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What you should know:
– Rad AIa leader in Generative AI for Healthcare, announced today that it has raised $50 million in Series B funding, bringing its total capital raised to more than $80 million.
– The tour was led by Khosla Ventureswith the participation of leading investors, including WiL (World Innovation Laboratory), ARTIS Ventures, OCV Partners, Start-up fundsAnd Degraded businesses (Google's fund focused on AI).
Revolutionizing radiology reporting
Rad AI's solutions are already making waves in the healthcare industry. Used by more than a third of U.S. health systems and 9 of the 10 largest radiology practices, their technology saves doctors significant time and improves patient care.
A pioneer of generative AI in healthcare since 2018, Rad AI automates report generation, allowing radiologists to customize reports with their own language and style. This frees them from the burden of dictation, a task that takes up 75% of their time, often reporting on more than 100 patients per day.
Leading the way in AI-powered reporting
Today, Rad AI offers industry-leading solutions such as Rad AI Reporting, the industry's leading AI-powered tool for the radiology reporting workflow. Additionally, Rad AI Continuity simplifies patient monitoring, with adoption by many of the nation's largest health systems. Together, these solutions positively impact nearly 50 million patients each year.
Reduced burnout, improved care
Rad AI's AI models support repetitive tasks like dictation and follow-up management. This frees up valuable time for physicians, reduces burnout, and allows them to focus on what matters most: providing exceptional patient care. Hospitals using Rad AI solutions have seen:
- A dramatic increase (from 30% to over 85%) in patient follow-up rates for critical results, ensuring rapid diagnoses and treatments, especially for new cancers.
- Doubled reporting speed, often with a 90% reduction in dictated words, leading to less fatigue and burnout for radiologists.
- Nearly 50% reduction in reporting errors for complex cases, improving the quality of care provided.
“At Rad AI, we have created the most widely adopted generative AI solutions in healthcare, saving doctors time and improving patient care. Rad AI has become an essential part of healthcare system workflows over the past five years. This strategic funding round further strengthens our position as the leading AI-enabled workflow platform in healthcare. » -Doktor Gurson, co-founder and CEO of Rad AI