PYMNTS.com January 5, 2025
Last year was a good one for artificial intelligence (AI)-powered medical note-taking apps.
Investment in these apps doubled in 2024, the Financial Times (FT) reported Sunday (Jan. 5), with tech giants and smaller startups scrambling to tap into a $26 billion AI healthcare market.
Startups focused on developing digital “scribes” for the health sector raised $800 million during the year, up from $390 million in 2023, the report said, citing data from PitchBook. Companies, the FT said, are rushing to introduce AI-powered products designed to make it quicker for doctors to take medical notes and bolster patient interactions.
“I don’t think I’ve ever seen anything more transformative in 15 years of healthcare than this,” Harpreet Sood, a primary care physician...
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