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Fred Pennic, Editor-in Chief | HIT Consultant

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

HHS Finalizes HTI-4 Rule: Prior Authorization & E-Prescribing Interoperability

by Fred Pennic 08/01/2025 Leave a Comment

HHS Finalizes HTI-4 Rule: Prior Authorization & E-Prescribing Interoperability

What You Should Know:  - The U.S. Department of Health and Human Services (HHS) has released a new final rule, the Health Data, Technology, and Interoperability: Electronic Prescribing, Real-Time Prescription Benefit and Electronic Prior Authorization (HTI-4).  - The rule implements policies to support the goal of processing prior authorizations in real time during patient care encounters and is a critical step in advancing interoperability for patients, providers, and payers to ease
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FDA Mandates Opioid Safety Labeling Changes to Combat Misuse and Overdose Risks

by Fred Pennic 08/01/2025 Leave a Comment

FDA Mandates Opioid Safety Labeling Changes to Combat Misuse and Overdose Risks

What You Should Know:  - The U.S. Food and Drug Administration (FDA) is requiring safety labeling changes to all opioid pain medications to better emphasize and explain the risks associated with their long-term use.  - The decision follows a public advisory committee meeting in May that reviewed data showing serious risks, including misuse, addiction, and both fatal and non-fatal overdoses, for patients who use opioids over long periods. Evidence-Based Decision-Making The
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LucyRx Acquires CerpassRx: Creates a New PBM Powerhouse for Employers and Health Plans

by Fred Pennic 08/01/2025 Leave a Comment

LucyRx Acquires CerpassRx: Creates a New PBM Powerhouse for Employers and Health Plans

What You Should Know:  - LucyRx, a next-generation pharmacy benefit manager (PBM), announced it has acquired CerpassRx, a leading PBM known for its customized pharmacy solutions and clinical programs.  - The acquisition, which closed on July 15, 2025, positions the newly combined company to serve a broad range of clients, from health plans and self-funded employers to Taft-Hartley plans. - The transaction was financed through a combination of equity and debt, with equity
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MAGENTIQ EYE Secures Funding to Advance AI-Powered Gastroenterology Diagnostics

by Fred Pennic 08/01/2025 Leave a Comment

MAGENTIQ EYE Secures Funding to Advance AI-Powered Gastroenterology Diagnostics

What You Should Know:  - MAGENTIQ EYE LTD., an innovator in AI-powered gastroenterology decision-support software, announced completion of its Series A funding round led by aMoon, with participation from existing investors Norgine Ventures BV (Netherlands), Nina Capital (EU & USA), Namarel Ventures SL (Spain), Nova Capital (Italy), and private investors Sake Bosch and Roon Doornink (USA). The proceeds from the funding round will support the continued development and expansion of
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CMS Finalizes TEAM Model: A New Era of Value-Based Surgical Care

by Fred Pennic 07/31/2025 Leave a Comment

Meaningful Use Penalties_Meaningful Use_Partial Code Free_Senators Urge CMS to Establish Clear Metrics for ICD-10 Testing

What You Should Know:  - The Centers for Medicare & Medicaid Services (CMS) today issued the 2026 Final Rule that officially codifies the Transforming Episode Accountability Model (TEAM), an innovative new blueprint for tech-enabled, outcome-based care payment models.  - Starting in 2026, TEAM will hold hospitals and health systems accountable for the entire episode of care for major surgeries, from admission through 30 days post-discharge, with the goal of reducing
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J.D. Power 2025 Pharmacy Study: Mail Order Pharmacies Outpace Chain Drug Stores in Satisfaction

by Fred Pennic 07/31/2025 Leave a Comment

J.D. Power 2025 Pharmacy Study: Mail Order Pharmacies Outpace Chain Drug Stores in Satisfaction

What You Should Know:  - Overall customer satisfaction with mail order pharmacies has risen steadily, while satisfaction with chain drug stores has slid, causing many chain drug store customers to consider switching providers, according to the J.D. Power 2025 U.S. Pharmacy Study, - The trend is fueled by a rise in digital engagement and a decline in neighborhood drug stores, is setting the stage for a "tipping point in the pharmacy space". - The J.D. Power 2025 U.S. Pharmacy Study,
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Ultromics Secures $55M to Expand AI-Driven Cardiology Solutions for Heart Failure

by Fred Pennic 07/31/2025 Leave a Comment

Ultromics Secures $55M to Expand AI-Driven Cardiology Solutions for Heart Failure

What You Should Know:  - Ultromics, a pioneer in AI-driven cardiology solutions secures $55M in Series C financing co-led by L&G, Allegis Capital, and Lightrock, with continued support from Oxford Science Enterprises, GV, Blue Venture Fund, and Oxford University. Major U.S. health systems, including University of Chicago Medicine and UCM Ventures, also participated in the round. - Built on years of clinical study and hundreds of thousands of echo scans, Ultromics offers the first
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Axonius Acquires Cynerio for Over $100M, Strengthening Medical Device Security in Healthcare

by Fred Pennic 07/30/2025 Leave a Comment

Axonius Acquires Cynerio for Over $100M, Strengthening Medical Device Security in Healthcare

What You Should Know:  - Axonius, a global leader in cyber asset intelligence announced that it has acquired Cynerio, a pioneer in medical device security, for more than $100M in a cash and stock transaction.  - The acquisition directly addresses a critical challenge for healthcare providers, where the proliferation of connected medical devices has created a vast and unprotected attack surface. These specialized assets, essential to patient care, have historically been invisible
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Labcorp Launches GenAI Tool to Simplify Lab Test Selection for Healthcare Providers

by Fred Pennic 07/30/2025 Leave a Comment

Labcorp Launches GenAI Tool to Lab Test Selection for Healthcare Providers

What You Should Know:  - Labcorp announced the launch of Test Finder, a first-of-its-kind generative AI tool developed with Amazon Web Services (AWS).  - Designed to simplify lab test selection, Test Finder enables healthcare providers to ask questions or describe conditions in plain language and receive curated test recommendations, thereby enhancing the user experience and freeing up more time for patient care. Critical Role of Laboratory Testing in Healthcare Laboratory
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White House Event Unveils CMS Health Tech Ecosystem Initiative

by Fred Pennic 07/30/2025 Leave a Comment

White House Event Unveils CMS Health Tech Ecosystem Initiative

What You Should Know:  - The U.S. Department of Health and Human Services (HHS) today announced significant progress towards building a smarter, more secure, and more personalized healthcare experience, driven by a new partnership with innovative private sector companies.  - During a White House “Make Health Tech Great Again” event hosted with the Centers for Medicare & Medicaid Services (CMS), the Administration secured commitments from major healthcare and information technology
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