Latest news with #Abridge
Yahoo
4 days ago
- Business
- Yahoo
Here are the 24 US AI startups that have raised $100M or more in 2025
Last year was monumental for the AI industry in the U.S. and beyond. There were 49 startups that raised funding rounds worth $100 million or more in 2024, per our count at TechCrunch; three companies raised more than one 'mega-round,' and seven companies raised rounds that were $1 billion in size or larger. How will 2025 compare? It's still the first half of the year, but so far it looks like 2024's momentum will continue this year. There have already been multiple billion-dollar rounds this year, and more AI mega-rounds closed in the U.S. in Q1 2025 compared to Q1 2024. Here are all the U.S. AI companies that have raised $100 million this year: This piece was updated on April 23 and June 18 to include more deals. This piece has been updated to remove that Abridge is based in Pittsburgh; the company was founded there.
Business Wire
4 days ago
- Business
- Business Wire
Abridge Announces Inside for Inpatient and Initial Rollout of Outpatient Orders
SAN FRANCISCO--(BUSINESS WIRE)-- Abridge, a leading generative AI platform for clinical conversations, is expanding its capabilities to support inpatient care settings and queue up outpatient orders—extending the value of clinical conversations through additional integrated workflows as part of Workshop, a program through which Epic and Abridge have worked together to develop new, innovative healthcare technologies that are piloted and refined before wider release. These new offerings are already showing impact across care settings from early health system partners. Abridge Inside for Inpatient extends the current functionality for outpatient and emergency medicine to a new care setting, featuring seamless integration with Epic, from Haiku to Hyperspace. Once implemented, clinicians will be able to leverage Abridge without leaving the Epic workflow, transforming complex conversations into compliant and billable clinical notes. 'Abridge Inside automatically transforms bedside conversations into structured Epic notes, empowering inpatient clinicians who deliver the intricately balanced coordinated care for admitted patients to devote more time to patient care,' said Dr. Veena Jones, Vice President and Chief Medical Information Officer at Sutter Health, one of several Abridge partners who piloted the technology. 'Seamless Epic integration into a variety of note types makes it easy to use, and our admitting hospitalists, in particular, are thrilled.' Abridge Inside for Inpatient is tailored specifically to the unique Epic inpatient workflow: Seamless integration with Haiku: Epic integration enables users to leverage SmartPhrases and templates for review and rapid note closure. Standard note types: Abridge Inside for Inpatient gives clinicians the option to choose from history and physical (H&P), progress notes, and consult note types. Epic will automatically map the generated note into the selected note type. Abridge is continuously enhancing its models to improve the inpatient experience, including an upcoming update to the progress note that incorporates prior note data from Epic. Simultaneous management of patients and notes: Abridge Inside for Inpatient facilitates pre-charting, post-charting, and switching between patients. 'Abridge Inside for Inpatient calms some of the chaos of delivering inpatient care,' said Dr. Richard Liu, a hospitalist at Sutter's Mills-Peninsula Medical Center in Burlingame, CA. 'Just by holding my phone and pressing a button, I know the information shared by each patient is captured and available for documentation in their chart.' Moving from Conversation to Action with Outpatient Orders Starting with outpatient clinicians, Abridge is streamlining the orders workflow through an early pilot in Epic's Workshop program. As part of this initial rollout with select design partners this functionality, for example, allows medications mentioned during patient encounters directly inside Epic, enabling clinicians to rapidly place orders based on the conversation—saving time, reducing cognitive burden, and minimizing duplicate work. 'Once I finish the visit, the medications I talked through are already surfaced in Epic—and that's a huge help in a busy clinic,' said Dr. Mary Kirby, a family medicine physician at Coastal Carolina. The need is urgent: Nearly three-quarters of outpatient visits result in at least one prescription order, according to the National Center for Health Statistics. Capturing these orders accurately and efficiently has traditionally added to clinicians' documentation burden. Upcoming support for imaging, labs, and additional order types will help clinicians close the loop on more types of follow-up care discussed during the patient conversation. 'Abridge Inside for Inpatient and Outpatient Orders was developed with Epic as part of the Workshop program,' said Dr. Shiv Rao, CEO and Co-founder of Abridge. 'Abridge and Epic continue to collaborate to enhance clinician experiences, ultimately helping them work at the top of their licenses.' About Abridge Abridge was founded in 2018 to power deeper understanding in healthcare. The enterprise-grade AI platform transforms medical conversations into clinically useful and billable documentation at the point of care, reducing administrative burden and clinician burnout while improving patient experience. With deep EHR integration, support for 28+ languages, and 50+ specialties, Abridge is used across a wide range of care settings, including outpatient, emergency department, and inpatient. Abridge's enterprise-grade AI platform is purpose-built for healthcare. Supported by Linked Evidence, Abridge is the only solution that maps AI-generated summaries to source data, helping clinicians quickly trust and verify the output. As a pioneer in generative AI for healthcare, Abridge is setting the industry standard for the responsible deployment of AI across health systems. Abridge was recently awarded Best in KLAS for Ambient AI segment in addition to other accolades, including 2025 Forbes AI 50 List, TIME Best Inventions of 2024, and Fortune's 2024 AI 50 Innovators. *Epic, Haiku, and Hyperspace are registered trademarks of Epic Systems Corporation.
CNBC
10-06-2025
- Business
- CNBC
47. Abridge
Founders: Shiv Rao (CEO), Zack LiptonLaunched: 2018Headquarters: Pittsburgh, PennsylvaniaFunding: $462.5 millionValuation: $2.7 billionKey Technologies: Artificial intelligence, generative AIIndustry: Health carePrevious appearances on Disruptor 50 list: 0 Skyrocketing rates of burnout among doctors during the pandemic highlighted a huge problem and patient risk. Abridge offers a generative AI platform that is designed to reduce physician burnout levels, a note-taking tool that doctors can rely on during conversations with patients, saving them valuable time that too often has been sucked up by documentation. "After I see a patient, I have to write notes, I have to place orders, I have to think about the patient summary," Abridge founder Dr. Shiv Rao told CNBC at a 2024 Healthcare Information and Management Systems Society conference. The Abridge technology, Rao said, "allows me to focus on the person in front of me — the most important person, the patient — because when I hit start, have a conversation, then hit stop, I can swivel my chair and within seconds, the note's there." Abridge's platform is able to structure these notes into draft medical records in outpatient, inpatient and emergency medicine settings. Doctors can then double check these generated visit summaries and medical orders before signing off on them. But Abridge is more than just a transcription tool. The platform is also able to match medical issues with insurance billing codes, along with drafting medical orders. With a feature called Linked Evidence, the information sources used to generate Abridge's medical summaries can be found and verified by physicians. In 2024, Abridge announced a new health system enterprise customer nearly every week, according to a report by Contrary Research. Some of Abridge's most recent customers include Mayo Clinic, Duke Health, UNC Health and Johns Hopkins Medicine. The company has partnered with Nvidia to further develop Abridge's ability to understand multilingual conversations between doctors and patients. The software is now able to recognize almost 100 languages. Abridge says that physicians who use its platform at River Health have seen as much as a 55% decrease in burnout. Burnout levels have come back down to pre-Covid levels, according to American Medical Association data, but it remains a huge issue in healthcare. In 2024, approximately 43% of physicians reported burnout, which was down from over 48% in 2022. Physicians are also at a higher risk for burnout compared to other U.S. workers, according to a study published in Mayo Clinic Proceedings. Abridge is just one of the many companies trying to make a name for itself in the booming market for AI medical scribing tools. Competition for Abridge ranges from other startups like Freed and Suki, to tech giants like Microsoft's Nuance Communications, which recently launched an interface update available in the U.S. and Canada. Fellow Disruptor Rad AI also offers written summaries as part of its AI tools for radiologists. "It'll be incumbent upon us to make sure that we're able to demonstrate differentiation," Rao told CNBC. "So far, we've had good luck these last few years doing that."
Yahoo
02-06-2025
- Business
- Yahoo
Andreessen Horowitz in Deal Talks Valuing Abridge AI at $5.3 Billion
(Bloomberg) -- Abridge AI Inc., a startup that uses artificial intelligence to transcribe medical conversations, is raising $300 million in a new funding round led by Andreessen Horowitz, according to people familiar with the matter. Billionaire Steve Cohen Wants NY to Expand Taxpayer-Backed Ferry Where the Wild Children's Museums Are Now With Colorful Blocks, Tirana's Pyramid Represents a Changing Albania The Economic Benefits of Paying Workers to Move NYC Congestion Toll Brings In $216 Million in First Four Months The round values the Pittsburgh-based company at $5.3 billion, including the investment, the people said, asking not to be identified because the information is private. The investment will nearly double Abridge's valuation from only a few months ago, and underscores the tech industry's interest in AI software that can make industries like health care more efficient. In February, the company announced it raised $250 million at a $2.75 billion valuation. Khosla Ventures is also participating in the new financing, the people said. A spokesperson for Abridge declined to comment. Representatives for Andreessen Horowitz did not respond to requests for comment. The Information earlier reported some details of the round. Abridge Chief Executive Officer Shiv Rao, a cardiologist-turned-founder, said earlier this year that part of his motivation to start the company was that his handwritten notes from patient meetings were often illegible. The inefficiency also made billing and summarizing patient interactions a nightmare. 'You end up feeling bad about yourself,' Rao told Bloomberg in an interview in February. 'Everybody ends up losing. What's been a game-changer is that, with Abridge, you just walk in the room, have the conversation, and you're present, making eye contact.' Investors have poured capital into AI startups since the advent of ChatGPT. Just last week, database technology startup ClickHouse Inc. nearly tripled its valuation to $6.35 billion in a funding round led by Khosla Ventures. Founded in 2018, the company initially struggled. Rao faced a wave of skepticism from his health care peers and doubts about the efficacy of AI tools. At one point, Rao feared the company's 'heartbeat was getting more and more faint.' Then came ChatGPT, and the rapid progress in the capabilities of generative AI tools, and Abridge became 'an overnight success, six or seven years in the making,' he said. Since then, the startup has raised more than $400 million in venture capital funding, as investors race to back application-layer AI startups that make language models like OpenAI's more useful for doctors, lawyers, salespeople and other professionals. Earlier backers of Abridge include IVP, Elad Gil, Spark Capital, Bessemer Venture Partners and Union Square Ventures. (Updates with recent AI deals from the 7th paragraph. A previous version corrected company spelling.) YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? Will Small Business Owners Knock Down Trump's Mighty Tariffs? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
American Military News
23-05-2025
- Health
- American Military News
Some doctors increasingly using artificial intelligence to take notes during appointments
It was easy to miss Dr. Robert Gray's quick movements, tapping the screen of his smartphone at the beginning and end of patient visits on a recent day. But Gray said those fast finger taps have changed his life. He was tapping an app that records discussions during his appointments and then uses artificial intelligence to find the relevant information, summarize it and zap it, within seconds, into each patient's electronic medical record. The technology was meticulously documenting each visit so Gray didn't have to. Orthopedic surgeon Robert Grayholds his iPhone after completing a visit with a patient at his office in the Endeavor Health medical building. (Stacey Wescott/Chicago Tribune/TNS) 'I enjoy working so much more,' said Gray, an Endeavor Health hand surgeon. He's no longer trying to consult with patients while simultaneously summarizing the visits on a computer. 'I don't have the feeling I got hit by a truck every day.' It's a technology that's spreading rapidly throughout doctors' offices in the Chicago area and across the country, and could soon become a standard part of medical appointments. Local health care leaders hope the technology will help combat physician burnout by dramatically cutting the amount of time doctors spend on documentation, and they hope it will improve patients' experiences. Doctors will be able to spend more time looking patients in the eye, rather than staring at computer screens during appointments, health care leaders say. 'It allows them to get home to be with their families or allows them to focus entirely on the patient,' said Dr. Nadim Ilbawi, system medical director of ambulatory innovation for Endeavor. About 50 of Endeavor's primary care doctors and specialists have been using the ambient listening technology, made by a company named Abridge, since September. Other local health systems have taken generative AI note-taking technologies even further. Orthopedic surgeon Robert Gray, left, examines the wrist and arm of patient Catherine Gregory while his phone listens and transcribes the conversation at Endeavor Health medical building. (Stacey Wescott/Chicago Tribune/TNS) Northwestern Medicine has about 300 of its physicians using a similar technology offered by Microsoft called DAX Copilot, and Rush University System for Health has about 100 clinicians using DAX Copilot as well as a technology made by another company. At UChicago Medicine, about 550 clinicians are using the Abridge technology, and about 1,300 providers are using DAX Copilot at Advocate Health Care in Illinois and Aurora Health Care in Wisconsin. Beyond Illinois, health care systems Kaiser Permanente and Johns Hopkins Medicine are among those who've agreed to offer Abridge across their systems. Now, the technologies are mostly being used in the Chicago area during appointments with patients in offices and clinics, but several local systems say they plan to soon offer them to doctors in emergency rooms, urgent cares and nurses and to those providing care to patients staying overnight in hospitals. Leaders at the systems say that, so far, they've seen positive results from using the technologies, and some say they hope to eventually offer them to all of their providers. 'It's going to become ubiquitous very soon,' said Dr. Nirav S. Shah, associate chief medical informatics officer for AI and innovation at Endeavor. So far, health systems say it's been optional for doctors, and they don't foresee forcing providers to use it. It's also optional for patients. Typically, the doctor or medical staff member will ask the patient for permission to use the technology at the start of the appointment. Generally, if the patient says it's OK, the doctor will then access it through an app on their phone. The doctor can tap their phone screen, and the app will start recording. The Abridge app records audio of the conversation and then transcribes it. The transcription is then sent to a cloud — neither the transcription nor the recording is stored on the doctor's phone. Artificial intelligence sorts the relevant parts of the conversation — such as discussion about medical and socioeconomic issues — from small talk and other irrelevant parts, creating notes about the appointment in the patient's electronic medical record. The doctor then reviews the notes in the medical record, making sure they're accurate, and can make changes before signing off on them. The audio or transcript of the appointment is eventually destroyed, leaving only the medical record behind. So far, Gray said he hasn't had any patients say no to the technology. Dr. Douglas Dorman, a family medicine physician at Advocate Health Care in Yorkville, said he's had fewer than 10 patients reject the idea since he started using the technology. Catherine Gregory, who saw Gray on a recent day after undergoing surgery for a broken arm, said it seemed like a good idea as a way to help doctors give patients more of their undivided attention. 'I'm for it,' said Gregory, 62, of Chicago, 'because I want his attention on me, especially if I'm in pain, like today. I don't want you to miss anything I'm saying about the pain I'm in.' Patient Robert Johnston, 61, of West Rogers Park, said he'd never heard of the technology before visiting Gray. At first, he worried it might be intrusive, especially if he were discussing a sensitive topic with a doctor. But he said he can also see how it could help doctors and patients have better relationships. 'It's a lot better when they're able to speak directly to me,' he said of doctors. 'As long as privacy concerns are protected, I think it's a great idea.' Local health systems said the companies they chose to supply the technologies had to meet the systems' security and privacy requirements. Breaches and cyberattacks have become common at health systems across the country in recent years. 'We take security very, very, very seriously so it was definitely evaluated strongly,' said Dr. Betsy Winga, vice president of medical informatics and chief medical informatics officer for Advocate Health Care and Aurora Health Care. She said she couldn't discuss the costs of the technology, but said, 'The benefit we have seen from it, from a clinician experience standpoint, is just priceless.' Overall, Dorman, with Advocate, said patients seem to appreciate it — or at least what it's meant for their interactions with him. Patients have told him he seems more relaxed and less stressed, he said. 'I get to come back to work each day refreshed, recharged, excited to be there,' Dorman said. 'I really think it improves my demeanor.' Doctors who've used the technology say, in some ways, it's helped them return to an earlier time in medicine, when they didn't have to spend as much time on documentation. A federal law passed in 2009 incentivized the use of electronic medical records as a way to make records more easily accessible, increase patient privacy and improve patient safety. Later the federal government began penalizing providers who didn't use them in a meaningful way. Doctors say that, over time, the amount of information they've had to enter in the records has grown. In many cases, that's left doctors with two choices: either try to document patients' visits during their appointments or finish their documentation at the end of the day, which can often mean hours of extra work. According to an American Medical Association survey, doctors in 2023 said they worked 59-hour workweeks, on average, and nearly eight hours of that time was devoted to administrative tasks. About 48% of the doctors who responded to the AMA survey reported experiencing at least one symptom of burnout. Doctors and health care leaders refer to time spent on administrative tasks outside of the workday as 'pajama time.' Northwestern saw a 17% decrease in pajama time among its clinicians who used the AI note-taking technology, and Advocate Health Care saw nearly a 15% reduction. Dorman, with Advocate, said he used to spend 20 to 25 hours a week working on documentation, after hours. He said he used to be the last one to leave the office each day. Now, he said he spends about 30 minutes a week on the task. He said the technology has been 'life-changing.' Before the technology, Dr. Melissa Holmes, a pediatrician at Rush, would type some of her notes during the day and others in the evenings, at home, after her kids went to bed. She said she's still doing some work in the evenings, but it takes much less time to check over and edit the AI notes than it did to type all of her own. The technology has also helped her be more present with her patients, she said. 'Before, I felt kind of tied to my computer screen because I didn't want to miss anything,' said Holmes, who is also an associate chief medical information officer for the system. 'Now, as a parent is pointing out something they're concerned about in a child, I can be at the bedside looking at it with the parent rather than typing it in and then looking at it.' ___ © 2025 Chicago Tribune. Distributed by Tribune Content Agency, LLC.
