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COINTURK FINANCE > Startup > AI Solution Saves Nurses Time in Patients’ Care
Startup

AI Solution Saves Nurses Time in Patients’ Care

Overview

  • Nursing shortages are significantly impacting global healthcare systems.

  • The voize AI tool offers real-time workflow enhancement for nurses.

  • Funding will support voize's expansion into new markets like the US.

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A global shortage of nurses, predicted by the WHO to result in a deficit of around 4.5 million nurses by 2030, is placing significant pressure on healthcare systems. The shortage is mainly due to increasing care demands as populations age, affecting regions such as Europe and the US. Expert estimates anticipate that tasks such as administrative work, which consumes approximately 30% of nurses’ time, may cause significant productivity losses amounting to $246 billion in regions like the US and Europe. Addressing these challenges has become increasingly crucial while considering the well-documented effects like burnout and high turnover rates.

Contents
How Does voize Benefit Nurses?Is voize Gaining Recognition in Job Markets?

Another contemporary development in this sector emerged when voize, founded in 2020 by the Schmidberger brothers and Erik Ziegler, redefined nursing workflows. voize leverages artificial intelligence specially crafted for nursing tasks, a departure from the focus on AI scribes predominantly designed for physicians. Historically, solutions for reducing nurses’ administrative burden have varied in practice, but voize’s real-time integration with Electronic Health Records (EHR) is a unique contribution. While other AI tools require constant connectivity, voize’s local smartphone functionality ensures data protection and reliability even without a persistent internet connection—a notable first in AI healthcare technology.

How Does voize Benefit Nurses?

voize’s AI companion facilitates efficient documentation and scheduling to allow nurses more time for patient care. By interacting with nurses in real-time during shifts, the system listens, understands, and records information, significantly enhancing nurses’ workflow focus. This system’s local processing capability supports numerous facilities in Germany and Austria, with over 75,000 nurses observing up to a 30% reduction in time spent on administrative duties each shift. Such practical outcomes are made possible by voize’s proprietary AI models optimized for medical jargon, regional dialects, and non-native speakers.

Is voize Gaining Recognition in Job Markets?

Indeed, the adoption of voize has become a valuable recruitment tool within the healthcare sector. Nursing facilities are beginning to feature voize in their job advertisements, offering it as an incentive for potential employees. This attests to its perceived utility in reducing the documentation workload that has otherwise been described as a hindrance to time-critical patient care.

voize recently secured $50 million in Series A funding, led by Balderton Capital with participation from notable investors. This investment aims to further its expansion in Europe and entrance into the US market. Concerning voize’s impact, Balderton’s Daniel Waterhouse highlighted the strides voize is making toward rebalancing nurses’ focus back toward direct patient care. It’s a strategic movement to mitigate the pressing issue of administrative burdens that detract from patient time.

Fabio Schmidberger from voize offered insight into their work:

“Nurses enter the profession to care for people, and leave it because of all the admin work. For too long, they’ve had little technology designed to truly support them.”

The heightened emphasis on AI in healthcare spaces continues to spark public interest as these technologies begin to weave into daily hospital operations. For stakeholders within healthcare, particularly nurses, the potential to refocus on patient-centered care through voize’s technology represents progress amid increasing challenges. Ultimately, while voize isn’t the only AI contributor in healthcare, its nurse-centered technological advancements provide an essential response to administrative inefficiencies.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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