Fabric, formerly known as Florence, officially launched out of stealth about a year ago and has rapidly built out its tech that automates clinical and administrative work in healthcare.
The startup has already notched two acquisitions in the past 10 months to broaden its capabilities. In April, it picked up Zipnosis from Bright Health in an all-cash deal to expand its asynchronous virtual care capabilities, and, in January, the company bought conversational AI assistant Gyant, another all-cash deal, to expand its "digital front door" for patients.
The company provides a telemedicine platform for health systems and has built a suite of products, from patient intake to self-scheduling to provider documentation tools, to help streamline workflows for in-person and virtual patient visits using conversational AI. The technology improves both the provider and patient experience, according to executives, while also improving operational efficiency.