Electronic health records giant Epic Systems is reportedly preparing to launch its own AI transcription tool, in a move that could help alleviate clinician burnout but spell trouble for health tech startups that have secured hundreds of millions for their own scribes, Erin Brodwin and Brock E.W. Turner wrote first on Pro. Why it matters: Epic already controls about 50% of the market share of hospital inpatient EHRs and could leverage that market power to capture the "first draft" from doctor‑patient conversations and build broader clinical workflows. - AI scribes that can securely transcribe medical notes for providers have exploded in popularity, attracting substantial venture capital investment.
What they're saying: Epic's seamless integration could tip the scale, primarily because it's the easiest choice, says Robert Wachter, chair of the Department of Medicine at the University of California, San Francisco. - Its reported move also would threaten other incumbent EHRs working on ambient AI products.
- As one hospital executive bluntly put it: "If [Epic] has organizations that are looking, it puts the conversation to bed. It sticks a dagger in companies like Altera and maybe even Oracle."
- Epic did not respond to Axios' requests for comment.
The other side: Despite Epic's market dominance, it's joining the party late and providers that don't use Epic could give rivals like Ambience and Abridge enough of a foothold to stay competitive. If you need smart, quick intel on health tech dealmaking for your job, get Axios Pro.
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