
3 Notable Health Tech Funding Announcements in July
Health tech companies made several major funding announcements in July. Here is a list of some of the biggest funding rounds.
Health tech companies made several major funding announcements in July. Here is a list of some of the biggest funding rounds.
Ambience Healthcare closed a $243 million Series C funding round, bringing its valuation to $1.25 billion. The startup, which offers an AI-powered platform for clinical documentation and coding, aims to reduce clinician burnout by automating time-consuming administrative tasks across a wide range of specialties.
Idaho-based health system St. Luke’s is rolling out Ambience Healthcare’s AI platform across its enterprise following a successful pilot. The AI-powered scribing tool decreased clinicians’ documentation time by 39%.
Here is a selection of recent executive hires, exits, promotions and layoffs occurring across the healthcare industry.
Alpine Physician Partners — which operates primary care organizations in several states — is implementing Ambience Healthcare’s documentation and coding tool after a successful pilot. Before adopting Ambience’s tool, Alpine clinicians spent 4.7 hours on charting per day, but now that time has dropped down to 1.2 hours per day.
Ambience Healthcare's new product, AutoScribe, embeds into the electronic medical record and works in real-time. When clinicians use AutoScribe, they speak to their patient as they normally would while the software listens in the background. Immediately after the visit, the physician gets a draft of the medical notes from the meeting, and then they can edit the notes if needed.