North American Partners in Anesthesia Selects IDX(R) Groupcast(R)
06 Settembre 2005 - 5:53PM
PR Newswire (US)
Nation's largest private practice anesthesia group to implement
practice management solution from IDX BURLINGTON, Vt., Sept. 6
/PRNewswire-FirstCall/ -- IDX Systems Corporation (NASDAQ:IDXC)
today announced that in the second quarter of 2005, North American
Partners in Anesthesia (NAPA) selected IDX(R) Groupcast(R) to
increase operational efficiencies and support their plans for
significant expansion. NAPA is the first member of the Anesthesia
Business Group (ABG) to avail itself of a master agreement with
IDX, announced separately today. NAPA is the nation's largest
private practice anesthesia group. Comprised of over three hundred
anesthesiologists and one hundred Certified Registered Nurse
Anesthetists, NAPA provides anesthesia services at eighteen
hospitals in Maryland, New Hampshire and New York. The practice
currently processes more than 500,000 transactions each year, and
plans to expand its clinical anesthesia practice to several
contiguous states, doubling its size in three to four years.
"Groupcast will strengthen our overall business performance while
providing the scalability we need to take our organization to the
next level," said John L. Adessa, President of NAPA Management
Services Corporation. "Anesthesia is a specialty that has demanding
and exacting standards for how procedures are tracked, billed and
reimbursed. In our extensive search for the right solution, the
comprehensive anesthesia practice functionality built into
Groupcast made it stand out. In addition, the robust reporting
capabilities inherent in Groupcast will facilitate management
decision support, enabling NAPA to grow and manage its operation."
Through the use of Groupcast's integrated Advanced EDI Management
Services, the organization will be able to increase its electronic
connectivity with payors, thus increasing overall efficiencies.
NAPA also anticipates the ability to provide its patients and
physicians with an even higher level of customer service through
the use of Groupcast's integrated document control and digital
scanning features. "Over the next twenty-four months, NAPA
anticipates a 20 - 25 percent increase in billing and collection
efficiencies through the use of Groupcast," said Mr. Adessa.
"NAPA's implementation of Groupcast will web-enable their system
and provide them with automated revenue cycle management tools
designed to expedite cashflow," said Stephen Gorman, President and
General Manager, IDX Groupcast Operating Unit. "Groupcast will
support NAPA's plans for growth, enabling them to increase
profitability while continuing to provide superior customer
service." About North American Partners in Anesthesia North
American Partners in Anesthesia, or NAPA, is the nation's largest
private practice anesthesia group. Founded in 1986, NAPA provides
anesthesia services at eighteen (18) hospitals in the states of
Maryland, New Hampshire and New York. In addition to its hospital
based program, NAPA provides anesthesia services at numerous
Ambulatory Surgical Centers and independent physician offices. NAPA
is comprised of over three hundred (300) anesthesiologists and one
hundred (100) Certified Registered Nurse Anesthetists. Through its
affiliated organizations, NAPA provides Chronic Pain Management
Services (North American Partners in Pain Management), Insurance
Products and Consultative Services (Practice Security Insurance
Company SPC, Ltd. and Practice Security Consulting Services, LLC)
and Medical Practice Management and Billing Services (NAPA
Management Services Corporation "NMSC"). NMSC provides its clients
with superior management and billing services, with results which
routinely outpace industry norms. Since its inception, NMSC has
grown from a simple back-office billing service to become an
industry leading practice management and billing organization,
providing services for NAPA and its affiliates as well as
non-affiliated clients. NAPA plans to expand its clinical
anesthesia practice to several contiguous states as well as
expanding its management and billing services to non-anesthesia
groups in the near future. 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.
Our systems are deployed to serve approximately 150,000 physicians
and are installed at over 3,400 customer sites, including more than
850 group practices and approximately 370 integrated delivery
networks servicing more than 500 hospitals. IDX also provides its
enterprise clinical software as a subcontractor to BT, Local
Service Provider for the United Kingdom National Health Service's
National Programme for Information Technology, an initiative to
establish electronic patient records for 50 million patients. 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 2,400 full-time employees. IDX and Groupcast 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 Groupcast,
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: Kate Cartwright Media Relations - IDX
802.859.6009 Franc Galinanes Director, Communications &
Insurance Services NAPA Management Services Corp. 516.945.3047
DATASOURCE: IDX Systems Corporation CONTACT: Kate Cartwright, Media
Relations of IDX, +1-802-859-6009, ; or Franc Galinanes, Director,
Communications & Insurance Services of NAPA Management Services
Corp., +1-516-945-3047 Web site: http://www.idx.com/
http://www.anesthesiabusinessgroup.com/
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