What You Should Know:
– Rad AI, a leader in generative AI for healthcare, announced today it has raised $50M in Series B financing, bridging its total capital raised to over $80M.
– The round was led by Khosla Ventures, with participation from prominent investors including WiL (World Innovation Lab), ARTIS Ventures, OCV Partners, Kickstart Fund, and Gradient Ventures (Google’s AI-focused fund).
Revolutionizing Radiology Reporting
Rad AI’s solutions are already making waves in the healthcare industry. Used by over a third of US health systems and 9 of the 10 largest radiology practices, their technology saves physicians significant time and improves patient care.
Pioneering 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 consumes 75% of their time, often for reports on over 100 patients daily.
Leading the Way in AI-powered Reporting
Today, Rad AI offers cutting-edge solutions like Rad AI Reporting, the industry’s leading AI-powered tool for radiology reporting workflow. Additionally, Rad AI Continuity simplifies patient follow-up, with adoption by many of the nation’s largest health systems. Combined, these solutions positively impact nearly 50 million patients annually.
Reduced Burnout, Improved Care
Rad AI’s AI models take over 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’s solutions have seen:
- A dramatic increase (from 30% to over 85%) in patient follow-up rates for critical findings, ensuring timely diagnoses and treatment, especially for new cancers.
- Doubled report creation speed, often with a 90% reduction in dictated words, leading to less fatigue and burnout for radiologists.
- A near 50% reduction in report errors for complex cases, ultimately improving the quality of care provided.
“At Rad AI, we’ve built the most widely adopted generative AI solutions in healthcare, saving physicians time and improving patient care. Rad AI has become a mission-critical part of health system workflows over the past five years. This strategic funding round further cements our position as the leading AI-driven workflow platform in healthcare.”-Doktor Gurson, co-founder and CEO of Rad AI