{"id":493115,"date":"2021-05-13T09:04:08","date_gmt":"2021-05-13T13:04:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/medical-prodigy-deepscribe-lands-5-2m-seed-funding-for-life-changing-ai-assistant\/"},"modified":"2021-05-13T09:04:08","modified_gmt":"2021-05-13T13:04:08","slug":"medical-prodigy-deepscribe-lands-5-2m-seed-funding-for-life-changing-ai-assistant","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/medical-prodigy-deepscribe-lands-5-2m-seed-funding-for-life-changing-ai-assistant\/","title":{"rendered":"Medical Prodigy DeepScribe Lands $5.2M Seed Funding for\u00a0Life-Changing AI Assistant"},"content":{"rendered":"

\nBee Partners and Industry Ventures lead investment in breakthrough\u00a0ambient AI solution for medical scribing
\n<\/h2>\n
\n

SAN FRANCISCO, May 13, 2021 (GLOBE NEWSWIRE) — DeepScribe today announced a $5.2M seed round led by Bee Partners with participation from Industry Ventures and Stage II Capital along with existing investors Tsingyuan Ventures, 1984 Ventures, Wavemaker 360, Supernode Ventures, Skydeck, Plug and Play and Sequoia Scout Fund, providing new backing for the world\u2019s first ambient AI medical scribe.<\/p>\n

Launched in 2019, DeepScribe delivered a much-needed breakthrough for the medical industry, saving doctors from a crushing burden of paperwork amid the transition to electronic health records (EHRs).<\/p>\n

Studies show that for every hour doctors spend with patients, they spend two on documentation, usually late at night or on weekends. Doctors routinely cite paperwork as one of the main sources of unhappiness with their job, even before the pandemic drove thousands<\/u><\/a> to early retirement.<\/p>\n

The result: doctors feel rushed and burnt out. Patients feel unheard and uninformed, with their doctors spending only two minutes on average making eye contact, the rest bent over their notes.<\/p>\n

\u201cI saw it with my own mother,\u201d said DeepScribe cofounder Matthew Ko. \u201cShe was seriously ill and deeply worried. And to make it worse, she felt like her doctors weren\u2019t listening. It wasn\u2019t their fault. They were just doing what they had to do. But it had a real impact on her state of mind and her experience of care.\u201d<\/p>\n

As a child, DeepScribe cofounder Akilesh Bapu saw the same process play out from the physician\u2019s point of view. \u201cMy father wanted to spend more time with us in the evening, but he just couldn\u2019t. The paperwork was always there after dinner and on weekends. You could tell how exhausting it was. He felt like he was never done.\u201d<\/p>\n

It\u2019s a $25 billion dollar problem other solutions have failed to crack. Human scribes can take weeks or months to train and cost too much for mass adoption. Other AI scribes are prone to error, need explicit instruction and only capture the physician\u2019s side of the conversation.<\/p>\n

DeepScribe is the first AI solution to deliver the best of both worlds: the affordability and convenience of an automated scribe with out-of-the box accuracy that equals or surpasses that of human assistants.<\/p>\n

DeepScribe\u2019s secret is a unique AI model developed at UC Berkeley\u2019s AI Research Lab, which combines classical rule-based natural language processing (NLP) with modern deep learning techniques. The result is an uncannily effective \u2018ambient AI\u2019 that captures both sides of doctor-patient interactions and distils them to their essence without the doctor\u2019s intervention. No wake words. No instructions. While the doctor focuses on the patient, DeepScribe listens in the background, takes notes and automatically summarizes the entire conversation into a compliant note in the doctor\u2019s EHR system.<\/p>\n

DeepScribe isn\u2019t just accurate. Its summaries are almost infinitely customizable, allowing doctors to create precisely tailored notes: long sentences or short, conversational or official, a summary of everything discussed or just what\u2019s medically relevant \u2014 whatever the doctor prefers. DeepScribe interfaces seamlessly with major EHR platforms including AdvancedMD, AthenaHealth, Claimpower, Elation, DrChrono and PracticeFusion.<\/p>\n

For all its power, DeepScribe is almost effortless to use. Doctors can be up and running in a day with no need for AI training. Within 5 days, doctors are typically using DeepScribe for all their patients. Within 20 days, they\u2019re saving 3 hours a day, reducing time spent per appointment by 80% and eliminating after-hours work.<\/p>\n

“I’ve evaluated pretty much every AI scribe out there, even some that aren\u2019t on the market, and DeepScribe is something special,” said Jack O’Hara, CIO of Springfield Clinic. “It\u2019s more accurate than a human scribe at one-sixth the cost, and it just works right out of the box. It’s a truly remarkable product.”<\/p>\n

DeepScribe users report spending twice the amount of time in each appointment talking with their patient instead of using the computer. They\u2019re seeing more patients, providing better care and regaining precious time for their own well-being.<\/p>\n

\u201cDeepScribe has been amazing for my patients and my practice,\u201d said Houston, Texas, MD Everald Manning. \u201cMy patients love that I can focus on them rather than a screen, and my family loves that I\u2019m not stuck writing notes late into the evening. It\u2019s what the future of medicine should look like.\u201d<\/p>\n

Word has spread fast, with DeepScribe in use at medical facilities across the spectrum from private practices to major health centers, and with new user acquisition growing 66% a month. In just the past year 400 providers have adopted DeepScribe\u2019s technology, generating some 500,000 notes.<\/p>\n

\u201cThe value of DeepScribe goes much deeper than note-taking,\u201d said DeepScribe cofounder Akilesh Bapu. \u201cIt\u2019s about giving doctors the freedom to focus on caregiving and give patients their full attention. Studies show that patient satisfaction is directly correlated with facetime with their physicians. That\u2019s what we mean when we talk about bringing the joy of care back to medicine. It\u2019s about restoring that relationship between doctor and patient.\u201d<\/p>\n

\u201cWe believe deeply in the work DeepScribe is doing and the change it is leading in the U.S. healthcare system,\u201d said Bee Partners\u2019 Michael Berolzheimer. \u201cFrom the moment the customer begins to use the DeepScribe product they save hours a day in administrative tasks so they can focus instead on doing the important work they trained for. This not only has a significant impact on healthcare professionals themselves, but on their ability to spend more time caring for their communities. At no point in time have we seen the need for that more than we do now, and we are immensely proud to be a part of this evolution.\u201d<\/p>\n

To experience the revolution in ambient AI, visit DeepScribe<\/u><\/a> for a demo today.<\/p>\n

\n About DeepScribe<\/strong>
\n
DeepScribe is ambient AI for medical note-taking, delivering effortless accuracy, custom-tailored output and the affordability of an automated solution. Founded by Akilesh Bapu, Matthew Ko and Kairui Zeng, and based on technology developed at UC Berkeley\u2019s AI Research Lab, DeepScribe brings the joy of care back to medicine, freeing doctors from the burden of paperwork and giving them their time back for what really matters: their patients and their families. Based in the San Francisco Bay Area, DeepScribe is backed by investors including Bee Partners, Industry Ventures, Tsingyuan Ventures, 1984 Ventures, Wavemaker 360, Supernode Ventures, Skydeck, Plug and Play and Sequoia Scout Fund.<\/p>\n

\n Media Contact<\/strong>
\n
Chris Ulbrich
Firebrand Communications for DeepScribe
415-848-9175
deepscribe@firebrand.marketing<\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Bee Partners and Industry Ventures lead investment in breakthrough\u00a0ambient AI solution for medical scribing SAN FRANCISCO, May 13, 2021 (GLOBE NEWSWIRE) — DeepScribe today announced a $5.2M seed round led by Bee Partners with participation from Industry Ventures and Stage II Capital along with existing investors Tsingyuan Ventures, 1984 Ventures, Wavemaker 360, Supernode Ventures, Skydeck, Plug and Play and Sequoia Scout Fund, providing new backing for the world\u2019s first ambient AI medical scribe. Launched in 2019, DeepScribe delivered a much-needed breakthrough for the medical industry, saving doctors from a crushing burden of paperwork amid the transition to electronic health records (EHRs). Studies show that for every hour doctors spend with patients, they spend two on documentation, usually late at night … <\/p>\n

Continue reading “Medical Prodigy DeepScribe Lands $5.2M Seed Funding for\u00a0Life-Changing AI Assistant”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-493115","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMedical Prodigy DeepScribe Lands $5.2M Seed Funding for\u00a0Life-Changing AI Assistant - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/medical-prodigy-deepscribe-lands-5-2m-seed-funding-for-life-changing-ai-assistant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Medical Prodigy DeepScribe Lands $5.2M Seed Funding for\u00a0Life-Changing AI Assistant - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Bee Partners and Industry Ventures lead investment in breakthrough\u00a0ambient AI solution for medical scribing SAN FRANCISCO, May 13, 2021 (GLOBE NEWSWIRE) — DeepScribe today announced a $5.2M seed round led by Bee Partners with participation from Industry Ventures and Stage II Capital along with existing investors Tsingyuan Ventures, 1984 Ventures, Wavemaker 360, Supernode Ventures, Skydeck, Plug and Play and Sequoia Scout Fund, providing new backing for the world\u2019s first ambient AI medical scribe. 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