Clinical support tool Regard, formerly known as HealthTensor, scooped up $15.3 million in a Series A funding round led by Calibrate Ventures and Foundry Group.
Other participants in the raise include TenOneTen Ventures, Susa Ventures, Brook Byers of Byers Capital and Dropbox cofounder and CEO Drew Houston. The startup had previously announced it had raised $5 million in seed funding in early 2021.
WHAT IT DOES
Regard is developing a clinical support tool that integrates with the EHR. The company said it uses artificial intelligence to sift through patient history, surface relevant information and suggest potential diagnoses.
Regard’s software is designed to recognize about 50 common medical conditions, and it currently partners with EHR companies Epic and Cerner.
The startup said the capital will go toward new hires so it can support more clients and integrate its technology more quickly.
“This round of funding underscores Regard’s mission to create technology that enriches and advances healthcare,” Regard CEO and cofounder Eli Ben-Joseph said in a statement.
“Healthcare technology today often makes a physician’s job harder, not easier and takes time away from patient care. We created Regard as a solution to enhance physicians’ workflows and enable them to focus on what matters most – providing the best available care and improving health outcomes. It’s exciting to know we’ve created a software doctors actually love using and look forward to continuing this growth.”
Clinician burnout is an increasingly serious concern in the wake of the COVID-19 pandemic. Some research points to technology and EHR burdens as part of the problem – although certainly not the only contributors.
Tech giant Google has also been working on tools that aim to improve clinicians’ workflows. In early 2021, it rolled out Care Studio, a search tool that allows providers to access information across EHRs used in a health system and find relevant data. It also released a mobile version, and earlier this year revealed Conditions, which aims to organize information about a specific health concern and highlight where data is missing.
Suki, a voice tool that helps clinicians take notes and find information in the EHR, announced a $55 million Series C late last year. Meanwhile, Notable, which aims to automate clinical administrative tasks like scheduling, referrals and intake, raised $100 million in November.