INTRODUCTION
Abridge is a company that uses the AI(artificial intelligence) to help doctors by automatically writing the medical notes. In just four months, the companies value had doubled from $2.75 billion to $5.3 billion after raising a large amount of money from the investors. This rapid growth is because of its early start in the market and its partner ship with “Epic Systems” a major software used in hospitals in the first quarter (Q1) of the year it reached $117 million in contracted annual recurring revenue(ARR) the was company founded by a Heart Doctor named Shiva Rao
From Startup to $5.3 Billion Star in just Months
Abridge had made head lines by its massive growth in the medical field In just four months, the company’s value doubled from $2.75 billion to $5.3 billion. This happened after it raised $300 million in a new round of funding called Series E. Big investment firms like Andreessen Horowitz and Khosla Ventures gave the money.Abridge is now seen as a top company in the AI medical scribe space. One reason for its success is that it works directly with Epic Systems, which is the most widely used software in U.S. hospitals for managing patient records.
What makes the Abridge Different from others
Unlike the other platforms Abridge has developed “custom AI models” specifically for the clinic documentation. This includes its own “speech recognition engine” and “large language models” trained on over 1.5 million medical encounters. the next thing is its Deep Integration with Epic Abridge is the first Generative AI Scribe fully embedded inside Epic(The most widely used electronic health record) is the widely using EHR in the US that means Doctors don’t need to use the another apps its works right where they actually are.
How the Abridge works
Abridge isn’t just about the note-taking its evolving into mind revenue cycle company its notes are so detailed and structured that they can function as insurance ready billing documents stream lining the entire document process to payment process The AI medical scribe is a digital assistant powered by artificial intelligence that listens to doctors-patient conversations and automatically creates medical notes saving doctors time
Massive Scale and Specialty Coverage
Abridge is getting used by 150+health systems and with supports 55 medical specialists, it can be operated in 28 languages and it is expected to handle 50+million medical conversations this year
Epic is used by over 60% of U.S hospitals making it widely adopted EHR system in the country. That’s why its integration is such a big deal it gives Abridge access to huge network of Health care providers.
Conclusion
Technology in health is often clunky and frustrating. Abridge hits different it’s smart seamless and built with empathy who use it Abridge isn’t just riding the AI wave its shaping the future of how healthcare gets documented want to know how to use the EPIC https://youtu.be/iC1SjqAutUI?si=612KXDf5PGu8xQEb just go through this ……