Note-to-FHIR

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HealthSage AI Closes € 3M Seed Round for its Open Generative AI Platform

Press release

16 April 2024 – A promising advance for healthcare: HealthSage AI, less than a year after its inception, today announces a € 3M seed investment to enhance and scale its open generative AI platform fully dedicated to healthcare. This platform will offer a trusted and transparent foundation for the development and adoption of AI applications for healthcare, including HealthSage AI’s own LLM Note-to-FHIR. 

Investment Highlights 

The over-subscribed €3 M seed round is led by Peak, with co-investments from Healthy.Capital, Rubio Impact Ventures and serial health tech entrepreneurs Jaap Maljers and Jeroen Tas. This funding enables HealthSage AI to grow the team, commercialize its offerings, and accelerate customer deployments with real impact for healthcare professionals and patients. Together, these steps build towards HealthSage AI’s ultimate goal: providing a comprehensive platform that will offer AI tools to enhance the efficiency and effectiveness of healthcare delivery for healthcare providers, organizations and patients. 

Origins and Vision 

HealthSage AI was founded in 2023 by Harm-Jan Wessels and Marcel Alberti. Together, they bring decades of healthcare and medical software experience in building successful scale-ups and through medtech corporates. Wessels shares: “Generative AI represents the biggest technology shift that I have witnessed in my career. Using AI, we can help healthcare professionals to move away from countless hours of information chasing and clerical tasks, so they can focus on what matters most: patient care.”  

Generative AI has massive potential to impact healthcare delivery. Next to reducing the administrative burden for healthcare professionals (up to 40% of their time), AI will provide clinical decision support, address staffing shortages through virtual interactions, make patients better informed health consumers, and enable value-based care through better insights into vast amounts of clinical data. To deliver on this promise, HealthSage AI is building its open generative AI platform, allowing healthcare providers and health IT vendors to use generative AI in a safe and compliant way.  

HealthSage AI was founded on three key principles: Open, Responsible, and Safe. This means embracing open source practices, adhering to all EU AI regulations, and ensuring the HealthSage AI LLMs are trained and trusted by the healthcare community. Compliance is fundamental to HealthSages AI’s approach, with a focus on privacy and data protection.  

Johan van Mil, co-founder & managing partner at Peak says: “Given the opportunity to improve diagnostic accuracy, patient care, and operational efficiency, we see a huge opportunity for AI in the health space. Given the track-record of the founders in building and scaling companies in medtech, we see Healthsage AI as the leading player to revolutionize the medical industry.”  

The Note-to-FHIR LLM 

In healthcare, vast amounts of vital information are trapped in unstructured clinical notes and data.  That is why, on 1 December 2023, HealthSage AI launched Note-to-FHIR, a specialized Large Language Model (LLM) that transforms unstructured medical notes into a structured FHIR output: the global standard for electronic healthcare information exchange.   

For example, once transformed by Note-to-FHIR, the structured information can be used to automatically create a patient overview, offering healthcare professionals a concise summary of a patient’s health issues without the need to sift through unstructured notes. It can also simplify administrative duties, such as the creation of discharge letters. Additionally, Note-to-FHIR can support clinical decision-making, helping healthcare professionals to deliver the best care by automatically leveraging structured data. It also has the capability to transform complex clinical notes into language that is easily understandable for patients, making them better informed in their own care journeys.  

All in all, Note-to-FHIR tackles one of the most pressing challenges in healthcare: transforming dense, hard-to-navigate unstructured clinical notes into clear, actionable information. This will lighten the load for healthcare professionals, allowing them to concentrate more on providing patient care. Note-to-FHIR can be integrated into existing healthcare information systems and be used by health IT vendors to build new applications.  

About HealthSage AI 

HealthSage AI is dedicated to transforming healthcare delivery and patient pathways by harnessing the power of generative AI, and by collaborating with healthcare partners and innovators. Providing an open, secure, and regulatory-compliant platform, HealthSage AI offers the healthcare and open source community a trusted and transparent foundation for numerous AI applications. https://healthsage.ai/ 

About Peak 

Peak is a venture capital fund based in Berlin, Amsterdam, and Stockholm, financed and run by experienced entrepreneurs. For the past 15 years, Peak has fiercely backed founders across Europe, with a laser focus on early-stage SaaS, marketplace, and platform models helping them with their Go-To-Market. Peak has done over 50 investments, such as AI workforce Neople, skills management software AG5, product feed optimization platform Channable, and omnichannel communication platform Trengo. https://peak.capital/ 

About Healthy.Capital 

Healthy.Capital is a leading early-stage investment fund based in the Netherlands focused on healthcare startups with a vision of transforming healthcare. Healthy.Capital has been founded in 2018 and currently has € 40 million AUM. As an impact-driven investor, Healthy.Capital increases accessibility and affordability of healthcare for everyone. Healthy.Capital has done 14 investments, such as mental healthcare disruptor OpenUp and digital therapeutic Clear.bio. https://www.healthy.capital/  

About Rubio Impact Ventures 

Rubio Impact Ventures is a leading impact venture fund based in the Netherlands with € 150 million AUM. Rubio invests in world-changing entrepreneurs who unite powerful positive impact with a scalable commercial business; the future-proof approach to successful business. Rubio offers its investments a winning blend of capital, expertise, and network access to help them accelerate to the next level. Previous Health investments include SkinVision’s AI-enabled melanoma detection app, Incision’s online training platform for improving surgical performance, and OpenUp’s 360° mental well-being platform for companies and their employees. https://www.rubio.vc    

Jaap Maljers: https://www.linkedin.com/in/jaapmaljers/  

Jeroen Tas: https://www.linkedin.com/in/jeroentas/  

 

Read the Dutch version of this press release.

Read the German version of this press release.

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Meet the founders

Meet the pioneering duo behind HealthSage AI: Harm-Jan Wessels and Marcel Alberti.

 

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