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Wolters Kluwer Enhances UpToDate Expert AI with Lexidrug Integration
## Executive Summary Wolters Kluwer Health has announced a significant enhancement to its generative AI clinical decision support tool, **UpToDate® Expert AI**, by integrating its comprehensive drug information resource, **UpToDate Lexidrug**. This strategic move is the first in a series of planned expansions for the AI platform and is designed to provide healthcare professionals with robust, evidence-based medication and therapeutic decision support. The integration addresses a stated demand from healthcare enterprises for expert-vetted, AI-delivered medical information to improve clinical workflows and patient outcomes. ## The Event in Detail The core of the announcement is the fusion of two key Wolters Kluwer products. **UpToDate Lexidrug** is an established and trusted drug reference tool used widely by clinicians, pharmacists, and hospital pharmacies. It will now serve as a foundational data layer for **UpToDate Expert AI**, a platform launched in September that functions similarly to a chatbot, allowing clinicians to ask complex medical questions using natural language. This enhancement enables the AI to provide detailed answers to medication-specific queries, directly within the clinical workflow. The expanded capabilities will be demonstrated at the ASHP Midyear Clinical Meeting in December 2025. ## Market Implications This integration solidifies **Wolters Kluwer's** position in the competitive clinical decision support (CDS) market. While the immediate financial market impact is neutral, the move is significant within the health-tech sector. By embedding specialized, evidence-based data into a generative AI tool, the company enhances the value proposition of its platform for hospitals and health systems. The adoption of **UpToDate Expert AI** by over 50 major U.S. health systems indicates strong initial market traction. This strategy aligns with a broader industry trend of leveraging AI to improve the efficiency and accuracy of healthcare professionals rather than replacing them, focusing on seamless integration with existing Electronic Health Record (EHR) systems. ## Expert Commentary According to **Yaw Fellin, SVP and General Manager, Clinical Decision Support and Provider Solutions at Wolters Kluwer Health**, the market is actively seeking sophisticated AI solutions built on reliable data. > The response clearly demonstrates clinicians and healthcare enterprises want GenAI-delivered medical information built on evidence-based content and functionality that is vetted by experts in the loop. ## Broader Context The enhancement of **UpToDate Expert AI** is emblematic of a larger movement toward integrating advanced digital tools into healthcare. The industry is increasingly focused on leveraging technology to improve patient outcomes and operational efficiency. This includes the use of CDS tools to refine prescription drug monitoring, reduce hospital readmission rates, and ensure that clinicians have access to the most current information. **Wolters Kluwer's** initiative represents a practical application of generative AI in a high-stakes, regulated environment, underscoring the shift toward using AI to augment professional expertise with comprehensive, real-time data analysis.

Wolters Kluwer Integrates AI into TaxWise Online to Automate Document Processing
## Executive Summary Wolters Kluwer Tax and Accounting has announced the launch of **TaxWise® Online powered by Expert AI**, integrating artificial intelligence capabilities into its suite of tools for tax professionals. The new features are designed to enhance workflow efficiency and accuracy by automating manual data entry tasks. The market has registered the development as a neutral event, viewing it as an incremental technological enhancement in line with broader industry trends rather than a significant disruption. ## The Event in Detail The core of the announcement is the integration of **Wolters Kluwer Expert AI**, described as a proprietary layer of generative and agentic AI capabilities, into the TaxWise Online platform. This enhancement primarily targets tax preparers and Electronic Return Originators (EROs) by introducing two key features: * **Automated Tax Document Extraction:** The system can now automatically extract and populate data from uploaded documents, specifically supporting W2 and 1099 forms. This is intended to reduce manual data entry and minimize associated errors. * **AI-Powered ID Scanning:** The platform can now capture and process data directly from official identification documents, including driver's licenses, state IDs, military IDs, and Social Security cards. These features are designed to streamline the client onboarding and tax preparation process, allowing professionals to manage their workflows more efficiently. ## Market Implications The introduction of AI into TaxWise Online is primarily an efficiency play. For tax preparation firms, this automation can translate to significant time savings and a reduction in operational costs associated with manual data verification. However, the initial market impact is expected to be limited. The features are an enhancement of an existing professional tool, not a new product that alters the competitive landscape. It addresses a clear need for automation in the accounting sector but does not fundamentally change the business model. ## Expert Commentary According to **Rocco Impreveduto**, Vice President & Segment Leader at Wolters Kluwer Tax and Accounting, the strategy is to equip tax professionals for a changing landscape. In a statement, he noted that the new tools allow preparers to "lay the groundwork for growth in a more automated tax preparation landscape." This suggests a focus on future-proofing the company's offerings and enabling clients to scale their operations through technology. ## Broader Context Wolters Kluwer's move is not occurring in a vacuum. The field of AI-powered document scanning and data extraction is already populated by major technology firms, including **Google (Document AI)**, **Amazon (Textract)**, and **UiPath**. The launch of Expert AI is a strategic necessity for Wolters Kluwer, ensuring its products remain competitive and technologically relevant. By developing proprietary AI capabilities, the company aims to maintain its position in the enterprise software market, where AI-driven automation is rapidly becoming a standard feature rather than a differentiator.

Spain Considers 47% Crypto Gains Tax in New Proposal
## The Proposed Tax Overhaul The **Sumar** parliamentary group in Spain has introduced a legislative proposal aimed at fundamentally altering the taxation of cryptocurrency gains. The core of the proposal is to reclassify profits from the sale of non-financial crypto assets, such as **Bitcoin** and **Ethereum**. Currently, these gains are taxed under the savings tax base, with rates ranging up to 30%. The amendment would move these gains into the general income tax base, subjecting them to the standard progressive Personal Income Tax (IRPF), which has a top marginal rate of 47%. Furthermore, the proposal specifies a corporate income tax rate of 30% for companies reporting gains from similar crypto asset transactions. ## Regulatory Framework and Compliance Beyond taxation, the proposed amendments introduce new compliance and regulatory burdens. The plan mandates that Spain's **National Securities Market Commission (CNMV)** develop and implement a risk-rating system for crypto assets. This system, described as a "traffic light" mechanism, would require investment platforms and exchanges to display a clear risk classification for each asset they offer. According to the proposal, this framework is slated for implementation by November 2025, signaling a move toward greater investor protection and transparency in the market. ## Market Implications and Investor Sentiment The proposal has been met with significant concern from the financial community. The primary implication of shifting crypto to the general income tax base is a substantial increase in the tax liability for successful investors, making Spain a less favorable jurisdiction for crypto-related activities. Market sentiment is decidedly bearish in response to the news. Economists and industry experts have warned that the move, if passed, could stifle investment and innovation within Spain's digital asset sector. The risk of capital flight is a prominent concern, with analysts pointing to the potential for a "massive investor exodus" as individuals and companies may seek more favorable tax regimes elsewhere in Europe. ## Broader Context This legislative effort positions Spain among the countries with a stricter regulatory and fiscal approach to the cryptocurrency market. While nations globally are still formulating long-term policies for digital assets, Spain's proposed hike to a 47% tax rate on gains is one of the higher upper-tier rates in Europe. The move contrasts with other jurisdictions that have positioned themselves as crypto-friendly hubs to attract talent and capital. The introduction of a mandatory risk-rating system by a major European regulator like the **CNMV** could also set a precedent for other nations contemplating how to provide greater consumer protection without completely stifling the market.
