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South Korean medtech firm Puzzle AI is ready to tackle the medical AI voice know-how belongings of VUNO as a part of a just lately signed strategic settlement.
Established in 2018, Puzzle AI develops voice AI know-how instruments for the medical trade. Its portfolio of options contains VoiceEMR, which converts voice dictation right into a medical report, and VoiceENR, a voice recognition instrument for nurses.
WHAT IT’S ABOUT
The newest deal entails the switch of VunoMed Deep ASR to Puzzle AI. The answer makes use of AI for automated voice recognition and real-time and correct documentation of dictated medical phrases, even people who comprise lengthy and complicated 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 inside efficiency check has discovered the answer to have over 98% speech recognition accuracy and conducts real-time medical documentation 1.5 occasions sooner in comparison with typical pace.
In accordance with a media launch, VUNO will keep 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 improvement of each corporations’ medical AI options whereas VUNO will concentrate on gross sales and advertising.
WHY IT MATTERS
In an announcement, VUNO stated the turnover of its medical audio enterprise to Puzzle AI will permit the corporate to concentrate on its medical imaging portfolio, which accounts for many shares of the corporate’s gross sales. It additionally plans to focus on analysis and improvement of well being monitoring options, significantly its cardiac arrest prediction gadget, VunoMed DeepCARS.
MARKET SNAPSHOT
Final 12 months, Nuance Communications, a US-based developer of conversational AI for healthcare, acquired Saykara, which specialises in cell AI medical documentation. Saykara’s flagship product referred to as Kara is used for medical dictation and automated medical observe creation throughout in-person or digital visits. This cell instrument for iOS gadgets may be built-in with main EMR programs.
In the meantime, Indian AI firm Augnito launched final 12 months its personal AI-powered speech-to-text SaaS for producing medical reviews, akin to radiology, histopathology and surgical notes.
ON THE RECORD
“Via this deal, we now have established a stable strategic partnership with Puzzle AI to repeatedly pursue income associated to medical voice enterprise by enhancing enterprise synergy results, and on the similar time, we now have laid an necessary basis for focusing our R&D capabilities on our major companies, akin to medical photos and bio-signals,” stated VUNO CEO Lee Ye-ha.
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