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Abridge Secures $300M to Embed Revenue Cycle Intelligence into Clinical Conversations
- Abridge secures $300M in Series E funding led by Andreessen Horowitz to embed revenue cycle intelligence into clinical conversations.
- The funding will accelerate efforts to transform care delivery, documentation, and reimbursement from the point of care.
- U.S. healthcare annually spends around $1.5 trillion on administrative costs, with a significant portion linked to clinical documentation and revenue cycle management.
- Abridge's platform integrates revenue cycle intelligence into clinical conversations to streamline documentation and billing processes, reducing clinician burden and improving reimbursement speed.
- The Contextual Reasoning Engine within Abridge supports the latest guidelines and risk adjustment models, ensuring compliant documentation during patient conversations.
- By capturing relevant HCC codes and evidence during conversations, the platform facilitates accurate claims submission without the need for post-visit queries, aiming to expedite reimbursement cycles and reduce denials.
- Abridge has successfully deployed its AI platform in 150 large health systems, serving conversations in various specialties and languages.
- The platform is expected to support over 50 million medical conversations this year, with over 90% of clinicians continuing to use it after adoption.
- Abridge aims to alleviate the documentation burden on clinicians, allowing them to focus on patient care with its background signal activation and complexity handling.
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