Layer well beingA chart evaluation firm that helps AI, introduced it has acquired $21 million in Collection A funding.
Outline enterprise to take part GV (Google Ventures), Flare Capital Companions and Multicare Capital Companions.
What does it do
Layer Well being’s AI platform is constructed on machine studying algorithms that simplify the chart evaluation course of from unstructured knowledge utilizing massive language fashions.
The corporate touts its AI to carry out higher in complicated chart abstractions and helps all main registries, together with cardiovascular and oncology registries and nationwide surgical procedure.
The know-how will be built-in into present merchandise and is designed to help in high quality measurement, planning of real-world proof, income cycle administration, high quality measurement and registry submission with out the necessity for tagged knowledge.
Layers will use investments to develop their AI platform and develop their workforce.
Market snapshots
Layer Well being developed from MIT, launched in 2023 $4 million in funding from GV (Google Ventures), Common Catalyst and Inception Well being.
Earlier this month, the corporate introduced that it had The American Most cancers Society (ACS) accelerates most cancers analysis.
ACS will use Layer Well being’s LLM-driven knowledge abstraction platform to acquire medical knowledge from medical charts of hundreds of ACS-study sufferers.
One other firm that makes use of pure language processing to investigate and summarize EHR is DigitalOwl.
digitalowl proposes $20 million in Collection A funding in 2022 acquired $12 million in funding from US insurance coverage large Reinsurance Group (RGA) final yr.
final yr, DigitalOwl collaborates with Quest Diagnostics Firm Rexone to enhance the effectivity of report retrieval and evaluation by DigitalOwl’s view merchandise. The examiner gives threat evaluation instruments for the life insurance coverage business by a set of providers designed to simplify the underwriting course of.
