CostDoctor and Organon To Help Doctors Optimize `The Business of Medicine' With Unique Software; CostDoctor Enters Strategic Marketing Agreement With Organon.Business Editors & Health/Medical/High-Tech Writers AUSTIN, Texas--(BW HealthWire)--Jan. 23, 2002 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 physicians, today announced the signing of a strategic marketing agreement with Organon or·ga·non or or·ga·num n. pl. or·ga·nons or or·ga·nums or or·ga·na 1. An organ. 2. A set of principles for use in scientific investigation. organon pl. organa [Gr.] organ. Inc. Organon Inc.'s sales force will provide 20,000 obstetricians and gynecologists across 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. with the innovative cost analysis software designed to help medical professionals maximize office performance through in-depth analysis and practical applications. "Our collaboration with Organon is extremely exciting, because physicians will now have a tool that will take their cost and margin analysis to a new and deeper level," said Dr. Kaylen Silverberg, Chairman and Founder of CostDoctor Inc. "The CostDoctor software will allow physicians to meet the dual challenges of increasing costs and declining reimbursements. By providing physicians with a tool to better manage their costs, better evaluate their reimbursements and ultimately better preserve the profitability of their practice, physicians can focus on the most important goal of all, the health and well-being of their patients." "As a global leader in pharmaceutical innovation, Organon has long since demonstrated its commitment to women's health Women's Health Definition Women's health is the effect of gender on disease and health that encompasses a broad range of biological and psychosocial issues. . We have always placed a great emphasis on strategic research alliances in terms of drug research and development," said Hans Radder, President, Organon Inc. "But in today's environment it is vitally important to understand all of the factors critical to delivering the very best health care. We believe that our relationship with CostDoctor further supports our commitment to support the medical community with products and services for better health care." Under the terms of the agreement, Organon's field sales force will distribute an introductory version of the software to obstetricians and gynecologists. CostDoctor software can be used to uncover fundamental information that is critical to maximizing office efficiencies and uncover the true costs associated with providing quality medicine in a challenging and evolving healthcare environment. CostDoctor will provide customer service and technical support for participating practices. About CostDoctor Inc. CostDoctor Inc. delivers software and services that enable 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 plans, thus revealing their unique profit structure. 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 Organon Inc. Organon provides comprehensive service and support programs to health care professionals across specialties including continuing medical education continuing medical education See CME. . In the U.S., Organon focuses on three critical areas of women's health: contraception, fertility and hormone replacement therapy/osteoporosis. It is one of the few international companies conducting research into new fertility drugs and contraceptives. Organon Inc. of West Orange, N.J. is the U.S. affiliate of N.V. Organon, a renowned international ethical pharmaceutical company. Organon maintains a strong commitment to health care, conducting research in the areas of psychiatry, contraception, fertility, anesthesiology anesthesiology (ăn'ĭsthē'zēŏl`əjē), branch of medicine concerned primarily with procedures for rendering patients insensitive to pain, and for supporting life systems under the strains of anesthesia and surgery. , thrombosis thrombosis (thrŏmbō`sĭs), obstruction of an artery or vein by a blood clot (thrombus). Arterial thrombosis is generally more serious because the supply of oxygen and nutrition to an area of the body is halted. , immunology, osteoporosis prevention and treatment of post-menopausal symptoms. Organon Inc.'s contraceptive products include Mircette(tm) (desogestrel/ethinyl estradiol estradiol /es·tra·di·ol/ (es?trah-di´ol) (es-tra´de-ol) the most potent estrogen in humans; pharmacologically, it is often used in the form of its esters (e.g., e. cypionate, e. and ethinyl estradiol eth·i·nyl estradiol n. A synthetic estrogen derivative commonly used in oral contraceptives. Ethinyl estradiol ) Tablets, Cyclessa(tm) (desogestrel/ethinyl estradiol) Tablets and NuvaRing(R)(etonogestrel/ethinyl estradiol vaginal ring vaginal ring Gynecology An annular contraceptive device inserted in the vagina before coitus, which slowly releases levonorgestrel or progesterone. See Norplant, Pearl index. Cf Female condom. ). About Akzo Nobel Akzo Nobel is a multinational company, active in the fields of healthcare products, coatings and chemicals. Headquartered in Amsterdam, the Netherlands, the company has activities in more than 80 countries, and employs approximately 62,000 people. Organon is one of the business units of Akzo Nobel N.V. Headquartered in The Netherlands, Akzo Nobel N.V. is a market-driven and technology-based company, serving customers throughout the world with health care products, coatings and chemicals. The company employs 68,000 people and has activities in more than 70 countries. www.organoninc.com For more information, please visit www.costdoctor.com or www.organoninc.com. |
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