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AI Eye Podcast 506: Rush University Medical Expands Use of Nuance (NasdaqGS: $NUAN) DAX

 

Point Roberts, WA and Vancouver, BC - January 8, 2021 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today's edition of The AI Eye - watching stock news, deal tracker and advancements in artificial intelligence.

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AI Eye Podcast 506: Rush University Medical Expands Use of Nuance (NasdaqGS: $NUAN) DAX

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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NasdaqGS:NUAN) (CSE:WBIO)

Nuance Communications, Inc. (NasdaqGS:NUAN) has announced that Rush University Medical Center has expanded its use of the Nuance Dragon Ambient eXperience (DAX) ambient clinical intelligence (ACI) solution to 14 clinical specialties. According to the press release, this expansion will help in relieving "the burden of clinical documentation and physician burnout, while improving the patient experience during in-person and telehealth visits." Diana Nole, Executive Vice President and General Manager of Healthcare at Nuance, said:

"Rush is one of our closest partners for Nuance DAX development and shares our vision for how to overcome the challenges facing healthcare organizations with conversational AI and ambient solutions that place patients front and center in care delivery. The confidence Rush has in Nuance DAX coupled with the growing adoption of our clinical documentation solutions at healthcare systems across the country, shows that we are on the right track to help transform care access, outcomes, and reimbursement accuracy."

WPD Pharmaceuticals Inc. (CSE:WBIO) has announced a collaboration with medical imaging firm Image Analysis Group (IAG) to deploy AI and Quantitative Imaging to provide important critical imaging services during the Berubicin phase 2 clinical trials. Diana Dupont-Roettger, Chief Scientific Alliance Officer of IAG, explained:

"The integration of advanced imaging and AI driven image analysis will prevent a false response assessment in patients experiencing pseudo-progression and thereby enhance the efficacy read out of Berubicin, avoid early patient drop-out and save costs. IAG is excited to collaborate with WPD and to support the clinical development with optimal imaging trial design, efficient imaging data management and response assessment."

Global AI in Medicine Market to Register CAGR of 49% from 2020-2026

A report published by Facts & Factors finds that the global AI in Medicine market, which was valued at around $800 million in 2019, will exhibit a compound annual growth rate (CAGR) of 49 percent from 2020-2026. An excerpt from the report summary reads:

Artificial intelligence (AI) is rising into the health segment and is accepted to have a key impact on every feature of primary care. Artificial intelligence (AI)-enabled computer solutions will support primary care doctors to identify patients who need additional attention and offer modified procedures for every individual.

Sam Mowers, Investorideas.com

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