Hippocratic AI launches AI agent app store, bags $141M in Series B funding

The news: Hippocratic AI launched its Healthcare AI Agent App Store. Licensed US clinicians can design and create AI agents that carry out tasks like interacting with patients for chronic care management, procedure preparation, or post-discharge follow-up.

The rollout coincides with the startup’s $141 million Series B funding haul, which elevates Hippocratic to unicorn status at a valuation of $1.64 billion. Venture capital firm Kleiner Perkins led the round, with investors General Catalyst, Andreessen Horowitz, and Nvidia also participating, among others.

Here’s how it works: Clinicians can design an AI agent without any software programming knowledge and in less than 30 minutes. Safety testing by both the agent’s creator and Hippocratic staff follows. Each clinician has access to a dashboard that tracks their AI agent’s performance and shares feedback for further development.

Why it matters: Healthcare staffing shortages are creating challenges, and clinicians need ways to augment their workloads.

  • Early last year, 47.8% of US hospitals reported an RN vacancy rate higher than 10%, according to NSI’s National Healthcare Retention and RN Staffing report.
  • Using these agents for lower-risk clinical tasks can help supplement the work of clinicians who are overburdened by these shortages while freeing up more of their time to provide direct patient care.

Our take: Hippocratic hopes that its App Store will help the company stand out in a crowded field of healthcare AI startups.

It’s enticing clinicians over to its platform by creating revenue-sharing opportunities. Clinicians are paid when their agents are used by Hippocratic’s customers.

  • Creators receive 5% of base fees plus 70% of any premium rate they set.

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