We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
Sponsor Generated Content
Boulder-based nVoq Inc.’s trademarked SayIt speech-recognition program will work with voice-enabled electronic forms provided by Durham, North Carolina,-based Mi-Corp.
The two companies signed a nonfinancial marketing agreement to promote the plan, said Charles Corfield, founder and chief executive of nVoq.
“It’s more convenient to rattle off the contents of the form by voice,” Corfield said.
Corfield pointed to the rapid increase in the number of people using electronic tablets as one place to market the plan. Several common forms are used in the home health and long-term care industries, the two companies said in a press statement.
His company is making plans to work with other companies on related projects, Corfield said. He did not give specifics.
SayIt software uses the Microsoft Speech Application Programming Interface. The software has received the endorsement of the American Hospital Association for speech recognition. It is used in other health-care settings to support electronic medical records work and other clinical documentation.
“Together, we can create a streamlined workflow that greatly minimizes the amount of manual effort needed to complete forms like OASIS,” Corfield said. OASIS stands for outcome and assessment information set. “Nurses can use voice or an automated pen to enter data directly into a template at the point of care. That same data is then available for quality review and submission for reimbursement within seconds.”
Greg Clary, CEO and co-founder of Mi-Corp, said organizations that rely on these forms for reimbursement need quick, accurate turnaround. “Using SayIt, we not only automate the form itself, but can use voice to script the flow of responses so less time is needed to complete each page.”