Close Menu
The Elite TimesThe Elite Times
  • Home
  • Entrepreneur
  • Finance
  • Fund
  • Investment
  • Marketing
  • Stock
  • World
  • Business

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

March 29, 2024

Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

March 29, 2024
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Elite TimesThe Elite Times
  • Home
  • Entrepreneur

    21 Great Business Ideas for Nurse Entrepreneurs

    March 27, 2024

    EY announces 18 female entrepreneurs selected for EY Entrepreneurial Winning Women™ Asia-Pacific class of 2024 | EY

    March 27, 2024

    Victims of Baltimore bridge collapse include father of three and budding entrepreneur

    March 27, 2024

    Until April 2nd, get great discounts with lifetime access to this stock market app

    March 27, 2024

    Secure and reliable project management support for $25

    March 27, 2024
  • Finance

    Rocket Pharmaceuticals Announces Appointment of Aaron Ondrey as Chief Financial Officer and Additional Updates to Corporate Leadership Team

    March 26, 2024

    Reddit ignites resurgence in meme stocks, further sign of ‘bull market on all fronts’

    March 26, 2024

    Walmart stock plummets, retail giant expected to see further growth

    March 26, 2024

    Stocks soar as Wall Street looks to continue breaking records

    March 26, 2024

    Stocks soar as Wall Street looks to continue breaking records

    March 26, 2024
  • Fund

    Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

    March 29, 2024

    Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

    March 29, 2024

    The LDP slush fund scandal: What will make po

    March 29, 2024

    City of San Antonio seeks dismissal of Reproductive Justice Fund lawsuit

    March 29, 2024

    Clashes expected between Biden fundraisers and President Trump during preview visit to New York

    March 29, 2024
  • Investment

    Amazon (NASDAQ:AMZN) accelerates investment in humanity and accelerates AI drive

    March 28, 2024

    Recent trends in Kazakhstan’s investment situation

    March 28, 2024

    City of South Bend shares plans for Madison Lifestyle District with more than $330 million in private investment

    March 28, 2024

    OKX Ventures announces strategic investment in MyShell, a pioneer in AI-integrated Web3 technology

    March 28, 2024

    Reform of the EU Foreign Direct Investment Screening Regulation – How might M&A Transactions be impacted? | Mayer Brown

    March 28, 2024
  • Marketing

    Premium hospitality is on fire

    March 27, 2024

    S&P 500 sets record as Wall Street emerges from lull

    March 27, 2024

    DevvStream Announces Multi-Year Agreement to Sell CFR Credits with Major Logistics and Marketing Company

    March 27, 2024

    Global online dating services market by service (casual dating, matchmaking, niche dating), subscription (annual, monthly, quarterly), age group, and gender

    March 27, 2024

    Tower Federal Credit Union Receives Two CUNA Diamond Awards for Creative Excellence in Marketing

    March 27, 2024
  • Stock

    Forget Tesla: We think the ‘Magnificent Seven’ should replace this stock

    March 27, 2024

    Forget about Tesla: One of the unstoppable artificial intelligence (AI) stocks belongs to the ‘Magnificent Seven’ instead

    March 27, 2024

    2 Artificial Intelligence (AI) Stocks with Potential for Parabolic Growth

    March 27, 2024

    Mr. Powell’s comment

    March 27, 2024

    What you need to know about Trump Media’s stock debut

    March 27, 2024
  • World

    Take a look inside the New York Stock Exchange, the world’s largest stock market

    March 26, 2024

    China challenges Biden’s electric vehicle plan at World Trade Organization

    March 26, 2024

    Wolfspeed joins Senator Thom Tillis and key officials to conquer world’s largest and most advanced silicon carbide facility

    March 26, 2024

    Amy Brenneman, Raviv Ullman, Jeremy Love, cast and others in ‘Galilee’ world premiere, 34 years old

    March 26, 2024

    These beauty brands are among the most innovative companies in the world

    March 26, 2024
  • Business

    Canadian business leaders say housing should be a top federal budget priority

    March 27, 2024

    The power of mentorship in business

    March 27, 2024

    Los Angeles County business owner forced to pay damages after SWAT raid

    March 27, 2024

    Chinese President Xi meets with foreign business leaders amid economic uncertainty | Business and Economic News

    March 27, 2024

    China’s Xi Jinping meets with US business leaders in Beijing

    March 27, 2024
The Elite TimesThe Elite Times
Home»Business»Surrounding clinical documentation attracts attention
Business

Surrounding clinical documentation attracts attention

The Elite Times TeamBy The Elite Times TeamMarch 16, 2024No Comments8 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email

[ad_1]

Attendees at HIMSS 2024 in Orlando, Florida.

Provided by HIMSS

This technology allows doctors to consensually record meetings with patients. Conversations are automatically converted into clinical notes and summaries using artificial intelligence. Companies such as Microsoft’s Nuance Communications, Abridge, and Suki are developing solutions with these capabilities, which they claim can reduce administrative workload for physicians and prioritize meaningful connections with patients. There is.

“After seeing a patient, you have to write notes, place orders, and think about the patient brief,” Dr. Shiv Rao, founder and CEO of Abridge, told CNBC at HIMSS. Told. “What our technology does is it allows us to focus on the person in front of us, the person that matters most: the patient, because when we press start, we have a conversation, and then we press stop. Because you can rotate the chair within seconds”, the note is there. ”

Administrative workload is a major problem for clinicians across the U.S. health care system. More than 90% of physicians report feeling burnt out “on a regular basis,” largely due to the administrative tasks they are required to complete, according to a study published by Athena Health in February. It’s for the sake of it.

According to the survey, more than 60% of physicians said they were overwhelmed with administrative demands and were working an average of 15 hours a week outside of their regular work hours to keep up. Many in the industry refer to this work-from-home experience as “pajama time.”

Administrative tasks are largely bureaucratic and do not directly influence physicians’ decisions regarding diagnosis and patient care, making it one of the first areas in which health systems have begun seriously considering the application of generative AI. As a result, ambient clinical documentation solutions have truly seen the light of day.

“There’s no better place to be,” Kenneth Harper, general manager of DAX Copilot at Microsoft, said in an interview with CNBC.

Microsoft’s Nuance announced its ambient clinical documentation tool Dragon Ambient eXperience (DAX) Express in preview functionality last March. By September, the solution, now called DAX Copilot, became generally available. Harper said more than 200 organizations are currently using the technology.

Microsoft acquired Nuance in 2021 for approximately $16 billion. The company set up his two-story exhibition booth in the exhibition hall, which was often crowded with attendees.

Harper said the technology can save doctors several minutes per visit, but the exact numbers vary by specialty. He says his team receives feedback about the service almost every day from doctors who say it has helped them care for themselves and even saved their marriages.

Harper recounted a conversation he had with a doctor who was considering retiring after more than 30 years of service. The doctor was exhausted after years of stress, but he said he was motivated to continue his work after being introduced to DAX Copilot.

“He said, ‘I’m literally going to practice for another 10 years because I really enjoy what I do,'” Harper said. Just a personal anecdote about the impact it’s having on the care team.”

At HIMSS, Stanford Health Care announced the implementation of DAX Copilot across the enterprise.

Gary Fritz, director of applications at Stanford Healthcare, said the organization initially started by testing the tool in its lab. He said that when Stanford University recently surveyed doctors about their use of DAX Copilot, 96% said it was easy to use.

“I don’t think I’ve ever seen numbers this big,” Fritz said in an interview with CNBC. “That’s a big deal.”

Dr. Christopher Sharp, chief medical information officer at Stanford Health Care and one of the physicians who tested DAX Copilot, said DAX Copilot is “very seamless” to use. He said the tool’s immediacy and reliability are accurate and powerful, but there is room for improvement in capturing patient tone.

Sharp said he believes the tool has saved him time creating documents and changed the way he uses that time. For example, he said he often reads and edits notes rather than creating them, so the work isn’t completely gone.

In the short term, Sharp said he wants to further enhance the personalization capabilities within DAX Copilot, both on a personal and professional level. Still, he said it was easy to see the value from the beginning.

“The moment you get that first document back and see your own words and the patient’s own words reflected back to you in a usable way, you’re hooked. “Yes,” Sharp told CNBC. In an interview.

Fritz said it’s still early in the product lifecycle and Stanford Healthcare is considering exactly what implementation will look like. He said DAX Copilot will likely be rolled out in specialized tranches.

Attendees at HIMSS 2024 in Orlando, Florida.

Provided by HIMSS

In January, Nuance announced the general availability of DAX Copilot within Epic Systems’ electronic health records (EHR).Most doctors use their EHR to create and manage patient medical records, but Epic It is the largest vendor by U.S. hospital market share, according to a May report from KLAS Research.

By integrating a tool like DAX Copilot directly into a physician’s EHR workflow, physicians no longer have to switch between apps to access it, Harper says, saving time and further reducing administrative burden. .

Seth Hayne, Epic’s senior vice president of research and development, told CNBC that more than 150,000 memos have been drafted. Since last year’s HIMSS conference, ambient technology has been incorporated into the company’s software. And technology is expanding rapidly. Hayne said more memorandums have already been drafted in 2024 than in 2023.

“We’re now seeing health systems that have gone through a deliberate process of acclimating their end users to this type of technology begin to deploy it rapidly,” he said.

A company called Abridge also integrates ambient clinical documentation technology directly within Epic. Abridge declined to reveal the exact number of healthcare facilities using its technology. California-based UCI Health announced at HIMSS that it is deploying its solution system-wide.

Abridge CEO Rao said he feels the speed at which the healthcare industry is adopting ambient clinical documentation is “historic.”

In October, Abridge announced a $30 million Series B funding round led by Spark Capital, and four months later, the company closed a $150 million Series C round, according to a February release. Rao said tailwinds such as physician burnout have become a “tornado” for Abridge, and he hopes to use these funds to continue investing in the science behind the technology and where it can go next. He said he would explore.

Rao said the company is saving some doctors as much as three hours a day and has automated more than 92% of the administrative tasks it focuses on. He added that Abridge’s technology is utilized in his 55 areas of expertise and in his 14 languages.

Abridge has a Slack channel called “love stories,” which was viewed by CNBC. There, the team will share the positive feedback they have received about the technology. One of his messages this week was from a doctor who said that Abridge has eliminated his least favorite part of his job and saved him about an hour and a half each day.

“Feedback like this is definitely an inspiration to everyone in the company,” Rao said.

Suki CEO Punit Soni said the ambient clinical documentation market is “fast and furious.” He said he expects rapid growth to continue over the next few years, but like any hype cycle, he thinks it will eventually subside.

Soni founded Suki more than six years ago with the hypothesis that digital assistants would be needed to help doctors manage clinical documents. Soni said Suki is currently being used in more than 30 specialties in about 250 health organizations across the country. He added that six “large health systems” have deployed Suki in the past two weeks.

“For four or five years, I basically sat there with the store open and hoping someone would come. Now the whole mall is here, and there are signs outside the door saying they want to expand. There are lines of people,” Soni told CNBC at HIMSS. . “I’m very, very excited to be here.”

According to Suki’s website, its technology can reduce the time doctors spend on documentation by an average of 72%. The company raised $55 million in a funding round led by March Capital in 2021. Soni said it is likely to raise more funds later this year.

Soni said Suki is focused on deploying its technology at scale and exploring further applications, such as how surrounding documents can be used to assist nurses. Ta. He said Spanish will be coming to his Sukis soon, and customers should expect most major languages ​​to follow.

“There’s a lot of things that need to happen,” he said. “In the next 10 years, healthcare technology will all look very different.”

[ad_2]

Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleAnalysis: Amazon sellers say their businesses are facing extinction
Next Article Delta Blues Museum receives “Building Endowments for the Arts” grant – The Local Voice
The Elite Times Team
  • Website

Related Posts

Canadian business leaders say housing should be a top federal budget priority

March 27, 2024

The power of mentorship in business

March 27, 2024

Los Angeles County business owner forced to pay damages after SWAT raid

March 27, 2024
Leave A Reply Cancel Reply

Demo
Latest Posts

21 Great Business Ideas for Nurse Entrepreneurs

March 27, 2024

EY announces 18 female entrepreneurs selected for EY Entrepreneurial Winning Women™ Asia-Pacific class of 2024 | EY

March 27, 2024

Victims of Baltimore bridge collapse include father of three and budding entrepreneur

March 27, 2024

Until April 2nd, get great discounts with lifetime access to this stock market app

March 27, 2024
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss

The Chamber’s “Business After Hours” event brings together business and industry interests that share a common goal – Grand Forks Herald

By The Elite Times TeamDecember 31, 2023

[ad_1] Editor’s note: The following is part of an occasional Herald series about how Grand…

Business Profile: Skradski Family Funeral Homes looks to the future | News, Sports, Jobs

January 2, 2024

Jeffrey Epstein’s court documents released without name

January 4, 2024

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Demo
About Us
About Us

Welcome to [Your Website Name], your go-to source for comprehensive information on funds, investments, and the latest in stock news. We are dedicated to providing you with accurate, insightful, and up-to-date content to empower your financial decisions.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Help comes to Fort Worth businesses affected by explosion – NBC 5 Dallas-Fort Worth

March 29, 2024

Lawmakers claim ‘irresponsible’ withdrawal from Endowment Fund proceeds to pay full dividends

March 29, 2024
Most Popular

Visionary Entrepreneur Manuel Manzoni and International Taxation Expert Marco Scardeoni Partner to Drive Global Expansion through GCC Advisors

April 16, 2024

Teenage Girl Finds Mom’s Debit Card, Spends $64,000 on Mobile Games

January 9, 2020

Apple’s Beats Studio Pro Headphones Listed in FCC Database Ahead of Launch

January 10, 2020
© 2025 theelitetimes. Designed by theelitetimes.
  • Home
  • About us
  • Contact us
  • DMCA
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.