Burlington, Mass.-based Nuance Communications, the company behind such voice control software as Apple's Siri, is expanding into the medical technology industry with two recent acquisitions, according to The Boston Globe.
Nuance bought J.A. Thomas and Associates, a clinical documents company from Atlanta, and Quantim, a health information business from Reston, Va.
The company's hopes the two firms will help them bring voice recognition to medical records and billing processes. Nuance's technology may be able to transform spoken clinical languages into data to be cataloged by computers, a skill which will be increasingly useful as the ICD-10 transition takes place and more than 100,000 new codes are adding to the medical billing system.
Nuance has spent more then $3.6 billion on 34 acquisitions in the past decade.
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Nuance bought J.A. Thomas and Associates, a clinical documents company from Atlanta, and Quantim, a health information business from Reston, Va.
The company's hopes the two firms will help them bring voice recognition to medical records and billing processes. Nuance's technology may be able to transform spoken clinical languages into data to be cataloged by computers, a skill which will be increasingly useful as the ICD-10 transition takes place and more than 100,000 new codes are adding to the medical billing system.
Nuance has spent more then $3.6 billion on 34 acquisitions in the past decade.
More Articles on Coding, Billing and Collections:
Medicare RACs Recoup Record-High $657M in Third Quarter
Study: Medicare Has Overpaid Private Insurers $283B Since 1985
Louisiana Physicians Pleads Guilty to Fraudulent Healthcare Billing