These solutions
are available immediately through ScanSoft and its network of leading
channel partners, including Aspect, Avaya, Cisco, Edify, Genesys,
Nortel, VoiceGenie and others
. These solutions take advantage of existing IP
infrastructure, which allows businesses to more quickly
and easily
deploy applications and services. (Nasdaq:SSFT) is a global leader of speech and
imaging
solutions that are used to automate a wide range of manual
processes -- saving time, increasing worker
productivity and improving
customer service. or its
subsidiaries in the United States and/or other
countries. The combination of MedRemote and
ScanSoft is clearly great news for the entire healthcare
industry.54 million shares
issued in the transaction. (Nasdaq: SSFT) is the global leader of speech
and
imaging solutions that are used to automate a wide range of manual
processes - saving time
, increasing worker productivity and improving
customer service."
ScanSoft's focus on enabling
healthcare organizations to improve
the quality of patient care, and reduce or eliminate manual
transcription
costs, has resulted in dramatic return on investment for
many healthcare organizations.
ScanSoft
Dragon NaturallySpeaking Client and Server SDK
The ScanSoft Dragon NaturallySpeaking SDK is used
by developers
and integrators to rapidly add both front-end and back-end speech
recognition capabilities
including speech-to-text and voice command
capabilities directly into in-house and commercial applications
.
ctu subtraction
VoIP technologies give rise to a new generation of solutions and
opportunities for high-quality
, cost-effective conversational speech
applications. Together, ScanSoft and it vast channel partner
network
offer years of experience in deploying speech applications in
virtually
every IT environment and offer the expertise to
deliver the industry's foremost conversational
speech
applications for VoIP environments.
ScanSoft will deliver the solutions
through its growing
number of channel partners, including healthcare information systems
vendors
, systems integrators, digital dictation systems vendors and
MTSOs. Moreover, as we look to implement
Epic as our EMR, we hope to
use the experience of MedRemote's workflow solutions with the
expertise
of ScanSoft's speech recognition products to further erode
our transcription costs.com
Trademark
reference: ScanSoft, the ScanSoft logo, Dragon, MT
Workflow, MT Remote, MT Speech Server and NaturallySpeaking
are
registered trademarks or trademarks of ScanSoft, Inc.
A growing number of healthcare vendors
and integrators have joined
with ScanSoft to speech enable their healthcare solutions, including:
1450, Inc.
About ScanSoft, Inc.
tifr notational
In particular, ScanSoft's OpenSpeech
Recognizer
3.
Today, thousands of companies around the world trust ScanSoft to
develop and deliver on
their speech strategies.----
New Dragon(TM) MT Workflow System Leverages Speech Recognition and
Web Standards to Reduce the $15 Billion Spent Each Year on Medical
Transcription Processing
ScanSoft, Inc.
Business Editors/High-Tech Editors
HIMSS 2005 Annual Conference
DALLAS
----
Unrivaled Accuracy, Specialty Vocabularies and Patent-Pending
Roaming User Capabilities
Combine to Deliver the Productivity Gains
Needed to Make Speech a Reality for Care Providers
ScanSoft, Inc.; Northbase; Physician
Micro Systems, Inc.applicability scansoft
"ScanSoft continues to set the
standard for next-generation speech
applications and solutions," said Mike Phillips, chief technology
officer at ScanSoft. Both solutions,
available immediately, leverage ScanSoft's highly accurate
Dragon
speech recognition technology to automate the conversion of recorded
dictation into electronic
transcripts, significantly reducing manual
transcription tasks. The ScanSoft solutions will be used
by physicians, records
management and medical transcription teams within hospitals, clinics
and
physician practice organizations, as well as MTSOs to enhance
their current transcription services
businesses.com/mtworkflow
About MedRemote
MedRemote, an innovator in health care informatics
, delivers
state-of-the-art web-based solutions for dictation, transcription,
speech recognition
, document management, and data mining. The
Dragon NaturallySpeaking SDK provides everything needed
to add
cutting-edge speech recognition technology to any workflow
application.ctu applicability
ScanSoft will integrate
the MedRemote organization in
Chicago and expand its development, sales and marketing resources
targeting
the healthcare opportunity worldwide. Combined, the organization maintains a
partner roster
comprising leading technology healthcare
providers and organizations. (Nasdaq: SSFT), the
global leader of speech and
imaging solutions, today announced that ScanSoft(R) Dragon
NaturallySpeaking
(R) Medical and SDK (software developer kit)
solutions have become the de facto standard speech recognition
solution for healthcare.
Hershey Medical Center automated transcription processing within its
Department of Radiology with Dragon NaturallySpeaking.
"The healthcare sector is adopting speech
recognition at a record
pace, due to the dramatic reduction in costs and the improvement in
the
quality of care that speech can deliver," said John Shagoury,
President, ScanSoft Productivity Applications
Division.shorthand ctu
, an innovator in medical informatics and
transcription workflow solutions for approximately
1.2 million in cash (net of
cash on hand at closing). (Nasdaq: SSFT) is the global leader of speech
and
imaging solutions that are used to automate a wide range of manual
processes - saving time
, increasing worker productivity and improving
customer service.lexica intonation
ScanSoft's OpenSpeech Dialog solution
is ScanSoft's reference
implementation of the revolutionary new xHMI(TM) language, an
open, XML
-based dialog configuration language that enables
efficient development of more powerful conversational
applications. Its unmatched
portfolio and expertise help thousands of companies around the world
to improve the way we communicate.ScanSoft Acquires MedRemote Expands into Complete Transcription
Processing Solutions for Healthcare
MedRemote, a private company based in Chicago, is a recognized
leader in providing complete Web-based transcription processing and
workflow systems that efficiently
leverage speech recognition and
integrate with existing healthcare information systems. Actual results
, events and performance may differ
materially.
All other company or product names mentioned may
be the trademarks of
their respective owners.conversational shorthand
For more information regarding ScanSoft(R) products
and technologies, please visit www.
MedRemote's partner network comprises leading providers
of
healthcare systems and services that recognize the value of
integrating cutting
edge workflow tools as part of their
solutions portfolio.
Pricing and Availability
The ScanSoft Dragon MT Workflow System and Dragon MT Remote hosted
service are available immediately
.scansoft. "We
believe ScanSoft Dragon NaturallySpeaking technology will support our
customers
' pursuit of operational and clinical excellence.signers ctu
With
unrivaled expertise, a broad portfolio of solutions
and committed
resources of the world's largest networking companies, ScanSoft is
driving the acceptance
and proliferation of conversational speech
applications in a myriad of VoIP environments."
VoIP
made great strides among US-based businesses in 2004,
according to In-Stat/MDR, as the percentage
of companies using the
network technology grew from 3 percent in 2003 to 12 percent in 2004.
"With speech recognition gaining wide acceptance within healthcare
organizations, and with many healthcare
professionals moving towards
EMR solutions, our combined offerings are a natural fit to help reduce
costs, speed turnaround time for patient data and most importantly
improve patient care," said
Kulmeet Singh, President of MedRemote. Already in use at thousands of healthcare
facilities worldwide
, Dragon NaturallySpeaking converts speech into
text at up to 160 words per minute, automating the
clinical
documentation process and eliminating the high cost and long
turnaround time associated
with the manual transcription of patient
notes.; Dolbey; DR Systems, Inc.
"Integrating next-generation
speech recognition technology within
Imagecast is an important part of our strategy to drive greater
accuracy and efficiency in diagnostic reporting and is an extension of
our recent acquisition
of PointDx, Inc.spiliotopoulos homey
With a leading
position in core speech technologies, applications and services,
ScanSoft solutions successfully automate more than five billion
telephone conversations annually
. Through a global partner network,
the company delivers solutions that use the human voice to interact
with information systems and devices.54 million shares
of its Common Stock, and approximately
$6. ScanSoft disclaims
any intention or obligation to update any forward-looking statements
as
a result of developments occurring after the date of this document. With its unrivaled speed and accuracy
, Dragon NaturallySpeaking
technology can save healthcare organizations thousands of dollars per
doctor
each year in reduced or eliminated manual transcription costs.stts saeed
Business Editors/Technology Editors
PEABODY, Mass.
As VoIP installations become more prolific among businesses,
ScanSoft's
speech solutions are optimized to ensure the highest levels
of quality, accuracy and interoperability
.com
Trademark reference: ScanSoft, the ScanSoft logo, SpeechWorks,
OpenSpeech, RealSpeak,
SpeechSecure, Xmode, SpeechPAK, and xHMI are
registered trademarks or trademarks of ScanSoft, Inc
.
The statements in this press release that relate to future plans,
events or performance are
forward-looking statements that involve
risks and uncertainties, including risks associated with
market
trends, competitive factors, and other risks identified in ScanSoft's
SEC filings. (Nasdaq:
SSFT), a global leader of speech and
imaging solutions, today announced the completion of its acquisition
of MedRemote, Inc. There are a number of important factors that could cause
actual results or
events to differ materially from those indicated by
such forward-looking statements, including the
ability of ScanSoft to
successfully integrate MedRemote's operations and employees; the
ability
to realize anticipated synergies; fluctuations in demand for
ScanSoft's existing and future products;
economic conditions in the
United States and abroad; ScanSoft's ability to control and
successfully
manage its expenses, inventory and cash position; the
effects of competition, including pricing pressure;
possible defects
in ScanSoft's products and technologies; ScanSoft's dependence on OEM
customers;
and the other factors described in ScanSoft's Annual Report
on Form 10-K for the year ended September
30, 2004 and its most recent
quarterly reports on Form 10-Q filed with the SEC.; ProVation Medical
, Inc.
prosody intonation
"Through our ongoing R+D efforts and experience
in speech deployments in VoIP environments
, we have invested in
ensuring our speech recognition engines and applications deliver the
industry
's highest levels of quality and accuracy for VoIP.
Business Editors/High-Tech Editors
PEABODY
, Mass.
About ScanSoft, Inc. For more information regarding ScanSoft products and
technologies
, please visit www.ctu stibbard
The proliferation of VoIP deployments is being
driven by ScanSoft channel
partners, the stalwarts of the
telecommunications and networking industries including Aspect
,
Avaya, Cisco, Edify, Genesys, Nortel, VoiceGenie and a host of
others. Readers
are cautioned not to put undue reliance on these
forward-looking statements that speak only as of
the date hereof. "We
are impressed by the speech recognition accuracy delivered by Dragon
NaturallySpeaking
, as well as the strength and depth of ScanSoft's
customers and business partners.
Proven Customer
Solutions - ScanSoft's Dragon
NaturallySpeaking Medical is the de-facto speech recognition
solution for electronic medical records (EMR) systems, and is
the most widely
used desktop solution for hospitals throughout
the world.scansoft.ScanSoft.stibbard dimitris
In-Stat/MDR
found higher rates of penetration within the larger
business segments and forecasts that VoIP penetration
will be at 43%
in the large business segment by the end of 2005. The company's ability to develop
and
deploy applications on all major speech platforms and devices in
multiple languages has made
it the preferred speech provider of large
enterprises around the world.
About the SpeechWorks
Division of ScanSoft
ScanSoft delivers field-proven speech solutions., a structured reporting
technology company" said Debra Stenner, Vice President of Business
Planning and Business Strategy
, IDX Imagecast Operating Unit.signers homey
All other
company names or product names referenced herein may be
the trademarks
of their respective owners. or its
subsidiaries in the United States and/or other
countries.; Expresiv
Technologies; IDX Systems Corporation; Med Mgt; Misys Healthcare
Systems
. In addition, ScanSoft Dragon
NaturallySpeaking has garnered accolades from respected publications
worldwide, including C|Net, Computer Reseller News, The New York
Times, PC Magazine, PC World
, and SmartComputing."
ScanSoft Dragon NaturallySpeaking Medical
ScanSoft's Dragon NaturallySpeaking
Medical helps healthcare
professionals to eliminate the high cost and long turnaround time
associated
with manual transcription of patient notes by enabling
clinical dictation to be instantly and automatically
transcribed on a
PC.
ScanSoft, Inc.lexicons lexica
----
ScanSoft and VoIP Platform Partners Deliver
on Vision of the
Virtual Call Center; Offer Unmatched Flexibility, Quality and Accuracy
in Speech
Applications
ScanSoft, Inc.0, the world's most widely used speech
recognition engine
, is tuned for the most challenging
environments and the fastest growing speech applications
in
today's market, such as auto attendant, automated directory
assistance and
natural language customer self-service.
These shares are in addition to the approximately 1.
Recently
, IDX Systems Corporation, a leading provider of health
information systems, announced its selection
of ScanSoft Dragon
NaturallySpeaking as the front- and back-end speech recognition
standard for
its IDX Imagecast product line.This category contains speech recognition, voice recognition and text
-to-speech research sites.
haskins homey
ScanSoft Solutions Empower Next-Generation Contact Center Solutions for Voice
-over-IP Environments
ScanSoft's conversational speech
solutions, designed for contact centers
and enterprise services,
capitalize on the convergence of voice and data to efficiently provide
a
host of self-service options for customers without sacrificing
quality or personalized service. Actual
results, events and performance may differ
materially.
"MedRemote brings to ScanSoft an array
of products, technologies
and partners that expand ScanSoft's leadership in healthcare, a set of
customers that have proven the value of the MedRemote solution, and
employees that are skilled
in developing and delivering speech-enabled
healthcare solutions," said Paul Ricci, chairman and
CEO at ScanSoft. MedRemote's
comprehensive dictation-transcription solution comprises modules for
dictation, workflow management, transcription, electronic signature,
document distribution, reporting
and billing, speech recognition and
text extraction. MedRemote also embeds its industry leading
technology
in radiology, clinical and hospital information systems.; 21st Century Eloquence; Allscripts Healthcare
Solutions;
Cerner CoPath, ChartLogic, Inc; Clinical Content Consultants, LLC;
Content Solutions
, Inc.; SynaMed; Tech 2; Tech S2; Inc.
Tens of thousands of physicians worldwide use ScanSoft's Dragon
technology to achieve substantial time and money savings, enabling
them to focus on patient care
.stts stibbard
(Nasdaq:SSFT), a global leader of speech and
imaging solutions, has delivered a portfolio of solutions
, services
and technologies optimized for Voice-over-Internet Protocol (VoIP)
that enable next
-generation speech-based applications. Specific, pre-built components from ScanSoft,
including SpeechPAK
(TM) application development kits, can
significantly shorten implementation cycles and accelerate
that rate at which businesses can generate returns from their
VoIP and speech investments.
ScanSoft, Inc. Through this transaction, ScanSoft
introduces the Dragon MT Workflow System, a
complete transcription
processing solution for deployment within hospitals and medical
transcription
service organizations (MTSOs), and Dragon MT Remote, a
hosted subscription-based solution that is
powered by the Dragon MT
Workflow System and ideal for any size organization.
"Having rolled
out MedRemote across our entire facility, we have
been able to significantly streamline our transcription
workflow with
unprecedented ease," said Edward Nazzaro, CIO, Fallon Clinic. The shares of restricted
stock were
granted with the approval of the Compensation Committee of ScanSoft's
Board of Directors
, and vest over a three year period, subject to
acceleration upon the achievement of certain performance
targets.
; Mountain Medical Technologies, Inc. (Please see IDX
Imagecast(TM) Integrates
Speech Recognition Into Diagnostic Workflow
With ScanSoft(R) Dragon NaturallySpeaking(R)). "We are
pleased to work with the world-class technology integrators and
healthcare organizations both
large and small that have selected
Dragon NaturallySpeaking as their standard speech solution. For
more information regarding ScanSoft(R) products
and technologies, please visit www. or its subsidiaries
in the United States and/or other countries.tifr spiliotopoulos
Xmode can be combined with ScanSoft's OpenSpeech Dialog
solution and VoiceXML platforms available from ScanSoft
partners to enable sophisticated, natural
applications such as
multimodal directory assistance, customer care and
location-based services
.intonation scansoft
Standards-based Dialog Technologies - Partners and customers
benefit from ScanSoft
's unrivaled suite of dialog technologies
- intelligent software modules that can manage natural
language
conversations and speed the development of
state-of-the-art applications in a VoIP environment.
-- Award-Winning Applications - ScanSoft offers an array of
application choices that accelerate
the delivery of
speech-based VoIP solutions and leverage best practices in
user interface design
, call flow implementation and speech
science."
MedRemote is an important component in ScanSoft
's healthcare
product strategy, which is to apply highly accurate speech recognition
to intelligent
workflow processing solutions in order to reduce the
costs associated with manually converting medical
dictation into text,
estimated at $10 billion in North America and $15 billion worldwide
each
year. For more information on the
solution and pricing options please visit
http://www. Any statements
that
are not statements of historical fact (including statements containing
the words "believes
," "plans," "anticipates," "expects," estimates and
similar expressions) should also be considered
to be forward-looking
statements.; SoftMed Systems; STI
Computer Systems, Inc. For example, Penn
State Milton S. There are no consumer products, resellers, tool kits here.
homey ctu
Proven, Partner-Friendly
Solutions - ScanSoft(R) solutions are
designed to be open and interoperable for all major
VoIP
platforms. Components
can be combined with existing Web-based applications
, and
completed documentation and transcripts can be seamlessly
connected to existing
healthcare information systems via
standard HL7 interfaces or custom connections. MedRemote
solutions are installed at integrated
delivery networks (IDN), hospitals, and medical groups through
an ASP
or a licensing model. All other
company or product names mentioned may be the trademarks
of their
respective owners.
The statements in this press release that relate to future plans
,
events or performance are forward-looking statements that involve
risks and uncertainties, including
risks associated with market
trends, competitive factors, and other risks identified in ScanSoft
's
SEC filings. (Please see "Penn State Milton S.com
Trademark reference: ScanSoft, the ScanSoft
logo, Dragon, and
NaturallySpeaking are registered trademarks or trademarks of ScanSoft,
Inc.
The statements in this press release that relate to future plans,
events or performance are
forward-looking statements that involve
risks and uncertainties, including risks associated with
market
trends, competitive factors, and other risks identified in ScanSoft's
SEC filings. Readers
are cautioned not to put undue reliance on these
forward-looking statements that speak only as of
the date hereof.shorthand tifr
Today, thousands of companies
and millions of users around the world depend on SpeechWorks
(R)
solutions from ScanSoft to deliver vital business information and
simplify every day life.
ScanSoft. The platform delivers a profound
level of productivity gain for all medical transcription
teams,
including those within MTSOs and large hospitals, as well as
individual physicians and
remote transcriptionists.
Industry Expertise - Both ScanSoft and MedRemote are leaders
in providing healthcare organizations with solutions that
increase productivity and
reduce costs. "Fallon
Clinic has embraced MedRemote's web-based ASP solution as the
technology
platform for all of our multiple transcription vendors
resulting in a 33 percent transcription savings
and reduced IT
support. By providing
its radiologists with speech recognition Hershey Medical
Center
reduced medical report turnaround times by 80%, enhanced the quality
of patient care and
is saving over $300,000 annually in manual
transcription costs. Hershey Medical
Center Reduces
Medical Transcription Time and Improves Patient Care
with ScanSoft's Dragon NaturallySpeaking").
This toolkit enables everything from free text dictation
to command and control functionality, and
can be deployed as part of a
server or client based solution.speech gestural
These solutions, designed
to be
easily deployed within a VoIP environment, comprise a host of
technologies, services and partner
resources that enable the rapid
development of natural, intelligent and conversational speech
applications:
Standards-based Speech Technologies - ScanSoft's
market-leading foundation speech
technologies, including
OpenSpeech(R) Recognizer, RealSpeak(TM) text-to-speech and
SpeechSecure(TM) speaker verification, are optimized to
deliver exceptional accuracy
and reliability in VoIP
implementations, across a wide range of codecs, including
G711, G723 and G729. The combined
organization has an unrivaled depth of understanding
and
experience within healthcare services and information
technology for transcription
cost auditing, workflow
automation toolsets, dictation capture, speech recognition and
integration with Healthcare Information Systems (HIS),
Radiology Information Systems
(RIS) and EMR systems.speech corpora
About ScanSoft, Inc. The MedRemote
solution speeds access to patient
data while reducing transcription
processing costs by up to 70%, and has been proven by customers
throughout North America, including Fallon Clinic and Valley Baptist
Health System. Highlights
of the
ScanSoft-MedRemote combination include:
Innovative and Flexible Solutions - The ScanSoft
Dragon MT
Workflow System is developed using secure XML and Web
standards, enabling
each of its modules to be accessed from
any location through standard Web browsers. The platform
is
tightly integrated with the Dragon MT Speech Server, which
automates 80% or
more of the dictation-to-transcription
process when compared to manual-only approaches. When
combined with MedRemote, ScanSoft can provide
healthcare organizations with complete transcription
processing solutions for desktop and server environments, with
proven deployments
at thousands of practices and facilities. Readers are cautioned not to put undue reliance on these
forward
-looking statements that speak only as of the date hereof.
ScanSoft provides the healthcare industry
with an unmatched set of
speech recognition solutions, including Dragon NaturallySpeaking
Medical
, the world's best selling front-end speech recognition
solution for electronic medical records systems
, and the Dragon
NaturallySpeaking Server SDK, which enables the server-based
processing and workflow
of recorded patient information. The Dragon
NaturallySpeaking family of products includes 14 pre
-made medical
specialty vocabularies, supports the creation of custom vocabularies,
and delivers
patent-pending roaming user capabilities to enable use
within distributed care provider facilities
.signers spiliotopoulos
There are now over
400 Service Providers and 450 VoIP Carrier Network and Equipment
Suppliers
in the US and Canada alone.
-- Multimodal Support - Through Xmode(R), ScanSoft's VoIP-based
multimodal applications platform, customers and partners can
extend speech applications to the
mobile environment and
enable sophisticated user interactions that combine speech
with visual
capabilities on many of today's mobile devices,
over mobile IP networks such as GPRS, 1xRTT, and
1xEVDO.
"Combined with ScanSoft Dragon NaturallySpeaking Medical, we gain an
enviable solution
set that automates the way healthcare organizations
capture and process their transcription data
."
The ScanSoft Dragon MT Workflow System is built upon the proven
MedRemote platform to automate
the capture, conversion, verification
and processing of recorded dictation.
Strong Partner
Relationships - ScanSoft and MedRemote have
established mutually beneficial business relationships
with
leading healthcare technology and service providers."
In connection with the acquisition
of MedRemote and in accordance
with NASDAQ Marketplace Rule 4350, ScanSoft granted 446,663 shares
of
its common stock, in the form of stand alone restricted stock grants,
as an inducement material
to 14 individuals entering into employment
arrangements with ScanSoft.
ScanSoft, Inc.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
Statements in this document regarding the proposed
transaction
between ScanSoft and MedRemote, benefits and synergies of the
transaction, future
opportunities for the combined company, the future
demand for, performance of, and opportunities
for growth in ScanSoft's
speech solutions and productivity applications, the growth of the
speech
industry and the demand for speech solutions, the continued
strength of existing products, services
and relationships as well as
the introduction of new products, services and relationships,
ScanSoft
's strategic and operational plan, and future prospects
regarding product lines, sales channels and
international operations
constitute forward-looking statements within the meaning of the
Private
Securities Litigation Reform Act of 1995.ScanSoft Dragon NaturallySpeaking Becomes De-Facto Standard
Speech Recognition Solution for Healthcare Industry
; Vianeta
Communications; and Voicebrook.
Actual results, events and performance may differ
materially.saeed speech
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