South Korean medtech firm Puzzle AI is ready to tackle the medical AI voice know-how property 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 business. 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 computerized voice recognition and real-time and correct documentation of dictated medical phrases, even those 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 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 occasions quicker in comparison with typical pace.
In accordance 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 a press release, VUNO stated 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, significantly its cardiac arrest prediction system, VunoMed DeepCARS.
Final yr, Nuance Communications, a US-based developer of conversational AI for healthcare, acquired Saykara, which specialises in cellular 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 cellular device for iOS units will be built-in with main EMR programs.
In the meantime, Indian AI firm Augnito launched final yr its personal AI-powered speech-to-text SaaS for producing medical studies, reminiscent of radiology, histopathology and surgical notes.
ON THE RECORD
“Via this deal, we’ve 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 laid an essential basis for focusing our R&D capabilities on our important companies, reminiscent of medical photos and bio-signals,” stated VUNO CEO Lee Ye-ha.