BURLINGTON, Vt., and NEW ORLEANS, June 14 /PRNewswire-FirstCall/ -- IDX Systems Corporation , and LSU Healthcare Network (LSUHN) today announced an agreement under which LSUHN will outsource significant portions of its business office and technology functions through the IDX Flowcast(TM) Business Services Outsourcing (Flowcast BSO) solution. The agreement is expected to reduce costs, improve profitability, increase patient access and enable LSUHN to focus on its core mission: excellence in patient care.
The Flowcast BSO solution is a new offering from IDX based upon IDX’s proven revenue cycle management solution, Flowcast, and the best-practices developed by IDX in its 35-year history supporting healthcare organizations. The Flowcast BSO solution will enable healthcare enterprises such as LSUHN to increase profitability and drive productivity. The Flowcast BSO solution provides the technology resources necessary to improve the revenue cycle, the services required to deploy and support the technology, the human resources necessary to manage the improved revenue cycle, and the best practices required to finely tune the revenue cycle. IDX expects to drive quality and performance for each BSO customer using the principles of Six Sigma(R). IDX will use Six Sigma to drive revenue cycle process improvements at BSO customer sites. Customers will experience the benefits of Six Sigma in their own environment, as well as through IDX’s corporate-wide commitment to the methodology.
LSUHN is a non-profit organization formed in 1997 to support the Louisiana State University School of Medicine and its delivery of medical services. Under this multi-year agreement with LSUHN, IDX is providing LSUHN with complete, integrated revenue cycle management technologies and services, including the automated charge capture functionality from TouchWorks(TM), a leading ambulatory electronic medical record solution from Allscripts Healthcare Solutions . IDX and LSUHN intend for LSUHN to become a best-practice model for future IDX Flowcast BSO implementations across the United States.
LSUHN’s selection of IDX’s outsourcing solution was catalyzed by LSUHN’s strategic decision to focus on its clinical mission and, at the same time, produce measurable improvement in business results. Large physician organizations, hospitals and IDNs continue to balance the competing demands of their clinical and business operations. Significant enhancements to an organization’s business performance can create financial flexibility and free resources to promote quality of care and clinical results.
“The LSU Healthcare Network is continually evaluating ways to improve operational effectiveness. In addition to delivering high quality healthcare, this partnership with IDX affords us the opportunity to maximize our use of systems, process improvement and technology to remain on the cutting edge of the healthcare industry,” said Barbara Guerard, CEO of the LSU Healthcare Network. “IDX has proven expertise in this area, and we look forward to working with them in this new business model.”
According to Thomas W. Butts, President and Chief Operating Officer of IDX Systems Corporation, “Working with Flowcast BSO frees LSU Healthcare Network doctors to aim straight for the critical mission of patient care. Flowcast BSO is another advancement for IDX as we leverage our significant domain expertise, our strategic alliance with Allscripts Healthcare Solutions, and our 35-year commitment to optimizing results for our customer partners. We built Flowcast BSO using Six Sigma methodologies. We use Six Sigma to drive process quality and performance at Flowcast BSO customer sites and we believe LSU Healthcare Network will be among those select organizations to champion and achieve overall industry best practices.”
About LSU Healthcare Network
LSU Healthcare Network is a non-profit organization formed in 1997 to support the Louisiana State University School of Medicine. LSU Healthcare Network operates and staffs outpatient facilities, provides patient and financial accounting services, negotiates and executes managed health care agreements, and provides the necessary medical management and information systems management to support the LSU School of Medicine’s faculty group practice.
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
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 Flowcast(TM) BSO are trademarks or registered trademarks of IDX Investment Corporation. Six Sigma(R) is a registered trademark of the Motorola Corporation. Touchworks is a trademark of Allscripts Healthcare Solutions. All other product names are trademarks or registered trademarks of their respective companies.
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 delivering services, including Flowcast BSO services, 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: Robert Stirewalt, IDX Senior Marketing Communications Specialist (802) 864-1758, ext. 6933 robert_stirewalt@idx.com Mark Romig, for LSU Healthcare Network Peter A. Mayer Public Relations (504) 756-2300 RomigM@peteramayer.com
IDX Systems Corporation
CONTACT: Robert Stirewalt, Senior Marketing Communications Specialist ofIDX, +1-802-864-1758, ext. 6933, robert_stirewalt@idx.com; or Mark Romig, forLSU Healthcare Network of Peter A. Mayer Public Relations, +1-504-756-2300,RomigM@peteramayer.com
Web site: http://www.idx.com/
