================================================================================

                                  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

                                January 10, 2001
                                (Date of Report)

                                 January 9, 2001
                        (Date of earliest event reported)


                            -------------------------

                         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)





================================================================================

                             Exhibit Index on Page 2


<PAGE>


ITEM 5.  OTHER EVENTS

             On January 9, 2001, the Company announced that Allscripts, Inc. has
completed its acquisition of Channelhealth Incorporated from the Company.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

(c)      Exhibits.
<TABLE>
<CAPTION>

EXHIBIT NO.               DESCRIPTION                                 PAGE
-----------               -----------                                 ----
<S>                       <C>                                         <C>

99                        IDX News Release dated                      4
                          January 9, 2001

</TABLE>































                                   Page 2 of 7

<PAGE>
                                   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:  January 10, 2001          By:  /S/ JOHN A. KANE
                                      __________________________________________
                                      John A. Kane
                                      Vice President, Finance and Administration
                                      Chief Financial Officer, and Treasurer






























                                   Page 3 of 7

<PAGE>
                                                                      EXHIBIT 99

FOR IMMEDIATE RELEASE


                              ALLSCRIPTS COMPLETES
                            CHANNELHEALTH ACQUISITION
                   NEW NAME REFLECTS BROADER SOLUTION OFFERING
 --------------------------------------------------------------------------

CHICAGO,  IL, AND BURLINGTON,  VT, JANUARY 9, 2001 - Allscripts,  Inc.  (NASDAQ:
MDRX) and IDX Systems Corporation (NASDAQ: IDXC) announced today that Allscripts
has completed its acquisition of  Channelhealth  Incorporated  ("ChannelHealth")
from IDX.  ChannelHealth  is a leading  provider  of clinical  and  productivity
software solutions for physicians. The transaction,  first announced on July 13,
2000,  allows for Allscripts'  acquisition of  ChannelHealth in exchange for 8.6
million  shares and a 10-year  strategic  alliance  with IDX. The alliance  will
combine talents of both organizations for the joint development and marketing of
an integrated clinical and practice management solution to 118,000 physicians in
the IDX customer base.

The   acquisition  is  expected  to  create  value  by  providing   world  class
point-of-care  solutions for physicians that improve  clinical  decision-making,
productivity, and provide additional revenue sources for IDX customers and other
physician  practices.  Allscripts  wireless  PDA  solutions  and its  innovative
FirstFill  program,  where patients have the choice of picking up the first fill
of their prescription at the physicians office or the clinic, will be offered to
the IDX customer base. The ChannelHealth acquisition will combine the full suite
of clinical  productivity  tools found in the  Clinical  Works  Modules with the
power of Allscripts hand-held applications to create TouchWorks.
Designed with physicians in mind,  TouchWorks  seamlessly  integrates technology
into the entire care process. The TouchWorks modules are accessed using handheld
or  desktop  workstation  devices  to  automate  prescribing,   charge  capture,
transcription,  lab orders and results, patient education, and structured notes;
all with a  comprehensive  tasking  tool that helps to  organize  a  physician's
practice workflow.

Effective  with  the  close  of the  transaction  and to  reflect  the  expanded
solutions now offered by the combined entity, Allscripts will change its name to
Allscripts Healthcare Solutions.

Allscripts  Healthcare  Solutions  Chairman  and Chief  Executive  Officer  Glen
Tullman  commented:  "We continue to be very excited by this acquisition and our
strategic  alliance  with  IDX.  We  gain  significant  value  with  the  proven
ChannelHealth solutions and access to more than 118,000 physicians practicing in
prestigious  organizations  nationwide.  By combining the ChannelHealth clinical
tools with our own expertise in delivering point-of-care solutions, we will



                                   Page 4 of 7

<PAGE>

greatly  enhance the breadth of our  point-of-care  solutions and accelerate the
distribution of our products to IDX physician practice management customers.  We
will  also add a  talented  group of  people  who will  help us  accelerate  the
development of physician focused solutions."

"We  are  seeing   strong  market  and  customer   demand  for  the   integrated
point-of-care tools and practice management  systems," said Rich Tarrant,  chief
executive  officer of IDX and newly  appointed  vice-chairman  of the Allscripts
Board of Directors.  "We look forward to the future success of this alliance and
to working closely with Allscripts to provide this valuable  integrated offering
to our customer base of premier healthcare institutions."

ABOUT ALLSCRIPTS HEALTHCARE SOLUTIONS

Allscripts  Healthcare  Solutions  is  the  leading  provider  of  point-of-care
decision support solutions for physicians. Designed with physicians in mind, the
Allscripts  TouchWorks solution seamlessly integrates technology into the entire
care process.  The  TouchWorks  modules are accessed  using  handheld or desktop
workstation devices to automate prescribing, charge capture, transcription,  lab
orders  and  results,  patient  education,  and  structured  notes;  all  with a
comprehensive  tasking  tool  that  helps to  organize  a  physician's  practice
workflow.  We also offer many of our physicians and their patients access to our
FirstFill  program,  which  provides  patients with the first dosage of the most
commonly prescribed medications from the physician's office. TouchWorks software
and  applications  run on Microsoft  PocketPC and Windows CE operating  systems.
Allscripts Healthcare Solutions provides its applications on the Compaq iPAQ and
the  Hewlett-Packard  Jornada  hand-held  wireless  hardware.  The Company  also
provides a number of patient compliance and physician education services such as
its  e-Detailing(TM)  products from its Physicians  Interactive unit, as well as
e-commerce   applications.   Allscripts'  MasterChart  unit  markets  innovative
hand-held  digital  dictation  solutions for physicians.  Allscripts also allows
physicians  to access and prescribe  patient care plans,  directly in the office
and over the Internet,  through its Medifor unit. Strategic partners include IMS
Health,   the  world's  leading   supplier  of  information   solutions  to  the
pharmaceutical and healthcare industries,  Express Scripts, the nation's largest
independent  full-service  pharmacy  benefit  manager,  and Dendrite,  a leading
global provider of highly specialized,  integrated product and service offerings
for the  pharmaceutical  industry.  Allscripts is  headquartered in Illinois and
provides services to over 13,500 physicians at 3,500 sites across the U.S.

VISIT  ALLSCRIPTS  ON  THE  WEB  AT  ALLSCRIPTS.COM.   Allscripts,   TouchWorks,
TouchWorks Professional,  TouchWorks Enterprise,  FirstFill, Personal Prescriber
and 3Touch are trademarks of Allscripts Healthcare Solutions.

This   announcement   contains   forward-looking   statements  about  Allscripts
Healthcare Solutions that involve risks and uncertainties. These forward-looking
statements  are  developed by combining  currently  available  information  with
Allscripts'  beliefs and assumptions.  These statements often contain words like
will, believe, expect, anticipate,  intend, contemplate, seek, plan, estimate or
similar expressions. Forward-looking statements do not guarantee future


                                   Page 5 of 7

<PAGE>

performance.  These  statements are made under the  protection  afforded them by
Section 21E of the Securities  Exchange Act of 1934.  Because  Allscripts cannot
predict  all of the risks and  uncertainties  that may affect it, or control the
ones it does predict, Allscripts actual results may be materially different from
the results  expressed in its  forward-looking  statements.  For a more complete
discussion  of  the  risks,   uncertainties  and  assumptions  that  may  affect
Allscripts,  see the Company's 1999 Annual Report on Form 10-K and  registration
statement  and proxy  statement to be filed in  connection  with the merger with
ChannelHealth.  Such documents can be obtained through the website maintained by
the Securities and Exchange Commission at www.sec.gov.

ABOUT IDX

Founded  in  1969,  IDX  Systems   Corporation   provides  complete   healthcare
information   solutions  for  physician  group  practices,   management  service
organizations,  academic  medical  centers,  and  integrated  delivery  networks
(IDNs).  To  connect  systems  and sites  across  the  enterprise,  IDX offers a
comprehensive  set of products and  services  designed to align  physicians  and
hospitals,  streamline  patient flow,  enhance  quality,  and reduce costs.  IDX
products  are used by, or are under  contract to be used by,  more than  125,000
physicians and are installed at over 2,065 client sites. This includes more than
265 large physician group practices with more than 75 physicians,  more than 510
physician  practices  with 75 or  fewer  physicians,  and  more  than  280  IDNs
representing  over 370 hospitals.  EDiX Corporation,  an IDX subsidiary,  offers
Internet-based medical transcription and clinical documentation services to over
130 physician group and hospital customers.

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 deferral, delay
or cancellation by customers of computer  system  purchase  decisions,  possible
adverse change in the business or stock price of Allscripts, Inc., the inability
of IDX to realize  benefits from its alliance with  Allscripts,  Inc.,  possible
delay of systems  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  the  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.








                                   Page 6 of 7

<PAGE>

Allscripts Contact                          IDX Systems Contact
Ken Shore                                   Margo Happer
Vice President - Marketing                  Director - Investor Relations
(847) 680-3515, ext. 200                    (802) 864-1758, ext. 6169
e-mail: info@allscripts.com                 e-mail: margo_happer@idx.com


ChannelHealth Contact
Tracey Moran
Director--Communications
(802) 863-5525, ext. 4272
e-mail: tracey_moran@channelhealth.com


































                                   Page 7 of 7
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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

                                January 10, 2001
                                (Date of Report)

                                 January 9, 2001
                        (Date of earliest event reported)

                            -------------------------

                         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)

================================================================================

                             Exhibit Index on Page 2
ITEM 5.  OTHER EVENTS

             On January 9, 2001, the Company announced that Allscripts, Inc. has
completed its acquisition of Channelhealth Incorporated from the Company.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

(c)      Exhibits.
EXHIBIT NO.               DESCRIPTION                                 PAGE
-----------               -----------                                 ----
99                        IDX News Release dated                      4
                          January 9, 2001
Page 2 of 7
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:  January 10, 2001          By:  /S/ JOHN A. KANE
                                      __________________________________________
                                      John A. Kane
                                      Vice President, Finance and Administration
                                      Chief Financial Officer, and Treasurer

                                   Page 3 of 7
EXHIBIT 99

FOR IMMEDIATE RELEASE

                              ALLSCRIPTS COMPLETES
                            CHANNELHEALTH ACQUISITION
                   NEW NAME REFLECTS BROADER SOLUTION OFFERING
 --------------------------------------------------------------------------

CHICAGO,  IL, AND BURLINGTON,  VT, JANUARY 9, 2001 - Allscripts,  Inc.  (NASDAQ:
MDRX) and IDX Systems Corporation (NASDAQ: IDXC) announced today that Allscripts
has completed its acquisition of  Channelhealth  Incorporated  ("ChannelHealth")
from IDX.  ChannelHealth  is a leading  provider  of clinical  and  productivity
software solutions for physicians. The transaction,  first announced on July 13,
2000,  allows for Allscripts'  acquisition of  ChannelHealth in exchange for 8.6
million  shares and a 10-year  strategic  alliance  with IDX. The alliance  will
combine talents of both organizations for the joint development and marketing of
an integrated clinical and practice management solution to 118,000 physicians in
the IDX customer base.

The   acquisition  is  expected  to  create  value  by  providing   world  class
point-of-care  solutions for physicians that improve  clinical  decision-making,
productivity, and provide additional revenue sources for IDX customers and other
physician  practices.  Allscripts  wireless  PDA  solutions  and its  innovative
FirstFill  program,  where patients have the choice of picking up the first fill
of their prescription at the physicians office or the clinic, will be offered to
the IDX customer base. The ChannelHealth acquisition will combine the full suite
of clinical  productivity  tools found in the  Clinical  Works  Modules with the
power of Allscripts hand-held applications to create TouchWorks.
Designed with physicians in mind,  TouchWorks  seamlessly  integrates technology
into the entire care process. The TouchWorks modules are accessed using handheld
or  desktop  workstation  devices  to  automate  prescribing,   charge  capture,
transcription,  lab orders and results, patient education, and structured notes;
all with a  comprehensive  tasking  tool that helps to  organize  a  physician's
practice workflow.

Effective  with  the  close  of the  transaction  and to  reflect  the  expanded
solutions now offered by the combined entity, Allscripts will change its name to
Allscripts Healthcare Solutions.

Allscripts  Healthcare  Solutions  Chairman  and Chief  Executive  Officer  Glen
Tullman  commented:  "We continue to be very excited by this acquisition and our
strategic  alliance  with  IDX.  We  gain  significant  value  with  the  proven
ChannelHealth solutions and access to more than 118,000 physicians practicing in
prestigious  organizations  nationwide.  By combining the ChannelHealth clinical
tools with our own expertise in delivering point-of-care solutions, we will

                                   Page 4 of 7
greatly  enhance the breadth of our  point-of-care  solutions and accelerate the
distribution of our products to IDX physician practice management customers.  We
will  also add a  talented  group of  people  who will  help us  accelerate  the
development of physician focused solutions."

"We  are  seeing   strong  market  and  customer   demand  for  the   integrated
point-of-care tools and practice management  systems," said Rich Tarrant,  chief
executive  officer of IDX and newly  appointed  vice-chairman  of the Allscripts
Board of Directors.  "We look forward to the future success of this alliance and
to working closely with Allscripts to provide this valuable  integrated offering
to our customer base of premier healthcare institutions."

ABOUT ALLSCRIPTS HEALTHCARE SOLUTIONS

Allscripts  Healthcare  Solutions  is  the  leading  provider  of  point-of-care
decision support solutions for physicians. Designed with physicians in mind, the
Allscripts  TouchWorks solution seamlessly integrates technology into the entire
care process.  The  TouchWorks  modules are accessed  using  handheld or desktop
workstation devices to automate prescribing, charge capture, transcription,  lab
orders  and  results,  patient  education,  and  structured  notes;  all  with a
comprehensive  tasking  tool  that  helps to  organize  a  physician's  practice
workflow.  We also offer many of our physicians and their patients access to our
FirstFill  program,  which  provides  patients with the first dosage of the most
commonly prescribed medications from the physician's office. TouchWorks software
and  applications  run on Microsoft  PocketPC and Windows CE operating  systems.
Allscripts Healthcare Solutions provides its applications on the Compaq iPAQ and
the  Hewlett-Packard  Jornada  hand-held  wireless  hardware.  The Company  also
provides a number of patient compliance and physician education services such as
its  e-Detailing(TM)  products from its Physicians  Interactive unit, as well as
e-commerce   applications.   Allscripts'  MasterChart  unit  markets  innovative
hand-held  digital  dictation  solutions for physicians.  Allscripts also allows
physicians  to access and prescribe  patient care plans,  directly in the office
and over the Internet,  through its Medifor unit. Strategic partners include IMS
Health,   the  world's  leading   supplier  of  information   solutions  to  the
pharmaceutical and healthcare industries,  Express Scripts, the nation's largest
independent  full-service  pharmacy  benefit  manager,  and Dendrite,  a leading
global provider of highly specialized,  integrated product and service offerings
for the  pharmaceutical  industry.  Allscripts is  headquartered in Illinois and
provides services to over 13,500 physicians at 3,500 sites across the U.S.

VISIT  ALLSCRIPTS  ON  THE  WEB  AT  ALLSCRIPTS.COM.   Allscripts,   TouchWorks,
TouchWorks Professional,  TouchWorks Enterprise,  FirstFill, Personal Prescriber
and 3Touch are trademarks of Allscripts Healthcare Solutions.

This   announcement   contains   forward-looking   statements  about  Allscripts
Healthcare Solutions that involve risks and uncertainties. These forward-looking
statements  are  developed by combining  currently  available  information  with
Allscripts'  beliefs and assumptions.  These statements often contain words like
will, believe, expect, anticipate,  intend, contemplate, seek, plan, estimate or
similar expressions. Forward-looking statements do not guarantee future

                                   Page 5 of 7
performance.  These  statements are made under the  protection  afforded them by
Section 21E of the Securities  Exchange Act of 1934.  Because  Allscripts cannot
predict  all of the risks and  uncertainties  that may affect it, or control the
ones it does predict, Allscripts actual results may be materially different from
the results  expressed in its  forward-looking  statements.  For a more complete
discussion  of  the  risks,   uncertainties  and  assumptions  that  may  affect
Allscripts,  see the Company's 1999 Annual Report on Form 10-K and  registration
statement  and proxy  statement to be filed in  connection  with the merger with
ChannelHealth.  Such documents can be obtained through the website maintained by
the Securities and Exchange Commission at www.sec.gov.

ABOUT IDX

Founded  in  1969,  IDX  Systems   Corporation   provides  complete   healthcare
information   solutions  for  physician  group  practices,   management  service
organizations,  academic  medical  centers,  and  integrated  delivery  networks
(IDNs).  To  connect  systems  and sites  across  the  enterprise,  IDX offers a
comprehensive  set of products and  services  designed to align  physicians  and
hospitals,  streamline  patient flow,  enhance  quality,  and reduce costs.  IDX
products  are used by, or are under  contract to be used by,  more than  125,000
physicians and are installed at over 2,065 client sites. This includes more than
265 large physician group practices with more than 75 physicians,  more than 510
physician  practices  with 75 or  fewer  physicians,  and  more  than  280  IDNs
representing  over 370 hospitals.  EDiX Corporation,  an IDX subsidiary,  offers
Internet-based medical transcription and clinical documentation services to over
130 physician group and hospital customers.

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 deferral, delay
or cancellation by customers of computer  system  purchase  decisions,  possible
adverse change in the business or stock price of Allscripts, Inc., the inability
of IDX to realize  benefits from its alliance with  Allscripts,  Inc.,  possible
delay of systems  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  the  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.

                                   Page 6 of 7
Allscripts Contact                          IDX Systems Contact
Ken Shore                                   Margo Happer
Vice President - Marketing                  Director - Investor Relations
(847) 680-3515, ext. 200                    (802) 864-1758, ext. 6169
e-mail: info@allscripts.com                 e-mail: margo_happer@idx.com

ChannelHealth Contact
Tracey Moran
Director--Communications
(802) 863-5525, ext. 4272
e-mail: tracey_moran@channelhealth.com

                                   Page 7 of 7