Commure and Athelas sign deal to acquire Augmedix (NASDAQ: AUGX), creating the largest artificial intelligence software provider in healthcare
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Today I’m excited to share that Commure/Athelas is signing to acquire Augmedix (NASDAQ: AUGX) and take the company private. Combined, we believe we’re creating one of the largest, most comprehensive, and fastest-growing artificial intelligence software suites in healthcare.
Augmedix is a pioneer in the space of Ambient AI-powered medical scribing, with technology and personnel serving over 20 major health systems and hundreds of sites of care. Together, we believe we can dramatically boost the productivity of every physician in America using language models that transcribe appointments, autonomously code them, and supercharge back-office operations for billing teams.
The companies together are on track to power over 3 million physician appointments using artificial intelligence, ambient scribing, and revenue cycle automation this year. Commure/Athelas Scribe, and Augmedix Go on average save a physician 2 hours of documentation time a day, reducing documentation time by more than 80%, and help generate billions of dollars in productivity savings for providers across the country.
Augmedix and Commure/Athelas both partner closely with the country’s premiere hospital systems. Augmedix’s progress in deploying LLM-powered technology within those systems has been genuinely amazing.
Commure/Athelas today processes billions of dollars worth of healthcare payments, and has the fastest growing Ambient AI scribe + documentation tool deployed within hundreds of health systems and private practices. Our technology suite helps power over 250,000 providers nationally. And with the Augmedix acquisition that number will grow even further.
As I’ve gotten to know Ian and Manny - founder and CEO respectively at Augmedix - it’s become clear they share a common passion with Commure/Athelas for deploying artificial intelligence to supercharge provider operations and boost the productivity of the US economy.
In line with the health assurance vision, we believe this combination further unlocks an ecosystem of companies that can collaborate to transform healthcare. In partnership with Augmedix, Commure/Athelas is poised to become the single, AI-powered interface for providers, accelerating innovation and our shared goal of creating a more proactive, accessible, and affordable system of care.
In the coming months, we hope to announce much more about how the combined company’s product suites will help transform provider operations at all the systems we partner with.
-Tanay Tandon
CEO, Commure and Athelas
