Caduceus Software Systems Corp. (CSOC) Ended Lower by 4.50%


Revision in the Caduceus MMS in terms of recent analysis of the outlook and viability has been made by Caduceus Software Systems Corp. (OTCBB: CSOC). The updating was done targeting the market of the United States. The results provide for a significant cut down of the costs for those in the medical industry and also for individual private practices. The Electronic Health Record software and Electronic Medical Billing software would not just reduce the cost involved but also help increase the efficiency of the medical industry.

Caduceus Software Systems Corp. is a software company that specializes in developing an all-in-one solution for private practitioners and doctors. We are in the healthcare information management industry. The Caduceus MMS software smoothen the progress of Electronic Health Records (EHR) and Electronic Medical Billing (EMB) for practitioners, which processes vital patient information in a digital format and eliminates the need for paper documentation. The software has been designed with an objective to serve the hospitals, physicians, medical technicians, assistants and medical students. The extension of the software also provides for the billing and remittance with insurance providers, therefore, our target market can and will be extended to the insurance industry as well. Among the 20 fastest growing occupations, half of them are healthcare related. Healthcare is likely to generate 3.2 million new wage and salary jobs between 2008 and 2018, more than any other industry, largely in response to rapid growth in the elderly population. However, modernization and constant developments in healthcare is not keeping pace with this dramatic growth. Currently it is estimated that less than a third of all U.S. hospitals and less than 20% of physicians’ offices have any form of electronic data handling capability. Thus the need for a wider implementation in healthcare development has been realized by industry participants, industry observers, and by both the local and federal government.

The price ranges from $5000 to $250,000 for the Electronic Health Records (EHR) and Electronic Medical Billing (EMB) software, per licensed workstation. The price is directly dependant on the intricacy and functionality of the remittance and medical coding and the type of storage and diarizing the medical staff requires for its particular practice.

Derrick Gidden, President of the Company, quotes, “The adoption of EHR is very receptive and there is lots of room for the industry to grow and expand. With many governments like the United Sates calling for a universal use of electronic health records (EHR), we are in the most exciting industry of this decade with extraordinary potential to make our software the premium EHR of EMB software of choice.”

There are 20 more countries namely Australia, Austria, Belize, Canada, Croatia, Denmark, Estonia, Finland, France, Hong Kong, Japan, New Zealand, Netherlands, Norway, Saudi Arabia, Singapore, Spain, Sweden, Taiwan, Turkey, U.A.E., and the U.K. beside United States of America in the company’s wish list as a prospective market.

Shares of CSOC fell 4.44% to $0.129 on over 3.24 million shares.

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