What You Should Know:
– Suki, a provider of artificial intelligence (AI) technology for healthcare raises $70M in new funding, bringing its total funding to $165M.
– The investment, led by Hedosophia with significant participation from Venrock and existing investors, will fuel Suki’s continued growth and product development, solidifying its position as a leader in AI-driven healthcare solutions.
Suki’s Mission: Making Healthcare Technology Invisible and Assistive
Suki’s mission is to transform healthcare technology by making it seamlessly integrate into clinical workflows, reducing administrative burden and empowering clinicians to focus on patient care. The company’s AI platform powers two key solutions:
- Suki Assistant: An AI-powered voice assistant that streamlines clinical documentation, allowing clinicians to dictate notes, navigate EHRs, and access information hands-free.
- Suki Platform: A suite of developer tools that enables technology partners to integrate AI capabilities into their own healthcare solutions.
Exponential Growth and Strategic Partnerships
Suki has experienced rapid growth, with numerous health systems and hospitals adopting or expanding their use of Suki’s solutions in recent months. The company’s strategic partnerships with leading EHR providers, including Epic, Oracle Cerner, MEDITECH, and Athena, further demonstrate its commitment to seamless integration and interoperability.
Investing in Innovation and Expansion
This new funding will enable Suki to:
- Accelerate Product Development: Expand beyond its existing offerings with new AI-powered solutions to address evolving healthcare needs.
- Drive Commercial Initiatives: Increase market reach and adoption of Suki’s solutions across various healthcare settings.
- Expand Leadership Team: Strengthen its leadership team with experienced professionals to guide its growth trajectory.
Suki Assistant: Transforming Clinical Documentation
Suki Assistant is designed to alleviate the administrative burden on clinicians by:
- Generating notes ambiently: Automatically capturing clinical conversations and generating accurate notes.
- Simplifying coding: Assisting with accurate and efficient medical coding.
- Answering clinical questions: Retrieving relevant information from the EHR to support clinical decision-making.
Suki Assistant’s flexibility and comprehensive features have contributed to its high adoption rate, with health systems reporting significant improvements in note completion time, documentation quality, clinician well-being, and revenue capture.
Suki Platform: Empowering Technology Partners
Suki Platform provides developers with the tools to build AI-powered voice experiences into their healthcare solutions. This platform is used by various organizations, including EHR vendors, telehealth companies, and clinical communication providers, to enhance their offerings with AI capabilities.
“We are in a new phase of growth,” said Punit Soni, CEO and founder of Suki. “The healthcare industry is clamoring for AI and we are proud to offer a suite of full-featured solutions that seamlessly interoperate with existing tools. With the support of our investors, we’ll accelerate our growth, diversify Suki’s capabilities, and deepen relationships with strategic partners such as MedStar Health, one of the most important collaborators in Suki’s history. MedStar Health was fundamental in helping us build essential capabilities including our bidirectional and seemingly ‘invisible’ EHR integration, which is why we have the highest clinician adoption rates in the industry. Together, we have demonstrated how a technology company and health system can meaningfully innovate together and advance physician well-being and patient care.“
