IDX announces strong 2Q revenues, signs multiple contracts

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Fueled by domestic and international growth, IDX Systems Corp. reported strong revenues, as well as a series of signed contracts, for the second quarter of FY04.

Revenues increased to $130.4 million, compared with $98.3 million in the second quarter of FYO4. Revenues for the six-month period of FY04 climbed to $232.9 million, compared with $190.7 million in the year-ago period.

The company confirmed a number of contracts in the second quarter. New agreements for IDX Flowcast included Metropolitan Health Plan (MHP) of Hennepin County, Minn., and Drexel University Physicians, the physician's group of the Drexel University College of Medicine, Philadelphia, Pa.

IDX said its Groupcast agreements in the second quarter spanned small to mid-sized group practices including billing services, single-specialty practices and multi-site groups including Mercy Clinic, Joplin, Mo., a 79-doctor, 25-location medical group which supports St. John's Medical Center.

IDX signed an agreement to upgrade North Carolina Baptist Hospital of Winston-Salem, N.C., to the technology of IDX Carecast. The 830-bed healthcare facility is the major teaching hospital for Wake Forest University Baptist Medical Center.

In addition, IDX Imagecast agreements include long-time customer Inova Health System of Falls Church, Va., for the IDX RIS and PACS, as well as Temple University Health System of Philadelphia, Pa., which purchased IDX's PACS.