Pieces Technologies, which is a leading clinical generative AI solution that supports inpatient care teams, announced it completed a $25 million growth financing round consisting of new equity and the conversion of notes. This funding round gained significant participation from Children’s Health, healthcare investment firm Concord Health Partners, renowned health systems including OSF HealthCare, and specialized health tech venture investor Rittenhouse Ventures.
The company optimizes clinical workflows and reduces provider burden for health systems by producing autonomous and AI-generated clinical documentation for multi-disciplinary care teams. And as of earlier this month, the company has generated more than 5.4 million inpatient clinical summaries across multiple health system clients.
Along with its suite of solutions that produce clinical working summaries, working progress notes, patient briefings and discharge planning, Pieces is a trailblazer in AI quality oversight. And the company developed a patent-pending platform called Pieces SafeRead that employs highly-tuned adversarial AI alongside board-certified clinician oversight to minimize errors and advance the machine learning process.
KEY QUOTES:
“We are honored to receive support from major health systems and leading healthcare investors at such an exciting inflection point. Our mission is to help those who help others. We are grateful that our investing partners recognize our work to help doctors, nurses and care managers free up valuable time so they can stay focused on care delivery at the bedside.”
-Ruben Amarasingham, M.D., Chief Executive Officer of Pieces
“At Children’s Health, we understand the importance of providing high-quality care in the most innovative ways possible. Congratulations to Pieces on their continued growth and work with health systems across the nation.”
-Robert Fries, Chief Financial Officer at Children’s Health
“Pieces has been at the forefront of introducing AI-powered processes into the continuum of care ecosystem and has been the first to pioneer AI solutions across a number of different areas in the inpatient setting. Our mission is to identify key technologies that can reduce costs while increasing access and improving quality of care across health systems, and through our partnership have seen how the Pieces platform can help accomplish each of those pillars. We are excited about the Company’s prospects as they continue to expand and deliver their innovative offerings to a wider range of leading health systems across the country.”
-Taylor Whitman, Partner at Concord Health Partners
