South Korean medtech firm Puzzle AI is ready 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 trade. Its portfolio of options consists of VoiceEMR, which converts voice dictation right into a medical file, 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 computerized voice recognition and real-time and correct documentation of dictated medical phrases, even those 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 take a look at 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 pace.
In keeping 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 improvement of each firms' medical AI options whereas VUNO will concentrate on gross sales and advertising and marketing.
WHY IT MATTERS
In an announcement, VUNO mentioned the turnover of its medical audio enterprise to Puzzle AI will enable 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 system, VunoMed DeepCARS.
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 known as Kara is used for medical dictation and computerized medical notice creation throughout in-person or digital visits. This cell instrument for iOS units could be built-in with main EMR techniques.
In the meantime, Indian AI firm Augnito launched final 12 months its personal AI-powered speech-to-text SaaS for producing medical experiences, resembling 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 earnings 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 important companies, resembling medical pictures and bio-signals," mentioned VUNO CEO Lee Ye-ha.