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IDX Systems history
IDX Systems company history timeline
Robert Hoehl and Richard E. Tarrant founded IDX on June 2, 1969 in Burlington, Vermont.
Formed in 1974 by Paul Egerman and Terry Ragon, Interpretive Data Systems developed medical software that operated on Digital Equipment Corporation (DEC) mini-computers.
In 1978, an important development occurred when BDP merged with Interpretive Data Systems, a Boston firm with similar capabilities.
Initial Growth and Expansion: 1980-94
In 1980, IDS rolled out an interfacing standard for labs and pharmacies called HL7. It also was in 1981 that IDS moved into new headquarters in Burlington, Vermont, at 1500 Shelburne Road.
The company installed its first hospital information system in 1984.
In 1991 the company began marketing a radiology information system called IDXrad.
In 1992, IDX Corporation changed its name to IDX Systems Corporation.
The purchase enabled IDX to move some 200 workers from Brookline, Massachusetts, to the new location in 1995.
Doctor Henry Tufo, who had been among the company's first clients some 25 years before, was named chief operating officer in 1995.
Revenues reached $321.7 million in 1998, about 15 percent of which was devoted to research and development initiatives.
Two acquisitions were made in 1999.
In 2000, the company withstood a $36 million loss on revenues of $341.9 million and cut roughly 250 jobs.
In its issue for June 7, 2001, Market News Publishing said the proposed system would be "an integrated solution for image and information management, without redundancy of data or function.
IDX also restructured in 2001, putting less emphasis on its Enterprise Solutions Division, which had accounted for some 40 percent of revenues in 2001.
2003: President and Chief Operating Officer James Crook, Jr., is named CEO; net income skyrockets to $58 million on sales of $399.2 million.
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IDX Systems competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| NextGen Healthcare | 1994 | $540.2M | 2,900 | 2 |
| Sunquest Information Systems | 1979 | $300.0M | 500 | - |
| Digimarc | 1995 | $38.4M | 295 | 5 |
| Epic Systems | 1979 | $2.9B | 10,000 | - |
| InterSystems | 1978 | $644.0M | 1,780 | 25 |
| Intuit | 1983 | $16.3B | 10,600 | 1,194 |
| MicroStrategy | 1989 | $496.3M | 2,528 | 54 |
| Imperva | 2002 | $321.7M | 1,001 | - |
| Paychex | 1971 | $5.3B | 14,300 | 13 |
| Upserve | 2009 | $4.2M | 100 | 5 |
IDX Systems history FAQs
Zippia gives an in-depth look into the details of IDX Systems, including salaries, political affiliations, employee data, and more, in order to inform job seekers about IDX Systems. The employee data is based on information from people who have self-reported their past or current employments at IDX Systems. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by IDX Systems. The data presented on this page does not represent the view of IDX Systems and its employees or that of Zippia.
IDX Systems may also be known as or be related to IDX Systems and IDX Systems Corporation.