Context signs marketing agreement with Micromedex.BURR burr (bur) bur. burr n. Variant of bur. burr 1. a plant seed capsule carrying many hooked structures which catch in animal coats thus promoting dissemination of the plant. RIDGE, Ill.--(BUSINESS WIRE)--Sept. 24, 1996--Context Software Systems Inc., a leading provider of medical coding and reimbursement products, announced today that it has entered a marketing agreement with Englewood, Colo.-based Micromedex Inc., a leading provider of comprehensive databases for drug information, toxicology toxicology, study of poisons, or toxins, from the standpoint of detection, isolation, identification, and determination of their effects on the human body. Toxicology may be considered the branch of pharmacology devoted to the study of the poisonous effects of drugs. and emergency/critical care. Under the agreement, Context will market Micromedex's Red Book(TM) Database Services and the J-Code Aggregate file, as part of Context's suite of data products. The Red Book(TM) Database Service and J-Code Aggregate file will be marketed in Context's Electronic Data and Software Catalog. The Windows(R)-based Electronic Data and Software Catalog provides information on data and software products designed to help organizations in the areas of coding, clinical editing, fee management and regulatory compliance. The catalog provides specific information on Context's more than 60 data and software products, including product descriptions, record layouts The format of a data record, which includes the name, type and size of each field in the record. and sample data. The Red Book(TM) Database Service is a drug information system which delivers information on over 165,000 products. Included are all the FDA-approved active NDC's for prescription and reimbursable over-the-counter products, data on other pharmaceuticals, and information on a variety of health and beauty aids. The Red Book(TM) Database contains the most current pricing and descriptive information available on a drug including nationally recognized Average Wholesale Prices (AWP's), national drug code (NDC NDC National Drug Code NDC NATO Defense College NDC National Documentation Centre (National Hellenic Research Foundation, Athens, Greece) NDC National Dairy Council NDC National Democratic Congress ) numbers and Orange Book codes denoting FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. equivalence ratings for multi-source products. Additionally, generic and therapeutic coding systems Noun 1. coding system - a system of signals used to represent letters or numbers in transmitting messages code - a coding system used for transmitting messages requiring brevity or secrecy provide efficient means to aggregate drug information for comparative and analytical purposes. The J-Code Aggregate file and related table provides J-Codes which are a series of reimbursement codes created by the Health Care Financing Administration Health Care Financing Administration, n.pr department in the U.S. agency of Health and Human Services responsible for the oversight of the Medicaid and Medicare benefit programs, including guidelines, payment, and coverage policies. (HCFA HCFA abbr. Health Care Financing Administration HCFA, n.pr See Health Care Financing Administration. ) to allow Medicare providers and carriers to communicate their services in a consistent manner and to validate fee schedules through standardized coding. The J-Code Relational Table links J-Codes and NDC numbers and provides ten pricing vectors for each J-Code. "Our Data Product sales have increased dramatically in the past few years. Part of this increase is due to our new Electronic Catalog," stated Mark A. Earles, Context's sales director. "This marketing tool is a perfect way for Micromedex to reach the managed care, payer and utilization review u·til·i·za·tion review n. A process for monitoring the use, delivery, and cost-effectiveness of services, especially those provided by medical professionals. markets. We are excited about having the Red Book data as part of our newest catalog and having Micromedex as a new business partner," Earles added. "We are pleased to be able to offer Red Book Database Services through Context's new innovative distribution channel that will expand the awareness of how Red Book data can be implemented and utilized in managed care and utilization review capacities," stated Mark Rangell, director of marketing for Micromedex. Context is a leading developer of software and data products for the healthcare industry. Solutions for coding, clinical and regulatory editing, and UCR/Medicare fee management are provided in products including CodeLink, Claims Editor Professional, Physician Fee Reports and over 60 data products. More than 10,000 organizations nationwide are benefiting from Context's products. Micromedex Inc., a division of Medical Economics, produces highly valued and comprehensive databases for drug information, toxicology and emergency/critical care. These current, comprehensive reference libraries provide invaluable information to healthcare professionals in settings such as emergency departments, pharmacies, and drug information and poison control centers poison control center Toxicology A nonprofit facility, often affiliated with a university or hospital, that provides emergency toxicology assessments by telephone, and treatment recommendations, primarily to parents of children who swallowed a household product, , as well as those in the fields of occupational medicine, industrial health and safety, and environmental management. CONTACT: Context Software Systems Inc., Burr Ridge Mark A. Earles, 630/654-8800 |
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