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Fred Pennic, Editor-in Chief | HIT Consultant

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

Beyond Annual Physicals: Function Secures $450M Growth Financing from General Catalyst

by Fred Pennic 08/03/2026 Leave a Comment

Beyond Annual Physicals: Function Secures $450M Growth Financing from General Catalyst

What You Should Know Consumer health platform Function Health secured $450M in non-dilutive growth financing from General Catalyst’s Customer Value Fund (CVF).The mega-round comes just eight months after Function’s $298M Series B, accelerating its goal of scaling direct-to-consumer lab testing, full-body imaging, and personalized AI analytics.The injection follows two major Q2 expansion acquisitions: Getlabs (a nationwide mobile blood draw network) and SuppCo (a dietary supplement tracking
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NYU Langone and Dana-Farber Co-Develop Solavia Decision Suite

by Fred Pennic 08/03/2026 Leave a Comment

NYU Langone and Dana-Farber Co-Develop Solavia Decision Suite

What You Should Know NYU Langone Health and Dana-Farber Cancer Institute have co-developed the Solavia Decision Suite, an oncology decision support platform designed to deliver precise, evidence-based, and standardized care delivery at scale.Solavia launched internally at NYU Langone on June 30, 2026, and is now commercially available to external health systems and oncology centers.Commercialization and external licensing will be managed by NYU Langone’s Technology Opportunities and Ventures,
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CMS Releases FY 2027 IPPS and LTCH PPS Final Rule: Rates, Mandatory CJR-X Model, and EHR Changes

by Fred Pennic 08/03/2026 Leave a Comment

CMS Launches New Oversight Initiative to Verify Medicaid and CHIP Eligibility

What You Should Know The Centers for Medicare & Medicaid Services (CMS) issued its FY 2027 Inpatient Prospective Payment System (IPPS) and Long-Term Care Hospital (LTCH) PPS final rule, enacting a 2.3% net payment rate increase for both IPPS acute care hospitals and LTCHs.The rule mandates nationwide expansion of the Comprehensive Care for Joint Replacement (CJR) Model—dubbed CJR-X—beginning January 1, 2028, covering hip, knee, and ankle replacements across inpatient and hospital
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J.D. Power 2026 U.S. Pharmacy Study: Digital Integration and Human Support Drive Customer Loyalty

by Fred Pennic 07/31/2026 Leave a Comment

J.D. Power 2026 U.S. Pharmacy Study: Digital Integration and Human Support Drive Customer Loyalty

What You Should Know According to the J.D. Power 2026 U.S. Pharmacy Study, overall mail-order pharmacy satisfaction rose 2 points year-over-year to 699 (on a 1,000-point scale), while brick-and-mortar satisfaction dropped 7 points to 669.The divergence is driven by weakening consumer trust and perceived value in physical retail stores, whereas mail-order growth is fueled by strong live-agent phone support and seamless digital tools.Good Neighbor Pharmacy ranked highest among brick-and-mortar
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AMS Solutions Releases 2026 Benchmark Report on The State of Medical Billing

by Fred Pennic 07/31/2026 Leave a Comment

AMS Solutions Releases 2026 Benchmark Report on The State of Medical Billing

What You Should Know Physician-founded revenue cycle vendor AMS Solutions published its State of Medical Billing 2026 benchmark report, detailing a rise in industry-wide claim denial rates to 9% (up from 7.5% in 2023).Increased Medicare Advantage penetration and automated machine-learning claim reviews by commercial payers are driving higher denial rates, extended days in accounts receivable (averaging 42 days, up from 38), and stricter documentation requirements.Neurology exhibits the
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M&A: Doctronic Acquires Virtual Pediatric Platform Summer Health to Expand AI Primary Care

by Fred Pennic 07/31/2026 Leave a Comment

M&A: Doctronic Acquires Virtual Pediatric Platform Summer Health to Expand AI Primary Care

What You Should Know AI-native primary care company Doctronic has acquired virtual, text-based pediatric care platform Summer Health to extend its clinical platform from birth through adulthood.The acquisition integrates Summer Health’s proprietary repository of more than 100,000 real-world pediatric text interactions into Doctronic’s clinical data architecture to train pediatric-specific conversational AI models.Summer Health founder and CEO Ellen DaSilva joins Doctronic as Senior Vice
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CB Insights Q2 2026 State of Digital Health Report: Fewest Deals in Over a Decade as Median Sizes Rise

by Fred Pennic 07/30/2026 Leave a Comment

CB Insights Q2 2026 State of Digital Health Report: Fewest Deals in Over a Decade as Median Sizes Rise

What You Should Know The latest CB Insights report, Q2 2026 State of Digital Health reveals global digital health deal activity reached a decade-low of 228 deals in Q2 2026, marking a 36% decline quarter-over-quarter and a two-thirds drop from the Q2 2022 peak of 688 deals. Total equity funding fell 24% quarter-over-quarter to $5.7 billion, with capital concentration escalating as a small handful of mega-rounds anchored overall venture volume.Isomorphic Labs’ $2.1B Series B
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Mayo Clinic and Einstein Hospital Israelita Partner to Expand Mayo Clinic Platform_Connect

by Fred Pennic 07/30/2026 Leave a Comment

Mayo Clinic and Einstein Hospital Israelita Partner to Expand Mayo Clinic Platform_Connect

What You Should Know Mayo Clinic and Brazil’s Einstein Hospital Israelita completed a technological integration milestone to make de-identified clinical data from South America accessible via Mayo Clinic Platform_Connect.The collaboration expands global demographic, genetic, and regional clinical representation within Mayo Clinic’s privacy-preserving healthcare innovation ecosystem.Einstein Hospital Israelita joined Mayo Clinic Platform’s Early Adopter Program to establish secure, cloud-based
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RWJF Report Analyzes Hospital Financial and Workforce Strains Under OBBBA

by Fred Pennic 07/30/2026 Leave a Comment

RWJF Report Analyzes Hospital Financial and Workforce Strains Under OBBBA

What You Should Know A joint report by the Urban Institute and Robert Wood Johnson Foundation analyzes five major federal policy shifts threatening hospital financial stability and operational sustainability.Medicaid work requirements and semi-annual redeterminations under the One Big Beautiful Bill Act (OBBBA), combined with ACA Marketplace subsidy expirations, are projected to cause millions to lose health coverage.State-Directed Payment caps and provider tax reductions under OBBBA will cut
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M&A: Included Health to Acquire Clinically-Integrated Health Plan Firefly Health

by Fred Pennic 07/29/2026 Leave a Comment

M&A: Included Health to Acquire Clinically-Integrated Health Plan Firefly Health

What You Should Know All-in-one healthcare delivery firm Included Health has signed a definitive agreement to acquire clinically integrated health plan and advanced primary care provider Firefly Health, with closure targeted for Q3 2026.The combined entity pairs Included Health’s AI-native navigation platform with Firefly’s NCQA-accredited advanced primary care model, dynamic benefit design, and a nationwide network of 2,300+ in-person, in-home, and specialty partners.Across its full
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