Augmedix Announces New Positive Data and Enhancements to Its Ambient AI Product, Augmedix Go
- Augmedix Go saves clinicians up to 1 hour per clinic day in medical documentation.
- The app supports over 50 medical specialties and produces real-time draft notes from natural conversations.
- Survey data reveals that 94% of clinicians find Augmedix Go helps them better focus on their patients.
- Augmedix Go integrates seamlessly with leading EHRs like Epic, Oracle Cerner, Meditech, and athenahealth.
- The app utilizes AI models and proprietary NLP to deliver high-quality notes that mimic clinician writing.
- CEO Manny Krakaris highlights the importance of automated solutions to address administrative burden and clinician burnout.
- None.
Insights
The integration of ambient AI technology in healthcare, as demonstrated by Augmedix's Go application, is a pivotal advancement that streamlines medical documentation. The reported time savings of up to one hour per day for clinicians is significant, potentially enhancing productivity within healthcare facilities. This reduction in administrative tasks could lead to an increase in patient throughput and a corresponding rise in healthcare service revenue.
Moreover, the high approval rating from clinicians suggests that the technology is well-received, which may drive further adoption. The seamless EHR integration is crucial for widespread adoption, as it minimizes disruption to existing workflows. The emphasis on quality notes and trust among clinicians could position Augmedix as a preferred provider in this niche market, possibly impacting its market share and stock valuation positively.
Augmedix Go's use of large language models (LLMs) and Google Cloud’s MedLM suite indicates a sophisticated approach to medical documentation. The utilization of multiple models for cross-checking can enhance the accuracy of medical notes, which is essential for patient care and legal compliance. The specialty-specific models and training using proprietary quality scoring rubrics are indicative of a tailored approach, likely resulting in higher-quality documentation that aligns with clinicians' needs.
The continuous feedback loop for improving note quality is a notable feature, suggesting an ongoing investment in product development. For stakeholders, this implies a commitment to innovation and quality, which may reflect in the company's long-term growth prospects.
The potential economic impact of ambient AI technologies like Augmedix Go on healthcare systems is multifaceted. By enabling clinicians to save time on documentation, more resources can be allocated to direct patient care, potentially improving healthcare outcomes and patient satisfaction. The reduction in clinician burnout could also decrease turnover rates, which are a significant cost burden to healthcare organizations.
From an economic standpoint, the scalability of such technology could lead to cost savings for healthcare providers by reducing the need for additional administrative staff. In the long run, this technology may become a standard in the industry, potentially influencing the overall cost structure of healthcare delivery.
New Data Shows Clinicians Save Up to 1 Hour or More per Day Using Augmedix Go
SAN FRANCISCO, March 12, 2024 (GLOBE NEWSWIRE) -- Augmedix (Nasdaq: AUGX), a leader in ambient AI medical documentation and data solutions, today announced new positive data and product enhancements for Augmedix Go, its ambient AI medical documentation product.
Now supporting over 50 medical specialties, the Augmedix Go mobile app optimizes ambient AI technology to produce comprehensive draft medical notes in real time by processing the natural conversations between clinicians and patients.
New data from survey responses from more than a dozen enterprise and independent healthcare organizations found that clinicians in ambulatory care settings save up to one hour or more per clinic day by using Augmedix Go. Additionally,
“Hospitals and health systems have a growing need for a fully automated solution that can deliver the high quality notes at scale that our suite of medical documentation products offer; we launched Augmedix Go in response to this market demand,” said Manny Krakaris, CEO of Augmedix. “The promising data and enthusiastic feedback we’re hearing from our customers reinforces our commitment to delivering ambient AI solutions that combat administrative burden and clinician burnout.”
Augmedix Go utilizes a collection of large language models (LLMs) for different note sections, including Google Cloud’s MedLM’s suite of medically-tuned models. This collection of LLMs is used in conjunction with Augmedix’s proprietary natural language processing (NLP) and structured data sets, bringing the most powerful generative AI capabilities to the healthcare industry. By utilizing multiple models that cross-check each other, Augmedix is delivering high quality notes that instill trust among clinicians.
“The Augmedix Go note reads like a clinician wrote it,” said Mary Kate Case, PA-C, heart and vascular care. “Other AI products I have used sound like a machine produced the note.”
Augmedix Go seamlessly integrates with leading EHRs, including Epic, Oracle Cerner, Meditech, and athenahealth, allowing for proper organization of previously unstructured documentation into appropriate clinical data domains. Go uses a problem-based note approach, with note content organized within the History of Present Illness (HPI) and Assessment and Plan (A&P) sections of the patient’s chart. This approach provides an effortless, intuitive note structure for easy review, unlike medical documentation products that lump note content from multiple problems into a single paragraph.
Leveraging experience from producing 10 million high-quality notes over 11 years, Augmedix has developed specialty-specific models that produce detailed medical notes for more than 50 acute care and ambulatory specialties. Augmedix Go uses proprietary quality scoring rubrics to train models that reflect the specialty-specific visit types, complaints, medical terminology, note sections, and organization. A feedback loop exists between the AI-generated content and human subject matter experts across all specialties to continuously improve note quality.
As an example, to help oncologists better focus on their patients, Augmedix Go automatically generates the HPI with oncologic history, the interval history with information from the last visit, a comprehensive physical exam including the ECOG (Eastern Cooperative Oncology Group) score, and an A&P that incorporates an impression detailing the status of disease and treatment plans.
Clinicians use Augmedix Go to support their individual workflows with features such as additional recordings for multiple interactions across a single patient visit. Behind the scenes, the platform stitches together the recordings to create a comprehensive and structured problem-based or visit-based note, depending on the specialty and organizational preferences. Over half of clinicians use this new feature.
About Augmedix
Augmedix (Nasdaq: AUGX) empowers clinicians to connect with patients by liberating them from administrative burden through the power of ambient AI, data, and trust.
The platform transforms natural conversations into organized medical notes, structured data, and point-of-care notifications that enhance efficiency and clinical decision support.
Incorporating data from millions of interactions across all care settings, Augmedix collaborates with hospitals and health systems to improve clinical, operational, and financial outcomes.
Augmedix is headquartered in San Francisco, CA, with offices around the world. To learn more, visit www.augmedix.com.
Forward-Looking Statements
This press release contains “forward-looking statements” that involve a number of risks and uncertainties. Words such as “believes,” “may,” “will,” “estimates,” “potential,” “continues,” “anticipates,” “intends,” “expects,” “could,” “would,” “projects,” “plans,” “targets,” “excited,” “optimistic,” and variations of such words and similar expressions are intended to identify forward-looking statements. Such forward-looking statements include, without limitation, statements regarding the time savings clinicians will experience with Augmedix Go; statements related to Augmedix Go allowing clinicians to save time and focus more on the patient; statements related to hospitals and health systems growing need for a fully automated solutions; statements regarding the level of satisfaction clinicians will experience with Augmedix Go; statements regarding Augmedix bringing the most powerful generative AI capabilities to the healthcare industry; and statements regarding Augmedix Go’s effortless, intuitive note organization. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in our most recent Form 10-K filed with the U.S. Securities and Exchange Commission on April 17, 2023, as well as other documents that may be filed by us from time to time with the U.S. Securities and Exchange Commission. The forward-looking statements included in this press release represent our views as of the date of this press release. We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.
Contact Information
Investors:
Matt Chesler, CFA
FNK IR
646-809-2183
augx@fnkir.com
investors@augmedix.com
Media:
Kaila Grafeman
Augmedix
pr@augmedix.com
FAQ
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