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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
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Tuesday, June 10, 2008
Virtual Radiologic Announces Technology Licensing Partnership With Radiology Department At Massachusetts General Hospital
Comtex
MINNEAPOLIS, Jun 10, 2008 (PrimeNewswire via COMTEX) ----Virtual Radiologic Corp. (Nasdaq:VRAD), a leading national provider of teleradiology services, today announced a multi-year technology licensing partnership with Massachusetts General Physicians Organization (MGPO), partner of the Massachusetts General Hospital and teaching affiliate of Harvard Medical School.
"After an exhaustive search for a teleradiology platform, we found the innovative technology and services that Virtual Radiologic can provide our radiologists to be the best solution available," said John Landry, Director of Teleradiology and Business Technology for MGPO. "We are excited about combining the significant academic and clinical knowledge of our highly trained physicians with the deep, feature-rich technology platform provided by Virtual Radiologic. In addition, MGPO and Virtual Radiologic both share the belief that teleradiology programs should complement and supplement understaffed local radiology practices, rather than competing with them. These common values are the backbone of this partnership."
Under the terms of the agreement, Virtual Radiologic will license vRad(sm) Enterprise Connect, Virtual Radiologic's teleradiology platform, to MGPO for use in its teleradiology program. Included in the agreement will be access to Virtual Radiologic's 24-hour Operations Center and workflow management services to ensure seamless communications between MGPO radiologists and the medical facilities that they serve.
vRad(sm) Enterprise Connect is Virtual Radiologic's proprietary Web-based workflow platform that interfaces with a facility's existing RIS and PACS systems. It requires no infrastructure or data center investments and enables academic medical centers and radiology groups to extend their services beyond traditional practice boundaries. It is the same teleradiology platform used by Virtual Radiologic's more than 115 affiliated practicing radiologists serving 13 percent of hospitals in the United States.
Said Rick Jennings, Virtual Radiologic's Chief Technology Officer, "We have spent the last five years developing the technology and Operations Center services at the core of vRad(sm) Enterprise Connect for one reason -- to improve the productivity of radiologists. We are delighted to announce that MGPO's Department of Radiology is leveraging Virtual Radiologic's teleradiology infrastructure to significantly enhance its teleradiology program."
About Virtual Radiologic
Virtual Radiologic Corporation (www.virtualrad.com) provides teleradiology solutions to radiology practices and medical centers throughout the United States. Utilizing market-leading, proprietary workflow technology, Virtual Radiologic physicians perform preliminary and final read interpretations for emergent and non-emergent needs -- day or night, 365 days a year. Virtual Radiologic's American Board of Radiology-certified radiologists are collectively licensed in all 50 states. Virtual Radiologic is Joint Commission-accredited and serves hundreds of clients supporting more than 830 medical facilities.
About Massachusetts General Physicians Organization
The Massachusetts General Physicians Organization is the largest multi-specialty group practice in New England and is partner of the Massachusetts General Hospital, a founding member of Partners HealthCare, and a teaching affiliate of Harvard Medical School. More than 1,200 employed physicians and more than 1,800 physicians are affiliated with the MGPO. For the past 10 years, the MGPO has supported doctors in their efforts to provide excellent care to patients while assisting in timely and fair reimbursement.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Virtual Radiologic Corporation
Virtual Radiologic Corp. Investors & Media John Waelti (952) 392-1196
(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.
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