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Straits Times
8 hours ago
- Business
- Straits Times
DBS, OCBC and UOB release study on the financial implications of nature-related risks
The global palm oil industry is worth about US$60 billion (S$76 billion) and is a major global sector. PHOTO: AFP DBS, OCBC and UOB release study on the financial implications of nature-related risks SINGAPORE – Three banks in Singapore have released a joint study on how nature-related risks and dependencies can translate into financial impacts such as credit risks. The study's findings were published in a report on June 26. DBS, OCBC and UOB, with support from the Monetary Authority of Singapore (MAS), conducted the study in partnership with the University of Cambridge Institute for Sustainability Leadership (CISL). The 18-month study, which began in January 2024, involved a nature-dependency analysis across the loan portfolios of the three banks. It had an initial focus on the food and agriculture sector, which accounts for 11 per cent of gross domestic product across South-east Asia and is highly susceptible to climate change and nature-related disruptions. Using the palm oil sector as a case study, the banks undertook scenario analysis to capture the possible credit impact of nature risks on their customers, such as failing to repay their loans. The global palm oil industry is worth about US$60 billion (S$76 billion) and is a major global sector. It is concentrated in South-east Asia, primarily in Indonesia and Malaysia which together account for over 85 per cent of the world's palm oil production. Participants and researchers in the study examined the impact of various hypothetical scenarios, ranging from mild to severe, on palm oil production. Some nature-related risks for palm oil production include ecosystem degradation, water shortages, prolonged droughts and elevated temperatures. Upstream players were found to be generally more sensitive to the impact of nature-related risks as compared with integrated players – companies that cover the palm oil value chain from planting the trees to refining the oil. Clients with relatively better financial strength were also more resilient to the short-term acute risks. The study represents an important initial step by the financial sector to raise industry awareness of nature-related risks and build capability to better assess the financial impact of such risks, said the banks and CISL in a joint statement on June 26. Mr Mike Ng, group chief sustainability officer of OCBC, said: 'In the light of South-east Asia's vulnerability to biodiversity loss and climate change, this is a timely pioneering study.' Nature-related risks are inherently location-specific, requiring a contextual lens to assess how localised events can translate into material impact for businesses and financial institutions, said Ms Gillian Tan, assistant managing director (development and international) and chief sustainability officer at MAS. She said: 'This study is a significant contribution to the industry's understanding of the risks facing a sector that is both economically important in this region and key to global supply chains.' In addition to showing a clear business case for the banks to invest in nature, the study is aimed at encouraging and accelerating assessments of nature-related risks across the financial sector , said the joint statement . Referring to nature-related risks and opportunities, Mr Eric Lim, chief sustainability officer at UOB, said: 'Through meaningful partnerships and cross-sector collaboration, we aim to catalyse early conversations so that solutions can be unlocked to promote inclusive economic growth while safeguarding the planet for future generations.' And Mr Helge Muenkel, chief sustainability officer at DBS, said: 'The health of our natural capital – forests, soils, oceans and biodiversity – is intrinsically linked not only to economic development but also to human well-being. 'This is also true across Asia, where communities, livelihoods and food systems are closely intertwined with and dependent on nature.' The preservation and restoration of nature is not just an environmental and social priority but also a risk and business imperative. Preserving and restoring nature enhances food security, promotes healthier populations and lays the foundation for long-term, inclusive growth, while also protecting financial value, said Mr Muenkel. 'In this context, banks have a vital role to play in addressing the nature crisis, and we see it as an extension to our climate agenda,' he noted. 'Building an understanding of nature-related risks and opportunities across our business is critical to tackling one of the most urgent challenges of our time.' Join ST's Telegram channel and get the latest breaking news delivered to you.
Miami Herald
7 days ago
- Health
- Miami Herald
KLAS Research, St. Luke's Health System, and Ambience Healthcare Unveil Groundbreaking Impact Study on Ambient AI
Independent report confirms Ambience Healthcare's AI platform reduces clinician burnout, enhances patient care, and strengthens financial and compliance outcomes SAN FRANCISCO, CA / ACCESS Newswire / June 20, 2025 / In a newly released report by KLAS Research, St. Luke's Health System has shared the results of its enterprise-wide deployment of Ambience Healthcare's AI platform, which supports clinical documentation and coding. The independent study confirms that deploying Ambience improved both clinician experience and documentation integrity, while delivering accurate billing to offset the cost of the technology and reducing downstream burden for revenue cycle teams. "We started this project to fundamentally improve the patient and clinician experience," said Reid Stephan, Vice President and Chief Information Officer for St. Luke's Health System. "What we found was that deploying this technology didn't just lead to a reduction in documentation time, it also improved documentation accuracy and revenue integrity." By leveraging a platform that bundles ambient documentation with real-time coding at the point of care, health systems generate comprehensive, "coding-aware" charts in a single integrated workflow. This ensures clinicians have a complete view of the patient and receive appropriate credit for the complexity of each encounter. The result: fewer claim denials, a smoother billing process for patients, and reduced reliance on costly post-visit audits. Health systems strengthen compliance, recover missed revenue, and raise the overall standard of care. Key outcomes of the report include: Patient Satisfaction22% increase in clinician / patient face time (Epic User Action Log analysis)Clinician Productivity & Efficiency41% reduction in active documentation time (Epic User Action Log analysis)Clinician Well-Being & Satisfaction36% reduction in daily burnout in pilot cohort of 49 providersClinical Documentation Integrity and Coding AccuracyEnhanced HCC accuracy, enabling more accurate risk adjustment and greater support for clinician effectiveness and resource alignmentGreater E/M coding accuracy, leading to better reimbursement alignment and added value across clinical documentation "The team at St. Luke's brought a clear vision to improve the clinician experience and the discipline to measure impact rigorously," said Mike Ng, Co-Founder and CEO of Ambience Healthcare. "Together, we've shown that ambient AI can deliver real clinical and sustainable financial value at scale, and this report sets a new benchmark for what's possible when technology is deployed with purpose." A Scalable Model for Health System Transformation St. Luke's adopted Ambience with the goal of improving clinician well-being. Financial sustainability was also critical for long-term success. As detailed in this report by KLAS, the gains in documentation efficiency and coding accuracy not only improved daily workflows for clinicians, but also generated enough financial return to offset the cost of the technology. Ambience's unique coding-aware approach played a critical role in achieving sustainability. Unlike solutions that require retrospective chart reviews, Ambience provides real-time documentation that is compliant, substantiated, and aligned with the care provided. This proactive approach enhances both coding accuracy and reimbursement reliability, without increasing administrative burden for clinicians or revenue cycle teams. "Health systems working with Ambience Healthcare consistently report terrific outcomes that are moving the industry forward," said Mac Boyter, Research Director at KLAS Research. "This report translates ambient AI adoption into clear, quantifiable ROI-demonstrating real-world impact on both the clinician experience and the bottom line for health systems." About St. Luke's Health System As an Idaho-based, not-for-profit, community-owned and community-led health system, St. Luke's is dedicated to its mission to improve the health of people in the communities it serves. From its founding in 1902 to today, St. Luke's has long been a leader in quality care and a vital partner in addressing community health needs. About KLAS KLAS is a research and insights firm on a global mission to improve healthcare delivery by amplifying the provider's voice. Working with thousands of healthcare professionals and clinicians, KLAS gathers data and insights on software, services, and medical equipment to deliver timely reports, trends, and statistical overviews. The research directly represents the provider voice and acts as a catalyst for improving vendor performance. Learn more at About Ambience Healthcare Ambience Healthcare is the leading AI platform for clinical documentation, CDI, and coding-built to ensure compliance, eliminate administrative burden, and improve care delivery. Trusted by top health systems across North America, Ambience's platform is live across outpatient, emergency, and inpatient settings, supporting more than 100 specialties with real-time, coding-aware documentation. The platform integrates directly with Epic, Oracle Cerner, athenahealth, and other major EHRs. Founded in 2020 by Mike Ng and Nikhil Buduma, Ambience is headquartered in San Francisco and backed by Andreessen Horowitz, OpenAI Startup Fund, Kleiner Perkins, and other leading investors. Ambience Healthcare Karina StabileAria Marketing for Ambience Healthcarekstabile@ SOURCE: Ambience
Indianapolis Star
7 days ago
- Health
- Indianapolis Star
KLAS Research, St. Luke's Health System, and Ambience Healthcare Unveil Groundbreaking Impact Study on Ambient AI
Independent report confirms Ambience Healthcare's AI platform reduces clinician burnout, enhances patient care, and strengthens financial and compliance outcomes SAN FRANCISCO, CA / ACCESS Newswire In a newly released report by KLAS Research, St. Luke's Health System has shared the results of its enterprise-wide deployment of Ambience Healthcare's AI platform, which supports clinical documentation and coding. The independent study confirms that deploying Ambience improved both clinician experience and documentation integrity, while delivering accurate billing to offset the cost of the technology and reducing downstream burden for revenue cycle teams. 'We started this project to fundamentally improve the patient and clinician experience,' said Reid Stephan, Vice President and Chief Information Officer for St. Luke's Health System. 'What we found was that deploying this technology didn't just lead to a reduction in documentation time, it also improved documentation accuracy and revenue integrity.' By leveraging a platform that bundles ambient documentation with real-time coding at the point of care, health systems generate comprehensive, ' coding-aware ' charts in a single integrated workflow. This ensures clinicians have a complete view of the patient and receive appropriate credit for the complexity of each encounter. The result: fewer claim denials, a smoother billing process for patients, and reduced reliance on costly post-visit audits. Health systems strengthen compliance, recover missed revenue, and raise the overall standard of care. Key outcomes of the report include: 'The team at St. Luke's brought a clear vision to improve the clinician experience and the discipline to measure impact rigorously,' said Mike Ng, Co-Founder and CEO of Ambience Healthcare. 'Together, we've shown that ambient AI can deliver real clinical and sustainable financial value at scale, and this report sets a new benchmark for what's possible when technology is deployed with purpose.' A Scalable Model for Health System Transformation St. Luke's adopted Ambience with the goal of improving clinician well-being. Financial sustainability was also critical for long-term success. As detailed in this report by KLAS, the gains in documentation efficiency and coding accuracy not only improved daily workflows for clinicians, but also generated enough financial return to offset the cost of the technology. Ambience's unique coding-aware approach played a critical role in achieving sustainability. Unlike solutions that require retrospective chart reviews, Ambience provides real-time documentation that is compliant, substantiated, and aligned with the care provided. This proactive approach enhances both coding accuracy and reimbursement reliability, without increasing administrative burden for clinicians or revenue cycle teams. 'Health systems working with Ambience Healthcare consistently report terrific outcomes that are moving the industry forward,' said Mac Boyter, Research Director at KLAS Research. 'This report translates ambient AI adoption into clear, quantifiable ROI-demonstrating real-world impact on both the clinician experience and the bottom line for health systems.' About St. Luke's Health System As an Idaho-based, not-for-profit, community-owned and community-led health system, St. Luke's is dedicated to its mission to improve the health of people in the communities it serves. From its founding in 1902 to today, St. Luke's has long been a leader in quality care and a vital partner in addressing community health needs. About KLAS KLAS is a research and insights firm on a global mission to improve healthcare delivery by amplifying the provider's voice. Working with thousands of healthcare professionals and clinicians, KLAS gathers data and insights on software, services, and medical equipment to deliver timely reports, trends, and statistical overviews. The research directly represents the provider voice and acts as a catalyst for improving vendor performance. Learn more at About Ambience Healthcare Ambience Healthcare is the leading AI platform for clinical documentation, CDI, and coding-built to ensure compliance, eliminate administrative burden, and improve care delivery. Trusted by top health systems across North America, Ambience's platform is live across outpatient, emergency, and inpatient settings, supporting more than 100 specialties with real-time, coding-aware documentation. The platform integrates directly with Epic, Oracle Cerner, athenahealth, and other major EHRs. Founded in 2020 by Mike Ng and Nikhil Buduma, Ambience is headquartered in San Francisco and backed by Andreessen Horowitz, OpenAI Startup Fund, Kleiner Perkins, and other leading investors. Ambience Healthcare SOURCE: Ambience View the original press release on ACCESS Newswire
Business Insider
08-05-2025
- Business
- Business Insider
New Buy Rating for Arista Networks (ANET), the Technology Giant
In a report released yesterday, Mike Ng from Goldman Sachs maintained a Buy rating on Arista Networks (ANET – Research Report), with a price target of $115.00. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Ng covers the Technology sector, focusing on stocks such as Apple, Super Micro Computer, and Arista Networks. According to TipRanks, Ng has an average return of 8.7% and a 49.78% success rate on recommended stocks. In addition to Goldman Sachs, Arista Networks also received a Buy from J.P. Morgan's Samik Chatterjee in a report issued yesterday. However, on the same day, Piper Sandler reiterated a Hold rating on Arista Networks (NYSE: ANET). Based on Arista Networks' latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.93 billion and a net profit of $801 million. In comparison, last year the company earned a revenue of $1.54 billion and had a net profit of $613.64 million
Business Insider
08-05-2025
- Business
- Business Insider
Analysts Offer Insights on Technology Companies: Arista Networks (ANET) and Gartner (IT)
There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Arista Networks (ANET – Research Report) and Gartner (IT – Research Report) with bullish sentiments. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Arista Networks (ANET) In a report released yesterday, Mike Ng from Goldman Sachs maintained a Buy rating on Arista Networks, with a price target of $115.00. The company's shares closed last Wednesday at $86.45. According to Ng is a 4-star analyst with an average return of 8.7% and a 49.8% success rate. Ng covers the Technology sector, focusing on stocks such as TD SYNNEX Corporation, Super Micro Computer, and Dell Technologies. Currently, the analyst consensus on Arista Networks is a Strong Buy with an average price target of $111.17, implying a 29.4% upside from current levels. In a report issued on May 1, Morgan Stanley also maintained a Buy rating on the stock with a $100.00 price target. Gartner (IT) In a report released yesterday, George Tong from Goldman Sachs maintained a Buy rating on Gartner, with a price target of $535.00. The company's shares closed last Wednesday at $437.85, close to its 52-week low of $409.50. According to Tong is ranked #734 out of 9504 analysts. Currently, the analyst consensus on Gartner is a Moderate Buy with an average price target of $474.43, a 9.5% upside from current levels. In a report issued on May 6, William Blair also maintained a Buy rating on the stock.
