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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934
November 16, 2000
(Date of Report)
November 16, 2000
(Date of earliest event reported)
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Commission File Number 0-26816
IDX SYSTEMS CORPORATION
(Exact name of registrant as specified in its charter)
Vermont 03-0222230
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1400 Shelburne Road
South Burlington, VT 05403
(Address of principal executive offices)
Registrant's telephone number, including area code: (802-862-1022)
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Exhibit Index on Page 2
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ITEM 5. OTHER EVENTS
On November 16, 2000, the Company announced the signing of an
agreement with Stentor, Inc. to develop and market an integrated medical image
and information management system.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
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EXHIBIT NO. DESCRIPTION PAGE
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99 IDX News Release dated 4
November 16, 2000
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
IDX SYSTEMS CORPORATION
(Registrant)
Date: November 16, 2000 /s/ JOHN A. KANE
By: ___________________________________
John A. Kane
Vice President, Finance and Administration
Chief Financial Officer, and Treasurer
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FOR IMMEDIATE RELEASE
IDX Systems Corporation and Stentor, Inc.
Join Forces to Develop a Fully Integrated
Medical Image and Information Management System
New Product Expected to Significantly Lower Costs while Improving Patient Care
Opportunity to Redefine Paradigm of Medical Image and Information Management
Systems
BURLINGTON, VT and So. San Francisco, CA (November 16, 2000)- IDX Systems
Corporation (Nasdaq: IDXC) a leading full-service provider of healthcare
information technology solutions and radiology information systems, and Stentor,
Inc., a leader in enterprise-wide medical image distribution, announced an
agreement today to develop a fully integrated medical image and information
management system.
Under the agreement, the IDX Imaging Suite and ConnectR products will be
embedded with Stentor's iSite system. The expected result is a combined medical
image and information management offering, delivered as an Application Service
Provider (ASP) model, that will dramatically improve the accessibility and
timeliness of radiology imaging studies while significantly reducing the high
capital expenditures associated with traditional Picture and Archive
Communications Systems (PACS). Under the agreement, both IDX and Stentor will be
authorized to sell the combined image and information management offering.
The IDX Imaging Suite is an advanced information system that integrates patient
and clinical information with third-party modality and archiving functions.
Stentor's iSite enables image delivery at the "speed of human perception,
"instantly matching imaging data access to the user's need. It also transfers
digital, real-time, diagnostic-quality images to standard PCs across the
enterprise, eliminating the need for institutions to heavily invest in
capital-intensive image management equipment and infrastructure.
The IDX-Stentor offering is based on advanced workflow technologies, shared
web-based architectures, real-time access to full-fidelity digital medical
images, and encompasses a patient-centric approach to the diagnostic process.
When complete, it will be an integrated solution for image and information
management, without redundancy of data or function. The resulting solution is an
entirely web-based system covering most aspects of the radiology enterprise-
from registration and scheduling through the patient scanning process to
diagnostic interpretation and reporting, onto archive storage and image/report
distribution to referring physicians. In
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addition, ConnectR provides the ability to rapidly connect to any third party
Radiology Information System (RIS) or Hospital Information System (HIS) via a
variety of communication protocols. "The IDX Imaging Suite is a recognized
market leader for RIS-PACS integration. We are proud to partner with Stentor in
this new venture, an important next step in the evolution or our services," said
Richard E. Tarrant, Chief Executive Officer of IDX. "This alliance brings
together our respective expertise to deliver on a shared vision for seamless
enterprise image and information management, enabling us to offer 'one-stop
shopping' to our customers."
Oran Muduroglu, President and CEO of Stentor, sees this alliance as a natural
complement of the talent, skills, and technology between both companies. "For
the first time, radiologists and referring physicians will have access to their
patient's entire radiology history on one integrated platform. We believe our
collaboration with IDX will greatly improve radiology efficiency and ultimately
result in improved patient healthcare at a lower cost. This integration also
serves as a catalyst for the development of next generation iSite products that
target diagnostic reading and storage."
The product offering will be debuted at the upcoming Radiological Society of
North America (RSNA) tradeshow in Chicago, November 26 - December 1, 2000.
About IDX Systems Corporation
Founded in 1969, IDX Systems Corporation uses information technology 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, functionally rich, and highly
integrated products installed at 2,065 client sites. Clients span the full care
continuum including academic hospitals and medical centers, integrated delivery
networks, and physician group practices in North America. Customers include
118,000 physicians who utilize practice management systems to improve patient
care and other workflow processes. 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. EDiX Corporation, an IDX subsidiary,
offers Internet-based medical transcription and clinical documentation services
to physicians groups and hospital customers.
IDX, IDXrad, IDX Imaging Suite, and ConnectR are trademarks of IDX Systems
Corporation.
IDX Systems Corporation Contact Information:
Brendan Kinney, Senior Marketing Specialist
(802) 864-1758 ext. 6261 (voice)
(802) 862-9591 (fax)
[email protected] (e-mail)
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About Stentor, Inc.
Stentor, Inc., a Silicon Valley-based medical informatics company, is a world
leader in enterprise-wide medical image distribution. Through the company's
patent-pending iSyntax technology, Stentor has created iSite, the first viable
option for dynamic transfer of diagnostic quality images to all standard PCs
with an information system driven workflow.
Stentor has raised over $25 million in venture capital and is backed by leading
companies with an impressive track record of innovation and success in the
medical field including EMC Corporation, Sanderling Biomedical Venture Capital,
Caduceus Capital, UPMC Health System and Gilo Ventures.
Stentor is an ISO 9001 and EN46001 certified facility and received 510 k
clearance to market its products and services from the FDA in October of 1999.
iSite, the company's image and management solution, is installed at over 30
sites including 10 of North America's leading hospitals.
Stentor, iSite, and iSyntax are trademarks of Stentor, Inc.
Stentor Contact Information:
Mark Reis, Marketing Communication Manager
(650) 228-1539 (voice)
(650) 866-4197 (fax)
[email protected] (e-mail)
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 POSSIBLE DIFFICULTIES AND
DELAYS IN THE DEVELOPMENT AND SALE OF THE PLANNED INTEGRATED MEDICAL IMAGE AND
INFORMATION MANAGEMENT SYSTEM TO BE DEVELOPED WITH STENTOR, DELAYS IN
STOCKHOLDER OR REGULATORY APPROVAL OF IDX'S PENDING TRANSACTION WITH ALLSCRIPTS,
INC., DIFFICULTIES IN IMPLEMENTING SYSTEMS, POSSIBLE DEFERRAL, DELAY OR
CANCELLATION BY CUSTOMERS OF COMPUTER SYSTEM PURCHASE DECISIONS, POSSIBLE DELAY
OF SYSTEM INSTALLATIONS, DEVELOPMENT BY COMPETITORS OF NEW OR SUPERIOR
TECHNOLOGIES, CHANGING ECONOMIC, POLITICAL AND REGULATORY INFLUENCES ON THE
HEALTHCARE AND INTERNET INDUSTRIES, CHANGES IN PRODUCT PRICING POLICIES, GENERAL
ECONOMIC CONDITIONS AND REGULATORY DEVELOPMENTS IN THE HEALTHCARE INDUSTRY, 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.
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