Erez Druk, co -founder and CEO of Freed.
With kind permission: freed
For Erez Druk, who worked for almost four years FacebookBuilding Health Care Startup Freed was literally a love work.
Druk's wife, Dr. Gabi Meckler works in a joint clinic in Northern California, where she takes care of children and adults, and gives babies in a local hospital. If Meckler is not flooded with paper stuff, medical documents and related documents are constantly updated.
“I was put into the world of the clinicians,” said Druk in an interview. “One day it was like 'Hey Gabi, what should we build for you?' And she said: 'Make my notes for me.' “
Druk worked as a software engineer on Facebook until the start of his previous startup Urbanleap in 2017. He Castle Urbanleap, which focused on software for public procurement, in 2022 and started the following year together with Andrey Bannikov, which had spent the previous decade on Facebook.
Freed offers an AI writer who automates the clinical notification process in real time when doctors take your visits to patients. The company sells the technology directly to individual clinicians, often in small or independent practices, for 99 US dollars per month and begins to work with whole practices, said Druk.
On Wednesday, Freed announced a financing round of $ 30 million under the direction of Sequoia Capital, a high train for a company that increases its first institutional capital. The company also announced new functions such as formatting, preliminary vote and specific templates for custom grades. Freed said it plans to create additional functions, e.g. B. the automation of coding and other billing cycle functions.
According to a study in October from Google Cloud, clinicians spend almost nine hours a week with documentation. A study by Athenahalth last year came to the conclusion that administrative tasks are an essential reason for burnout, since 64% of the doctors feel overwhelmed by the requirements for office representatives.
The doctors are responsible for the execution of paper groups, including the tedious and time -consuming process of clinical notes that contain detailed records of patient visits.
Druk wants to automate as much of this process as possible so that doctors can spend more time with patients and maybe also with their family.
From the end of February, 17,000 clinicians around the world will use around 2 million patient visits every month, he said.
“It has just spread,” said Druk. “It was really about my wildest expectations.”
Overcrowded field
Druk is not the only one who sees the opportunity.
The KI writing market has exploded in recent years because the health systems have been looking for tools that can help to fix the administrative burnout. Freed competes against tech giants like Microsoftas well as startups such as moving and suki that have developed similar tools.
Josephine Chen, a partner at Sequoia, said the overcrowded market reflects the severity of the problem. She said Freeed's writing tool concentrated on smaller, independent offices.
“Freeds approach is unique because most of the companies we see serve another market segment,” said Chen.
Natalie Desseyn said Freed was the reason why she still works as a nurse in psychiatry.
Desseyn sees about 250 patients in a practice called Cloud Break therapy in Virginia. She has been using Freeed for about two years and paid for it herself. Without her, she said she would not be able to see patients on such a large scale, if at all.
“I'm not here and write here, so people really feel heard,” said Desseyn. “I can't tell you all the possibilities, it has literally changed my life.”
Dessey has tried a few other AI writing tools, but she said she always comes back to Freed. She said his model was better to keep things precisely, stick to the facts and avoid foreign comments in the notes.
Meckler, Druk's wife, said that the documentation is what she didn't like most when she practiced medicine. She said Freed felt like “magic” when she used it for the first time.
Previously, Meckler said she would spend about half of her day with notes. Individual tasks that used to take 15 minutes, they approached two, she said.
“I expect great things from Erez, but I was still shocked,” said Meckler.
Druk said he and his 50-member team are concentrating on building up the business and its product portfolio this year. He said he was still obliged to create a platform that doctors and his wife like to use.
“It is really the most fulfilling and important work I have ever done and will probably ever do,” he said.
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