AXON Launches Unique Online Tool That Allows Physicians to Quickly Evaluate Managed Care Plans; Doctors Can Calculate the Profit Potential of Any Existing HMO/PPO Plan Within Minutes.AUSTIN, Texas--(BW HealthWire)--Feb. 9, 1998--AXON Health Information Services, Inc., has added a proprietary tool to their online database service that enables healthcare professionals to quickly determine which PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there & HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, reimbursement schedules offer them the best opportunities for profit. This profit center and capitation calculator tool, Incise in·cise v. To cut into with a sharp instrument. , complements AXON's web database (www.axonhis.com) which provides physicians and consultants instant access to detailed managed care plan information. AXON is the only online provider of these services, which come with the performance and reliability of current software consulting packages, yet at a fraction of the software price. AXON was founded in 1995 by George Thorne, M.D., an Austin opthalmologist who was frustrated with the lengthy and expensive process of evaluating the great variety of physician compensation plans. Typically, physicians or their consultants spend approximately 15 hours analyzing HMO/PPO contracts for profitability. With Incise, Relative Value Units (RVU RVU Relative value unit, see there ) and Capitation/Per Member Per Month (PMPM PMPM Per Member Per Month PMPM Pilgrim Monument and Provincetown Museum (Massachusetts) ) figures, specific to any existing managed care plan, can be calculated in minutes. "We wanted to create an online service that would allow physicians to practice smarter," explained AXON CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Byron Hill. "Basically," continued Byron, "we've taken over 84,000 pages of managed care plan information and condensed it into an easy to access database. This database and tool gives physicians and consultants alike the information they need---in minutes instead of days---to ensure a practice's success in a managed care environment." AXON's managed care database, which is updated weekly, offers answers to any managed care plan questions, including plan specifics by geographic service area, financial and plan enrollment information, reimbursement codes and formulas. An annual subscription to the database costs less than $500. AXON is currently offering a complimentary 14-day trial for interested subscribers. The three year old company is currently in the process of a reverse merger which will make it a publicly traded corporation listed on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Bulletin Board. For more information, you may log onto their web site at www.axonhis.com, or call AXON at 800/474-AXON or 512/474-AXON. CONTACT: Nourzads, Austin Meme Bobo, 512/281-4604 email: meme@nourzads.com |
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