Cerner and Nuance’s intertwined businesses
Of a mobile EHR app’s features, speech recognition is considered to be of paramount importance, since a physician’s hands are often needed elsewhere. In February, M*Modal and Intermountain Healthcare announced their collaboration on the industry’s first speech-enabled computerized physician order entry, or CPOE, device for iOS devices.
However, a larger partnership that has attracted more attention is the one between Cerner Corporation (NASDAQ:CERN) and Nuance Communications Inc. (NASDAQ:NUAN), the primary creator of Apple Inc. (NASDAQ:AAPL)’s Siri personal assistant. Last October, Cerner Corporation (NASDAQ:CERN) announced that it would embed Nuance Communications Inc. (NASDAQ:NUAN)’s cloud-based medical voice-recognition technology into all of its mobile EHR products.
In addition to this collaboration in voice-recognition technologies, Cerner Corporation (NASDAQ:CERN) has also incorporated Nuance Communications Inc. (NASDAQ:NUAN)’s clinical documentation improvement, or CDI, technology into its EHR services to improve the quality and accuracy of its clinical data. Updated CDI technology has become a top priority for many EHR companies upgrading to ICD-10-CM, a standardized classification system for diseases that companies are required to comply with by October 2014. Nuance Communications Inc. (NASDAQ:NUAN) has also integrated its iPad radiology reporting suite, PowerScribe 360, into Cerner’s RadNet radiology information system.
Therefore, Cerner Corporation (NASDAQ:CERN)’s increasingly close relationship with Nuance Communications Inc. (NASDAQ:NUAN) will be a key one to watch for new speech-recognition features in mobile EHR apps.
The Foolish takeaway
In addition to Apple Inc. (NASDAQ:AAPL), Cerner Corporation (NASDAQ:CERN), and Nuance Communications Inc. (NASDAQ:NUAN), investors should also be paying attention to Greenway, NextGen, Allscripts, and General Electric, which all offer mobile EHR apps. These apps could increase the accuracy and efficiency of practices, and revolutionize the health care IT industry in the near future.
The article How Mobile EHR Apps Can Revolutionize and Mobilize Health Care originally appeared on Fool.com and is written by Leo Sun.
Leo Sun owns shares of Apple. The Motley Fool recommends Apple and Nuance Communications. The Motley Fool owns shares of Apple and Nuance Communications.
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