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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Nuance Communications, Inc.    NUAN

NUANCE COMMUNICATIONS, INC.

(NUAN)
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Nuance Communications Inc. : Cerner and Nuance Expand Collaboration to Embed Nuance Cloud-Based Voice Technology with Cernerísģ Mobile EHR Solutions

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10/10/2012 | 10:21am EDT
Two Industry Leaders Drive Smart Healthcare IT Adoption with Mobility and Voice Recognition

KANSAS CITY, CERNER HEALTH CONFERENCE, October 10, 2012 - Cerner (NASDAQ: CERN) and Nuance Communications, Inc. (NASDAQ: NUAN) today announced that the companies have expanded their relationship to accelerate the adoption of simpler, faster and smarter healthcare solutions for clinicians worldwide. The expanded partnership reflects both companies' commitment to providing innovative, proven solutions that keep patient care a top priority by leveraging voice and mobile technologies to optimize clinician workflow and maximize the benefits of electronic health records (EHRs).


Under a new worldwide agreement, Cerner will embed Nuance's cloud-based medical voice recognition into its full portfolio of mobile EHR solutions - including PowerChart Touch™ that was announced at the Health Information Management Systems Society (HIMSS) conference in February. This integration will create a new class of mobile healthcare solutions on phones and tablets that enable clinicians to capture more complete patient notes, navigate applications and search for information while on-the-go - simply by using their voice.


In addition, Cerner and Nuance announced the availability and integration of Nuance's radiology reporting suite, PowerScribe 360, with Cerner's RadNet® Radiology Information System (RIS). This solution is an example of both companies' ongoing innovation and will allow radiologists to dictate, in real-time, reports that are integrated directly and instantly with the patient record.


"The expansion of our partnership with Nuance, a company that offers voice and clinical understanding solutions used by 450,000 clinicians worldwide, exemplifies our commitment to provide state-of-the-art solutions to customers across the globe," said Don Bisbee, senior vice president of DeviceWorks at Cerner. "By incorporating Nuance's voice recognition capabilities into our core clinical applications including our latest mobile solution, PowerChart Touch, we are able to provide the healthcare industry with a simple, fast method of capturing complex medical information within the patient record at the point-of-care."


PowerChart Touch is a mobile, cloud-based solution that is part of the Millennium+ portfolio. PowerChart Touch offers role and venue-based mobile workflows which allow physicians to perform their job duties straight from a mobile device. PowerChart Touch will provide a true native application experience across an array of platforms. Nuance's 360 | SpeechAnywhere medical voice recognition solution, the technology that is embedded within PowerChart Touch, is also cloud-based. Together, Cerner and Nuance solutions will help simplify the large scale deployment of these integrated technologies, while also reducing the overall cost of ownership for customers.


"For more than 30 years, Cerner has proven its ability to create digital technologies that solve problems and positively impact patient care. Its most recent mobile innovations are a prime example of how these solutions are transforming the EHR experience today, and a key reason why now is the right time to expand our partnership. Cerner's solutions are enabling clinicians to experience a fully functional EHR - anytime and anywhere - and voice is playing an important role in making this a reality," said Janet Dillione, executive vice president and general manager of Nuance Healthcare. "We are excited to expand our partnership and confident that intuitive, voice-enabled technologies with deep Cerner integration will spur further industry innovation, improve the clinician experience and help focus efforts on the core mission - providing quality patient care."


The PowerChart Touch with embedded Nuance 360 | SpeechAnywhere services, RadNet with Nuance PowerScribe 360 integration, and PowerChart with Dragon Medical 360 | Network Edition solutions are currently on display at the Cerner Health Conference.


Cerner

Cerner is contributing to the systemic change of health and care delivery. For more than 30 years Cerner has been executing its vision to make health care safer and more efficient. We started with the foundation of digitizing paper processes and now offer the most comprehensive array of information software, professional services, medical device integration, remote hosting and employer health and wellness services. Cerner systems are used by everyone from individual consumers, to single-doctor practices, hospitals, employers and entire countries. Taking what we've learned over more than three decades, Cerner is building on the knowledge that is in the system to support evidence-based clinical decisions, prevent medical errors and empower patients in their care.


Cerner® solutions are licensed by approximately 9,300 facilities around the world, including more than 2,650 hospitals; 3,750 physician practices; 40,000 physicians; 500 ambulatory facilities, such as laboratories, ambulatory centers, cardiac facilities, radiology clinics and surgery centers; 800 home health facilities; 40 employer sites and 1,600 retail pharmacies. For more information about Cerner, please visit www.cerner.com, Twitter, Facebook and YouTube.


Nuance Healthcare

Nuance Healthcare, a division of Nuance Communications, is the market leader in providing clinical understanding solutions that accurately capture and transform the patient story into meaningful, actionable information. Thousands of hospitals, providers and payers worldwide trust Nuance voice-enabled clinical documentation and analytics solutions to facilitate smarter, more efficient decisions across the healthcare enterprise. These solutions are proven to increase clinician satisfaction and HIT adoption, supporting organizations to achieve Meaningful Use of EHR systems and transform to the accountable care model. Recognized as "Best-in-KLAS" 2004-2011 for Voice Recognition we invite you to learn more, http://www.nuance.com/for-healthcare/index.htm.


Connect with Nuance Healthcare on:

For the Health of IT blog: http://nuancehealthcareblog.com/


Twitter: http://bit.ly/NuanceHCTwitter


Facebook: http://on.fb.me/NuanceHCfacebook


YouTube: http://bit.ly/NuanceHCYouTube


LinkedIn: http://linkd.in/NuanceHCLinkedIn


Nuance Communications, Inc

Nuance Communications, Inc. (NASDAQ: NUAN) is a leading provider of voice and language solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with devices and systems. Every day, millions of users and thousands of businesses experience Nuance's proven applications. For more information, please visit www.nuance.com.

Certain trademarks, service marks and logos (collectively, the "Marks") set forth herein are owned by Cerner Corporation and/or its subsidiaries in the United States and certain other countries throughout the world. All other non-Cerner Marks are the property of their respective owners. Nasdaq: CERN.

Nuance and the Nuance logo are trademarks or registered trademarks of Nuance Communications, Inc. or its affiliates in the United States and/or other countries. All other company names or product names may be the trademarks of their respective owners.

The statements in this press release relating to future plans, events or services, are forward-looking statements which are subject to specific risks and uncertainties. There are a number of factors which could cause actual events or results to differ materially from those indicated in such forward looking statements, including fluctuations in demand for the Nuance products, and the continued development of Nuance products. The reader is warned not to rely on these forward-looking statements without reservation, since these are simply reflections of the current situation. Nuance disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this document.

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Financials (USD)
Sales 2020 1 472 M - -
Net income 2020 51,0 M - -
Net Debt 2020 1 163 M - -
P/E ratio 2020 189x
Yield 2020 -
Capitalization 9 420 M 9 420 M -
EV / Sales 2020 7,19x
EV / Sales 2021 6,92x
Nbr of Employees 8 100
Free-Float 97,9%
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Mean consensus BUY
Number of Analysts 8
Average target price 34,86 $
Last Close Price 33,37 $
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Spread / Lowest Target -22,1%
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Mark D. Benjamin Chief Executive Officer & Director
Lloyd A. Carney Independent Non-Executive Chairman
Daniel David Tempesta Chief Financial Officer & EVP-Finance
Mark Sherwood Chief Information Officer & Senior Vice President
Joseph Carl Petro Chief Technology Officer & Executive VP
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