HIMSS 2005 (Booth 2334), DALLAS, Texas, Feb. 14 /PRNewswire-FirstCall/ -- IDX Systems Corporation , a leading provider of healthcare information systems, today announced the general availability of IDX(R) Flowcast(TM) Metrics Manager, the newest addition to the Flowcast suite of business intelligence solutions. Flowcast Metrics Manager provides a balanced scorecard of critical performance metrics including measures of quality, customer satisfaction and financial performance. The company also announced that the University of Rochester Medical Faculty Group (URMFG) has implemented Metrics Manager as a key part of its performance management strategy.
Flowcast is a comprehensive revenue cycle management solution designed to help large physician organizations, hospitals and integrated delivery networks (IDNs) improve business performance. Robust business intelligence tools, including Flowcast Metrics Manager, Dashboard, Analyzer and Reporter, enable managers to translate and correlate critical performance data from across the healthcare enterprise.
Metrics Manager protects existing investments in information technology by extracting data from both IDX and non-IDX underlying data systems. Metrics Manager summarizes the data, and delivers it to front-line workers via a web portal. By providing desktop access to key data, Metrics Manager facilitates the immediate detection of performance problems that impact patient care both directly and indirectly, including scheduling, coding, charge entry, claims processing, denials and patient satisfaction.
The University of Rochester Medical Faculty Group, an organization of more than 900 physicians, is a division of the University of Rochester that serves as a central resource for credentialing physicians and negotiating payment rates with third-party payers. URMFG earned MCQA Certification in April 2004. URMFG has used Flowcast patient access, financial and business intelligence applications since 1997. With Metrics Manager, they will initially deliver scorecards to URMFG executives with a broader roll-out of the solution to other locations, departments and physicians to follow.
“Performance management means measuring what really matters and getting that information into the hands of those doing the day-to-day work,” said Martin Haibach, Director, Finance and Administration, The University of Rochester Medical Faculty Group. “By supporting the creation of clear targets with immediate feedback, IDX is enabling our philosophy of accountability, collaboration and execution and allowing us to automate and simplify business processes in support of our true mission: Excellence in patient care.”
Features and benefits customers can expect from Flowcast Metrics Manager include:
* Improved turnaround time in response to questions from patients, physicians, payers and other stakeholders * Real-time data tracking against targets and benchmarks * Correlation of metrics from both upstream and downstream processes, promoting faster issue resolution * Audit trail creation and automatic non-conformance alerts * Enhanced collaboration and connectivity of the healthcare workforce
“Healthcare enterprises thrive when team members at all levels have the information they need to enhance patient access, maximize reimbursement and assure organizational success,” said Jeff Kao, Senior Vice President and General Manager, IDX Flowcast Operating Unit. “URMFG is among the industry leaders in understanding and promoting the connection between improved business performance and the delivery of world-class healthcare.”
For a demonstration of Metrics Manager or the entire Flowcast Business Intelligence suite, visit IDX at HIMSS 2005, booth #2334.
About IDX(R) Flowcast(TM)
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. Flowcast enables the seamless flow of information across the enterprise, promoting greater efficiency and data integrity from the front desk to the back office. Flowcast combines proven capabilities with embedded best practices to advance business success. Whether deployed in-house, delivered as a hosted solution, or provided as a comprehensive outsourced business service, Flowcast is at the foundation of world-class patient service and business performance. For more information, visit http://www.idx.com/flowcast
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. 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 software solutions 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
IDX also provides its enterprise clinical software as a subcontractor to BT and Fujitsu Services, Local Service Providers for the United Kingdom National Health Service’s National Programme for Information Technology, an initiative to establish electronic patient records for 50 million patients.
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.
IDX(R), Flowcast(TM) and Advancing Business Success(TM) are trademarks or registered 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 and/or integrating new services and systems, difficulties in implementing systems, possible deferral, delay or cancellation by customers of computer systems 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 industry, 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 bob@osmosiscommunications.com 802.472.3444
IDX Systems Corporation
CONTACT: Bob Osmond of Osmosis Communications, Inc., for IDX SystemsCorporation, bob@osmosiscommunications.com, +1-802-472-3444
Web site: http://www.idx.com/