|[July 14, 2011]
Nuance Acquires Webmedx
BURLINGTON, Mass. --(Business Wire)--
Communications, Inc. (NASDAQ: NUAN) today announced that it acquired
Webmedx, the #1 KLAS-ranked transcription services provider. Webmedx,
which offers transcription and editing services and clinical
documentation technology for hospitals and clinics nationally, will
Transcription Services (NTS), Nuance's (News - Alert) fully-managed, medical
transcription services offering. In addition to complementary
transcription leadership and scale, Webmedx's natural language
processing (NLP) driven Quality
Analytics application enhances Nuance's clinical language
understanding (CLU) innovations, whereby actionable information improves
business and clinical decisions.
"Webmedx's award-winning clinical documentation services and technology
strengthens and expands Nuance's work with healthcare organizations as
they undertake EHR adoption and strive to achieve Meaningful Use," said
Janet Dillione, executive vice president and general manager, Nuance
Healthcare. "Additionally, Webmedx will help to accelerate Nuance's
efforts to extend the power of its speech-driven solutions so that
clinicians' spoken words are not simply transformed into text, but
through clinical understanding solutions can be used for clinical
decision making, leading to improved patient care and a reduction in
overall healthcare costs."
The addition of Webmedx brings many advantages and synergies that are
expected to complement Nuance's presence in the healthcare market, as
well as accelerate the future development of clinical understanding
solutions that can significantly reduce costs and improve processes for
the healthcare industry:
Award-Winning Performance and Client Satisfaction - The Webmedx
acquisition brings to Nuance award-winning medical transcription
services that have achieved proven success. Webmedx's customers
include more than 100 leading hospitals including Bon Secours, and
Catholic Healthcare West. Webmedx's strong customer satifaction is
represented by industry recognition from KLAS Enterprises with a
two-year #1 rating in the Transcription Services category and a #1
rating for Professional Services in the KLAS 2010 "Transcription
Services: Competition, Technology, and Consolidation" report.
Enhanced Outsourced Speech Editing Services - By complementing
the Nuance Transcription Services offering with medical transcription
services from Webmedx, healthcare provider organizations will have an
increased array of options for the rapidly growing market of speech
editing and transcription services at highly competitive prices.
Webmedx also brings to Nuance its Medical Technology Education Center
(MTEC), the first Association for Healthcare Documentation Integrity
(AHDI) approved online speech recognition editing and medical
transcription school. MTEC is a unique training resource focused on
high levels of clinical documentation quality. It is known for its
reputation for excellence and has contributed to Webmedx's ongoing
delivery of quality and longstanding market reputation.
Complementary, Natural Language Processing Innovation -Webmedx
has made significant advancements in the conversion of unstructured,
dictated/speech-recognized text into structured and actionable
clinical information, aligning well with Nuance's strategy and
investments in Clinical Understanding technologies. Together, the
companies will accelerate the delivery of healthcare IT solutions that
can advance quality analytics to support Meaningful Use, enhance the
revenue cycle and improve patient care and compliance.
"Through the delivery of high-quality, speech-enabled medical
transcription services, Webmedx has focused on improving the clinical
documentation process while upholding high levels of customer
satisfaction," said Sean Carroll, chief executive officer, Webmedx.
"Together with Nuance, we can expand upon and advance the
physician-centric documentation services and solutions we provide, bring
our award-winning services to a broader market, grow upon our customers'
satisfaction, and contribute to Nuance's progressive efforts in clinical
According to a new report from healthcare technology research and
advisory firm CapSite, Nuance is recognized as the leading vendor that
healthcare institutions consider as part of their decision to purchase a
new transcription service. The addition of Webmedx further strengthens
Nuance Transcription Services, bringing increased value and scale to
healthcare organizations. NTS (News - Alert) combines Nuance's proprietary eScription
speech recognition platform, which has achieved a Best in KLAS award in
speech recognition for seven years in a row, with the Company's highly
experienced, global medical transcription and editing services team.
For more information on Nuance Transcription Services, as well as to
learn about Nuance's capabilities in Clinical Language Understanding
(CLU) please visit http://www.nuance.com/for-healthcare/index.htm.
Nuance Healthcare, a division of Nuance Communications (News - Alert), is the market
leader in providing clinical understanding solutions that accurately
capture and transform the patient story into meaningful, actionable
information. Thousands of hospitals, providers and payers worldwide
trust Nuance speech-enabled clinical documentation and analytics
solutions to facilitate smarter, more efficient decisions across the
healthcare enterprise. These solutions are proven to increase clinician
satisfaction and HIT adoption, supporting organizations to achieve
Meaningful Use of EHR systems and transform to the accountable care
model. Recognized as "Best-in-KLAS" 2004-2010 for Speech Recognition we
invite you to learn more, http://www.nuance.com/for-healthcare/index.htm.
Nuance Communications, Inc.
Nuance is a leading provider of speech and imaging solutions for
businesses and consumers around the world. Its technologies,
applications and services make the user experience more compelling by
transforming the way people interact with information and how they
create, share and use documents. Every day, millions of users and
thousands of businesses experience Nuance's proven applications and
professional services. For more information, please visit www.nuance.com.
Nuance and the Nuance logo are trademarks or registered trademarks of
Nuance Communications, Inc. or its affiliates in the United States
and/or other countries. All other company names or product names may be
the trademarks of their respective owners.
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