LONDON, Nov. 17, 2020 /PRNewswire/ -- Based on its recent
analysis of the global market for AI-powered solutions enabling
patient safety in healthcare, Frost & Sullivan recognizes
Nuance Communications with the 2020 Global Company of the Year
Award. A pioneer in conversational AI and ambient clinical
intelligence, the company has designed innovative AI solutions that
document physician-patient conversations, securely operating across
physical and virtual clinical settings.
A pioneer and leading market player in conversational AI, Nuance
offers digital intelligence to assist daily clinical work and life.
Its speech recognition, clinical documentation, and transcription
solutions for the healthcare industry are used by more than 550,000
physicians and 10,000 healthcare organizations for providing
unmatched clinical, financial, and patient engagement outcomes. Its
flagship solution, Nuance Dragon® Medical One, is a revolutionary
cloud-based application offered on a Software-as-a-Service (SaaS)
model and hosted on the Microsoft Azure cloud.
"Addressing the looming issue of clinician burnout arising from
the heavy clinical documentation workload, Dragon Medical One
stores and communicates more than 300 million patient stories,
annually," said Suchismita Das,
Industry Analyst. "Continual updates to the speech recognition
technology improve the solution's capability significantly, thereby
reducing medication errors and ensuring patient safety through
improved quality of care. Nuance also pioneered another important
advancement by enabling cloud-support through Nuance Dragon Medical
One, envisioning a future delivery model that involves care teams
spread across various locations."
Nuance is a frontrunner in introducing solutions that align with
healthcare megatrends, such as the shift towards value-based
healthcare and greater automation to reduce or eliminate manual
data input errors. It has brought to the market several innovative,
next-generation patient safety solutions through strategic
partnerships. A recent and major strategic activity was the
integration of Nuance's Dragon Ambient eXperience (DAX) and
Microsoft Teams. This AI-powered ambient clinical intelligence
speeds up telehealth workflow solutions adoption, thus reducing
clinician burnout with clinical documentation that writes itself.
Other significant partnerships are with Cerner to reduce the
physician's cognitive burden at the point-of-care through Nuance's
virtual assistant platform, as well as the integration of Nuance's
AI-powered virtual assistant platform with the Epic EHR.
"It is noteworthy that Nuance created DAX to improve both the
physician and patient experience," noted Das. "Overall, strategic
partnerships, technological enhancements of solutions to improve
quality of care, and increased focus on ambient clinical
intelligence and digital assistants underpin Nuance's market
leadership."
Each year, Frost & Sullivan presents a Company of the Year
award to the organization that demonstrates excellence in terms of
growth strategy and implementation in its field. The award
recognizes a high degree of innovation with products and
technologies and the resulting leadership in terms of customer
value and market penetration.
Frost & Sullivan Best Practices awards recognize companies
in a variety of regional and global markets for demonstrating
outstanding achievement and superior performance in areas such as
leadership, technological innovation, customer service, and
strategic product development. Industry analysts compare market
participants and measure performance through in-depth interviews,
analysis, and extensive secondary research to identify best
practices in the industry.
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned
for its role in helping investors, corporate leaders and
governments navigate economic changes and identify disruptive
technologies, Mega Trends, new business models and companies to
action, resulting in a continuous flow of growth opportunities to
drive future success. Contact us: Start the discussion. Contact us:
Start the discussion.
Contact:
Kristen Moore
P: 210.247.3823
E: kristen.moore@frost.com
About Nuance Communications
Nuance Communications (NASDAQ: NUAN) is a technology
pioneer with market leadership in conversational AI and ambient
intelligence. A full-service partner trusted by 90 percent of US
hospitals and 85 percent of the Fortune 100 companies worldwide,
Nuance creates intuitive solutions that amplify people's ability to
help others.
Contact:
Nancy Scott
P: 781.565.4130
E: nancy.scott@nuance.com
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SOURCE Frost & Sullivan