MT India Newsletter - http://www.MTIndia.info/

Mar 24, 2007
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Newsletter - Nuance to Acquire Focus Infomatics...

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Dear Friends,

Nuance Communications, Inc. announced a definitive agreement
whereby Nuance will acquire Focus Infomatics, Inc. This acquisition
will expand Nuance's ability to deliver Web-based speech
recognition editing services and significantly accelerate Nuance's
strategy to automate manual transcription in healthcare, where an
estimated $15 billion is spent worldwide each year. Focus' proven
technology and services portfolio, in conjunction
with the Dictaphone iChart Web-based transcription solutions, will
ensure the most efficient and scalable Internet delivery of
automated transcription as a service.

Focus Infomatics is one of the most respected speech recognition
services organizations in healthcare, serving some of the U.S.'s
largest healthcare organizations such as Ardent Healthcare, MD
Anderson Cancer Center and Brigham and Women's Hospital. The
company combines the use of speech recognition, a Webbased editing
platform and an optimized India -based operation to achieve
superior customer satisfaction, turnaround time and cost
efficiency. Focus' practices have garnered the industry's highest
customer satisfaction as evidenced by its 2006 Best in KLAS®
ranking by KLAS Enterprises, an independent organization that
monitors performance of healthcare vendors worldwide.

"The pressing requirement for automation in the healthcare industry
presents a significant opportunity for the adoption of Nuance
speech-enabled solutions," said Paul Ricci, chairman and CEO at
Nuance. "In particular, Focus' outstanding reputation for speech
editing services and highly skilled workforce will support the
rapid growth of iChart, our hosted speech-enabled transcription
service. By combining Nuance's premier speech technology and Focus'
proven services, we expect to accelerate our objective to eliminate
manual transcription."

The acquisition was funded with cash. Consideration after
adjustments is approximately $58 million. The acquisition has been
approved by both companies' Boards of Directors and is expected to
close by March 31, 2007.

To read the entire press release, go to :

http://www.focusinfomatics.com/2007-03-15_Focus_Release_FINAL.pdf

Cheers!

Dr Amit Chatterjee, SM
Strategist / Founder ~ mailto:amit@...
MT India ~ www.mtindia.org
"The Community of MT Professionals"

"It takes years to become an overnight success! Inch by inch, it's
a cinch."

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NEWS AND VIEWS :
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1) iMedX acquires Tidewater Transcription Services

iMedX Inc., announced that it has acquired Tidewater Medical
Transcription Services Inc., (TMTS). TMTS, founded in 1999,
currently serves medical clinics in Virginia and North Carolina,
with a US-based transcription workforce. With the acquisition of
TMTS, iMedX gets deeper penetration into medical clinics in the
mid-Atlantic region of the United States, and can utilize TMTS's
network of US-based medical transcriptionists to complement its
large, scalable workforce in India.

2) CBaySystems' Chairman Raman Kumar to be Honored at the 11th
Annual Maryland International Business Leadership Awards

Chairman and CEO of CBaySystems, Raman Kumar, will be honored with
the prestigious Maryland International Business Leadership Award on
Thursday, March 29, 2007. The award is presented annually to an
individual within a Maryland company who has led his or her company
to new global heights, demonstrating an entrepreneurial spirit,
determination, creativity, and the cultural sensitivity that global
business demands.

The World Trade Center Institute will host this annual event at the
Jim Rouse Visionary Center in Baltimore. The event has become a
true must-attend for the "who's who" of Maryland's international
business community, drawing 400 area business leaders and senior
government officials.

"Mr. Kumar's impressive accomplishments and strong track record of
growth make CBaySystems an exemplary model for other Maryland firms
on the global horizon," said Mark Davis, Director of Business
Development for the World Trade Center Institute.

http://www.businesswireindia.com/PressRelease.asp?b2mid=12229

3) Liberty Hospital outsources transcription services to national
company

Liberty Hospital has outsourced its medical transcription services
to a national firm, a growing trend among health-care providers but
one that has a former hospital transcriptionist concerned.

Lori Nonemaker, the transcriptionist who opted not to work for
Transcend, said she ethically could not work for the company
because it outsourced some of its work overseas.Nonemaker said she
was especially concerned because the transcriptionists were told
Liberty Hospital had an oral agreement with Transcend not to
outsource its medical transcriptions overseas. "It wasn't
specifically addressed in a contract," she said.

Crossett said that since the time the transcriptionists were told
of the oral agreement, Transcend and Liberty Hospital had made an
addendum to the contract that specifically said Liberty Hospital's
medical information must be handled within the United States.
Crossett has a letter from Transcend Chief Executive Officer Larry
Gerdes saying the company is "contractually committed to produce
100 percent of Liberty Hospital transcription with our U.S.-based
employees."

http://www.kccommunitynews.com/articles/2007/03/22/liberty_tribune/business/lt_b\
iz03-22-07d.txt

4) Ex-future doctor runs MT firm

"I didn't want to go into engineering. I wanted to be different,"
says Malu Simeon-Florendo, CEO of Multi-Scribe Global Outsourcing
Inc. (MSGO). Her whole family was in the engineering business, so,
to be "different," the young lady pursued a degree in medicine at
the UE College of Medicine.

She realized she did not want to be a doctor. She worked in HR for
a few years, then got an MBA under the Regis Program at the Ateneo
School of Business. She landed a job as a business development
manager for a local domain administration company, dotPH. "(Working
at dotPH) was fast-track learning in IT," she says. "I learned to
think out of the box, to be creative, to make 'something' out of
'nothing.' I learned to be flexible, to be innovative, because
things in the IT industry change so fast."

Her interest in medical transcription (MT) was sparked by her
contact with her mother-in-law, an investor in an MT school based
in Makati. Luckily, again, the start-up bagged its first client-a
hospital in Kansas, USA-through a Fil-American doctor who was
serendipitously in Manila for a medical mission.
Simeon-Florendo signed up with the Medical Transcription Industry
Association of the Philippines Inc. (MTIAPI) and the American
Health Information Management Association (Ahima) and sales-blitzed
the states of California, Illinois, New York, New Jersey,
Pennsylvania, Arizona, Florida, Texas and Kansas armed with a
laptop, a webcam, a PowerPoint presentation and a supply of
Filipino spunk. She signed up three big clients on her first US
sales trip.

Today, MSGO is the Philippines' largest "one-hundred percent MT"
company, with 130 workstations. From a few square meters in one
floor back in July 2005, MSGO now occupies four floors of the same
building where it began.

MSGO also has an interesting production strategy. "MSGO uses
in-house sub-contractors which it calls NEST (New Expert Satellite
Team). A production group of MSGO, the NEST is an innovative
management concept with strong competencies in quality assurance,
control span, sub-contracting, "bayanihan," entrepreneurship and
turn-key business operations," says Simeon-Florendo.

http://business.inquirer.net/money/topstories/view_article.php?article_id=54103

5) Nuance Introduces DragonConnect

Nuance Communications, Inc., introduced DragonConnect for Dragon®
NaturallySpeaking® Medical customers at the Healthcare Information
Management Systems Society (HIMSS) show taking place in New
Orleans. With DragonConnect, Dragon NaturallySpeaking Medical
customers will be able to take advantage of the enterprise wide
dictation, transcription and speech recognition capabilities of the
Dictaphone Enterprise Express solution to maximize their clinical
documentation effectiveness.

With Dragon NaturallySpeaking Medical, healthcare providers dictate
directly into third party clinical information and Electronic
Medical Record ("EMR") applications thereby reducing the cost of
transcription, improving report turnaround time and increasing
overall adoption rates of these clinical information systems. Many
Dragon NaturallySpeaking customers have expressed the need to have
the ability to send specific reports to transcription services in
instances where they do not have the time to manually review the
speech recognized report themselves. DragonConnect will support
this capability by providing a software bridge between Dragon
NaturallySpeaking Medical and Dictaphone's Enterprise Express®
family of integrated dictation and transcription solutions,
including EXVoiceT and EXTextT.

http://www.huliq.com/13549/nuance-introduces-dragonconnect

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The MTIndia Team
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