Squads for Specialty Care and FQHCs

by Fred Pennic 05/07/2026 Leave a Comment

Artera Launches AI Services Model and Agentic AI Squads for Specialty Care and FQHCs

What You Should Know Artera is the first agentic healthcare company to adopt an AI Services Model, moving away from traditional "homogeneous SaaS" to deliver bespoke, clinic-specific solutions.The company has deployed specialized AI Service Squads—small teams of AI builders who work directly with healthcare providers to co-innovate and eliminate legacy development cycles.The model supports high-demand solutions, including scheduling, prior authorizations, referral management, and closing care
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Roche Acquires PathAI to Automate Cancer Diagnostics in $1B Deal

by Fred Pennic 05/06/2026 Leave a Comment

PathAI Partners to Deploy First AI-Powered Biospecimen Solutions

What You Should Know Global healthcare leader Roche has entered into a definitive merger agreement to acquire US-based digital pathology pioneer PathAI for an upfront purchase price of $750M, with up to $300M in additional milestone payments.The acquisition marks the culmination of a deep strategic partnership first established between the two companies in 2021 and expanded in 2024 to co-develop AI-enabled companion diagnostic algorithms.PathAI’s flagship AISight Image Management System (IMS)
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Carlyle Acquires Knack RCM and EqualizeRCM to Build Global AI-Native Healthcare RCM Platform

by Fred Pennic 05/06/2026 Leave a Comment

Carlyle Acquires Knack RCM and EqualizeRCM to Build Global AI-Native Healthcare RCM Platform

What You Should Know Carlyle  has acquired a majority stake in Knack RCM and EqualizeRCM, merging them to create a global, multi-specialty, AI-native revenue cycle management (RCM) platform.The combined platform targets high-complexity segments, including rural hospitals, behavioral health, anesthesia, and durable medical equipment (DME).EqualizeRCM contributes proprietary AI tools like Bill Smart for denial prediction and an AI-native platform built on large language models (LLMs) and
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Fathom Secures Strategic Investment from CVS Health Ventures to Scale Autonomous Medical Coding

by Fred Pennic 05/06/2026 Leave a Comment

Fathom Receives Strategic Investment from CVS Health Ventures for Autonomous Medical Coding

What You Should Know Fathom, a leader in autonomous medical coding, has announced a strategic investment from CVS Health Ventures.The funding follows a period where revenue cycle management (RCM) has become the top priority for health IT investment, according to a 2025 Bain & Company/KLAS report.Fathom’s platform achieves 90%+ automation rates across multiple specialties, providing an alternative to slow, department-by-department AI rollouts.The company was recognized as the #1 solution
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XCaliber Health Secures $6.5M to Launch Healthcare’s First Agentic Operating System

by Fred Pennic 05/06/2026 Leave a Comment

XCaliber Health Secures $6.5M to Launch Healthcare’s First Agentic Operating System

What You Should Know XCaliber Health (XCaliber) has raised $6.5M in seed funding led by ManchesterStory, with participation from Benhamou Global Ventures (BGV) and Arka Venture Labs.The platform is an "agentic operating system" designed to coordinate siloed systems (EHRs, billing, scheduling) and automate manual workflows end-to-end.XCaliber addresses a significant "intelligence gap" where staff currently spend an average of 15.5 hours per physician, per week on administrative tasks.The
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