The company owns software that is used as a management tool to assess the quality and accuracy of medical transcription documents. It was originally developed by a leader in the Quality Assessment field and has been updated several times to stay current with industry standards. The latest upgrade, released last year, improves compatibility with current PC platforms. The software is currently sold to hospitals as an add on to their transcription software. It is sold through the company website as a license agreement with a minimum 3 year service contract. The software has features that are unique in the industry and the company has an established customer base and strong branding in the medical community. Online demonstration of the software capability can be arranged for any interested buyer.

The software was originally developed in 1997 by a leader in the field of quality assessment and has been used to evaluate medical transcription documents for more than 15 years. It was been updated several times and meets all industry quality standards. A new version of the software was just released in May 2016 which improves compatibility with current PC platforms.

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Competitive Overview
Market penetration for the software is underdeveloped and could be expanded significantly with a dedicated sales team. Although there are other quality assessment tools available on the market, this software has several unique competitive advantages that allow it to stand above the others.

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Potential Growth
There are significant growth opportunities within the medical transcription field as the software is not being marketed by the current owner. All sales are by reputation or through their website. The market within the medical transcription field could be expanded significantly with a dedicated sales force and a focus on hospitals, clinics and transcription companies. There are also other potential applications for the software in industries that use transcription such and legal and insurance.

Posted Dec 28, 2015

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