Cordis Technology United States
The Business Model
Business models of today aim to become profitable through the sale of products and services. While executing this strategy, it is critical to first analyze the business model to determine if it is sustainable. Generally, companies will ask themselves how they can drive revenue higher and improve profit margins. In order to do this, they will look at the three Ps of profitability: pricing, product quality and growth.
Cordis Technology – United States of America>>
The Company Cordis Technology, Inc. (OTC:COTY) is a global leader in health IT software. Our solutions meet the everyday needs of healthcare professionals and patients around the world. We are dedicated to helping people lead healthier lives through information management, research analytics and digital health solutions. We provide a broad range of software products and services from our headquarters in Reston, Virginia. Through our network of partner locations and Cordis Labs, we work with customers to deliver end-to-end solutions for their clinical, integrates or data storage needs. Our flagship product is Cordis Clinical, which is a set of enterprise software tools for healthcare providers working with patients or medical records. We also offer ancillary solutions like research analytics, security products and mobile applications .
In 1976, a group of developers from the University of Virginia wanted to create a digital medical record keeping system for a large teaching hospital in Virginia. They formed a company and began designing a software system to track information and documentation related to patient visits and treatments. The first version of the software was released in 1982 and allowed for tracking of the patients in a hospital, as well as the supply chain, providers and other internal hospital records. The software became popular among healthcare providers and soon after, a business model based on selling software to hospitals was developed. In 1989, the first version of the software was sold to an intensive care unit (ICU) in a hospital in France. The same year, we began sales in the United States and by 1992, the company had grown to 1000 employees. Over the years, we have expanded our offerings to include solutions for other industries and vertical markets. Today, we are the world’s largest healthcare software company with more than 19,000 employees worldwide and over $5 billion in revenue.