ProxyMed and IDX Systems Join in an Electronic Prescription Agreement
February 24, 1998 08:50 AM
FT. LAUDERDALE, Fla., Feb. 24 /PRNewswire/ -- ProxyMed, Inc. PILL , a healthcare information technology company, today announced that it has entered into an agreement with IDX Systems Corp. IDXC to jointly develop and market automated prescription management tools for physicians. This agreement leverages ProxyMed's experience with health plans and pharmacies with IDX's expertise in clinical information systems to provide physicians with prescription management at the point of care. Through ProxyMed's secured national healthcare information network, ProxyNet, physicians using the IDXtendR(TM) Clinical Management System (CMS) can electronically submit prescriptions to pharmacies.
"Integrated pharmacy management is important to physicians experiencing the cost pressures of managed care. The ability to transmit pharmacy data electronically will increase the quality of care delivered to patients while saving physicians and their staff time," said Dr. Henry Tufo, MD, IDX chief operating officer. "This agreement reinforces our commitment to helping our customers succeed through innovative uses of information at the point of service."
Jack Guinan, ProxyMed, Inc. president, commented on the agreement, "The relationship between ProxyMed and IDX sends a clear and compelling message about the need to integrate prescription management and clinical content contribution at the point of care. The integration of our capabilities will transform pharmacy management from manual back office tasks to an automated, proactive, point-of-care solution." Mr. Guinan concluded, "We are indeed excited about this and look forward to working with IDX to help its community of users better deliver quality care."
Founded in 1969, IDX Systems Corporation provides complete healthcare information solutions for integrated delivery networks including, group practices, MSOs, health plans, and hospitals. To connect systems and sites across the enterprise, IDX offers the IDXtendR @ the Site Series. IDXtendR provides the products and services required to streamline patient flow, enhance quality, and reduce costs across complex healthcare delivery networks. IDX is the company of choice at more than 1,550 customer sites nationwide.
ProxyMed, Inc., based in Ft. Lauderdale, Florida, is a healthcare information service company that provides online clinical and financial electronic data interchange (EDI) services to physicians. ProxyMed connects physicians to pharmacies, commercial and hospital laboratories, payors, and managed care companies through its secured national healthcare information network, ProxyNet.
This News Release also contains "forward-looking statements" within the meaning of the federal securities laws. These forward-looking statements include assumptions, beliefs and opinions relating to ProxyMed's growth strategy based upon ProxyMed's interpretation and analysis of healthcare industry trends and management's ability to successfully develop, implement, market and sell its secure network transaction processing services, software programs, clinical databases and financial transaction services to physicians and other healthcare providers. This strategy assumes that physicians will prefer "one-stop shopping" for its products and services and that ProxyMed will be able to successfully develop, acquire, maintain and upgrade competitive clinical and financial transaction sets and successfully integrate them with ProxyMed's existing products and services. This strategy also assumes that ProxyMed will be able to successfully develop and execute its strategic relationships, especially with the providers of information systems to physicians under ProxyMed's electronic commerce partner program, and with pharmacy chains, independent pharmacy owners and pharmacy information system vendors. Many known and unknown risks, uncertainties and other factors, including general economic conditions and risk factors detailed from time to time in ProxyMed's Securities and Exchange Commission filings, may cause these forward-looking statements to be incorrect, and may cause actual results to be materially different from any future results expressed or implied by these assumptions, opinions and beliefs. ProxyMed expressly disclaims any intent or obligation to update any forward-looking statements.
More information on ProxyMed is available on their home page at proxymed.com and IDX Systems Corporation at idx.com. SOURCE ProxyMed, Inc. |
