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Fred Pennic, Editor-in Chief | HIT Consultant

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

AI Prior Authorization: Humata Health Partners with CMS on WISeR Model to Modernize Medicare

by Fred Pennic 11/07/2025 Leave a Comment

AI Prior Authorization: Humata Health Partners with CMS on WISeR Model to Modernize Medicare

What You Should Know:  - Humata Health, a provider of AI-powered prior authorization technology, has been selected by the Centers for Medicare & Medicaid Services (CMS) as a key partner for its new initiative: the Wasteful and Inappropriate Service Reduction (WISeR) model.  - CMS, the single largest payer for healthcare in the U.S., has chosen Humata Health to deploy its proprietary technology in a program that directly addresses the staggering variability of care and significant
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Onchilles Pharma Raises $25M to Advance N17350, Pioneering Next-Gen Cytotoxic Cancer Therapy

by Fred Pennic 11/07/2025 Leave a Comment

Onchilles Pharma Raises $25M to Advance N17350, Pioneering Next-Gen Cytotoxic Cancer Therapy

What You Should Know:  - Onchilles Pharma, a private biotech company pioneering next-generation cytotoxic therapeutics announced the publication of foundational preclinical data in the peer-reviewed journal Cell Reports Medicine, the close of a $25M Series A1 financing round. - In addition, the company appointed Dr. Thomas A. Buchholz as a clinical advisor. The funding brings the total raised in Series A financing to $40M. Foundational Preclinical Data Validates Cancer-Selective
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Trump Unveils Historic Drug Price Cuts: Ozempic and Wegovy Reduced to $350 via TrumpRx

by Fred Pennic 11/06/2025 Leave a Comment

Trump Unveils Historic Drug Price Cuts: Ozempic and Wegovy Reduced to $350 via TrumpRx

What You Should Know:  - President Donald J. Trump announced the latest in a series of significant actions to lower prescription drug prices, unveiling agreements with pharmaceutical manufacturers Eli Lilly and Company and Novo Nordisk.  - The initiative delivers historic price reductions on some of the world’s most popular drugs, impacting millions of Americans struggling with chronic diseases, diabetes, heart disease, and obesity. Price Reductions for Patients and
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Amae Health Secures $25M to Transform Severe Mental Illness Care with Integrated AI Platform

by Fred Pennic 11/06/2025 Leave a Comment

Amae Health Secures $25M to Transform Severe Mental Illness Care with Integrated AI Platform

What You Should Know:  - Amae Health, a Public Benefit Corporation (PBC) and leader in outpatient treatment for Severe Mental Illness (SMI), announced the close of a $25M of pre-empted Series B financing led by Altos Ventures.  - The funding brings Amae’s total funding to more than $50M and will accelerate the company's mission to transform how conditions like schizophrenia, bipolar disorder, and treatment-resistant depression are understood and treated. Achieving Significant and
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Omega Systems Acquires PEAKE Technology Partners to Strengthen Healthcare Managed Services

by Fred Pennic 11/05/2025 Leave a Comment

Omega Systems Acquires PEAKE Technology Partners to Strengthen Healthcare Managed Services

What You Should Know:  - Omega Systems, a leading provider of managed IT, cybersecurity, and compliance services to regulated industries announced the acquisition of PEAKE Technology Partners, a healthcare managed services provider. Financial details of the acquisition were not disclosed. - The strategic acquisition strengthens Omega’s position as a leading Managed Service Provider (MSP) and Managed Security Services Provider (MSSP) for the healthcare industry. Expanding Expertise
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Planbase Launches AI Workforce Management for Healthcare Platform with $2.1M

by Fred Pennic 11/05/2025 Leave a Comment

Planbase Launches AI Workforce Managgement for Healthcare Platform with $2.1M

What You Should Know:  - Planbase, the first AI-native employee management platform designed specifically for healthcare, has officially launched, securing $2.1M in seed funding led by Y Combinator, LocalGlobe, and prominent angels. - The company will use the funds to expand into more medium-large clinics nationwide and hire additional software engineers. Automating Complex Workforce Management with AI Managing employees in healthcare is uniquely complex, requiring prediction of
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Hospital Margins Remain Thin at 1.1%: Expense Pressure Outpaces Revenue Growth

by Fred Pennic 11/05/2025 Leave a Comment

Hospital Margins Remain Thin at 1.1%: Expense Pressure Outpaces Revenue Growth

What You Should Know:  - U.S. healthcare organizations continued to face mounting expense pressures at the end of the third quarter of 2025, resulting in persistently thin operating margins despite steady growth in gross revenue.  - According to the latest data from Strata Decision Technology, the national median year-to-date (YTD) operating margin inched up slightly to 1.1% in September, remaining consistent with the strained levels seen throughout the year. Pressure of
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LifeMD Sells WorkSimpli Stake for $65M to Become Pure-Play Virtual Healthcare Company

by Fred Pennic 11/04/2025 Leave a Comment

LifeMD Sells WorkSimpli Stake for $65M to Become Pure-Play Virtual Healthcare Company

What You Should Know:  - LifeMD, Inc., a provider of virtual healthcare services and pharmacy, today announced the sale of its majority ownership interest in WorkSimpli Software LLC in a transaction valuing WorkSimpli at an enterprise value of approximately $65M.  - The divestiture was led by WorkSimpli founder and CEO Sean Fitzpatrick, with support from a private investment group. This transaction represents a key milestone in LifeMD’s strategic transformation, positioning the
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Tala Health Secures $100M to Scale AI-Native Healthcare Platform

by Fred Pennic 11/04/2025 Leave a Comment

Tala Health Secures $100M to Scale AI-Native Healthcare Platform

What You Should Know:  - Titan Holdings, a holding company that builds and operates AI-native companies to reimagine critical industries, today announced that its newest venture, Tala Health, has successfully raised $100M in financing.  - The substantial funding injection is dedicated to making world-class healthcare accessible to anyone, anytime, through advanced artificial intelligence. Empowering Clinicians Across the Patient Journey Tala Health is built to empower
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Huron Acquires AXIOM Consulting Division to Expand Payer Digital Transformation Capabilities

by Fred Pennic 11/04/2025 Leave a Comment

Huron Acquires AXIOM Consulting Division to Expand Payer Digital Transformation Capabilities

What You Should Know:  - Global professional services firm Huron announced it has acquired the payor consulting services division of AXIOM Systems (AXIOM), a healthcare information technology firm specializing in digital transformation for payors and payor-provider organizations.  - The strategic acquisition significantly expands Huron’s capabilities in the payor ecosystem. Financial details of the acquisition were not disclosed.  Strengthening Expertise in Core Payor
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