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Fred Pennic, Editor-in Chief | HIT Consultant

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

Health IT’s New Chapter: IPOs Return, Resilient M&A, Valuations Rise in 1H 2025

by Fred Pennic 07/18/2025 Leave a Comment

Health IT Sector Navigates Policy Turbulence with Resilient M&A

What You Should Know:  - The first half of 2025 presented a volatile backdrop of policy shocks and economic uncertainty, yet the Health IT sector demonstrated remarkable resilience, seeing a rebound in M&A valuations and a surge in AI adoption, according to a new report from Healthcare Growth Partners (HGP). - The HGP July 2025 Health IT Market Review highlight these dynamic trends, alongside evolving EHR markets in Asia/Oceania and the transformative impact of ambient
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PwC Report: US Medical Cost Trend to Remain Elevated at 8.5% in 2026

by Fred Pennic 07/18/2025 Leave a Comment

PwC Report: US Medical Cost Trend to Remain Elevated at 8.5% in 2026

What You Should Know: - The U.S. healthcare system is entering 2026 with medical cost trends reminiscent of 15 years ago, facing persistent inflationary forces and significant federal policy changes, according to a  new report from PwC.  - The report, "Medical Cost Trend: Behind the Numbers 2026," projects the Group medical cost trend to remain at 8.5% in 2026 (the same level as 2025) and the Individual market trend at 7.5%. Pharmacy costs are a particular concern, projected 2.5
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Navigating Clinical Trials: Physicians Face Major Hurdles in Accessing Innovative Treatments

by Fred Pennic 07/18/2025 Leave a Comment

Navigating Clinical Trials: New Report Reveals Physicians Face Major Hurdles in Accessing Innovative Treatments

What You Should Know:  - myTomorrows, a global health technology company connecting patients and physicians with pre-approval treatments, published a new data report, "Searching for solutions: How physicians navigate trial access and technology."  - Based on a survey of 100 U.S.-based healthcare professionals, the report reveals that 61% of physicians find the process of identifying and accessing relevant clinical trials difficult, and 72% specifically find clinical trial
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Philips Launches ECG AI Marketplace, Partnering with Anumana to Enhance Cardiac Care with AI-Powered Diagnostics

by Fred Pennic 07/17/2025 Leave a Comment

Philips Launches ECG AI Marketplace, Partnering with Anumana to Enhance Cardiac Care with AI-Powered Diagnostics

What You Should Know:  - Philips announced the launch of the Philips ECG AI Marketplace, a new platform that provides cardiac care teams with a central location to access multiple vendor offerings, simplifying the management and implementation of AI-powered diagnostic tools.  - Anumana, an AI-driven health technology company focused on transforming cardiac care, is the first organization to leverage this platform, with its FDA-cleared ECG-AI™ LEF (Low Ejection Fraction) algorithm
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Define Ventures Report Reveals Pharma Accelerates AI Investment for Enterprise-Scale Deployment

by Fred Pennic 07/17/2025 Leave a Comment

Define Ventures Report Reveals Pharma Accelerates AI Investment for Enterprise-Scale Deployment

What You Should Know:  - Define Ventures, one of the largest venture capital firms focused on early-stage health tech companies, today released a report revealing how Big Pharma is accelerating investment in AI to counter rising cost pressure, regulatory shifts, and growing competitive urgency.  - The report is based on in-depth surveys and interviews with over 40 executives, including leaders from 16 of the top 20 pharma companies and major players like Amazon Web Services,
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Advocate Health to Deploy Aidoc’s FDA-cleared AI Algorithms With It’s Clinical Imaging Workflows

by Fred Pennic 07/17/2025 Leave a Comment

Advocate Health to Deploy Aidoc’s FDA-cleared AI Algorithms With It’s Clinical Imaging Workflows

What You Should Know:  - Advocate Health, the nation’s third-largest nonprofit integrated health system, has announced an agreement with Aidoc to expand the use of its AI platform. Following a successful pilot study, this expansion aims to support faster diagnosis, earlier intervention, and more connected delivery of care for patients across its network.  - Advocate Health will leverage Aidoc’s aiOS™ platform to embed FDA-cleared AI algorithms into its clinical imaging workflows,
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OpenEvidence Secures $210M, Launches Free AI Agent for Clinicians

by Fred Pennic 07/16/2025 Leave a Comment

OpenEvidence Secures $210M, Launches Free AI Agent for Clinicians

What You Should Know:  - OpenEvidence, the most widely used medical search and AI application among verified U.S. clinicians raises $210M in Series B funding round, valuing the company at $3.5 billion. The round was co-led by Google Ventures and Kleiner Perkins, with follow-on investment from Series A leader Sequoia Capital, and additional participation from Coatue, Conviction, and Thrive. OpenEvidence has now raised over $300M since its founding. - OpenEvidence is rapidly
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American Heart Association Ventures™ Invests in Auxira Health to Transform Cardiology Care

by Fred Pennic 07/16/2025 Leave a Comment

American Heart Association Ventures™ Invests in Auxira Health to Transform Cardiology Care

What You Should Know:  - Auxira Health, a virtual cardiology platform announced a strategic collaboration with and investment from American Heart Association Ventures™, the venture capital arm of the American Heart Association®. Both organizations share a commitment to improving patient outcomes by better aligning incentives between providers and patients. - Auxira, initially co-developed by MedStar Health and Abundant Venture Partners, launched earlier this year to address the
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Sheba Medical, Hippocratic AI Partner to Deploy Generative AI Agents

by Fred Pennic 07/16/2025 Leave a Comment

Hippocratic AI Launches Early Access Partnership Program with Providers to Shape the Future of AI-Powered Patient Care

What You Should Know:  - Hippocratic AI, a global leader in generative AI healthcare agents announced a strategic partnership with Sheba Medical Center, a global beacon of medical innovation and research. - As part of this partnership, Hippocratic AI will also join the ARC ecosystem, a global network comprising leading hospitals, researchers, and innovation organizations, opening doors to new pathways for meaningful impact within the network. Advancing a Shared Vision for
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ZeOmega Partners with Massachusetts Health Data Consortium to Launch Nation’s First Statewide FHIR-Based Prior Authorization System

by Fred Pennic 07/16/2025 Leave a Comment

ZeOmega Partners with Massachusetts Health Data Consortium to Launch Nation's First Statewide FHIR-Based Prior Authorization System

What You Should Know:  - ZeOmega®, a population health and interoperability technology company announced it has been selected by the Massachusetts Health Data Consortium (MHDC), a nonprofit advancing health data sharing, to transform prior authorization and clinical data exchange across Massachusetts.  - The initiative creates the nation’s first statewide FHIR®-based system designed to streamline communication between payers and providers, reducing administrative burdens and
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