Notable raises $ 100 million to automate administrative tasks

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Doctors spend over an hour of “pajama time” after work, enter information into health record systems. To remedy this, some startups are automating redundant tasks, seeking to free up time for clinicians and reduce administrative costs.

Notable, a startup that analyzes vendor EHR systems to identify automated workflows, recently raised $ 100 million in funding led by ICONIQ Growth. Founder Pranay Kapadia, former product manager for Intuit’s consumer credit app Mint, started the business after talking to his wife about the amount of paperwork she faced in her job as a doctor. .

The San Mateo-based startup can automatically notify patients when it needs to collect information before the visit, for example, or to help them schedule appointments or procedures.

They can also manage payment-related tasks, including submitting pre-authorization requests and contacting patients about collections. For healthcare systems, this means less staff needed for data entry and call centers.

So far, Notable has won over a few large clients. They include Intermountain Healthcare, Houston Methodist, and CommonSpirit Health.

“Doctors today spend more time in front of their computers than in front of patients,” Nicholas Desai, Houston Methodist medical information director, said in a press release. “By automating the administrative tasks that clinicians are required to perform, Notable enables us to exercise at the highest level of our license and better serve patients in our communities. “

The startup plans to use the funds to expand access to its platform to more vendors and to improve the capabilities of its platform.

It faces competition from other fast growing companies. Olive, another company that uses software to automate administrative tasks, was valued at over $ 4 billion in a recent funding round.

Photo: drogatnev, Getty Images


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