{"id":4350,"date":"2016-04-27T16:02:18","date_gmt":"2016-04-27T10:02:18","guid":{"rendered":"https:\/\/bbf.digital\/new\/?p=4350"},"modified":"2017-09-09T22:56:17","modified_gmt":"2017-09-09T16:56:17","slug":"google-glass-startup-augmedix-secures-17-million-strategic-investment-from-five-leading-health-systems","status":"publish","type":"post","link":"https:\/\/bbf.digital\/new\/google-glass-startup-augmedix-secures-17-million-strategic-investment-from-five-leading-health-systems","title":{"rendered":"Google Glass Startup Augmedix Secures $17 Million Strategic Investment from Five Leading Health Systems"},"content":{"rendered":"<h4 style=\"text-align: justify;\"><span style=\"text-decoration: underline; font-size: 14pt; color: #808080;\"><span style=\"font-family: Arial, Helvetica, sans-serif;\">Highlights:<\/span><\/span><\/h4>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: Arial, Helvetica, sans-serif; color: #000000;\">Google Glass Startup Augmedix Secures $17 Million Strategic Investment from Five Leading Health Systems.<\/span><\/li>\n<li><span style=\"font-family: Arial, Helvetica, sans-serif; color: #000000;\">Major Healthcare Systems, including Sutter Health, Dignity Health, CHI and TriHealth, to Scale Augmedix EHR Charting Service Across Their Organizations with a Mission to Rehumanize the Doctor-Patient Relationship<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 12pt; color: #000000;\">Augmedix, Inc., the parent company of Augmedix BD Limited announced that it has closed a $17 million strategic round of funding that includes investments from five leading healthcare systems from across the U.S, including: Sutter Health, Dignity Health, Catholic Health Initiatives (CHI), TriHealth Inc. and one more. They gave this announcement on April 25, 2016 at SAN FRANCISCO. Together, these organizations have over 100,000 healthcare providers who treat millions of patients nationwide.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 12pt; color: #000000;\">Today\u2019s strategic round will enable Augmedix and its investors to scale the Google Glass-powered service across health systems and private clinics nationwide. The service frees doctors from hours of mandated charting and documentation so they can get back to the work they love: taking care of patients.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 12pt; color: #000000;\">Redmile Group led the strategic round, with participation from the founding institutional investors Emergence Capital and DCM Ventures. Augmedix has received $40 million in venture funding to date.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 12pt; color: #000000;\">\u201cWe take our mission to transform healthcare very seriously, and are proud to align our goals and service with some of the most innovative healthcare systems in the country who share our passion,\u201d said Ian Shakil, CEO of Augmedix. \u201cWe believe that delivering quality, personalized patient care shouldn\u2019t be at odds with maintaining state-of-the-art electronic health records (EHR) &#8212; both are important. With our wearable solution, healthcare organizations have the technology tools necessary to drive EHR efficiencies, enhance services and improve patient care, all at the same time.\u201d<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 12pt; color: #000000;\">\u201cI have spent nearly a decade evaluating and investing in leading health IT companies,\u201d said Kevin Spain, general partner at Emergence Capital. \u201cThere are few technology solutions in healthcare that deliver both the level of customer delight and meaningful ROI that Augmedix provides. Today\u2019s announcement is further validation that Augmedix has created a groundbreaking solution to one of the biggest challenges in healthcare today.&#8221;<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 12pt; color: #000000;\">Augmedix adoption benefits doctors and patients alike:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 12pt; color: #000000;\"><span style=\"color: #808080;\"><strong>Enhances Doctor-Patient Interaction<\/strong><\/span> &#8211; Increases patient satisfaction,reduces inefficiencies and keeps focus on patient needs &#8212; not technology<\/span><\/li>\n<li><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 12pt; color: #000000;\"><span style=\"color: #808080;\"><strong>Improves EHR Quality<\/strong><\/span> &#8211; Delivers better, more accurate documentationand rigorous quality assurance<\/span><\/li>\n<li><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 12pt; color: #000000;\"><span style=\"color: #808080;\"><strong>Saves Doctors Time<\/strong><\/span> &#8211; Reduces charting time by three hours per day,enables doctors to see additional patients and\/or reclaim saved time<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 12pt; color: #000000;\">\u201cAt Dignity Health, we are committed to developing partnerships that harness the great potential of technology and apply it in ways that help patients and providers make better day-to-day decisions about care,\u201d said Dr. Davin Lundquist, chief medical information officer, Dignity Health. \u201cThe use of Google Glass and Augmedix allows our doctors to spend more time with patients by eliminating the distraction of entering information into a patient\u2019s electronic medical record on the computer. This enables our healthcare providers to give more focused attention to our patients and results in a better patient experience.\u201d<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 12pt; color: #000000;\">\u201cAs we strive to create the high-quality, high-value healthcare experience our patients expect from Sutter Health, new technology tools and services allow us to innovate in ways that deliver a more efficient, affordable and personalized level of care,&#8221; said Dr. Albert Chan, Sutter Health\u2019s Vice President, Chief of Digital Patient Experience. \u201cWearable technology holds tremendous promise, especially for enhancing the office visit experience. We are committed to partnering with our patients, and value how our growing network of digital health innovators helps strengthen those patient-doctor relationships in new ways.\u201d<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 12pt; color: #000000;\">Augmedix now serves hundreds of primary care doctors, specialists and surgeons in nearly all 50 states who together see approximately 5000 patients a day. The company has grown to nearly 400 employees in offices worldwide.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 12pt; color: #000000;\">\u201cToday\u2019s investment by this unprecedented number of leading health care systems signals strong confidence in Augmedix and its disruptive mission to rehumanize the doctor-patient relationship,\u201d said Peter Moran, general partner of DCM Ventures.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000;\">[spacer color=&#8221;344CC2&#8243; icon=&#8221;Select a Icon&#8221; style=&#8221;1&#8243;]<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; color: #808080;\"><strong>About Augmedix<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; color: #000000;\">Augmedix is the first and largest Google Glass startup of any kind. Its service frees doctors from mandated charting, allowing them to focus instead on patient needs and quality care. Before entering the exam room, a doctor dons Google Glass and then proceeds to talk with patients, rather than burying their head in a computer screen. Forms, health history, lab orders, prescriptions and more are completed effortlessly using a remote scribe, verbal notes and commands. The service is HIPAA-compliant, works with all EHRs and increases doctor productivity by more than 30 percent. For more information, visit\u00a0<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.augmedix.com\/\">www.augmedix.com\/<\/a><\/span>.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #808080; font-family: Arial, Helvetica, sans-serif;\"><strong>About Sutter Health<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; color: #000000;\">Serving patients and their families in more than 100 Northern California cities and towns, Sutter Health doctors, not-for-profit hospitals and other healthcare Service providers share resources and expertise to advance health care quality and access. The Sutter Medical Network includes many of California\u2019stop-performing, highest quality physician organizations as measured annually by the Integrated Healthcare Association. Sutter-affiliated hospitals are regional leaders in cardiac care, women\u2019s and children\u2019s services, cancer-care, orthopedics and advanced patient-safety technology. For more information about the not-for-profit Sutter Health network visit:\u00a0<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.prweb.net\/Redirect.aspx?id=aHR0cDovL3d3dy5zdXR0ZXJoZWFsdGgub3Jn\">Sutterhealth.org<\/a><\/span>\u00a0|<span style=\"color: #0000ff;\"> <a style=\"color: #0000ff;\" href=\"http:\/\/www.prweb.net\/Redirect.aspx?id=aHR0cDovL3d3dy5mYWNlYm9vay5jb20vc3V0dGVyaGVhbHRo\">facebook.com\/sutterhealth<\/a><\/span> |\u00a0<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.prweb.net\/Redirect.aspx?id=aHR0cDovL3d3dy55b3V0dWJlLmNvbS9zdXR0ZXJoZWFsdGg=\">youtube.com\/sutterhealth<\/a><\/span> |\u00a0<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.prweb.net\/Redirect.aspx?id=aHR0cDovL3d3dy50d2l0dGVyLmNvbS9zdXR0ZXJoZWFsdGg=\">twitter.com\/sutterhealth<\/a><\/span>.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; color: #808080;\"><strong>About Dignity Health<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; color: #000000;\">Dignity Health, one of the nation\u2019s largest health care systems, is a 21-state network of 9,000 physicians, 59,000 employees, and more than 400 care centers, including hospitals, urgent and occupational care, imaging centers, home health, and primary care clinics. Headquartered in San Francisco, Dignity Health is dedicated to providing compassionate, high-quality, and affordable patient-centered care with special attention to the poor and under-served. In FY15, Dignity Health provided $1.7 billion in charitable care and services. For more information, please visit our website at\u00a0<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.dignityhealth.org\/\">www.dignityhealth.org<\/a><\/span>. You can also follow us on\u00a0<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/twitter.com\/DignityHealth\">Twitter<\/a><\/span> and\u00a0<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.facebook.com\/dignityhealth\">Facebook<\/a><\/span>.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; color: #808080;\"><strong>About Catholic Health Initiatives<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; color: #000000;\">Catholic Health Initiatives, a nonprofit, faith-based health system formed in 1996 through the consolidation of four Catholic health systems, expresses its mission each day by creating and nurturing healthy communities in the hundreds of sites across the nation where it provides care. The nation&#8217;s second-largest nonprofit health system, Englewood, Colorado-based CHI operates in 19 states and comprises 103 hospitals, including four academic health centers and major teaching hospitals as well as 30 critical-access facilities; community health-services organizations; accredited nursing colleges; home-health agencies; living communities; and other facilities and services that span the inpatient and outpatient continuum of care. In fiscal year 2015, CHI provided almost $970 million in charity care and community benefit &#8211; an 8% increase over the previous year &#8212; for programs and services for the poor, free clinics, education and research. Charity care and community benefit totaled more than $1.6 billion with the inclusion of the unpaid costs of Medicare. The health system, which generated operating revenues of $15.2 billion in fiscal year 2015, has total assets of approximately $23 billion. Learn more at\u00a0<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/www.catholichealthinitiatives.org\/\">www.catholichealthinitiatives.org<\/a><\/span><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #808080; font-family: Arial, Helvetica, sans-serif;\"><strong>About TriHealth<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Arial, Helvetica, sans-serif; color: #000000;\">TriHealth is hospitals, physicians and the community working together to help people live better. We provide clinical, educational, preventive and social programs through Bethesda North, Bethesda Butler, TriHealth Evendale, Good Samaritan and McCullough-Hyde hospitals and more than 130 other locations throughout Greater Cincinnati. This includes an ambulatory network, physician practices, research division, employer-based health services, hospice care, and fitness and health facilities. Learn more <span style=\"color: #0000ff;\">at<a style=\"color: #0000ff;\" href=\"http:\/\/trihealth.com\/\">trihealth.com<\/a><\/span>,<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/facebook.com\/TriHealth\">Facebook.com\/TriHealth<\/a><\/span>, @TriHealth on Twitter,<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/pinterest.com\/TriHealth\">Pinterest.com\/TriHealth<\/a><\/span> and at\u00a0<span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/youtube.com\/TriHealth\">YouTube.com\/TriHealth<\/a><\/span>.<\/span><\/p>\n\n    <div class=\"xs_social_share_widget xs_share_url after_content \t\tmain_content  wslu-style-1 wslu-share-box-shaped wslu-fill-colored wslu-none wslu-share-horizontal wslu-theme-font-no wslu-main_content\">\n\n\t\t\n        <ul>\n\t\t\t        <\/ul>\n    <\/div> \n","protected":false},"excerpt":{"rendered":"<p>Highlights: Google Glass Startup Augmedix Secures $17 Million Strategic Investment from Five Leading Health Systems. Major Healthcare Systems, including Sutter Health, Dignity Health, CHI and TriHealth, to Scale Augmedix EHR Charting Service Across Their Organizations with a Mission to Rehumanize the Doctor-Patient Relationship Augmedix, Inc., the parent company of Augmedix BD Limited announced that it [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":4354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,44,7],"tags":[],"class_list":["post-4350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brand-broadcast-prs","category-innovation-articles","category-tech-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v25.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Google Glass Startup Augmedix Secures $17 Million Strategic Investment from Five Leading Health Systems<\/title>\n<meta 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