Thursday January 30 8:32 AM EDT
IDX Systems Corporation and US Servis Announce Strategic Alliance
Business Office Outsourcing Available
BURLINGTON, Vt., Jan. 30 /PRNewswire/ -- IDX Systems Corp and US Servis Inc announced today the formation of a strategic
alliance to provide a comprehensive solution -- including information systems and outsourcing -- for the business offices of hospitals
and physician groups.
Under the terms of the agreement, IDX will market US Servis' outsourcing services to existing and prospective customers. These
outsourcing services will be marketed through The Huntington Group, a unit of IDX devoted entirely to offering professional
services for the healthcare industry. The alliance combines IDX's software, professional services, implementation, and support
services with US Servis' outsourcing for billing, accounts receivable, and financial management.
US Servis Chairman, Graham O. King, stated, "We are very pleased to have formed this important relationship. To be aligned with
an industry leader like IDX is a very positive step forward in the development of our company. IDX's solid position with group
practices of all sizes, MSOs, hospitals, and complex delivery systems will improve our Company's access to these key markets.
This is a very significant and exciting opportunity for our Company."
Dr. Henry Tufo, IDX chief operating officer and executive vice president, remarked that healthcare organizations require a broad
range of solutions to address the challenges associated with managing patient lives. "Our alliance with US Servis allows us to provide
a proven solution to our customers that will help them maximize the value of their investment in information systems, and relieve
them of administrative burdens so that they can focus on the delivery of healthcare," said Dr. Tufo.
Serving approximately 2,000 physicians, six integrated delivery systems, and 45,000 covered lives, US Servis is a leading provider of
outsourcing services to physician delivery systems, hospital business offices, and managed care organizations.
Founded in 1969, IDX Systems Corporation is a leading provider of healthcare information systems to integrated delivery networks,
including, group practices, MSOs, health plans and hospitals. IDX systems meet the multi-site, multi-function needs of integrated
delivery networks and serve the needs of approximately 72,000 physicians. IDX products are installed at more than 1,000 client sites
nationwide, including approximately 190 large physician group practices, over 100 hospitals and a growing number of integrated
delivery networks.
This press release contains forward-looking statements 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 volume and
timing of systems sales and installations, length of sales cycles and installation process, seasonal patterns of sales and customer
buying behavior, the development by competitors of new or superior technologies, delays in product development, undetected errors
or bugs in software, product liability, changing economic, political and regulatory influences on the healthcare industry, changes in
product pricing policies, competitive pressures, possible regulation of the Company's software by the U.S. Food and Drug
Administration, general economic conditions, and the risk factors detailed from time to time in the Company's periodic reports and
registration statements filed with the Securities and Exchange Commission. SOURCE IDX Systems Corporation |
