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Fred Pennic, Editor-in Chief | HIT Consultant

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

Lena Health Raises $2M for AI-Powered Care Coordinator

by Fred Pennic 04/23/2025 Leave a Comment

Lena Health Raises $2M for AI-Powered Care Coordinator

What You Should Know:  - Lena Health, an AI-powered care coordinator raises $2M in seed funding round co-led by Emergent Ventures and Cultivation Capital, the round saw participation from the Texas Medical Center (TMC) Venture Fund and Caravan Health Ventures (CHV).  - The capital is designated for expanding the company's services nationwide, enhancing its capabilities for navigating complex community resource networks, and further augmenting care teams by automating routine, yet
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Q/A: Former HHS Commissioner on Why Medicaid is the Most Innovative Program in U.S. Healthcare

by Fred Pennic 04/22/2025 Leave a Comment

Medicaid plays a vital role in the American healthcare system, providing coverage for millions of vulnerable individuals. To gain a deeper understanding of the program's evolving landscape, its unique strengths, and the challenges it faces, we spoke with Gary Jessee, Senior Vice President, National Consulting. With extensive experience on both the payer and provider sides, Jessee offers valuable insights into Medicaid's role in addressing critical needs, from long-term services and supports to
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Biolinq Raises $100M to Expand Biowearable Platform for Metabolic Health

by Fred Pennic 04/22/2025 Leave a Comment

Biolinq Raises $100M to Expand Biowearable Platform for Metabolic Health

What You Should Know:  - Biolinq, a healthcare technology company focused on developing precision multi-analyte biosensors to improve metabolic health raises $100M in Series C financing round led by Alpha Wave Ventures, with participation from several existing investors, including RiverVest Venture Partners, AXA IM Alts, LifeSci Venture Partners, M Ventures, Hikma Ventures, Aphelion Capital, Taisho Pharmaceutical, and Features Capital. - The company will use the funding to support its
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Ascertain Secures $10M to Scale AI-Powered Case Management Solution

by Fred Pennic 04/22/2025 Leave a Comment

Ascertain Secures $10M to Scale AI-Powered Case Management Solution

What You Should Know:  - Ascertain, a healthcare technology company focused on empowering care teams with artificial intelligence (AI) raises $10M in Series A funding round led by Deerfield Management, featuring strategic participation from Northwell Health. - The investment will be used to accelerate Ascertain's growth trajectory and expand access to its innovative AI-powered solutions across the healthcare ecosystem.  - The company aims to enable higher quality patient care,
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Yosi Health Joins Forces with Elation Health to Modernize Primary Care

by Fred Pennic 04/22/2025 Leave a Comment

Yosi Health Joins Forces with Elation Health to Modernize Primary Care

What You Should Know:  - Yosi Health, a recognized leader in cloud-based digital patient scheduling, registration, payment, and communication software, announced it has become part of the Elation Health Partner Hub.  - The curated marketplace connects primary care innovators like Elation Health with integrated technology partners selected to help strengthen provider-patient relationships and elevate the quality of care. Elation Health Partner Hub This strategic partnership
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Lyric Acquires ClaimShark to Bolster AI-Powered Payment Accuracy Platform

by Fred Pennic 04/22/2025 Leave a Comment

Lyric Acquires ClaimShark to Bolster AI-Powered Payment Accuracy Platform

What You Should Know:  - Lyric, a recognized leader in solutions for healthcare payment accuracy and integrity, has officially announced its acquisition of ClaimShark. ClaimShark is known for its innovative technology platform designed to enhance integration, transparency, and precision in payment integrity for health plans.  - The strategic move will see ClaimShark's solutions integrated into the Lyric 42 Platform, Lyric's flagship AI-driven offering, significantly advancing Lyric's
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Guidehealth & Koda Health Partner to Improve Advance Care Planning

by Fred Pennic 04/22/2025 Leave a Comment

Koda Health Secures Funding to Expand Advance Care Planning Capabilities

What You Should Know:  - Guidehealth, an AI-powered healthcare services platform, has announced a strategic partnership with Koda Health, a platform for proactive Advance Care Planning (ACP).  - The partnership will provide access to a scalable, tech-enabled solution designed to improve care alignment and reduce the total cost of care for patients navigating serious illness. Scalable Advance Care Planning Health systems and clinically integrated networks (CINs) working with
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John Snow Labs Unveils New AI-Powered HCC Coding Engine

by Fred Pennic 04/22/2025 Leave a Comment

John Snow Labs Unveils New AI-Powered HCC Coding Engine

What You Should Know:  - John Snow Labs, a company specializing in artificial intelligence for healthcare, today announced the launch of its new, end-to-end Hierarchical Condition Category (HCC) coding engine. - Introduced during the company’s annual Healthcare NLP Summit, this solution is engineered to assist healthcare providers and payers in significantly improving risk adjustment accuracy and strengthening revenue integrity. Addressing Critical Gaps in Risk
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Leidos to Invest $10M in University of Pittsburgh for AI Disease Detection

by Fred Pennic 04/21/2025 Leave a Comment

Leidos to Invest $10M in University of Pittsburgh for AI Disease Detection

What You Should Know:  - Leidos is committing $10M to a five-year collaboration with the University of Pittsburgh's Computational Pathology and AI Center of Excellence (CPACE) to accelerate the development and use of artificial intelligence (AI) in detecting and managing diseases. - The partnership aims to create AI-powered tools for quicker disease detection, including heart disease and cancer, reduce diagnostic turnaround times, and enable earlier, more effective care
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Wasteful Spending on Remote Monitoring? New Report Urges Policy Overhaul

by Fred Pennic 04/18/2025 Leave a Comment

Wasteful Spending on Remote Monitoring? New Report Urges Policy Overhaul

What You Should Know:  - A newly released report from the Peterson Center on Healthcare offers critical guidance for policymakers navigating the rapidly expanding landscape of remote monitoring technologies.  - Synthesizing findings from three in-depth evaluations of digital health tools by the Peterson Health Technology Institute (PHTI) and analyzing trends in Medicare and Medicaid billing, the report sounds a timely alarm. It underscores the urgent need for a policy
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