Caduceus Software Systems Corp. (OTC: CSOC), a software company engaged in the development of an all-in-one solution for private practitioners and doctors, saw a big jump in its shares on Tuesday.
CSOC shares rose a whopping 321.21% to finish at $0.0139 on Tuesday. So what sparked this huge rally?
On Tuesday, Caduceus Software provided an update on the opportunities it is pursuing in the Electronic Health Record (EHR) markets. In one of the press releases on Tuesday, CSOC focused on the market size.
Citing a recent report from Accenture, the global management consulting firm, Caduceus Software noted on Tuesday that around the world, electronic medical records and electronic health records are being implemented to improve patient care, lower health care expenses and fundamentally change the way in which medicine is practiced.
According to Accenture, market forces will drive growth of the global electronic medical records markets at rates ranging from 6.6% to 9.7% across North America, Europe, Latin America and Asia Pacific. Overall, the consulting firm projects the market to be worth $19.7 billion in 2013.
CSOC said that apart from the market growth, the U.S. mandate for all health records to be electronic by 2014 also presents a major opportunity for the company.
Recent Comments