WakeMed Health gains $10M with AI documentation and clinical insights

Abridge raises $300M Series E to transform healthcare documentation with AI

Healthcare AI startup Abridge has secured $300 million in Series E funding led by Andreessen Horowitz, with participation from Khosla Ventures, to revolutionize clinical documentation and revenue cycle management.The Pittsburgh-based company addresses a critical pain point in healthcare: the $1.5 trillion annual administrative burden that contributes to physician burnout. Abridge's AI platform converts medical conversations into compliant docume…

WakeMed Health gains $10M with AI documentation and clinical insights

WakeMed Health & Hospitals, a health system based in Raleigh, North Carolina, faced a significant challenge regarding its electronic health record. Dollars and quality points matter deeply to health systems, and the EHR is central to generating both revenue and quality scores.THE CHALLENGE However, improving the accuracy of documentation required asking physicians to spend more time in the EHR, which was already a major source of frustration and…