BURLINGTON, Vt., April 1 /PRNewswire-FirstCall/ -- IDX Systems Corporation announced today that Flowcast(TM), an innovative new healthcare solution for managing the business of healthcare in hospitals, integrated delivery networks (IDNs), and large group practices, is now available in general release. Built on the strengths of IDX’s leading administrative and financial systems, Flowcast is a next-generation product that has brought measurable success to early adopters. The wider deployment of Flowcast to existing IDX customers and the market at large will reinforce IDX’s position as a market leader in providing healthcare revenue cycle management solutions.
Early adopters are recognizing the benefits now. “Flowcast has improved our revenue cycle and allows us to focus on what’s important. Streamlined charge entry and editing processes get clean claims out the door quickly, reducing payer edits and turn-around time for payment,” said Chuck Henck, Chief Information Officer at University Physicians, Inc., at the University of Maryland. “In addition, Flowcast differentiates itself by delivering a very scalable, solid platform that allows us to meet the high availability requirements of the organization and respond to grow over time.”
Innovative development and deployment strategies are literally built-in to Flowcast to streamline implementation and introduce best practices. Flowcast is designed to enable rapid realization of value in the organization.
“The migration to Flowcast was close to flawless,” said Peter Johnson, Senior Vice President and Chief Information Officer at Dartmouth Hitchcock Medical Center. “This was probably the most complicated IDX installation we have done in some time and it proceeded exactly as planned, almost to the minute.”
Flowcast is a high-quality, innovative solution that brings increased performance to the entire revenue cycle. Flowcast advanced technology features include workflow automation, integrated document imaging, comprehensive Electronic Data Interchanges, advanced analytics, security and privacy controls, and a web-based design. Flowcast solution suites - Access Management, Patient Financials, and Business Intelligence - automate key processes in the revenue cycle, drive patient satisfaction, streamline regulatory compliance and enhance the benefits of clinical interoperability. Backed by a strong Six Sigma(R) program, Flowcast is driven by a focus on quality and customer success.
“Flowcast is delivering impressive new value to customers today,” said Thomas W. Butts, IDX President and Chief Operating Officer. “Our pre-release customers have found that Flowcast exceeds their expectations. There is considerable excitement and interest about Flowcast migration with other existing customers. Flowcast supports our long-term strategies for customer success and IDX growth. Flowcast is testament to IDX’s focus on innovation that benefits the patient and improves both the financial health of our customers and the quality of healthcare overall. We believe we’ve accomplished the perfect alignment of the evolution of our software with the critical needs of our customers.”
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 Systems are installed at approximately:
-- 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 and Flowcast 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 new services and systems, including Flowcast, 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 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: Robert Stirewalt, IDX Senior Marketing Communications Specialist 802-864-1758, ext. 6933 robert_stirewalt@idx.com
IDX Systems Corporation
CONTACT: Robert Stirewalt, Senior Marketing Communications Specialist,IDX, +1-802-864-1758, ext. 6933, robert_stirewalt@idx.com
Web site: http://www.idx.com/
