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Wednesday, October 5, 2022

Notable Raises $100 Million Series B in Funding Led by ICONIQ Growth

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Notable is an artificial intelligence-powered healthcare start-up that simplifies and digitizes every physician-patient interaction. Notable is building automation systems completed a $100 million Series B financing led by ICONIQ Development, with Greylock, F-Prime Investment, and Oak HC/FT participating.

The funding follows the growing adoption of Notable’s technology throughout hundreds of care facilities. Notable simplifies the documentation of doctor’s appointments as well as the maintenance of electronic medical records. Natural language processing and speech recognition are used by the organization to continuously capture doctor-patient conversations and arrange the data for incorporation into a patient’s medical history.

Notable Funding News

The Intelligent automation startup firm Notable specializing in health care officially confirmed a $100 million series B fundraising phase. The investment, spearheaded by ICONIQ Growth and financed by Greylock, Oak HC/FT, and F-Prime, will be employed to extend access to additional providers of healthcare and improve capabilities, allowing partners to obtain a greater return on investment.

The investment is part of a bigger ongoing trend toward employing artificial intelligence to enhance healthcare care and expedite workflows. Notable is already being used by care facilities such as Intermountain Healthcare and CommonSpirit Health, and it streamlines everything including patient registration and check-in to post-visit follow-up, as well as preparing clinical records and inserting treatment plans.

Notable Working And Their Mission

Adam Ting, Justin White, and Pranay Kapadia launched the company in 2017. It is currently doing operations as Zealth Inc. It is a new upstart with competence in areas such as artificial intelligence, pharmaceuticals, healthcare monitoring, and information systems. Their objective is to improve health care coverage, affordability, productivity, and empathy. Notable employs advanced analytics to alleviate the enormous regulatory burden that challenges healthcare’s viability.

Notable’s Core Values

Notable’s basic beliefs guide everything they do, from who they recruit to what they develop. They are a representation of the firm’s operations, and they serve as a north star, guiding people toward their objective of improving healthcare through automation technologies.

Notable Rethink What’s Feasible.

They strive to go above and beyond what is acknowledged as best practice, establishing new benchmarks in technological advancements, industrial design, and client service. Notable intentionally pursue the most difficult opportunities, understanding that this is where they can have the greatest impact on clients, clinicians, and staff.

Obsessed With The Result

Notable Can Help You Accelerate Growth, Enhance Outcomes, And Reduce Expenses. Notable is obsessed with the achievements they achieve on a daily basis, from the achievements they generate for collaborators, clients, and clinicians to the influence their initiatives have on the company’s value. They don’t engage in innovation for the sake of innovation and hold themselves personally liable to their clients for generating revolutionary ROI.

Notable promises the delivery of demonstrable ROI in as little as four weeks, and their technology may be installed in as little as four weeks. They guarantee the achievement of the solutions that are most relevant to your firm via their unique implementation approach and cooperation strategy.

Success Stories

Intermountain Healthcare

Intermountain’s patients, like numerous others, signed in by completing our registration forms on a clipboard, with many inquiries duplicated across multiple types of documents.

This procedure, in addition to decelerating the check-in procedure, caused a significant number of menial tasks for employees, who had to physically scan health insurance cards and advance directive papers into the EHR, as well as enter information into the appropriate spaces.

Notable employs “digital assistants” who conduct repetitive medical and administrative chores in the same way that humans do, allowing Intermountain to connect more individuals in need of treatment while streamlining the tedious and usually sophisticated operations needed for a regular patient visit.

Fort Healthcare

Prior to working with Notable, Fort HealthCare’s outpatient surgical center was dealing with a backlog of past entitlements that was twice the size of the personnel on-site.

Fort HealthCare has witnessed more individuals actually complete their registrations by digitizing and automating the entire process using Notable, citing a 74% digital completion rate. This has also led to a 5% decrease in cancellations. Notable handles permission queries for Athena Blue Cross and Humana on the backend.

Notable Financials

Notable has raised an aggregate of $119.2 million in capital over four stages. Their most recent revenue comes from a Series B playoff on November 3, 2021. Notable is supported by six investors. The most prominent funders are Oak HC/FT and ICONIQ Development. According to PrivCo, Notable has a post-money assessment of $500M to $1B as of November 3, 2021 as per lundentechcrunch.

Conclusion

Notable is a healthcare system start-up that streamlines and serializes every physician-patient engagement. The entirely automated startup specializing in health care has formally confirmed a $100 million series B funding round. It is a young company with specialist knowledge in artificial intelligence, pharmaceutical industries, remote monitoring, and systems engineering.

They don’t innovate simply for the sake of it, and they hold themselves directly accountable to their service users for actually producing groundbreaking ROI. They help ensure attainment by providing the most appropriate interventions to your company through their distinctive methodology and collaboration strategy.

FAQs

What is Notable?

Notable is an AI-powered healthcare start-up that simplifies and digitizes every physician-patient communication.

What does it simplify?

It simplifies the documentation of doctor’s appointments as well as the maintenance of electronic medical records.

How do they do it?

Natural language processing and speech identification are used by the organization to continuously capture doctor-patient conversations and arrange the data for incorporation into a patient’s medical history.

How much money has it raised till now?

Notable has raised an aggregate of $119.2 million in capital over four stages.

How much was its post-money valuation?

Notable has a post-money assessment of $500M to $1B as of November 3, 2021.

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