Diagnose has raised 15 million dollars in Series A funding led by Benchmark with participation from Andreessen Horowitz. The round will be used to accelerate specialty model development expand EHR integrations and grow Diagnose's presence among independent and mid size practices across the United States.
The funding follows a year in which Diagnose expanded from a single specialty to three — internal medicine cardiology and psychiatry — and grew its active physician base to over 500 users across 50 clinics.
Why independent practices
The ambient documentation market has largely been built for large health systems. Enterprise contracts multi month implementation timelines and pricing structures that assume an IT department. Independent practices — which represent the majority of physician encounters in the United States — have been underserved by every major player in this space.
That is the gap Diagnose was built to fill. A physician in a 10 person cardiology practice should have access to the same documentation quality as one inside a 2000 bed hospital system. This round gives us the runway to make that real.
What comes next
Over the next 18 months Diagnose will expand to 10 specialties launch deeper integrations with Cerner and athenahealth and begin a formal expansion into nurse practitioners and physician assistants — a fast growing segment with the same documentation burden and far fewer tools designed for them.
We are also investing in our accuracy benchmarking program with the goal of publishing peer reviewed data on note quality across specialties. In a market where trust is everything we believe that transparency about performance is not optional.
The physicians using Diagnose told a colleague about it in their first week. That is still how most of our growth happens. This round lets us meet the demand that word of mouth is already creating.
