BIRMINGHAM, England--(BUSINESS WIRE)-- Caduceus Software Systems Corp. (OTCBB:CSOC) is pleased to provide an update on its recent analysis of the outlook and viability of its renowned electronic records medical software, the Caduceus MMS for the market of the United Kingdom.
The results have provided enough evidence to show that, not only is there a need for the implementation of Electronic Health Records in the UK but that this type of software should cut significant costs to the medical industry in the UK as well as individual private practices, as well as help the UK medical system become more efficient as a whole.
In June of 2002 The National Program for Information Technology (NPfIT) announced that they will spend £2.3 Billion pounds over the next three years to improve health care for patients and to secure the future of the National Health Service by implementing an Integrated Care Record Service which will enable information to be shared among all those providing care, including patients themselves.
Since 2002 the NHS Connecting for Health did not seek to maintain a detailed estimate of overall expenditure on the Programme but had made broad projections based on the fixed price contracts that the cost of the Programme will be around £12.4 Billion pounds over the ten year life of the main contracts.
As of May 18, 2011, the National Audit Office published that about £6.4 Billion had been spent on the National Program by 31 March 2011. About £5 Billion yet to be spent on the NPfIT overall, of which £4.3 Billion is due to be spent on delivery and implementation of care records systems up until 2015/16. It should also be noted that the focus of imposing a single nationally imposed system has changed and that the Department of Health is seeking for local software solutions instead.
The goal of implementing this ongoing healthcare IT programme represents one of the largest single IT investment in the UK to date. If successful, it will deliver important financial, patient safety and service benefits.
As a Company we are perfectly positioned to take advantage of these initiatives as the Caduceus MMS software facilitates Electronic Health Records (EMR) and Electronic Medical Billing (EMB) for practitioners, which processes vital patient information in a digital format and eliminates the needs for paper filing and diarizing. “This is the solution that the Department of Health requires for its hospitals, physicians, medical technicians, assistants and medical students and it is our goal to provide them with a solution,” Say Derrick Gidden CEO of Caduceus Software Systems.
The Company will be actively pursuing the application process in order to be able to provide its electronic records medical software, the Caduceus MMS as a solution to hospitals and practitioners in the UK.
Caduceus Software Systems Corp. (www.caduceusco.com) is a software company that specializes in developing an all-in-one solution for private practitioners and doctors. We are in the healthcare information management industry. We are headquartered in the United Kingdom, specifically located in the metropolitan city of Birmingham. Our company was created as we saw an urgent need for better patient care throughout the world. General practitioners are using unsophisticated software which acts as a more administrative than acting as a time saving tool. We are called Caduceus, which is the well-known insignia used by medical professionals.
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All statements contained in this press release, other than statements of historical fact, are forward-looking statements, including those regarding: Caduceus Software Systems Inc. products, services, capabilities, performance, opportunities, development and business outlook, guidance on our future financial results and other projections or measures of our future performance; the amount and timing of the benefits expected from strategic initiatives and acquisitions or from deployment of new or updated technologies, products, services or applications; and other potential sources of additional revenue. These statements are based on our current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different than those described in or implied by such forward-looking statements. These risks and uncertainties include those relating to: lack of operating history, transitioning from a development company to an operating company, difficulties in distinguishing Caduceus Software Systems Inc. products and services, ability to deploy Caduceus Software Systems Inc. services and products, market acceptance of our products and services; operational difficulties relating to combining acquired companies and businesses; our ability to form and maintain mutually beneficial relationships with customers and strategic partners; changes in economic, political or regulatory conditions or other trends affecting the healthcare, Internet, information technology and healthcare and pharmaceutical industries, and our ability to attract and retain qualified personnel. Further information about these matters can be found in our Securities and Exchange Commission filings. We expressly disclaim any intent or obligation to update these forward-looking statements.
Shawn Van Damme, 1-855-391-2615
KEYWORDS: United Kingdom United States Europe North America Washington
INDUSTRY KEYWORDS: Technology Data Management Software Practice Management Health Hospitals