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The Weighted Average

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Knowtex joins VA's $775.72M ambient-AI contract

Knowtex became one of two prime awardees on the U.S. Department of Veterans Affairs’ five-year ambient-scribe IDIQ, whose shared ceiling is $775.72 million, in the company’s contract announcement. Knowtex says more than 7,000 VA clinicians use its platform across more than 310 facilities and have saved 450,000 documentation hours; the ceiling is not booked revenue because multiple awardees share it. That makes Basalt’s referral-review value benchmark useful context: healthcare-AI buyers should test sustained clinician acceptance and rollout coverage, not mistake contract size for deployed value.