Healthcare startup Pharos has recently launched an innovative AI solution aimed at streamlining the cumbersome process of submitting quality reports to external clinical registries by hospitals. The company has just completed a $5 million seed funding round led by Felicis, with participation from General Catalyst, Moxxie, and Y Combinator. In the current healthcare system, submitting quality reports to institutions such as the Centers for Medicare and Medicaid Services (CMS) is an extremely time-consuming task.

Recently, Abridge announced the successful raise of $150 million, with plans to better integrate generative AI technology into the healthcare industry. This startup focuses on transcribing conversations between doctors and patients, automatically organizing these records into electronic health records. Source Note: Image generated by AI, image courtesy of service provider Midjourney. As the healthcare industry faces staffing shortages, Abridge aims to help clinicians reduce administrative burdens by enhancing its technology. The company partners with electronic health record giant Epic.