South Korean medtech firm Puzzle AI is about to tackle the medical AI voice expertise belongings of VUNO as a part of a lately signed strategic settlement.
Established in 2018, Puzzle AI develops voice AI expertise instruments for the medical trade. Its portfolio of options consists of VoiceEMR, which converts voice dictation right into a medical report, 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 automated voice recognition and real-time and correct documentation of dictated medical phrases, even people who include lengthy and sophisticated 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 inner 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 standard velocity.
In keeping 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 growth of each corporations’ medical AI options whereas VUNO will give attention to 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 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, notably its cardiac arrest prediction gadget, VunoMed DeepCARS.
Final yr, Nuance Communications, a US-based developer of conversational AI for healthcare, acquired Saykara, which specialises in cell AI scientific documentation. Saykara’s flagship product known as Kara is used for medical dictation and automated scientific notice creation throughout in-person or digital visits. This cell device for iOS units will be built-in with main EMR techniques.
In the meantime, Indian AI firm Augnito launched final yr its personal AI-powered speech-to-text SaaS for producing scientific experiences, comparable to radiology, histopathology and surgical notes.
ON THE RECORD
“By means of 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 vital basis for focusing our R&D capabilities on our fundamental companies, comparable to medical photos and bio-signals,” stated VUNO CEO Lee Ye-ha.