Mobile-health Network Solutions Secures $10 Million to Advance AI Agent Technology for Healthcare Efficiency
TL;DR
MNDR secures $10 million funding to expand AI Agent technology, gaining a competitive edge in telehealth solutions market.
MNDR's AI Agent uses real-time clinical decision support, NLP, and adaptive learning to enhance accuracy and streamline healthcare providers' workflows.
AI Agent by MNDR helps doctors reduce documentation workload, improving efficiency and allowing more focus on patient care.
Singapore-based pilot of AI Agent completed 6,000 consultations with 98% accuracy, showcasing its potential to revolutionize healthcare workflows.
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Mobile-health Network Solutions (Nasdaq: MNDR) announced a $10 million strategic funding agreement to support the development and expansion of its AI Agent technology, a platform designed to streamline healthcare providers' consultation documentation and improve workflow efficiency. The capital was secured through a Standby Equity Subscription Agreement with YA II PN, Ltd. ("Yorkville").
Unlike static, rule-based AI models, MNDR's AI Agent is designed to evolve over time, utilizing real-time clinical decision support, multilingual natural language processing (NLP), and adaptive learning to enhance its accuracy and interactions with healthcare providers. A recent Singapore-based pilot completed 6,000 consultations, demonstrating the platform's ability to help doctors reduce documentation workload, with participants reporting significant efficiency gains and one doctor noting a 50% reduction in paperwork.
Early validation data showed AI Agent achieving more than 98% accuracy in consultation documentation, reinforcing its potential to support clinical workflows effectively. Dr. Siaw Tung Yeng, co-CEO of Mobile-health Network Solutions, stated that the agreement allows the company to further enhance AI-driven telehealth capabilities and expand reach in the digital healthcare sector, focusing on supporting healthcare providers and improving efficiency in digital consultations.
The $10 million funding commitment provides MNDR with flexibility to execute its strategic vision, supporting ongoing development and regional expansion, particularly in Southeast Asia where technology-driven healthcare adoption is increasing. This investment enables market reach expansion, technological capability bolstering, and refinement of AI-driven healthcare solutions, potentially translating into growth in market share, revenue, and investor returns. For further information on the funding, please refer to the SEC filings section of the company's investor relations website or the MNDR section of the SEC website.
Curated from NewMediaWire
