Key Highlights
- Pieces Technologies raises $25 million in growth financing to expand AI-driven clinical solutions.
- Children’s Health, Concord Health Partners, OSF HealthCare, and Rittenhouse Ventures participated in the round.
- Pieces has generated over 5.4 million clinical summaries for health systems as of September 2024.
- Patent-pending SafeRead platform ensures AI quality with clinician oversight.
- Focused on reducing provider burden and improving care through AI-generated documentation.
Source: PR Newswire
Notable Quotes
- “Our mission is to help those who help others. We are grateful that our investing partners recognize our work to help doctors, nurses and care managers free up valuable time so they can stay focused on care delivery at the bedside.” — Ruben Amarasingham, M.D., Chief Executive Officer at Pieces Technologies
- “At Children’s Health, we understand the importance of providing high-quality care in the most innovative ways possible.” — Robert Fries, Chief Financial Officer at Children’s Health
- “Pieces has been at the forefront of introducing AI-powered processes into the continuum of care ecosystem.” — Taylor Whitman, Partner at Concord Health Partners
SoHC's Take
The $25 million growth financing round highlights Pieces Technologies’ significant impact in transforming inpatient care with its clinical AI solutions. With participation from major health systems and top healthcare investors, the company is well-positioned to scale its AI-driven platform, which has already surpassed 5.4 million clinical summaries. Their AI advancements, particularly the SafeRead platform, address critical concerns around quality control in healthcare AI. This milestone emphasizes the healthcare industry’s growing trust in generative AI to enhance workflow efficiency, reduce provider burden, and ultimately improve patient care quality nationwide.
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