Idx Systems (NASDAQ:IDXC)
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IDX Systems Corporation to Feature Revenue Cycle Solutions at
2005 Healthcare Financial Management Association (HFMA) Exhibit
Patient-Centric, Interoperable Approach to Improving Business Performance to Be
Demonstrated
HFMA 2005 (Booth 423), LAS VEGAS, June 27 /PRNewswire-FirstCall/ -- IDX
Systems Corporation (NASDAQ:IDXC), a leading provider of healthcare information
systems, will showcase proven revenue cycle management solutions that meet the
healthcare IT needs of small group practices and large healthcare enterprises
at the Healthcare Financial Management Association (HFMA) Annual National
Institute and Idea Exchange (ANI), June 26-30, at Bally's Hotel and Convention
Center, Las Vegas, Nevada.
IDX Flowcast(TM), Groupcast(TM), and Carecast(TM) solutions are designed to
improve patient satisfaction and increase cash flow by automating key business
processes, and enhance productivity with advanced enterprise-wide workflow
solutions.
Flowcast is a comprehensive revenue cycle management solution designed to help
large physician organizations, hospitals, and integrated delivery networks
(IDNs) improve business performance. Flowcast optimizes the revenue cycle
through the improvement of business processes associated with patient access,
billing and reimbursement. The product also offers robust business intelligence
capabilities to help monitor and improve performance metrics, including patient
satisfaction, regulatory compliance issues and key financial indicators.
Groupcast is a proven revenue cycle management solution for small to
medium-sized medical practices and physician service organizations. Launched in
February of 2005, Groupcast 2.0 features include workflow automation,
integrated document imaging, comprehensive EDI, advanced analytics, security
and privacy controls, and a web-based design.
Carecast is an enterprise-wide, fully integrated clinical, financial, and
administrative system. Carecast supports best patient care and business
practices by integrating core clinical processes for orders, results, pharmacy
and clinical documentation with administrative and financial processes for
scheduling, registration, admitting, charging and billing. The result is a
comprehensive system that supports a clinically automated revenue cycle and
enables care providers to work more effectively together, as well as with the
business office. Carecast optimizes financial performance by capturing charges
at the point of care and streamlining the billing process to improve cash flow,
while reducing costs.
In addition to these solutions, IDX will demonstrate its patient portal, IDX(R)
Patient Online(R). Patient Online provides a secure communication link between
healthcare providers and their patients, streamlining patient access and
communication about both clinical and administrative matters using web- based
self service tools.
"For more than 35 years, IDX has advanced the idea that excellence in clinical
care is best supported by strong business performance," said James H. Crook,
Jr., Chief Executive Officer of IDX. "Industry events such as the annual HFMA
conference provide an ideal opportunity for us to demonstrate the value our
solutions deliver at our more than 3,400 customer sites."
All IDX products are built on a foundation of universal connectivity, promoting
interoperability with existing systems and enabling organizations to leverage
their existing investments in healthcare IT. To sign up for a demonstration of
IDX solutions at HFMA, go to http://www.idx.com/corporate/hfma_demorequest.asp
or contact your IDX representative.
About IDX
Founded in 1969, IDX Systems Corporation provides information technology
solutions to maximize value in the delivery of healthcare, improve the quality
of patient service, enhance medical outcomes, and reduce the costs of care. Our
systems are deployed to serve approximately 150,000 physicians and are
installed at over 3,400 customer sites, including more than 850 group practices
and approximately 370 integrated delivery networks servicing more than 500
hospitals.
The IDX web strategy includes browser technology, e-commerce and web-based
tools -- built using Internet architecture - that facilitates access for
patients, physicians and care providers to vital health information and data
managed by the IDX clinical, administrative, financial, and managed care
products. IDX has approximately 2,400 full-time employees.
IDX, Carecast, Flowcast, Groupcast and LastWord are registered trademarks or
trademarks of IDX Investment Corporation.
This press release contains forward-looking statements about IDX Systems
Corporation that involve a number of risks and uncertainties. Among the
important factors that could cause actual results to differ materially from
those indicated by such forward-looking statements are uncertainties or
difficulties in developing new services, possible failure of IDX to realize the
benefits of developing clinical guidelines, difficulties in implementing
systems, possible deferral, delay or cancellation by customers of computer
system or service purchase decisions, possible delay of system installations
and service implementations, development by competitors of new or superior
technologies, changing economic, political and regulatory influences on the
healthcare and e-Commerce industries, possible disruptions in the national
economy caused by terrorist activities and foreign conflicts, changes in
product pricing policies, governmental regulation of IDX's software and
operations, the possibility of product-related liabilities, and factors
detailed from time to time in IDX's periodic reports and registration
statements filed with the Securities and Exchange Commission, which important
factors are incorporated herein by reference. IDX undertakes no obligation to
update forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events, or changes in future operating results,
financial condition or business over time.
For more information, contact:
Bob Osmond
Osmosis Communications, Inc.
For IDX Systems Corporation
802.472.3444
DATASOURCE: IDX Systems Corporation
CONTACT: Bob Osmond for IDX Systems Corporation, +1-802-472-3444,
Web site: http://www.idx.com/