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Iscribes virtual medical scribe12/11/2023 ![]() ![]() IScribe, based in North Carolina, sought money from the Tamiami Angel Fund to crank up its marketing and to recruit more scribes. The documentation is loaded right into the patients' medical records and it's ready to view by noon the following day. ![]() "Once I started practicing medicine, I quickly saw how burdensome documentation had become," Pelo said in a news release. His company offers a mobile app and wearable technology that allows doctors to record visits with patients - and provides virtual medical scribes to decipher the information and complete the documentation, while remaining compliant with HIPAA privacy and security rules. IScribes was born out of the frustrations of its co-founder Jared Pelo, an ER doctor who found it a pain to complete all the documentation his hectic job required. Over the next two years we will get the payments out of escrow and earn-out." "The majority of the deal has already been realized. "About 80 percent of the returns have been paid out to us," he said. The actual profit is about $137,000, and most of it has been paid out to investors, Cartwright said. Portfolio companies across the three funds and our highest return to date," he said. "This is the fifth acquisition or recapitalization transaction we've had out of our 17 The sale brought the fund's investors an internal rate of return of 32 percent, which takes into account the present value of future payments, said Tim Cartwright, chairman of Tamiami Angel Funds. Less than six months later, the young company was acquired by Nuance Communications, a multinational computer software technology business headquartered in Massachusetts that provides speech and imaging applications. The fund - the third for Tamiami Angel Funds - invested $265,000 in iScribes in July. The Tamiami Angel Fund III reported its highest return on an investment with the sale of iScribes, a medical transcription service for physicians, to a publicly traded company. If interested in learning more about this home-based position, please see the original work at home employment listing.A bet on a health tech company has netted a healthy return for investors in a Naples-based fund. There is the opportunity for productivity bonuses, as well as career advancement. You will service 2 to 3 doctors and will be considered a part of their medical team. Work at home medical transcriptionists with Nuance a minimum of 24 hours per week. ![]() Scribes listen to recorded patient visits and are responsible for updating the electronic medical record with pertinent, well-written medical history, physical examination, assessment and plan, findings and procedures, within a clear time limit.” “iScribes Virtual Medical Scribes work directly with physicians and learn about medicine by listening to and documenting patient encounters. Proficiency in the Google suite of products, specifically Google Drive, Google Docs and Google Hangouts.Ability to speak, read and write the English language fluently.Proficiency with or the willingness and ability to learn medical terminology. ![]()
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