The U.S. healthcare system spends nearly $1.5 trillion each year on administrative overhead, and much of it is tied to clinical documentation. For physicians, that means hours spent each week turning patient conversations into billing-ready notes, navigating coding protocols, and responding to auditors often well after the visit ends.
“The last thing we should ask of doctors is to become experts in reimbursement,” said Dr. Shiv Rao, co-founder and CEO of Abridge. “We’ve built systems that go to coding school, risk adjustment school, utilization management school so doctors don’t have to.”
Abridge, the Pittsburgh- and San Francisco-based startup, has raised $300 million in Series E funding led by Andreessen Horowitz, with participation from Khosla Ventures, bringing its to
Abridge Valued at $5.3 Billion Following $300 Million Series E Led by Andreessen Horowitz
- By Anshika Mathews
- Published on
We’re here to make clinical documentation disappear into the background.
