Healthcare IT Today April 21, 2021
In a move that could have significant implications for the future of medical records, Microsoft has agreed to acquire Nuance Communications. 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.
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.
The Nuance deal also gives Microsoft access to a deep pool of healthcare industry experience. Nuance has been in the...
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