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Fred Pennic, Editor-in Chief | HIT Consultant

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

Report: Proactive Care Could Save Medicare $500B and the U.S. $2.2T Annually

by Fred Pennic 09/16/2025 Leave a Comment

Deloitte Report: Proactive Care Could Save Medicare $500B and the U.S. $2.2T Annually

What You Should Know:  A new Deloitte report, "Safeguarding Medicare's future: Proactive care could unlock more than $500B in annual savings," finds that strategic investments in disease prevention, early detection, and other proactive measures could save the U.S. healthcare system up to $2.2 trillion annually by 2040. These investments could also help save Medicare more than $500 billion a year on medical and prescription drug claims and strengthen the program's long-term financial
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MedSetGo Raises $2.4M to Modernize Patient Care Transitions with AI

by Fred Pennic 09/16/2025 Leave a Comment

MedSetGo Raises $2.4M to Modernize Patient Care Transitions with AI

What You Should Know:  - MedSetGo, an AI-driven healthcare company secures $2.4M in seed funding led by TurboStart with participation from Gold House Ventures and several high-profile angel investors. - The new funding will accelerate product development and hiring, with a focus on expanding the company's engineering, data science, and commercialization teams. Redesigning Patient Care Journeys with AI MedSetGo aims to use AI to redesign how patients move across the healthcare
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Inbox Health Secures $20M to Modernize Patient Billing with AI

by Fred Pennic 09/15/2025 Leave a Comment

Inbox Health Secures $20M to Modernize Patient Billing with AI

What You Should Know:  - Inbox Health, a leader in patient billing and support technology, has announced that it has secured $20 million in growth equity funding and debt led by Ten Coves Capital with participation from existing investors.  - The latest round brings Inbox Health’s total funding to $55M capital. The funding will be used to accelerate the company's mission to modernize patient billing through intelligent automation.  AI-Powered Patient Billing
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Mount Sinai Launches Cardiac Catheterization AI Research Lab

by Fred Pennic 09/15/2025 Leave a Comment

Mount Sinai Launches Cardiac Catheterization AI Research Lab

What You Should Know:  - Mount Sinai Fuster Heart Hospital has announced the launch of The Samuel Fineman Cardiac Catheterization Artificial Intelligence (AI) Research Lab. The new AI lab will use the hospital's renowned Cardiac Catheterization Lab to advance interventional cardiology and enhance patient care and outcomes. - Dr. Annapoorna Kini will serve as the Director of the new AI lab. She also directs The Mount Sinai Hospital’s Cardiac Catheterization Lab, which is
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LabConnect, OmniScience to Deliver Agentic AI Solution for Real-Time Clinical Trial Lab Insights

by Fred Pennic 09/15/2025 Leave a Comment

LabConnect/OmniScience Launch First Agentic AI Platform for Clinical Trial Labs

What You Should Know:  - LabConnect, a global provider of central laboratory services, has announced a strategic collaboration with OmniScience, the AI company behind the Vivo platform.  - Together, the companies will deliver an AI Agentic solution to give sponsors intelligent, real-time insights from clinical trial lab data. Transforming Lab Data into Real-Time Action Clinical trial lab data is often complex, siloed, and delayed, which can lead to slow decision-making
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KLAS Report: Ensemble and Guidehouse Lead in Revenue Cycle Outsourcing

by Fred Pennic 09/12/2025 Leave a Comment

KLAS Report: Ensemble and Guidehouse Lead in Revenue Cycle Outsourcing

What You Should Know:  - A new KLAS report, "End-to-End Revenue Cycle Outsourcing 2025," examines client satisfaction with firms that handle all or key components of patient access, HIM, and business office departments for hospital-based organizations.  - The report helps organizations identify the right firm for their needs by focusing on key revenue cycle outcomes, client satisfaction, and the impact of AI in the space. The research found that many healthcare organizations are
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M&A: TailorCare Acquires Stabl to Enhance Musculoskeletal Care with AI

by Fred Pennic 09/12/2025 Leave a Comment

M&A: TailorCare Acquires Stabl to Enhance Musculoskeletal Care with AI

What You Should Know:  - TailorCare, a leader in personalized musculoskeletal (MSK) care announced acquisition of Stabl's advanced computer vision-enabled patient monitoring platform.  - The acquisition will allow TailorCare to offer real-time form-tracking to help patients perform exercises safely and effectively from home without the need for wearable sensors. This technology provides personalized feedback and intelligent engagement, ensuring patients are on the right path to
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GE HealthCare to Acquire icometrix to Advance Neurology with AI

by Fred Pennic 09/12/2025 Leave a Comment

GE HealthCare to Acquire icometrix to Advance Neurology with AI

What You Should Know:  - GE HealthCare has announced its agreement to acquire icometrix, a company specializing in AI-powered brain imaging analysis.  - The acquisition is a strategic move to address the growing demand for MRI in personalized treatment planning for neurological disorders such as Alzheimer’s disease. Studies predict that the number of adults living with Alzheimer’s disease will double by 2050. AI-Powered Brain Imaging  The demand for more frequent
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Caduceus LAUNCH Selects Six Digital Health Startups for Fall Accelerator

by Fred Pennic 09/12/2025 Leave a Comment

Caduceus LAUNCH Selects Six Digital Health Startups for Fall Accelerator

What You Should Know:  - Caduceus LAUNCH, a digital health accelerator program, has announced the selection of six new startups for its fall cohort.  - The chosen companies were selected from a competitive pool of over 250 applicants from across the country. The accelerator program is designed to drive transformative impact and unlock profitable growth for emerging digital health companies. The Six Selected Startups The following six digital health startups were accepted
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Profusa Deploys NVIDIA AI to Build AI-Driven Insight Portal for Continuous Biomarker Monitoring

by Fred Pennic 09/12/2025 Leave a Comment

Profusa Deploys NVIDIA AI to Build AI-Driven Insight Portal for Continuous Biomarker Monitoring

What You Should Know:  - Profusa,, a digital health company, has announced the adoption of NVIDIA technology to power a new AI-driven insight portal for continuous biochemistry monitoring.  - The portal will be used in combination with Profusa’s Lumee oxygen optical hydrogel sensors and reader system, extending the company's AI-enabled tools to remote patient monitoring settings. Profusa anticipates an early 2026 rollout of the portal in the European Economic Area (EEA). -
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