Healthcare Won’t Always Be on the Back Burner (OTC:CSOC)

Caduceus Software Systems Corp. (OTC:CSOC) is a software company based in Birmingham England and it has its sights set on the U.S. market, currently, primarily, and getting doctors and institutions to begin moving towards the inevitable: Healthcare Records Reform.

A big part of the ObamaCare plan included physicians and institutions going “Digital” as both a patient efficiency and healthcare cost saving measure. It’s been slow going… 

According to Caduceus Software Systems, which develops and sells Electronic Health Records (EHR) and Electronic Medical Billing (EMB) software, the US Center for Disease Control and Prevention (CDC) states that 292,000 office-based doctors in the United States have not yet converted to using EHR software; 56% still haven’t adopted an EHR system, which breaks down to: 21% percent basic EHR adoption; 17% partial EHR adoption; and 6% full EHR adoption. That’s an opening… 

Of the 220,000 office-based doctors in the United States using some sort of health record system, only 4% are using fully functional versions.

That’s the incentive for CSOC; As of July 31st, the total of Medicare EHR Incentive Program payments was over $149 million.

CSOC EHR and EMB systems range in price from as little as $1000 and up to $250,000 per installation, depending on the sophistication, level of detail and intricacy of the billing, and whether it has special requirements on how to store, transmit and decipher incoming / outbound data.

And the Co keeps adding tools to its Caduceus MMS software core: a Human Anatomical Mapping program that provides clinical staff with a graphical system that will allow them to organize patient diagnoses and treatments by anatomical position rather than generalized record list. 

I think this puts CSOC ahead of the curve and at $0.03 a share currently, makes it worth a look…

I haven’t, don’t, and do not intend on holding any of the companies mentioned in this article.