Predoc Secures $30 Million Series A to Automate Healthcare Information Management

New York, NY – Predoc, a health information management company, recently announced it has secured $30 million in combined Series A and seed funding. This significant investment aims to accelerate the company's mission to eliminate manual health information management (HIM) workflows, thereby freeing frontline healthcare staff to focus on direct patient care. The funding round was co-led by Base10 Partners, with participation from Northzone, ERA Ventures, and ENIAC Ventures.ENIAC Ventures, an early investor, expressed strong confidence in Predoc's approach, stating, "At @EniacVC we believe AI will revolutionize healthcare, improving quality while drastically cutting costs. That’s why we co-led Predoc’s seed, and we’re thrilled they’ve now raised a $30M Series A to eliminate manual HIM workflows and free frontline staff for patient care." This sentiment underscores the industry's growing recognition of AI's potential to transform healthcare operations.Founded in 2022 by Nishant Hari, Dr. Kaushal Kulkarni, Dr. Priya Mehta, and Alex Daniels, Predoc addresses the persistent challenge of fragmented medical records. The company's AI-powered platform automates the retrieval, organization, and analysis of patient medical records from diverse sources, including traditional methods like faxes, and integrates them into existing electronic health record (EHR) systems. This automation significantly reduces the administrative burden on healthcare providers.The newly secured capital will be strategically deployed to expand Predoc's capabilities in machine learning and data engineering, broaden its reach into additional healthcare workflows, and forge new partnerships with healthcare organizations. Predoc has already demonstrated substantial growth, reporting a 700% year-over-year revenue increase and supporting approximately 35 healthcare providers.Predoc's solution has shown tangible benefits, with customers experiencing up to a 75% reduction in record retrieval turnaround time and a 70% reduction in downstream clinical review time. Dr. Kulkarni, a co-founder, highlighted the problem Predoc solves, noting, "It can take weeks or months to get complete records, and hours to make sense of them." By streamlining these processes, Predoc aims to allow clinicians to dedicate more time to patient interaction and critical decision-making.