Medwise AI is building an AI knowledge assistant that supports healthcare professionals to do their best work and better care for patients
100% of minimum goal raised
Lead investor: Anticus Partners |
Minimum Target £ 635,000 |
Minimum investment amount £ 10,000 |
Maximum Target £ 635,000 |
Maximum investment amount £ 635,000 |
Unwarranted variations in healthcare cost the NHS £5B annually. A crucial challenge for physicians in delivering best-practice care is accessing current medical evidence and guidelines promptly at each consultation. Medwise AI uses the latest Large Language Model technology to provide AI agent-based search for healthcare professionals to find the right answer at the right time at the point of care. Medwise is proven to save 2.6 minutes per search and support clinical decision-making.
Our approach is to build an AI agent that mimics the behaviour of a human perform a search. Our AI-powered search product is already in the market, used by thousands of clinicians, and are DTAC certified. Our second product, a chat-based AI clinical assistant is recently launched and available over Whatsapp. Innovate UK has recently awarded £1.1M for us to develop our AI co-pilot product, which will be a clinical decision support tool with Class 1 medical device certification. This will be developed in the next 18 months.
With thousands of articles published daily, clinicians struggle to stay updated and informed. Medical knowledge doubles every 5 years based on PubMed publication numbers and 600+ hours of reading estimated needed for GPs to keep up with knowledge (Djulbegovic, 2017). An estimated 70% of clinicians resort to Google, often encountering irrelevant, non- clinical information. While generative AI search platforms/ChatGPT now exist to offer targeted answers to questions, their clinical safety is not assured (Gilbert et al., 2023). Not having timely access to best practice information means the NHS incurs cost of up to £5B due to unwarranted variations in care (Lord Carter report).
B2B SaaS. Medwise.ai is free for clinicians to use while healthcare organisations pay a one-off set-up fee (£10,000) and an annual licence fee (tiered, sliding scale) to access additional features including: migration of local resources onto the platform, integration with IT systems, and custom data analytics. Additionally we offer life science and pharmaceutical companies access to our healthcare professional user at a rate of $275 per user. Healthcare professional engagement use cases are numerous, including positioning as real world data on physician search trends, decision making, and information gaps.
Our approach is to build an AI agent that mimics the behaviour of a human perform a search. Our AI-powered search product is already in the market, used by thousands of clinicians, and are DTAC certified. Our second product, a chat-based AI clinical assistant is recently launched and available over Whatsapp. Innovate UK has recently awarded £1.1M for us to develop our AI co-pilot product, which will be a clinical decision support tool with Class 1 medical device certification. This will be developed in the next 18 months.
With thousands of articles published daily, clinicians struggle to stay updated and informed. Medical knowledge doubles every 5 years based on PubMed publication numbers and 600+ hours of reading estimated needed for GPs to keep up with knowledge (Djulbegovic, 2017). An estimated 70% of clinicians resort to Google, often encountering irrelevant, non- clinical information. While generative AI search platforms/ChatGPT now exist to offer targeted answers to questions, their clinical safety is not assured (Gilbert et al., 2023). Not having timely access to best practice information means the NHS incurs cost of up to £5B due to unwarranted variations in care (Lord Carter report).
B2B SaaS. Medwise.ai is free for clinicians to use while healthcare organisations pay a one-off set-up fee (£10,000) and an annual licence fee (tiered, sliding scale) to access additional features including: migration of local resources onto the platform, integration with IT systems, and custom data analytics. Additionally we offer life science and pharmaceutical companies access to our healthcare professional user at a rate of $275 per user. Healthcare professional engagement use cases are numerous, including positioning as real world data on physician search trends, decision making, and information gaps.