Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

NUANCE COMMUNICATIONS, INC.

(NUAN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Nuance Communications : Improving financial performance with the Dragon Ambient eXperience

09/15/2021 | 08:33am EDT
Improving financial performance with the Dragon Ambient eXperience

Financial recovery and resiliency are of the utmost importance for healthcare organization. The age-old saying, 'time is money,' is especially accurate when referring to physicians' time. In this blog, Dr. Jared Pelo, CMIO of Nuance, will discuss the value of physicians' time-and provide tips on how their time can best be utilized to achieve desired financial outcomes.

Posted September 15, 2021

In today's climate, financial recovery is of the utmost importance. The age-old saying, 'time is money,' is especially accurate when referring to physicians' time. In this blog, we'll discuss the value of physicians' time-and how their time can best be utilized to achieve desired financial outcomes.

Provider burnout has become a $4.6 billion dollar a year problem, resulting in patient and provider churn and a growing physician shortage due to those leaving the profession, spurring physician hiring competition. And burnout is increasing.

How much money is a physician's time worth? According to Medscape, the mean salary of a doctor in the United States is $294k per year. It varies by specialty and geography; for example, neurosurgeons earn $663k per year on average, while a pediatric infectious disease doctor earns $192k per year on average. To achieve financial goals, healthcare organizations must optimize physicians' time to boost efficiency and productivity, increase throughput, and improve the patient-provider experience. But how can these aims be achieved?

Top five ways to improve financial outcomes:

  1. Save time documenting care and boost revenue

Reduce time documenting care and put that time saving into seeing more patients, which can result in significant incremental revenue from additional services.

  1. Reduce provider churn by decreasing burnout

Decrease documentation time and give the time savings back to physicians or give some of the time savings back to physicians and use some to see additional patients.

  1. Reduce patient churn with a better patient-provider experience

Enable physicians to fully focus on their patients and not their documentation and deliver a better patient experience.

  1. Get a competitive edge and attract top talent

Decrease burnout and enable physicians to practice at the top of their license to attract and retain top talent.

  1. Transform healthcare with Conversational AI

Use Nuance's AI-powered ambient clinical intelligence solution, the Dragon Ambient eXperience™ (DAX™) to increase efficiencies that enable physicians to focus on patients, deliver quality care, and improve financial outcomes from time savings.

Nuance DAX is widely used throughout the U.S. for telehealth and in-office visits across all ambulatory specialties, including primary care and urgent care. It's delivering tangible results that are positively impacting healthcare organizations, providers, and patients.

'DAX saves me significant time every day. It decreased my daily documentation time by 75%.'

- Chris Deibert, Urologist, Nebraska Medicine

The cloud-based, HITRUST CSF-certified solution can be used anywhere. It works with any telehealth platform and is integrated with Microsoft Teams for a seamless workflow.

The clinical documentation produced by DAX is tailored to each specialty and adheres to established documentation standards, reducing the burden of compliance expertise, and enabling appropriate coding

'The clinical documentation burden has long been a pain point for our clinicians, making it difficult to bill and code accurately, which is an important piece of revenue integrity. Nuance DAX allows us to fill the gaps in the patient narrative and improve clinical documentation by providing more complete and accurate notes. More importantly, it allows our doctors to be doctors and gives them the mental space to focus on what matters-delivering empathy and expert care for which they trained.'

- Dr. Jordan Dale, Acting Chief Medical Informatics Officer, Rush University Medical Center

'The Nuance DAX solution will truly transform how our physicians engage with patients. It addresses the industry-wide problem of physician burnout from administrative overload while increasing both physician and patient satisfaction. DAX is a true differentiator, and one that we are certain will draw top talent to our organization.'

- Dr. Snehal Gandhi, CMIO, Cooper University Health Care

Tags: Ambient Clinical Intelligence, clinical documentation, physician burnout

Disclaimer

Nuance Communications Inc. published this content on 15 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2021 12:31:05 UTC.


© Publicnow 2021
All news about NUANCE COMMUNICATIONS, INC.
10/13NUANCE COMMUNICATIONS : Says University of Michigan Health-West Expanded Use of Dragon Amb..
MT
10/13NUANCE COMMUNICATIONS : University of Michigan Health-West Expands Adoption of the Nuance ..
PR
10/13University of Michigan Health-West Expands Adoption of the Nuance Dragon Ambient eXperi..
CI
10/12OUR GLOBAL SECURITY TEAM : Superheroes keeping us safe and secure
PU
10/11NUANCE COMMUNICATIONS : How Vodafone adopted best practices for its COVID-19 response plan
PU
10/07RETAIL FRAUD : Why consumer identities must evolve with biometric security
PU
10/04INTELLIGENCE AT WORK : Avicenna.AI detects and prioritizes suspected intracranial hemorrha..
PU
09/29NUANCE COMMUNICATIONS : Senior Notes Indenture (Form 8-K)
PU
09/29NUANCE COMMUNICATIONS, INC. : Other Events (form 8-K)
AQ
09/29NUANCE COMMUNICATIONS : Named One of 2021's "100 Best Companies" and "Best Companies for D..
PR
More news
Analyst Recommendations on NUANCE COMMUNICATIONS, INC.
More recommendations
Financials (USD)
Sales 2021 1 380 M - -
Net income 2021 -14,7 M - -
Net Debt 2021 1 077 M - -
P/E ratio 2021 -1 102x
Yield 2021 -
Capitalization 17 333 M 17 333 M -
EV / Sales 2021 13,3x
EV / Sales 2022 12,5x
Nbr of Employees 7 100
Free-Float 98,3%
Chart NUANCE COMMUNICATIONS, INC.
Duration : Period :
Nuance Communications, Inc. Technical Analysis Chart | NUAN | US67020Y1001 | MarketScreener
Technical analysis trends NUANCE COMMUNICATIONS, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 55,11 $
Average target price 57,00 $
Spread / Average Target 3,43%
EPS Revisions
Managers and Directors
Mark D. Benjamin Chief Executive Officer & Director
Daniel David Tempesta Chief Financial Officer & EVP-Finance
Lloyd A. Carney Independent Non-Executive Chairman
Mark Sherwood Chief Information Officer & Senior Vice President
Joseph Carl Petro Chief Technology Officer & Executive VP
Sector and Competitors
1st jan.Capi. (M$)
NUANCE COMMUNICATIONS, INC.24.99%17 333
MICROSOFT CORPORATION39.00%2 321 142
SEA LIMITED78.50%196 181
ATLASSIAN CORPORATION PLC80.96%106 965
ZOOM VIDEO COMMUNICATIONS, INC.-17.71%82 477
DASSAULT SYSTÈMES SE40.43%71 364