84.5 million Americans, or one in four, are affected by skin disease, which costs the US health care system $75 billion in medical, preventative, and prescription and non-prescription drug costs. Meanwhile, nearly 50% of dermatologists have reported burnout.
To help alleviate this, ModMed, a company on a mission to place doctors and patients at the center of care through an intelligent, specialty-specific cloud platform, announced the upcoming launch of ModMed Scribe, an AI-powered ambient listening solution built by dermatologists for dermatologists.
Trained on a repository of specialty-specific data, including de-identified case notes sampled from over 500 million real patient-provider interactions, ModMed Scribe is able to understand the unique challenges and complexities of dermatology, with the goal of making EHR documentation faster workflows in order to enhanced patient care in dermatology.
ModMed, which is is currently used over 40,000 providers, uses clinical data sets to build intelligent software solutions, including specialty-specific EHRs, Practice Management, Revenue Cycle Management and Analytics solutions, as well as products for patient engagement, payment processing, and marketing.
ModMed Scribe integrates with the company’s EMA (Electronic Medical Assistant), a cloud-based electronic health record (EHR) system that helps medical professionals manage patient information. Together, they will generate comprehensive clinical note content within seconds, streamline post-note workflows, and allow dermatologists to focus on building stronger patient relationships.
This launch comes just days after ModMed revealed that Clearlake Capital Group, L.P made a majority growth investment in the company, though the amount invested was undisclosed.
“AI’s true potential in healthcare lies in its specialization. Just as physicians specialize in specific fields, AI models designed to learn and leverage expertise within a finite area will naturally have far greater depth and capabilities and be more helpful to medical practices,”Dan Cane, Co-Chief Executive Officer at ModMed, said in a statement.
“We believe that specialized AI will not only enhance individual practices but also drive significant advancements across the entire healthcare ecosystem.”
Voice AI in healthcare
Physicians are increasingly getting used to AI tools, with 66% of physicians currently use artificial intelligence in their practice, nearly doubling the 38% who said the same in 2023. When it comes to voice technology, 44% of healthcare organizations are already using it, with 65% of physicians saying voice AI can improve their workflow efficiency, helping to alleviate burnout. By this year, the global market for virtual assistants in healthcare was expected to reach $5.8 billion.
This week, Microsoft unveiled a new AI assistant for clinical workflow called Microsoft Dragon Copilot, which combines the natural language voice dictation capabilities of DMO, which has helped clinicians document billions of patient records, with the ambient listening capabilities of DAX, which has assisted over 3 million ambient patient conversations across 600 healthcare organizations in just the past month. The company previously acquired Nuance Communications, provider of conversational AI and cloud-based ambient clinical intelligence for healthcare provider, for nearly $20 billion in 2021.
(Image source: modmed.com)
