CostDoctor Software Made Available to Fertility Specialists Through Exclusive Distribution Agreement With Serono.Business Editors & Health/Medical Writers Innovative Software Program Drives Business Efficiencies in Medical Office Setting and Expands Patient Access CostDoctor Inc., the leader in activity-based costing In a business organization, Activity-based costing (ABC) is a method of allocating costs to products and services. It is generally used as a tool for planning and control. This is a necessary tool for doing value chain analysis. software for medical practices and Serono Inc., the leader in reproductive health Within the framework of WHO's definition of health[1] as a state of complete physical, mental and social well-being, and not merely the absence of disease or infirmity, reproductive health, or sexual health/hygiene , today announced the signing of an exclusive distribution agreement. Under the terms of the agreement, Serono's practice expansion managers will make the CostDoctor CDROM See CD-ROM. and Internet software available to reproductive endocrinologists and fertility specialists in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . CostDoctor Inc. will provide customer service and technical support for all participating practices. The CostDoctor software addresses some of the most compelling issues facing fertility specialists today. CostDoctor can help medical practices control escalating costs, manage declining reimbursements, determine managed care contract value and increase practice productivity. By enhancing efficiencies within infertility infertility, inability to conceive or carry a child to delivery. The term is usually limited to situations where the couple has had intercourse regularly for one year without using birth control. practices, more patients can have access to infertility treatments. "Through our exclusive collaboration with Serono, reproductive endocrinologists will be able to apply a software tool that takes a practice's actual cost data and transforms this data into powerful information," said Dr. Kaylen Silverberg, Chairman and Founder of CostDoctor Inc. "The business intelligence derived through the software will allow physicians to better manage in today's business Today's Business is a show on CNBC that aired in the early morning, 5 to 7AM ET timeslot, hosted by Liz Claman and Bob Sellers, and it was replaced by Wake Up Call on Feb 4, 2002. of medicine. Physicians can then focus on the most important aspect of their practice, the health and well-being of their patients." "Through many unique programs, Serono partners with fertility specialists to assist them in improving the overall efficiency of their practices," said Fereydoun Firouz, Executive Vice President, Reproductive Health, Serono Inc. "By making CostDoctor available to reproductive endocrinologists, we are again demonstrating our commitment to the practice of infertility treatment and to the many couples these treatments benefit." About CostDoctor Inc. CostDoctor Inc. delivers specialty-specific software and services that enables physicians to realize their full profit-potential. CostDoctor's proprietary software empowers physicians with the information necessary to maximize practice efficiency and uncover the true costs of doing business. Through CostDoctor, physicians can identify their actual costs for every procedure (CPT CPT See: Carriage Paid To code), treatment and medical service. Physicians can map these costs to each of their reimbursement Reimbursement Payment made to someone for out-of-pocket expenses has incurred. plans, thus revealing which procedures and payers are profitable and which ones are not. The CostDoctor software gives physicians a greater sense of control over their costs, their reimbursements and ultimately their business. CostDoctor Inc. is a software and services company. Based in Austin, Texas, CostDoctor is privately held and is funded by Castletop Capital. www.costdoctor.com About Serono Inc. Serono Inc., located in Rockland, Mass., is the U.S. affiliate of Serono, S.A., a global biotechnology leader, headquartered in Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. , Switzerland. In addition to being the world leader in reproductive health, Serono has strong market positions in neurology neurology (n  rŏl`əjē, ny–), study of the morphology, physiology, and pathology of the human nervous system. , metabolism and growth. The Company's research programs are focused on growing these businesses and on establishing new therapeutic areas. Currently, there are fifteen new molecules in development. More information about Serono and its portfolio of reproductive health therapies may be found at www.seronoinfertility.com. For more information, please visit www.costdoctor.com. |
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