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Notable co-founder and Chief Executive Pranay Kapadia argued that his platform can also help lessen the impact of the healthcare industry’s staffing crisis, which he said has created an “overwhelming administrative burden” that threatens the ability of some hospitals to deliver high-quality care.
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“By automating all of the administrative tasks that clinicians are required to perform, Notable empowers us to practice at top of license and better serve patients in our communities.” Nicholas Desai, chief medical information officer at Houston Methodist. “Physicians today spend more time in front of their computer than in front of patients,” said Dr. Of course, the proof is in the pudding, and Notable claims an impressive list of healthcare providers using its platform, including CommonSpirit Health and Intermountain Healthcare. The platform also helps to alleviate burdensome tasks for clinicians, such as creating clinical documentation or adding billing codes, Notable said.
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The system automatically notifies patients whenever the healthcare provider needs information, thereby reducing the need for manual phone calls, paper forms and data entry. Notable says its “unified digital patient experience” can help healthcare organizations to automate almost every patient interaction, including scheduling appointment, registration, post-visit follow up and payment collection.
By using AI instead of human workers to perform thousands of these tasks, Notable reckons it’s able to eliminate more than 700 hours of administrative work per clinician per year. It reckons such tasks cost the healthcare industry more than $1 trillion in administrative costs every year. The startup says its services can be useful to an industry that’s plagued by repetitive, manual workflows. Notable, the leading intelligent automation company for healthcare, today announced a 100M Series B funding round led by ICONIQ Growth, including participation by Greylock, F-Prime Capital, and. Notable’s platform can almost be thought of as robotic process automation for the healthcare industry, relying on “digital assistants” to complete administrative tasks by clicking fields, updating records and uploading files, just as a human would do.
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So, for example it might help to collect patient pre-visit registration information, submit a prior authorization request, or reach out to patients who have missed an appointment or are otherwise overdue for care. It then tries to identify automated workflows it can perform. The company has created a platform that leverages artificial intelligence to scan electronic health record systems and other applications. Notable provides intelligent automation to the healthcare industry. The round into Notable, officially named Zealth Inc., was led by ICONIQ Growth with participation from Greylock Ventures, Oak HC/ FT and F-Prime, bringing Notable’s total amount raised so far to $119.2 million. Healthcare automation firm Notable is hoping to expand after raising a hefty $100 million Series B funding round today.
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