Patients’ unpaid medical bills are bad news for health systems, as they contribute to the overall cost of uncompensated care-which topped nearly $42 billion in 2019, according to the most recent American Hospital Association data. Notable, a San Mateo, Calif.-based intelligent automation company for healthcare, raised 100 million in a Series B funding round led by ICONIQ Growth, with participation from Greylock, F-Prime Capital, and Oak HC/FT. Encouraging patients to pay their copays. Notable Raises 100M in Series B Funding USA Published on NovemNotable, a San Mateo, Calif.-based intelligent automation company for healthcare, raised 100M in Series B. What’s next?Tech like Notable’s will catch the attention of more health systems, namely by addressing cost-savings in two key areas:ġ. The new round values the company at 600 million, said Pranay Kapadia, co-founder and CEO of the San Mateo, California-based company. It boasts an 85% pre-visit intake completion rate, automatically uploading documents into the EHR and populating patient responses for providers prior to the visit. AI-powered health startup Notable closed a 100 million Series B to help health care systems reduce the time and cost of lengthy administrative processes.Notable’s tech can help hospitals’ front desk staff and medical assistants that are stretched thin: And the healthcare worker shortage will only worsen over the next year as burnt out workers jump ship: Among health care workers who have kept their jobs during the pandemic, 31% have considered leaving. Notable, a San Mateo, Calif.-based intelligent automation company for healthcare, raised 100M in Series B funding. About 18% of healthcare workers have already quit their jobs since the onset of the pandemic, and another 12% have been laid off, per a September 2021 Morning Consult survey of 1,000 US employees.For clinicians, it automates administrative tasks like writing clinical documentation or adding billing codes, empowering them to spend more time on patient care.The opportunity: There’s a shortage of healthcare workers that’s only expected to get worse and tech like Notable’s can fill in gaps by automating human-powered tasks like patient intake. The platform leverages digital assistants to perform these workflows by clicking into fields, updating records, and uploading documents. Iconiq led, and was joined by Greylock, F-Prime Capital and Oak HC/FT. Automate every patient encounter and workflow from the front desk to the back office. Notable, a San Mateo, Calif.-based healthcare admin workflow automation company, raised 100 million in Series B funding at a 600 million valuation, per Axios. Software Category: Intelligent automation platformĪbout the Company: Led by Pranay Kapadia, co-founder, and CEO, Notable is the leading intelligent automation platform for healthcare that leverages AI to continually scan providers’ electronic health record systems (EHRs) and other applications, identifying automated workflows to perform. The company plans to use the funds to expand access to its platform to more healthcare providers while enhancing platform capabilities to further increase partners’ return on investment.Īdditional Investors: Greylock, F-Prime Capital, and Oak HC/FT This article is about notable rpabased 100m series iconiq growth. Notable, a San Mateo, Calif.-based intelligent automation company for healthcare, raised $100 million in a Series B funding round led by ICONIQ Growth, with participation from Greylock, F-Prime Capital, and Oak HC/FT.
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