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Fred Pennic, Editor-in Chief | HIT Consultant

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

Aidoc Secures $150M to Accelerate CARE™ Foundation Model and Clinical AI Deployment

by Fred Pennic 07/23/2025 Leave a Comment

Sutter Health to Embed Aidoc's AI Operating System to Accelerate Care

What You Should Know:  - Aidoc, a clinical AI platform with the highest number of FDA-cleared solutions in its category, secures $150M in funding, led by General Catalyst and Square Peg, with participation from NVentures (NVIDIA's venture capital arm) and four major U.S. health systems (Hartford HealthCare, Mercy, Sutter Health, and WellSpan Health). The funding also includes a $40M revolving credit facility, bringing Aidoc's total funding to $370M.  - The $150M will be used to
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NTT Data: Only 49% of Healthcare Leaders State GenAI Strategy Is Working

by Fred Pennic 07/23/2025 Leave a Comment

NTT Data: Only 49% of Healthcare Leaders State GenAI Strategy Is Working

What You Should Know:  - New research from NTT DATA, a global leader in business and technology services, reveals a significant challenge for healthcare organizations: a struggle to align their Generative AI (GenAI) ambitions with practical implementation strategies. While over 80% of healthcare leaders surveyed state they have a well-defined GenAI strategy, only 40% agree that this strategy strongly aligns with their overall business strategy. Furthermore, just 54% classify their GenAI
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KLAS Report: Healthcare Accelerates Cloud Adoption Amidst Infrastructure and Talent Challenges

by Fred Pennic 07/23/2025 Leave a Comment

Healthcare Accelerates Cloud Adoption Amidst Infrastructure and Talent Challenges

What You Should Know:  - Healthcare organizations are making significant investments in their IT infrastructure, with widespread adoption of public cloud solutions, according to a new KLAS report.  - These investments are crucial for maintaining operational efficiency and enabling cutting-edge innovations such as AI, genomics computing, and digital pathology. However, the report also highlights persistent challenges related to talent shortfalls, data security, and integration as
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TechMatter Acquires DoctorPapers to Expand Healthcare Revenue Cycle Management Services

by Fred Pennic 07/23/2025 Leave a Comment

TechMatter Acquires DoctorPapers

What You Should Know:  - TechMatter, a leading provider of enterprise healthcare and automation solutions, acquires DoctorPapers, a California-based medical billing and revenue cycle management (RCM) company. This strategic move reinforces TechMatter’s mission to deliver scalable, tech-driven healthcare operations to providers across the United States. Financial details of the acquisition were not disclosed. - Founded in 2020, DoctorPapers has built a strong reputation for delivering
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Charta Health Secures $22M to Automate Medical Billing and Clinical Documentation with AI

by Fred Pennic 07/22/2025 Leave a Comment

Charta Health Secures $22M to Automate Medical Billing and Clinical Documentation with AI

What You Should Know:  - Charta Health, an AI-powered platform that automates and optimizes medical billing and clinical documentation workflows secures $22M in Series A funding round led by Bain Capital Ventures, with participation from Madrona, SV Angel, Refract Ventures, and South Park Commons. - The U.S. healthcare system loses over $300 billion each year due to billing errors, undercoding, and preventable claim denials. This significant financial drain often stems from slow,
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DoseSpot Partners with Amazon Pharmacy to Enhance E-Prescribing Access and Affordability

by Fred Pennic 07/22/2025 Leave a Comment

DoseSpot Partners with Amazon Pharmacy to Enhance E-Prescribing Access and Affordability

What You Should Know:  - DoseSpot, a provider of e-prescribing, insurance verification, and revenue cycle management solutions, today announced its collaboration with Amazon Pharmacy, a full-service, online pharmacy.  - The partnership aims to provide DoseSpot users with additional cost savings, expand medication access, and offer faster delivery options. ePrescribing Struggles ePrescribing software often struggles to reliably display medication availability and
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Sanofi Acquires Vicebio for $1.15B, Bolstering Vaccine Pipeline

by Fred Pennic 07/22/2025 Leave a Comment

Sanofi Acquires Vicebio for $1.15B, Bolstering Vaccine Pipeline

What You Should Know:  - Sanofi has entered into an agreement to acquire Vicebio Ltd (“Vicebio”), a privately held biotechnology company headquartered in London, UK. The acquisition expands Sanofi’s capabilities in vaccine design and development with Vicebio’s innovative ‘Molecular Clamp’ technology and brings an early-stage combination vaccine candidate for respiratory syncytial virus (RSV) and human metapneumovirus (hMPV) into its pipeline. - The vaccine candidate complements
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MacroHealth Acquires ClearCost Health, Establishes Intelligent Marketplace for Healthcare Price Transparency

by Fred Pennic 07/22/2025 Leave a Comment

MacroHealth Acquires ClearCost Health, Establishes Intelligent Marketplace for Healthcare Price Transparency

What You Should Know:  - MacroHealth, a healthcare technology company offering an intelligent healthcare marketplace for payers and their vendor partners acquires ClearCost Health, a leader in provider search and price transparency solutions. Financial details of the acquisition were not disclosed. - The acquisition aims to empower health plans, third-party administrators (TPAs), employers, and their partners with enhanced tools for transparency in healthcare pricing and network
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Omni Health Launches Smart Wearable Ring with AI-Powered Daily Plans and EnerQi™ Metric

by Fred Pennic 07/22/2025 Leave a Comment

Omni Health Launches Smart Wearable Ring with AI-Powered Daily Plans and EnerQi™ Metric

What You Should Know:  - Omni Health, an emerging health technology company, today announced the launch of its Omni Health Ring smart wearable. The Omni Health Ring generates an AI-powered daily plan across food, movement, and rest, personalized to the wearer’s body signals.  - The new device aims to function as a "holistic health coach" on one’s finger. The company is also introducing a new health metric called EnerQi™—a comprehensive, industry-first dynamic health index that
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DrFirst Appoints Laizer Kornwasser as CEO

by Healthcare Executive Hires 07/22/2025 Leave a Comment

DrFirst Appoints Laizer Kornwasser as CEO

What You Should Know:  - DrFirst announced the appointment of Laizer Kornwasser as its new Chief Executive Officer, effective July 21, 2025. Kornwasser, a transformative healthcare executive with a proven track record of driving rapid growth, will lead DrFirst as it continues to build on 25 years of leadership in medication management solutions. - G. Cameron Deemer, who has served as CEO since 2023 and president for 15 years, will transition to supporting the company’s strategic
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