oh, but i did comment on icd-10 and the SGR vote. the news i posted today reagarding another hospital contract win is only the beginning of a 5-month push by laggards to get ready for oct-1 deadline and desire to get incentive medicare payments with "meaningful use". there were also some articles recently about samsung's push deeper into medical imaging. nuance next quarter may be more of an indicator than the upcoming quarter. also, it will be interesting whether ricci's employment contract (which expires in november) will either get renewed at the upcoming board meeting or the BOD will let it go down to the wire before making a decision. if you don't like the news, just post a personal attack and divert the discussion. lol
BEIJING: US tech giant Apple has won a case relating to patent on voice recognition technology in China over a Chinese government agency and a Shanghai technology company.
The patent infringement dispute between Apple and Zhizhen goes back to June 2012, when Zhizhen, developer of speech recognition technology Xiao i Robot, filed a case against Apple for infringement of intellectual property rights, claiming that Siri technology violates its patent for "a type of instant messaging chat robot system."
Northeastern Health System officials say they are committed to providing unsurpassed excellence in health care. Central to this mission is attracting the best physicians to the Tahlequah community.
To that end, NHS has searched for and adopted a documentation process that will be efficient and will remain current with the new Affordable Care Act guidelines and Meaningful Use mandates.
NHS is implementing Nuance’s Medical Network Voice Recognition Software Dragon to be used by the medical providers to dictate in “real-time.”
no you are the doofus that conveniently shows up to attack anyone else who posts an opinion or topic of discussion. you always act like you know everything, but in reality you are just an ignorant, disgruntled ex-employee with absolutely nothing good to say about your former employer. you are neither an investor or potential investor according to your past comments and you definitely are not here to engage in intelligent discussion. you're sole purpose for posting here is to disrupt the discussion and turn every thread into a lengthy attack. on the other hand, I (peso) do indeed have a core position in NUAN stock and swingtrade it as well... my opinions are those of an investor.
dumbtwat, your fixation with painting a one-sided negative story regarding your former employer when you have consistently said you have no investment here and no intentions to own/trade the stock says it all. get lost, find a dog... you obviously have no job, no wife, no friends, no clue... no wonder you were fired.
only 6-months remaining in Ricci's existing employment contract. very curious that the BOD didn't renew it last November as they did the prior year. interpret as you like, but to me it's a good thing if Ricci feels some pressure to perform as it could lead him toward considering a buyout rather than be terminated.
i would agree that people's predictions aren't worth squat, especially yours. with so much residual hostility toward the company that fired you, how could anyone think you had any real insight into what's happening in the industry or what may happen in the future. get back to you floor sweeping job at HIMSS before you lose that job too... but be sure to respond with another of your one-sided negative posts about Nuance so we know you're still following closely the company for which you have no investment interests. lol
i don't believe IBM will suddenly buyout Nuance, but you're wrong about IBM's minimal toe-dipping into healthcare. with Nuance healthcare taking in more than 40% of the revenues and growing, this company could still be bought by Samsung which has a large healthcare division.
April 16, 2015: IBM Watson Health and Apple to Bring Artificial Intelligence In Health Care Sector
IBM wants to use its Watson artificial intelligence software dramatically to improve the quality and effectiveness of health systems. The big blue company has established a new division called IBM Watson Health allowing patients, physicians, researchers and insurance sectors to deal effectively with health data.
The new group, based in Boston and presence in New York, will feature 2,000 professionals including consultants, doctors, health professionals, developers and researchers, whose work will be aimed at accelerating the development and adoption of the capabilities of Watson Health.
could be HFT machine reading the headlines on "IBM Watson Healthcare" but i will take the profits today and reset for the next hickup.
April 6, 2015:
MUMBAI: When a customer calls up ICICI Bank in coming weeks, in the 10 seconds that he introduces himself the bank's servers will identify his account details and authenticate his identity by picking a voice sample and matching it with the database. Not just that, in future voice data would be analyzed to identify whether the caller is agitated, irate or in a hurry to avoid cross-sell pitches.
ICICI Bank has become the first in the country and among the few in the world to deploy voice-recognition technology for biometric authentication. The new facility will enable customers to call up and ask for funds to be transferred to registered beneficiaries or bills to be paid without having to enter 16-digit numbers or keying in their PIN.
The cutting-edge technology comes from Nuance Communications, a Massachusetts-based firm that created the technology behind Siri - Apple's voice-recognition software. According to Rajiv Sabharwal, executive director, ICICI Bank, the technology will provide a big leg-up for financial inclusion as the process of authentication can be done seamlessly without requiring the caller to speak specific words on in any particular language.
TransUnion has announced that it is developing a voice biometric registry. The project has been undertaken in collaboration with South African voice biometrics developer OneVault, with an aim to offer the registry as a pay-per-use service for other businesses.... OneVault is no stranger to the voice biometrics field, having a rich history in securing banks and other major institutions, and most recently having teamed up with Nuance to equip major South African financial services firm Investec with voice biometric security for its clients.
the only good we've seen lately is...
1) House passed SGR bill without and ICD-10 delay ammendment.
2) Senate postponed a vote on SGR and recessed for 2-weeks. expect quick SGR passage after a brief
attempt to increase CHIP funding for 4-yeasri nstead of 2-years the current SGR bill proposes.
3) ICD-10 looks more likely to happen not that doctors are appeased by SGR and if no delay ammendment
get added by Senate then this uncertainty overhang will fade. healthcare revenues should pick up pace.
4) only 7-months remaining in Ricci's emplyment agreement which curiously has not yet been renewed,
leaving some small hope that the BOD may be getting pressure from Icahn group to show progress.
nothing great for news, but Ricci is definitely running out of time to accomplish the revenue transition
and cut expenses. Icahn must be angry by now?
that's Washington state... but still it's good news as more entities are starting to spend money and prepare for ICD-10. Nuance healthcare division revenues could double within the next 2-years as EHR, ICD, and CAC push insurers, hospitals and physicians toward much more automation in the clinical documentation process. next week we'll see whether ICD-10 can avoid another delay as part of SGR bill.
the fear is that the SGR bill (doc-fix) being prepared for a vote in the House within the next two weeks will again carry a last-minute ammendment to delay ICD-10. if they don't delay icd-10 within the upcoming SGR bill, the next opportunity (with the CHIP Extension Act) will come too late. hospitals and insurer groups have been active to push back against AMA suggestions for another delay, so it would be interesting to see whether the House will do the right thing or use an icd-10 delay as political bargaining chip for a full doc-fix repeal.
The Addition of Dragon Medical Software Has Robotnik Poised to Deploy and Implement the Future of Voice Recognition Within the Canadian Market
HALIFAX, NS -- (Marketwired) -- 03/12/15 -- Halifax-based IT solutions firm, Robotnik, has added Dragon Medical Practice Edition 2 speech-recognition software from Nuance Communications to its roster of products. Dragon Medical Practice Edition 2 lets clinicians use a narrative format to dictate patient encounters in their own words, including history of present illness, review of symptoms, physical examinations and more.
"We're excited to offer the industry leading, advanced features of Dragon Medical Practice Edition 2 to our clients so they can dramatically reduce the amount of time and money spent on patient record documentation," said Robotnik founder Tomek Obirek.
Robotnik can provide full IT support for Dragon Medical Practice Edition 2 to any medical clinic or physician, including installation, training and on-site service.
Physicians who adopt Dragon Medical Practice Edition 2 can turn speech into text three times faster than typing, with more than 99 percent accuracy, right out of the box. Over 200,000 physicians worldwide have adopted the original version of Dragon Medical Software.
google for full article: ICD-10 proponents ready to fight any delays linked to 'doc fix'
"Proponents of implementing the ICD-10 diagnostic and procedural coding system are vowing not to be ambushed during this year's “doc fix” legislation debate in Washington. A last-minute delay in ICD-10 implementation for 2014 surprisingly was tucked into last year's federal “doc fix” bill. Talks about how to stave off a 21.2% cut in Medicare payments to doctors have heated up on Capitol Hill in recent days. Legislators have until March 31 to pass legislation to prevent the sustainable growth-rate (SGR) formula from being implemented."
more positive is the CEO's employment contract expires in November and the BOD has curiously not yet renewed it. shareholders would be better served if Ricci resigned.
"On November 12, 2013, the Compensation Committee of the Board of Directors of Nuance Communications, Inc. approved an amendment to the existing employment agreement with Paul Ricci, the Company’s Chairman and Chief Executive Officer. The Amendment extends the term of the Employment Agreement for an additional year through November 11, 2015. The term of the Employment Agreement may be extended for additional one-year terms upon the mutual written consent of the Company and Mr. Ricci at least 180 days prior to November 11, 2015 or the expiration of any successive one-year term."
Icahn has a cost-basis slightly over $18 and it would be very easy for him to make a tender offer at $20 just to force the board to consider a sales process. Icahn has pulled this stunt before to get the ball moving. it's worth noting that Ricci's employment contract has still not been renewed as it expires later this year. the previous time it was extended by 1-year and approved by BOD in november, a full year ahead of expiration of his last contract. each month that passes without renewal, the better for shareholders. 2015 is the year Ricci must pass with flying colors on the revenue transition or fail and get the boot. at $14 this is a definite buyout target and Goldman's public opinion to the contrary is an even better hint that NUAN could go PE buyout route. in this market, NUAN should easily be worth $22-24 to Samsung as a whole... but Ricci is blocking any sale as that would end his job.
at last count he had 244,800 shares, 200,000 of which were added to average down his $80,000 investment on 44,800 shares with what appeared to be a $1.78 cost-basis. assuming he paid $0.08 for the 200,000 shares, he now has $96,000 invested in DNDNQ for a cost basis around $0.39 but the total value for his shares at present is roughly $12,000 meaning he has approx $84,000 in unrealized losses. LOL
will he sell and save $12,000 or hang on and lose everything ? ya never know, strange things do happen right before a stock gets cancelled. i'm betting he won't sell and will instead walk away a ZERO.