I'm a senior writer at Forbes covering healthcare technology, and I also write the InnovationRX newsletter. I was previously a healthcare reporter for POLITICO covering the European Union from Brussels and the New Jersey Statehouse from Trenton. I was a 2019-2020 Knight-Bagehot Fellow in business and economics reporting at Columbia University.
The funding, which values Abridge at $850 million, will go towards R&D efforts to help fill in the gaps of what doctors don’t say during patient exams.aul Ricci built a billion-dollar healthcare technology business selling dictation tools to doctors so they wouldn’t have to type patient notes as the former CEO and chairman of Nuance Communications. But when it comes to betting on the next generation of the tech, he’s backing a different horse: a six-year-old startup called Abridge.
Abridge has already built in-house AI models to recognize speech, process language and structure medical notes. Now, it wants to build software to make the note more useful, Rao said. As an example, the team is working on extracting information from the notes to tee up orders for imaging or medication.
Abridge is currently competing head-to-head with Nuance for the 2,700 hospital customers that use electronic health records industry giant Epic Systems. Both Abridge and Nuance are co-developing technology with Epic as part of a specialcalled “Workshop.” The two companies currently compete with each other, but in the future they may also have to take on Epic itself if the EHR company starts developing similar technology in-house.
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