EMERGING TECH
EMERGING TECH
EMERGING TECH
Augmedix Inc., a startup using Google’s Glass head-mounted computers, has raised $23 million in a new round of funding from investors McKesson Ventures, OrbiMed, Redmile Group, Emergence Capital and DCM Ventures.
Founded in 2012, Augmedix is seeking to “rehumanize” the physician-patient relationship by eliminating the time physicians spend on mandated electronic health record documentation. The company uses a Google Glass-powered remote scribe service that allows doctors to record mandated charting and documentation as they interact with patients as opposed to after the fact. In theory, that could allow doctors to see 25 percent more patients each week.
Using Augmedix and Google Glass, physicians retrieve patient medical history and document the patient visit without having to interact with a computer. The medical note is created in real time by remote scribes based in highly secure HIPAA-compliant facilities, essentially outsourcing the actual recording of the records to a third party through the input captured by the doctor. Once a consultation is over, the physician is able to review the note and a summary of the visit can be provided to the patient with care instructions.
“Augmedix is uniquely able to improve doctors’ quality of life by allowing them to concentrate on their patients rather than on data entry,” McKesson Ventures Special Vice Presidents and Managing Director Tom Rodgers said in a statement. “This makes their technology invaluable for settings like our U.S. oncology clinics.”
Hundreds of primary care doctors, specialists and surgeons are said to be using the service to serve thousands of patients each day, and Augmedix itself has grown to nearly 1,000 employees across the globe. In addition, it was named by Fast Company this year at the Most Innovative Healthcare Company in the U.S.
Including the new round, Augmedix has raised $63 million in funding to date. Previous investors included Catholic Health Initiatives, Dignity Health, Sutter Health and TriHealth.
The company said it would use the new funding to further scale up its service and build out its platform with tools and services that continue to drive improvements in physician productivity and patient care. It also plans to hire more professional scribes and open additional offices overseas.
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