CareDecision Corp. Envisions Rapid E-Health Market Expansion; Company's Wireless PDA Products and Experienced Management Can Alter Landscape.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 7, 2002 Robert Cox Robert Cox may refer to several different people or things:
See OTC Bulletin Board (OTCBB). :CDED CDED Canadian Digital Elevation Data CDED Common Desktop Environment Developers (Unix) ), the e-health technology developer and medical PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). innovator, during recently hosted telephonic discussions with e-health industry analysts and market research professionals, projected a substantial leap in growth for the e-health industry which is expected to correspondingly yield considerable benefits for the company's products and revenue progression. Cox commented, "As part of a comprehensive study of the e-health industry, Hambrecht and Quist asserted that health care, the single largest industry in the U.S., remains rooted in paper processes and communication systems reminiscent of an era that existed before the information revolution. H&Q estimated that health administration costs exceed $300 billion annually. "They further estimated that existing technologies, online processes, automation tools and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. solutions can eliminate over 50% of those costs. Additionally, hundreds of billions of dollars per year are needlessly expended ex·pend tr.v. ex·pend·ed, ex·pend·ing, ex·pends 1. To lay out; spend: expending tax revenues on government operations. See Synonyms at spend. 2. because information is currently trapped in proprietary silos and cannot be readily retrieved and communicated. E-health technologies and systems are the obvious solution to release that information and digitize the paper roadblock." Cox continued, "Companies, such as CareDecision, are primed to contribute savings to health care from currently available e-health technologies that are projected to exceed $40 billion by the end of 2005. The e-health industry is poised to grow from tens of millions in total annual revenue production currently to $10 billion in four years. CareDecision believes that it is well positioned to acquire a minimum 5% market share of that $10 billion market." Cox concluded, "Market dynamics, governmental pressure and fundamental patient care realities will become the catalysts that drive the transition from the current delivery system to the adoption of the new automated e-health technologies. The technologies have been designed, the products have been developed, their value has been documented and the demand has been ignited." CareDecision Corp. is engaged in the introduction of a portfolio of advanced e-health technologies. The CareDecision Corp. technologies were engineered by a team of visionary executives and developers whose 100 years of collective experience forged the backbone for successive generations of technological innovations dating back to the inception of the e-health industry. Notably, CareDecision Corp.'s officers have founded and/or held senior management positions with other successful publicly owned Publicly owned can refer to:
Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This news release contains forward-looking statements about our business or financial condition and prospects that reflect our assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized. There may be other risks and circumstances that we are unable to predict. When used in this news release, words such as "believes," "expects," "intends," "plans," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements, although there may be certain forward-looking statements not accompanied by such expressions. All forward-looking statements are intended to be covered by the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by Section 21E of the Securities Exchange Act of 1934. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion