Digital clinical assistant named third most innovative health company
REDWOOD CITY, CALIF— March 10, 2020 — Suki, which offers a voice-enabled digital clinical assistant, has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2020, ranking third in the Health category.
The list honors the businesses making the most profound impact on both industry and culture, showcasing a variety of ways to thrive in today’s fast-changing world. This year’s list features 434 businesses from 39 countries.
“At Suki, everything we do is in the service of physicians. We offer a digital assistant that integrates seamlessly with physicians’ daily workflows to help them focus on what matters most: patient care,” said Suki founder and CEO Punit Soni. “Clinical documentation and administrative work shouldn’t burden our clinical workforce. We are thankful for this acknowledgement, which validates our belief that natural language processing and machine learning can improve the experience for physicians.”
Today, Suki is used by physicians in health systems, medical groups, and practices throughout the country across dozens of specialties and in thousands of patient interactions per week. Across its user base, Suki has lowered physicians’ average time per note by 76 percent: from more than 13 minutes to just over 3 minutes. Additionally, Suki’s highly detailed clinical documentation has been shown to decrease claims denial rates by up to 19 percent, which is critical to health systems’ and medical groups’ revenue.
Building on this success, Suki recently announced that it has closed its Series B funding round of $20 million. Suki will use this capital to execute three key priorities in the coming year: expand its user base through new and existing partnerships with leading health systems and medical groups, advance the product’s AI capabilities with new features to streamline administrative tasks, and further build out the company’s team, recruiting positions across its engineering, product, and commercial departments.
Fast Company’s editors and writers sought out the most groundbreaking businesses on the planet and across myriad industries. They also judged nominations received through their application process. The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy.
“At a time of increasing global volatility, this year’s list showcases the resilience and optimism of businesses across the world. These companies are applying creativity to solve challenges within their industries and far beyond,” said Fast Company senior editor Amy Farley, who oversaw the issue with deputy editor David Lidsky.
Fast Company’s Most Innovative Companies issue (March/April 2020) is now available online at fastcompany.com/most-innovative-companies/2020, as well as in app form via iTunes and on newsstands beginning March 17, 2020. The hashtag is #FCMostInnovative.
Suki is a voice-enabled digital clinical assistant for doctors that lifts the burden of medical documentation and administrative tasks. Powered by artificial intelligence and natural language processing, Suki creates clinically accurate medical notes and quickly completes administrative tasks such as retrieving patient information from the electronic health record (EHR). Suki understands physicians, adapting to their specialty, clinical setting, and speaking style, becoming more personalized as they use it. Used in dozens of specialties, including family medicine, gynecology, orthopedics, ophthalmology, and cardiology, Suki has been shown to decrease claims denial rates by up to 19 percent by generating highly detailed clinical documentation 76 percent faster. Suki’s team includes technologists from Apple, Google, IBM Watson, and McKinsey, and physicians from the University of California, San Francisco and Stanford. Suki is backed by premier investors such as Venrock, First Round, Flare Capital Partners, Breyer Capital and Marc Benioff. To learn more, visit suki.ai, or follow us on AngelList, Facebook, LinkedIn, and Twitter.
About Fast Company
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Since 2011, Fast Company has received some of the most prestigious editorial and design accolades, including the American Society of Magazine Editors (ASME) National Magazine Award for “Magazine of the Year,” Adweek’s Hot List for “Hottest Business Publication,” and six gold medals and 10 silver medals from the Society of Publication Designers. The editor-in-chief is Stephanie Mehta and the publisher is Amanda Smith. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.