Notable Hopes to Advance AI in Healthcare With New Series B Raised Funding of $100 Million

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The sad truth is that many healthcare professionals still engage in time-consuming, manual workflows that incur annual administrative costs of more than $1 trillion.

The Co-Founder and CEO  of Notable, Pranay Kapadia said,  By utilizing AI, Notable can complete this administrative work—which includes developing clinical documentation and inserting billing codes for the processing of insurance claims—in less than 700 minutes as per notable ai 100m parizoventurebeat.

The investment is indicative of a wider industry trend toward the use of AI to enhance patient care and expedite procedures.

Increase patient service without increasing staffing with the top platform for intelligent automation, you can digitize patient intake, scheduling, authorizations, and more. Everything Notable do. A 2017 company, notable from the people it hires to the products it creates, is guided by its core principles.

They serve as a barometer for the group Notable is assembling as well as a compass for its journey to use intelligent automation to revolutionize healthcare.

According to a recent Emerging Technology Spotlight performance report from KLAS Research, Notable, the top intelligent automation firm for healthcare, has received positive client feedback. Both the “Executive engagement” and the “Likely to suggest” categories of the report gave Notable an A +.

Benefits Of Artificial Intelligence For Healthcare 

The COVID-19 pandemic has raised patient expectations for a digital-first experience, and the “great resignation” has left every industry, including healthcare, short-staffed. These factors have increased the demand for AI. According to Kapadia, technology must deliver 10 times the efficiency at a fifth of the price.

 Artificial intelligence is already making a difference for the better. Already, machines like those made by Kheiron Medical can analyze mammograms for breast cancer better than people. Limbic remarked that these “are the kinds of disruptive technologies that have an influence and enhance the way we live.”

Will AI Offer Every Diagnosis?

There are several reasons for opposition, including the ego of the doctor, concerns about malpractice and who is responsible, and ethical problems with AI, such as whether the data is biased, he added. Without taking into consideration the specific patient’s circumstances, the data may show, for instance, that patients of one race don’t require as much medication as patients of a different race.

According to Wachter, there won’t be a true “AI moment” because AI will first focus on easier problems like workflows before moving on to more challenging ones like diagnosis and prognosis. “You begin with business and operational issues, where the stakes are lower.”Instead, AI will complement what doctors are doing and offer options, such as triage, but will ultimately leave the choice up to the doctor.

Chris Larkin, chief technology officer at Concord Technologies, remarked, “I envisage AI working discreetly behind the scenes of the busy clinician.” “The models will keep collecting information on patient diagnosis and trajectories and will update the practitioner as needed. This functions more like contemporary avionics that supports the aircraft pilot. 

Larkin did the patient’s diagnosis and said that AI can help the nurses prioritize their tasks so they can be attended to first. Despite the advantages AI offers the healthcare sector, people will always be required and AI does not want to completely replace them.

“Despite all the AI in the world, [there is still] a certain amount of empathy that comes with health care,” said Kapadia, adding that AI isn’t required for certain tasks, such as soothing a little child who has a sore throat.

The Reasons Why Current Scheduling Technology Falls Short Of Expectations

Health facilities have up until now relied on a hodgepodge of call centers and basic digital technologies to conduct the patient booking process. As a result, a health system can only respond to patient requests for care that come in from the outside.

All appointment kinds cannot be scheduled using the current digital tools. Patients are required to call for appointment scheduling because some treatments or providers have special booking requirements.

Because of their difficulty in effectively matching patients and providers and the wide range of provider preferences, current digital solutions have also failed to win over providers. The tools that are currently in use rely on call center agents to manually schedule appointments.

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Amount Garners $99m Funding With A Valuation Of More Than $1b

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