South Korean medtech firm Puzzle AI is about to tackle the medical AI voice expertise belongings of VUNO as a part of a not too long ago signed strategic settlement.
Established in 2018, Puzzle AI develops voice AI expertise instruments for the medical business. Its portfolio of options consists of VoiceEMR, which converts voice dictation right into a medical file, and VoiceENR, a voice recognition device for nurses.
WHAT IT’S ABOUT
The most recent 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 those who include lengthy and complicated phrases or in blended 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 take a look at has discovered the answer to have over 98% speech recognition accuracy and conducts real-time medical documentation 1.5 instances sooner in comparison with standard velocity.
In accordance with a media launch, VUNO will keep the patent proper for the expertise, 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 mentioned 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, notably its cardiac arrest prediction machine, 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 device for iOS units might be built-in with main EMR methods.
In the meantime, Indian AI firm Augnito launched final 12 months its personal AI-powered speech-to-text SaaS for producing medical reviews, corresponding to radiology, histopathology and surgical notes.
ON THE RECORD
“Via this deal, we have now 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 have now laid an essential basis for focusing our R&D capabilities on our most important companies, corresponding to medical photos and bio-signals,” mentioned VUNO CEO Lee Ye-ha.
