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Fred Pennic, Editor-in Chief | HIT Consultant

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

Commure Secures $70M to Drive 85% Autonomous Revenue Cycle Execution

by Fred Pennic 05/19/2026 Leave a Comment

Commure Secures $70M to Drive 85% Autonomous Revenue Cycle Execution

What You Should Know Commure, an AI platform for healthcare operations, secured a $70M financing round at a $7 billion post-money valuation led by General Catalyst, with participation from Sequoia Capital, Morgan Stanley, and Kirkland & Ellis.Tackling the $1 Trillion Problem: The company’s agentic AI infrastructure targets administrative waste—a sector that consumes an estimated $1 trillion annually in the U.S. alone.Proven Operational Automation: Commure’s end-to-end revenue cycle
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Century Health Raises $5M for CHARM AI Platform to Accelerate Life Sciences Research

by Fred Pennic 05/19/2026 Leave a Comment

Century Health Raises $5M for CHARM AI Platform to Accelerate Life Sciences Research

What You Should Know Century Health has closed an oversubscribed $5M seed financing round led by Origin Ventures, bringing its total funding to an industry-accelerated position.The platform's proprietary Century Health Abstraction & Retrieval Model (CHARM) automates the curation of unstructured EHR data (notes, reports, and documentation), achieving a 97% accuracy rate validated against clinical expert judgment.Century Health expanded its specialty provider data network 60x over the past
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Reimagining Medical Devices in the AI Era: The 3 Structural Shifts Driving Venture-Scale Growth

by Fred Pennic 05/18/2026 Leave a Comment

Reimagining Medical Devices in the AI Era: The 3 Structural Shifts Driving Venture-Scale Growth

What You Should Know: In their newly released whitepaper, Medical Devices in the AI Era, Aegis Ventures outlines how the medical device sector has historically underperformed in venture portfolios, remaining completely flat at just 2% to 3% of overall healthcare venture capital since 2018, despite representing a $200 billion annual market.The Software Evolution: The axis of competition is moving from physical hardware ("atoms") to intelligent software ("algorithms"), opening the door to
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M&A: Qualtrics Completes $6.75B Acquisition of Press Ganey Forsta

by Fred Pennic 05/18/2026 Leave a Comment

Qualtrics Acquires Press Ganey Forsta for $6.75B to Create the Most Comprehensive AI Experience Platform

What You Should Know Qualtrics has officially completed its acquisition of healthcare experience leader Press Ganey Forsta for $6.75B, marking the largest technology acquisition in Utah history.Category Expansion: The deal fuses Qualtrics’ experience management (XM) AI and data platform with Press Ganey Forsta's massive clinical, operational, and regulatory benchmarking footprint.The "Experience Gap" Mandate: Driven by consumer expectations permanently altered by AI, modern patients no longer
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Viz.ai Launches Viz Pulmonary™ Suite: AI-Powered Workflows for COPD, Lung Nodules, and PE

by Fred Pennic 05/15/2026 Leave a Comment

Viz.ai Launches Viz Pulmonary™ Suite: AI-Powered Workflows for COPD, Lung Nodules, and PE

What You Should Know Viz.ai has introduced the Viz Pulmonary™ Suite, an integrated AI solution designed to manage acute and chronic pulmonary conditions in a single platform.The suite targets three major pulmonary challenges: Chronic Obstructive Pulmonary Disease (COPD), lung nodules, and pulmonary embolism (PE).Clinical Impact: In a single-center study, the integrated Viz PE tool reduced time to treatment from 1.75 days to 0.56 days and lowered in-hospital mortality among high-risk
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FDA Grants 510(k) Clearance for Glooko’s EndoTool IV Cloud Insulin Dosing Platform

by Fred Pennic 05/15/2026 Leave a Comment

FDA Grants 510(k) Clearance for Glooko’s EndoTool IV Cloud Insulin Dosing Platform

What You Should Know Glooko has received U.S. FDA 510(k) clearance for EndoTool IV Cloud, making it the first cloud-based, patient-specific insulin dosing platform cleared for hospital use.The system is the cloud-native evolution of EndoTool IV, a clinical decision support solution used to manage intravenous (IV) insulin therapy for hospitalized patients.The cloud architecture is designed to reduce on-premise infrastructure requirements, streamline maintenance, and support centralized updates
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Innovaccer 2026 Payer AI Report: Nearly 80% of Insurers to Buy or Co-Develop AI Capabilities

by Fred Pennic 05/14/2026 Leave a Comment

Innovaccer 2026 Payer AI Report: Nearly 80% of Insurers to Buy or Co-Develop AI Capabilities

What You Should Know Nearly 80% of health plan executives now plan to buy or co-develop AI capabilities with vendors, a sharp reversal from late 2024 when 78% were attempting to build internally, according to a new report from Innovaccer. Financial Commitment: Approximately 75% of payers intend to spend over $10 million on AI-driven payment and care outcome initiatives over the next 3–5 years.Operational Reality: Despite high ambitions, 86% of payers admit they are not fully ready to
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Optura Raises $17.5M to Measure Healthcare AI ROI and Performance

by Fred Pennic 05/14/2026 Leave a Comment

Optura Raises $17.5M to Measure Healthcare AI ROI and Performance

What You Should Know Optura, an enterprise healthcare platform, has announced a $17.5M Series A funding round led by Salesforce Ventures, bringing its total funding to over $25M.The platform introduces ROAI™ (Return on AI Investment), a discipline designed to help healthcare organizations objectively measure the business value and viability of AI initiatives.Despite the industry spending over $18B on AI this year, approximately 95% of enterprise GenAI pilots have failed to produce measurable
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Signant Health Acquires Ametris to Combine Wearable Data and eCOA Technology

by Fred Pennic 05/14/2026 Leave a Comment

Signant Health Acquires Ametris to Combine Wearable Data and eCOA Technology

What You Should Know Signant Health has acquired Ametris (formerly known as ActiGraph) to combine electronic clinical outcome assessment (eCOA) technology with wearable-based digital measurements. Financial details of the acquisition were not disclosed. The deal addresses a primary industry bottleneck by replacing multiple disconnected vendors with a single platform for both subjective patient feedback and objective sensor data.The integrated system is designed to support decentralized
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Shyld AI Secures $13.4M to Scale Agentic AI and Autonomous Disinfection Across U.S. Health Systems

by Fred Pennic 05/14/2026 Leave a Comment

Shyld AI Secures $13.4M to Scale Agentic AI and Autonomous Disinfection Across U.S. Health Systems

What You Should Know Shyld AI has closed a $13.4M seed round led by Aulis Capital, marking one of the largest early-stage rounds in the healthcare AI sector.The company is moving beyond "passive" ambient AI to Active Intelligence, deploying Agentic AI systems that take real-time action inside physical hospital environments.Flagship Technology: The system combines AI with UV-C light technology to autonomously disinfect rooms; a Stanford University study found it reduced contamination by more
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