Microsoft said on Monday it would buy artificial intelligence and speech technology firm Nuance Communications for about $16 billion (€13.43 billion) in cash, as it builds out its cloud strategy for healthcare. The deal comes as both companies, which partnered in 2019 to automate clinical administrative work such as documentation, gain from a boom in telehealth services with medical consultations shifting online due to the Covid-19 pandemic. "Nuance provides the AI layer at the healthcare point of delivery," Microsoft chief executive Satya Nadella said in a statement, adding "AI is technology's most important priority, and healthcare is its most urgent application." Microsoft's offer of $56 per share represents a premium of 22.86 per cent to Nuance's last close. Shares of Nuance rose nearly 23 per cent in pre-market trading.
The launch will give physicians and consumers throughout the country access to TytoCare's leading, AI-powered remote examination solution, replicating in-person visits from the comfort of home during the pandemic and beyond TytoCare, the global healthcare industry's first all-in-one modular device and examination platform for AI-powered, on-demand, remote medical exams, today announced the launch of its telehealth solution in Ukraine. The launch is taking place via an exclusive partnership with GIVA Care Group, a leading healthcare distribution company, who will introduce TytoCare to the Ukrainian healthcare industry. This marks the first time such an advanced telehealth device and platform will be available to Ukrainian physicians and consumers. The COVID-19 pandemic has heavily impacted Ukraine, with over 37,000 fatalities and over 400,000 people currently infected with the virus. As a result, the Ukrainian healthcare ecosystem is seeking digital health solutions that will help physicians provide the best possible care both for coronavirus patients as well as the general population seeking ongoing care and looking to avoid hospitals and clinics.
First published on March 12, 2021, on Hewlett Packard Enterprise's Enterprise.nxt, publishing insights about the future of technology. Edge computing and AI promise to make healthcare delivery cheaper, easier, and better for everyone. It couldn't happen at a better time. Here's one problem the pandemic has underscored: A healthcare system that was not terribly efficient to begin with now seems stressed to the breaking point. Infectious diseases are on the rise.
The demand for triaging technologies like conversational bots has risen sharply as the pandemic reaches new peaks. Millions of patients wait at least two hours to see a health care provider, according to a study published by the U.S. Centers for Disease Control and Prevention (CDC). Tech giants like IBM, Facebook, and Microsoft have partnered with governments and private industry to roll out chatbot-based solutions in response, as have a number of startups. Companies like Current Health and Twistle have teamed up with Providence and other health care providers to pilot at-home health-tracking platforms. Even before the pandemic, nine in 10 seniors said they would prefer to stay in their homes over the next 10 years, highlighting the need for remote health monitoring solutions.
Prior to the coronavirus pandemic, the use of digital technology in healthcare was on a steady rise; however, the pandemic has spurred rapid development of digital health technology as well as rapid adoption and utilization of that technology in the industry. Digital health holds the promise of increased accessibility to high-quality, patient-centered care that can also increase patient engagement and reduce costs. However, the full realization of this promise may be threatened by policy and regulation that is failing to keep pace with and encourage this evolution. There is no universally accepted definition of digital health. In fact, researchers studying the definition recently came across no fewer than 95 published definitions for the concept of digital health.1 There were, however, some clear patterns: there is an emphasis on how data is used to improve care; there is a focus on the provision of healthcare, rather than the use of technology; and the definitions tend to highlight the well-being of people and populations over the caring of patients with diseases. As used in this article, digital health encompasses the use of digital tools and technologies to improve and manage an individual's or a population's health and wellness.
The healthcare industry is straining under the impact of COVID-19. The sudden influx of patients in hospitals is exposing vulnerabilities in the current healthcare system. Some hospitals became hotspots for infection, disrupting routine healthcare procedures, while others closed their Outpatient Departments (OPDs), fearing transmission. This dire situation ushered in a massive digital transformation of the healthcare industry to improve care quality, reduce operational costs, and save time for treatments. Although the pandemic accelerated the transformation and saw pioneering research in medical science, healthcare advancement is a phased evolution.
The global pandemic has forced all of us to go digital and online events are no longer uncommon, even when it comes to global shows such as CES. As one of the world's most influential tech events, CES is where breakthrough technologies converge, the sharpest innovators hit the stage, and the world's biggest brands do business. CES 2021 made history as the largest virtual tech event. It featured every aspect of the tech sector and covered over 40 product categories including AI, IoT and sensors, 5G connectivity, AR and VR, blockchain, digital health, drones, fintech, e-commerce, robotics, smart homes, and smart cities. Almost 2,000 companies launched their products during this event. Auriga certainly could not miss this first-ever all-digital CES 2021 and joined over 80,000 attendees from 167 countries to network with the global tech community, meet new prospects and partners, experience innovation, and discover new takeaways.
It would be difficult to overestimate the impact COVID-19 appears to be having on the automation sector. No where will the change be more apparent than in healthcare, where a major transition to automation has long been in the offing. What would have been a slower easing in has, in light of overstressed capacity in some areas of healthcare (and an eerie diminishment of demand in others), as well as a complete reorientation of consumer expectations in the pandemic era, set the stage for a jarring transformation. Healthline cuts through the confusion with straightforward, expert-reviewed, person-first experiences -- all designed to help you make the best decisions. Major hospitals have deployed specialized robot nurses with remote patient monitoring tech so that doctors can keep an eye on people from afar.
President Trump reacts to the media and Big Tech's role in politics in a'Sunday Morning Futures' exclusive. The year 2020 proved to be a pivotal one in tech, as companies provided essential services during the coronavirus pandemic and unveiled 5G telecom technology while facing unprecedented antitrust scrutiny and accusations of censorship amid an intense election and social justice movement. "I think sometimes we hear that … U.S. innovation is slowing down, and I think the last year has shown that that's not really the case," Neil Chilson, senior research fellow for tech and innovation at the Charles Koch Institute, told Fox News. Chilson gave examples of the country's rapid COVID-19 vaccine development, SpaceX's astronaut launch in May and autonomous driving company Waymo's recent announcement that its self-driving cars will be completely autonomous in trials in Phoenix. "I'm pretty excited about the future. I think 2020 shows that the U.S. is still the world leader in tech and innovation, and we should continue to maintain our cultural appreciation for innovation and a regulatory environment that enables it," he said.
COVID-19 has become an unprecedented disruption to all facets of the healthcare industry in a very short amount of time. Although the healthcare technology industry has been slow growing in the past, innovation is needed to deal with the pandemic. AI in healthcare, as well as other important technologies, are critical to resolving the crisis and for generating future growth. To better understand where the healthcare technology industry is going, studying key tech trends is paramount. Although proven systems are often preferred for their reliability, businesses are always looking for new ways to improve their performance, productivity, and efficiency. Now, let's talk about healthcare technology trends in 2021. COVID-19 has greatly accelerated the use of telehealth resources.