One thing that pandemic has taught us is that healthcare management can make or break an economy. Even in this time-driven industry diagnoses, treatments and procedures are often held up on paper works. Notable offers the much-needed RPA-based automation systems to help patients and clinicians stay in sync with the timeline. The startup has recently announced a growth round of $100 million considering the potential it possesses as per lundentechcrunch. The company has a ready market for its offerings. The customer base is anticipated to be in the hundreds, including huge networks like Intermountain Healthcare and CommonSpirit Health.
The healthcare industry on average accounts for $1.1 trillion in administrative expenditure. The solution described as “administrative overhead” has already automated tens of thousands of workflows. Notable has existing customers, across some 350 locations, and is growing exponentially. The startup is mostly active in the U.S. but is planning to take its technology to other markets as well as to the segments that are adjacent to the healthcare industry such as health insurance, in coming years. Pranay Kapadia, the co-founder, and CEO of Notable confirmed that the current round has raised the valuation of the company to $600 million.
Notable uses robotic process automation coupled with API integrations along with other technologies to speed up specific administrative work. The solution offered by the company connects the dots in a healthcare regiment. Notable has even built a solution that can help people sign up for the COVID-19 vaccination slot. Kapadia even highlighted that as the pace of vaccinating is slowing down, Notable is finding a more sustained impact on the healthcare experiences of the patients. Their solution has not just improved the healthcare experiences of the patients but for the providers too. Caroline Xie, the general partner at ICONIQ Growth, stated that the vision of Notable resonated with them as Physicians these days spend more time in front of computers than they spend in front of patients. Thus, digital transformation and enriching patient-provider interactions with intelligent automation are a must-have today.
