Google Glass startup Augmedix has closed a $17 million strategic round of funding led by Redmile Group, with participation from the founding institutional investors Emergence Capital and DCM Ventures. The money was also provided by five leading healthcare systems from across the U.S, including Sutter Health, Dignity Health, Catholic Health Initiatives (CHI), TriHealth and one more. Together, these organizations have over 100,000 healthcare providers who treat millions of patients nationwide.
The funds will help the company and its investors scale Augmedix's service across health systems and private clinics nationwide. Said service is designed to free doctors from hours of mandated charting and documentation so they can get back to their core responsibility – taking care of patients.
Augmedix's service also enhances doctor-patient interaction, increases patient satisfaction, reduces inefficiencies and keeps focus on patient needs."We believe that delivering quality, personalized patient care shouldn't be at odds with maintaining state-of-the-art electronic health records (EHR) — both are important," Ian Shakil, CEO of Augmedix, said in a statement. "With our wearable solution, healthcare organizations have the technology tools necessary to drive EHR efficiencies, enhance services and improve patient care, all at the same time."
Beyond making life easier for doctors, Augmedix's service also enhances doctor-patient interaction, increases patient satisfaction, reduces inefficiencies and keeps focus on patient needs. The company now serves hundreds of primary care doctors, specialists and surgeons in nearly all 50 states who together see approximately 5000 patients a day. The company has grown to nearly 400 employees in offices worldwide.
Augmedix has received $40 million in venture funding to date.