News Release
CodoniX, Inc. Signs Licensing Agreement With McKesson Corporation
CodoniX software to aid development of McKesson's emergency care product
HERNDON, VA, October 15, 2001. Medical software from CodoniX, Inc. will soon be functioning in hundreds of hospital emergency departments nationwide as a result of an agreement signed recently with McKesson Corporation. CodoniX, a medical software company that develops and distributes applications that capture and document clinical data from the physician-patient encounter, has entered into a strategic agreement with McKesson to provide its development environment and knowledge base to act as the charting solution for their recently announced Horizon Emergency Care product.
With the addition of the CodoniX software, the Horizon Emergency Care product will enhance emergency department performance through an integrated patient care record, optimize department workflows and ensure appropriate reimbursement.
The agreement with McKesson will greatly expand the presence of CodoniX technology, which is currently being used in nine emergency departments around the U.S. CodoniX has undertaken an aggressive campaign to market its software, which offers many unique advantages.
"This agreement with McKesson demonstrates significant acceptance of the CodoniX technology and functionality and serves as a major milestone as we rapidly gain momentum for our emergency department product in the U.S.," said William H. Boles, CodoniX president and chief executive officer.
The complete CodoniX software application includes department specific patient tracking, knowledge-driven documentation and coding, electronic order/results communication, discharge information and management reporting with a patient-centric clinical information model that helps provide systematic care across departments and settings. Among its unique aspects, the CodoniX software:
- Uses an advanced object-oriented programming architecture to produce a physician's note that accurately documents all services provided in a physician patient encounter by transparently coding the chart for all valid ICD-9, CPT, E&M, V, and APC codes.
- Provides a logical imitation of the medical process in a point and click environment, without relying on inflexible templates, pick-lists or other cumbersome models.
- Captures the encounter data as discrete data points, unlike dictation or transcription.
"The CodoniX application is an intuitive system that mimics clinical problem solving," said Andrew V. Muchmore, M.D., CodoniX founder and chairman of the board. "With McKesson's decision to integrate our technology into its successful Horizon Clinicals product line, we expect to see improved quality and efficiency in emergency care."
Horizon Clinicals, a division of McKesson Corporation (www.mckesson.com), is a comprehensive suite of next-generation, integrated solutions for physicians and other clinicians in a variety of care settings. This modular suite of clinically intelligent information systems thinks and works like clinicians. Featuring an integrated clinical repository, common architecture, documentation, order management and advanced clinical decision support, Horizon Clinicals unifies the clinical process by linking all patient encounters across care settings and clinical disciplines. McKesson, a Fortune 35 corporation, is the world's largest supply management and healthcare information technology company.
Headquartered just outside of Washington, D.C. in Herndon, Virginia, CodoniX, Inc. (www.codonix.com) is a privately-held company with a proprietary technology that can be accessed on a local area network or via the Internet to accurately build and code a computerized physician's note without using complex menus and rigid templates. These notes reduce errors and dramatically increase collections and cut administrative costs associated with dictation, transcription, coding and copying. Other medical specialty documentation applications are currently under development for cardiology, orthopedics, obstetrics/gynecology, and family practice.
Contact:
CodoniX, Inc.
Steve Speights
964 Durlston Road
Redwood, CA 94062
(800) 495-7270
E-mail: Stephens@codonix.com
web: www.codonix.com