IDX Systems

IDX Systems Corporation (IDX) was a healthcare software technology company that formerly had headquarters in South Burlington, Vermont, United States. It was founded in 1969 by Robert Hoehl, Richard Tarrant, and Paul Egerman. IDX was acquired by General Electric and incorporated into its GE Healthcare business unit in 2006.

Products

Prior to its acquisition by GE Healthcare, IDX had four primary lines of business:

Flowcast was the original application produced by IDX. It is a revenue cycle management system for medium to large physician groups, hospitals, and integrated delivery networks, and includes scheduling, billing and collections modules. It is written in the MUMPS programming language and runs on InterSystems Caché.

Groupcast was a financial management system for smaller provider groups.

Carecast was a system used primarily by large hospitals and medical centers as an integrated clinical and financial application. Known as "Lastword" before IDX re-branded it, the system was developed in the 1980's by Seattle-based PHAMIS, Inc., a company acquired by IDX in 1997 [http://sec.edgar-online.com/1997/07/25/09/0000927016-97-002052/Section9.asp] . Carecast also came in a regionalized version currently used at the University College Hospital in London. The main Carecast code-base is written in COBOL, TAL, C and Java and runs on Tandem/NonStop Tandem Computers hardware.

Imagecast was a radiology information system which enables "filmless" radiology image workflow.

GE Buyout

On September 29, 2005, General Electric's Healthcare division announced it would acquire IDX for US$44 a share. The deal was valued at US$1.2 billion. The purchase was finalized January 4, 2006.

External links

* [http://www.ge.com/ General Electric's website]
** [http://www.gehealthcare.com/company/pressroom/releases/pr_release_10389.html Press release from GE finalizing acquisition of IDX]
* [http://www.idx.com/ IDX's website (just redirects to GE)]