Abridge Raises $300 Mn to Scale Clinical Documentation Technology

The funding will support Abridge’s continued focus on streamlining healthcare delivery, documentation, and reimbursement processes.

US-based healthcare startup Abridge has raised $300 million in a Series E funding round to expand its clinical documentation platform currently used by more than 150 enterprise health systems across the United States.

The round was led by Andreessen Horowitz, with participation from Khosla Ventures. 

The funding will support Abridge’s continued focus on streamlining healthcare delivery, documentation, and reimbursement processes.

Abridge's technology captures details from clinician-patient conversations and converts them into billing codes, helping healthcare providers navigate complex payer documentation requirements. The company’s models are trained in coding, risk adjustment, and utilization management to ensure proper documentation is generated during the point of care.

According to the company, the U.S. healthcare system spends close to $1.5 trillion annually on administrative costs, a significant portion of which is tied to documentation and revenue cycle workflows that add to clinician workload.

“Every medical conversation is rich with the signals our healthcare system depends on. Abridge activates those signals in the background, silently handling the complexity so clinicians can focus on the human moments that matter. We reduce the burden, restore time, and help make care about the people at the heart of it all,” said Dr. Shiv Rao, CEO and co-founder of Abridge.

With the newly secured funding, the startup plans to embed revenue cycle intelligence earlier into clinical workflows and reduce the need for manual coordination between providers and billing teams.

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