What You Should Know: - UPMC has launched Realyze Intelligence, a company that uses artificial intelligence and natural language processing to identify precise patient populations with chronic diseases and cancer to ensure they receive the most beneficial treatments. - Founded by Gilan El Saadawi, M.D., Ph.D and Aaron Brauser founded in conjunction with UPMC Enterprises, the innovation and commercialization arm of UPMC. - The U.S. healthcare industry spends
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M&A: Microsoft Acquires Nuance for $20B to Accelerate Healthcare Cloud Strategy
What You Should Know: - Today, Microsoft Corporation (Nasdaq: MSFT) and Nuance Communications, Inc. (Nasdaq: NUAN) announced they have entered into a definitive agreement under which Microsoft will acquire Nuance for $16B. Financial terms of the all-cash deal details Microsoft paying $56 per Nuance share, a 23% premium over Friday’s closing price with a total value including debt at $19.7 billion. - Microsoft’s acquisition
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Nuance Acquires Ambient AI Assistant for Physicians Platform Saykara
What You Should Know: - Nuance acquires ambient AI healthcare voice assistant Saykara, Inc. to bring complementary AI technology and engineering talent to conversational AI and ambient clinical intelligence market leader. - Kara’s AI-powered healthcare voice assistant can be used during a physician-patient encounter without any voice commands, promising to eliminate up to 100% of after-hours charting and records entry Nuance Communications, Inc. today announced the acquisition of
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DoD Awards $2.8M to Philips & BioIntelliSense to Validate Wearable for Early COVID-19 Detection
What You Should Know: - Philips and BioIntelliSense has been selected by the
U.S. Army Medical Research and Development Command (USAMRDC) to receive nearly $2.8M
from the U.S. Department of Defense (DoD) to validate BioIntelliSense’s
FDA-cleared BioSticker device for the early detection of COVID-19 symptoms. - Working with the University of Colorado Anschutz
Medical Campus, the clinical study will consist of 2,500 eligible participants
with a recent, known COVID-19 exposure and/or a
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Recent Executive Hires: CVS Health New President, Cleveland Clinic/Amwell Joint Venture Leadership, Others
CVS Health Corporation names Neela Montgomery Executive Vice President and President of CVS Pharmacy/Retail, effective November 30, 2020. Montgomery will oversee the company's 10,000 pharmacies across the United States. Montgomery, currently a Board Partner at venture capital firm Greycroft, most recently served as chief executive officer of furniture retailer Crate & Barrel and has nearly 20 years of global retail experience. The Cleveland Clinic and Amwell joint venture appoint
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Nuance Sells Off Transcription and EHR-Go-Live Businesses to DeliverHealth
What You Should Know: - Nuance announced that it’s planning to sell two sections of its healthcare business – Health Information Management (HIM) and Electronic Health Record (EHR) Go-Live Services to a new independent company, called DeliverHealth, in early 2021. - Nuance will be a minority shareholder of DeliverHealth
and continue to provide its technology to the company. Nuance
Communications, Inc., today announced the planned sale
of the Health Information Management (HIM)
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Providence Taps Nuance to Develop AI-Powered Integrated Clinical Intelligence
What You Should Know: - Nuance Communications, Inc. and one of the country’s
largest health systems, Providence, announced a strategic collaboration,
supported by Microsoft, dedicated to creating better patient experiences and ease
clinician burden. - The collaboration centers around Providence harnessing
Nuance’s AI-powered solutions to securely and automatically capture
patient-clinician conversations. - As part of the expanded partnership, Nuance and
Providence will jointly
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Mount Sinai Develop Machine Learning Models to Predict Critical Illness and Mortality in COVID-19 Patients
What You Should Know: - Mount Sinai researchers have developed machine learning models that predict the
likelihood of critical events and mortality in COVID-19 patients within
clinically relevant time windows. - The new machine learning models were outlined in a recent study published in the Journal of Medical Internet Research—could aid clinical practitioners at Mount Sinai and across the world in the care and
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CMS Direct Contracting Model Options for Value-Based Care
The Centers for Medicare and Medicaid Innovation (CMMI) created the Direct Contracting Model to expand opportunities for more diverse providers and healthcare organizations to participate in value-based care arrangements for Medicare fee-for-service (FFS) beneficiaries. The goal of the new model is to create the next generation of risk-sharing arrangements to improve outcomes for patients, lower costs, and ensure high-quality care. In developing the Direct Contracting model and associated
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Nuance Integrates with Microsoft Teams for Virtual Telehealth Consults
What You Should Know: - Nuance Communications Inc. and Microsoft
Corp. announced that Nuance Dragon Ambient eXperience (DAX), an
ambient clinical intelligence (ACI) solution, is now integrated into Microsoft
Teams for virtual health consults. - The ongoing strategic partnership between Microsoft and
Nuance aims to combat burnout while supporting the telehealth movement by
improving healthcare experiences—for patients and physicians—with seamlessly
integrated
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