Notable Health is an artificial intelligence company that is aiming to solve a problem that physicians run into when updating electronic health records (EHR) as they speak directly into an Apple Watch rather than PCs and tablets. Often times, this leads to patient information being inputted incorrectly and it can cause issues with patient interactions.
Notable Health has raised $13.5 million in Series A funding. This round of funding was led by F-Prime Capital Partners and Oak HC/FT. Greylock Partners and Maverick Ventures also participated in this round of funding.
Carl Byers, a general partner at F-Prime Capital Partners, will join Notable Health’s board of directors. And Annie Lamont, a managing partner at Oak HC/FT, is joining Notable Health as a board observer.
In the funding announcement, Notable Health said that physicians are saving 70 minutes and 1,000 clicks per day using their service. This allows the physicians to schedule additional patient appointments and results in a 15-20% increase in revenue on average.
“Notable Health was founded with the mission of enriching every physician-patient interaction by eliminating the drudgery of administrative tasks and improving data quality. Through the use of continually-learning AI, voice recognition, and wearables we’re empowering physicians to be more productive and improve patient outcomes,” said Notable Health co-founder and CEO Pranay Kapadia in a statement. “We are thrilled to partner with some of the industry’s leading digital health investors as we continue to expand our product development and accelerate hiring across the company. We feel by addressing the traditional charting methods physicians currently use in their EHRs, Notable Health is in a unique position to help physicians operate more efficiently, see more patients, and help the industry continue to move to a more outcomes-based model.”
Notable Health is able to utilize artificial intelligence to learn more about the behavior and patterns of physicians. And then Notable Health’s software can assist with ICD-10 coding and E&M billing.
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