Daniel from Improve Press
South Korean medtech firm Puzzle AI is about to tackle the medical AI voice know-how belongings of VUNO as a part of a not too long ago signed strategic settlement.
Established in 2018, Puzzle AI develops voice AI know-how instruments for the medical business. Its portfolio of options consists of VoiceEMR, which converts voice dictation right into a medical document, and VoiceENR, a voice recognition device for nurses.
WHAT IT’S ABOUT
The newest deal includes the switch of VunoMed Deep ASR to Puzzle AI. The answer makes use of AI for computerized voice recognition and real-time and correct documentation of dictated medical phrases, even people who comprise lengthy and sophisticated phrases or in combined Korean and English languages. It has been adopted by over 20 main hospitals round South Korea because it was launched in 2019.
An inner efficiency check has discovered the answer to have over 98% speech recognition accuracy and conducts real-time medical documentation 1.5 instances quicker in comparison with standard velocity.
In line with a media launch, VUNO will preserve the patent proper for the know-how, permitting it to obtain license charges and gross sales commissions, whereas Puzzle AI will obtain an unique license for the patent.
Following the switch, Puzzle AI will deal with the analysis and growth of each corporations’ medical AI options whereas VUNO will give attention to gross sales and advertising and marketing.
WHY IT MATTERS
In a press release, VUNO mentioned the turnover of its medical audio enterprise to Puzzle AI will enable the corporate to give attention to its medical imaging portfolio, which accounts for many shares of the corporate’s gross sales. It additionally plans to focus on analysis and growth of well being monitoring options, significantly its cardiac arrest prediction gadget, VunoMed DeepCARS.
MARKET SNAPSHOT
Final yr, Nuance Communications, a US-based developer of conversational AI for healthcare, acquired Saykara, which specialises in cell AI medical documentation. Saykara’s flagship product known as Kara is used for medical dictation and computerized medical observe creation throughout in-person or digital visits. This cell device for iOS gadgets might be built-in with main EMR methods.
In the meantime, Indian AI firm Augnito launched final yr its personal AI-powered speech-to-text SaaS for producing medical stories, equivalent to radiology, histopathology and surgical notes.
ON THE RECORD
“Via this deal, we’ve got established a strong strategic partnership with Puzzle AI to constantly pursue income associated to medical voice enterprise by enhancing enterprise synergy results, and on the identical time, we’ve got laid an essential basis for focusing our R&D capabilities on our essential companies, equivalent to medical photographs and bio-signals,” mentioned VUNO CEO Lee Ye-ha.
