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IDX Systems Corporation
Business:
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. IDX supports these objectives with a broad range of complementary and functionally rich products installed at 3,300 customer sites. Customers include 138,000 physicians who utilize practice management systems to improve patient care and other workflow processes. IDX Systems are installed at:
380 Integrated delivery networks (IDNs) representing more than 500 hospitals
175 large group practices with more than 200 physicians
665 mid-size group practices with less than 200 physicians
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 2,100 full-time employees.
Products:
IDX offers a full suite of information technology solutions for healthcare organizations of all sizes. The core IDX financial, administrative, and clinical solutions deliver a total information system solution to physician group practices, academic medical centers, hospitals, and integrated delivery networks (IDNs).
IDX products include electronic medical records, practice management and business performance systems, acute care systems, imaging, and connectivity services. Key healthcare processes automated by IDX solutions include:
- financial and managed care functions such as billing, collections, benefit management, contract management, and data analysis.
- administrative functions such as scheduling, registration, and visit management.
- clinical functions such as medical records, laboratory, pharmacy, and radiology information management.
Management:
Richard E. Tarrant, Chairman
Jim Crook, President and Chief Executive Officer
John A. Kane, Senior Vice President and Chief Financial Officer
Investor:
Founded in 1969 IDX Systems Corporation went public in November 1995. The Public Offering stock price was $18.00 per share. The stock is traded over the counter on Nasdaq under the symbol IDXC.