NUAN - NUAN STOCK NEWS

Nuance Communications (NASDAQ: NUAN) has been recognized as the #1 Best Place to Work by Built In Boston for 2021. This accolade is based on employee satisfaction metrics, including compensation, benefits, and company culture. In addition to the top ranking, Nuance also secured first place for Best Perks and Benefits. The company's commitment to Diversity, Equity, and Inclusion is highlighted as integral to its success in retaining top talent. Nuance continues to receive various accolades, further establishing its reputation as a desirable employer in the tech industry.

Nuance Communications (NASDAQ: NUAN) has launched an AI-powered patient engagement virtual assistant platform aimed at enhancing digital experiences in healthcare. This platform leverages decades of healthcare expertise and integrates with existing systems such as EHR and CRM, allowing healthcare providers to modernize their patient interactions. A recent survey highlighted the increasing demand for digital services among patients, with 68% preferring a customized experience. The platform promises to improve clinical outcomes and patient satisfaction while streamlining operational efficiency.

Nuance Communications (NASDAQ: NUAN) announced that Rush University Medical Center expanded its use of the Nuance® Dragon Ambient eXperience™ (DAX™) in 14 clinical specialties. This technology aims to alleviate clinical documentation burdens and enhance patient experiences during in-person and telehealth visits. Following a successful pilot, physicians reported an increase in patient throughput by up to 38%. Rush's partnership with Nuance emphasizes the growing adoption of ambient clinical intelligence technology across healthcare systems.

Nuance Communications (NASDAQ: NUAN) announced a partnership with the Industrial Bank of Korea (IBK) to launch the banking industry's first voice biometrics solution for video calls. This advanced AI technology protects over 100,000 customers from fraud by authenticating their identities during video and phone interactions. As digital banking increases due to the pandemic, fraud attacks have surged by 200-400%. Nuance Gatekeeper, which analyzes voice characteristics for secure communication, aims to enhance customer safety and convenience.

Nuance Communications, Inc. (NASDAQ: NUAN) has partnered with McLeod Health to deploy its Surgical Computer-Assisted Physician Documentation (CAPD) solution. This initiative aims to ensure accurate reimbursement, enhance surgeon satisfaction, and reduce administrative burdens. McLeod Health, which faced revenue challenges due to COVID-19 delays, reports that accurate documentation can prevent financial losses. The CAPD solution automates documentation tasks and improves billing accuracy, crucial for the hospital's financial stability. This partnership builds on McLeod’s prior success with Nuance’s Dragon Medical One platform.

Nuance Communications (NASDAQ: NUAN) has been honored with two prestigious awards at the thirteenth annual Corporate Governance Awards. The company was recognized for having the best governance team of the year, and its Executive Vice President, Wendy Cassity, was named governance professional of the year in the small- to mid-cap category. Nuance's CEO, Mark Benjamin, praised the team's commitment to corporate governance and ethics amid challenging times due to the pandemic. This recognition highlights Nuance's dedication to transparency and ethical practices.

Nuance Communications (NASDAQ: NUAN) has integrated Common Data Elements (CDE) interoperability standards into its PowerScribe One solution, enhancing radiology reporting. This collaboration with the CDE Steering Subcommittee aims to improve patient and provider experiences by generating actionable data. The integration allows real-time extraction and sharing of structured clinical data across systems, which enhances workflow efficiency and reduces radiologist burnout. Notable benefits include improved report consistency and better care coordination, ultimately aiming for superior patient outcomes.

Nuance Communications (NASDAQ: NUAN) reported its fourth quarter and fiscal year results for the period ending September 30, 2020, showing a GAAP revenue of $352.9 million and a GAAP net loss of $22.8 million, compared to a net income of $3.0 million in Q4 2019. Non-GAAP earnings per diluted share were $0.18, down from $0.23 year-over-year. The company achieved 29% growth in cloud-based ARR in Healthcare, reaching $386 million. Additionally, Nuance announced the planned sale of its medical transcription services to focus on Conversational AI, positioning itself for future growth.