Healthcare AI Startup Notable Raises $100M to Automate Clinical Tasks
Clinical AI assistant startup Notable has closed a $100 million Series B funding round led by ICONIQ Growth. Notable’s platform takes on administration tasks for doctors and healthcare providers from updating Electronic Health Records (EHR) to scheduling and reminding patients of upcoming appointments.
Notable’s platform offers AI help to healthcare providers for both internal needs and communicating with patients. The idea is to cut down on paperwork and data entry so that doctors have more time to focus on the actual medical concerns. The AI responds to both text and voice commands to help the doctor go through documents and records, integrating new information as it arrives and looking for tasks it can complete. The startup claims it cuts more than 700 hours of repetitive tasks a year for every clinician thanks to its automation.
For patient interaction, Notable performs as a virtual assistant for scheduling appointments, screening patients, and handling billing. Pre-visit questionnaires can be sent out to patients and the data automatically included in the EHR for the doctor to look at, skipping the need to do so during the actual visit. The platform will send follow-up reminders as well for particularly high-risk patients. The new funding round included investment from Greylock, F-Prime Capital, and Oak HC/FT to support scaling Notable after hundreds of healthcare providers started adopting its platform.
“Healthcare faces a staffing crisis, and overwhelming administrative burden challenges providers’ ability to deliver high-quality, affordable care and world-class patient experiences,” Notable CEO Pranay Kapadia said in a statement. “This investment accelerates the execution of our vision to digitally transform and enrich patient-provider interactions with intelligent automation.”
Healthcare AI adoption has exploded over the last couple of years. The COVID-19 pandemic accelerated the shift in the often slower area of healthcare communications. Clinical automation for helping cut down on the time doctors spend on paperwork became especially crucial during the health crisis and investment and adoption of tools like Suki or Saykara kept pace. The demand swept across all kinds of healthcare, funneling money to dental-focused services like Bola and veterinarian-centered startups like Talktoo. Voice and text AI interacting with patients has led to major investments in startups like Orbita, Hyro, and Avaamo, as well as the almost $20 billion acquisition of Nuance by Microsoft, not long after Nuance bought Saykara .