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SoundHound AI, Inc. (SOUN) is making significant strides in the healthcare sector, with three prominent healthcare organizations renewing and expanding their partnerships in Q1 2025. This includes a major medical billing firm, a provider of at-home diagnostic services, and a healthcare system with twelve hospitals in the Midwest. The company’s Amelia 7.0 AI platform facilitates autonomous tasks such as scheduling and billing, enhancing patient interactions through voice-enabled capabilities.
SoundHound’s enterprise segment showed remarkable growth, with a fivefold increase in ticket volume quarter over quarter, attributed to automation efforts. In the past three months, shares of SoundHound have risen by 44.5%, significantly outperforming the industry’s 9.5% growth. Currently, SoundHound trades at a forward price-to-sales (P/S) ratio of 24.05X, indicating a premium compared to industry peers.
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