In fact, according to the vendor, its solutions are currently used by more than 55% of physicians and 75% of radiologists in the US as well as 77% of US hospitals. Nuance has been in the medical dictation business for what seems like forever, and its SaaS-based Dragon Medical One and Power Scribe One clinical speech recognition are well-established in the healthcare business. The Nuance deal also gives Microsoft access to a deep pool of healthcare industry experience. The deal, which was announced in mid-April, gives Microsoft a leg up in the healthcare cloud market which could prove very valuable as medical dictation migrates from a model trapping physicians behind a desk to one which can capture conversations between doctors and patients and support these documents with AI-driven data and insights. Microsoft, which paid a cool $19.7 billion for Nuance, has cemented a place as a leader in the growing market for AI-driven, hands-free automated clinical documentation. In a move that could have significant implications for the future of medical records, Microsoft has agreed to acquire Nuance Communications.
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