The Israeli digital health start-up Agamon Health has completed a US$5m financing round to develop an automated patient platform.
Agamon aims to redefine patient management in radiology by replacing manual processes with smart automation to bridge the patient care gap.
The company says the gap starts with radiology, where most care pathways start out and most common diseases are diagnosed – 60 per cent of the subsequent follow-ups are missed, resulting in late diagnoses, missed revenues, and increased liability.
Its new automated follow-up platform uses AI and natural language processing to understand medical reports and translate them into actions.
According to the Israeli developers, results have shown an increase of over 55 per cent in patient adherence, improving patient outcomes, reducing health system liability, and generating new financial value for health systems and radiology practices.
“We have deployed Agamon’s solution at Henry Ford Health System to close the patient care gap” said Dr Daniel Siegal, former vice chair of radiology at Henry Ford System.
“With Agamon we have managed to identify three times more follow-up recommendations, previously buried in the radiology reports.
“Agamon offers not just a technological solution, but also workflow improvement that focuses on quality and outcomes.”
He added: “I believe Agamon can provide a much-needed solution in radiology patient management, allowing us to bridge this healthcare gap that affects so many lives every day.”
Michal Meiri, Agamon Health’s co-founder and CEO, said: “This strategic investment coming from industry leaders supports the vision of redefining patient management with AI automation.
“Through our deployments in some of the largest US healthcare organisations, we have demonstrated a significant increase in patient adherence, helping our customers drive new financial value and improve patient outcomes.
“We are committed to further advance patient workflow management, introducing new solutions to the market and empowering the providers in bridging the healthcare gap.”
Talor Sax, CEO of eHealth Ventures which led the funding round, said: “Automation is the future of patient management and Agamon’s novel technology is bridging the gap in patient workflow management.
“We are happy to participate in this round of financing and are sure to bring added strategic value to the company.”
The funding round will help the company with the commercialisation of its platform to achieve a more efficient follow-up management process.
