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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>UNITED STATES
<BR>SECURITIES AND EXCHANGE
COMMISSION
<BR>
WASHINGTON, D.C. 20549</B> </FONT></P>

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     <P ALIGN=CENTER><B>_________________</B> </P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>FORM 8-K</B> </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>CURRENT REPORT

<BR>
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934</B> </FONT></P>

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<P ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Date
of Report (Date of earliest event reported): &nbsp;&nbsp;May 24, 2005</B> </FONT></P>

<BR><P ALIGN="Center"><B>IDX SYSTEMS CORPORATION</B></P>

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     <P ALIGN=CENTER><B>_________________</B> </P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>(Exact Name of
Registrant as Specified in Charter)</B> </FONT></P>



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  <TR ALIGN="center" VALIGN=top>
    <TD WIDTH=30%><FONT SIZE=2>Vermont<br>
      </FONT>
      <hr noshade size="1">
      <FONT SIZE=2>(State or other juris- <br>
      diction of incorporation </FONT></TD>
    <TD WIDTH=30%><FONT SIZE=2>0-26816 <br>
      </FONT>
      <hr noshade size="1">
      <FONT SIZE=2>(Commission <br>
      File Number) &nbsp;</FONT></TD>
    <TD WIDTH=30%><FONT SIZE=2>03-0222230<br>
      </FONT>
      <hr noshade size="1">
      <FONT SIZE=2>(IRS Employer <br>
      Identification No.) &nbsp;</FONT></TD>
  </TR>
</TABLE>


<br>
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  <TR ALIGN="center" VALIGN=top>
    <TD WIDTH=30%><FONT SIZE=2>40 IDX Drive, South Burlington, VT <BR>
      </FONT>
      <hr noshade size="1">
      <FONT SIZE=2>(Address of principal executive offices) </FONT></TD>
    <TD WIDTH=30%><FONT SIZE=2>&nbsp;05403 <br>
      </FONT>
      <hr noshade size="1">
      <FONT SIZE=2>(Zip Code) </FONT></TD>
  </TR>
</TABLE>


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<P ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Registrant&#146;s
telephone number, including area code: 802-862-1022</B> </FONT></P>



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<P ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>(Former Name or Former Address, if Changed Since Last Report)</B></FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (<I>see</I>
General Instruction A.2. below): </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
|_|      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
|_|      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
|_|      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
|_|      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>


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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 1.01. Entry into a
Material Definitive Agreement </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On May 24, 2005, the stockholders of
IDX Systems Corporation (&#147;IDX&#148; or the &#147;Company&#148;) approved the
Company&#146;s 2005 Stock Incentive Plan (the &#147;2005 Plan&#148;). The 2005 Plan is
intended to replace the Company&#146;s 1995 Stock Option Plan (the &#147;1995 Plan&#148;),
which expires in September 2005. The 2005 Plan allows the Company to grant incentive stock
options, stock appreciation rights, non-statutory stock options, restricted stock awards
and other stock based awards to employees, officers, directors, consultants and advisors
of the Company. Awards may be made under the plan for the number of shares that is equal
to 1,020,316 shares of common stock plus the number of shares remaining in the 1995 Plan
upon its expiration. The 2005 Plan, attached as Appendix B to the Company&#146;s Schedule
14A (Definitive Proxy Statement) filed on April 21, 2005 is filed as Exhibit 99.1 hereto
and is incorporated by reference herein. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On May 24, 2005, the stockholders of
IDX also approved an amendment to the Company&#146;s 1995 Employee Stock Purchase Plan
(&#147;ESPP&#148;) to increase the number of shares available thereunder from 2,100,000 to
2,600,000 and to authorize the Board of Directors to determine the purchase price of
shares purchased under the ESPP (provided that the purchase price will be at least 85% of
the closing price of the common stock on the date on which the purchase price is
determined.) The amendment to the ESPP, attached as Appendix C the Company&#146;s Schedule
14A (Definitive Proxy Statement) filed on April 21, 2005, is filed as Exhibit 99.2 hereto
and is incorporated by reference herein. </FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 9.01. Financial
Statements and Exhibits </FONT></H1>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c) Exhibits </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>See Exhibit Index
attached hereto. </FONT></P>



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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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. </FONT></P>



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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
  <TR VALIGN=TOP>
    <TD WIDTH=34%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; Date:
      &nbsp;&nbsp;May 25, 2005 </FONT></TD>
    <TD WIDTH=21%>&nbsp;</TD>
    <TD colspan="2"><FONT FACE="Times New Roman, Times, Serif" SIZE=2> </FONT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
      IDX SYSTEMS CORPORATION<br>
      </FONT></TD>
  </TR>
  <TR VALIGN=TOP>
    <TD WIDTH=34%>&nbsp;</TD>
    <TD WIDTH=21%>&nbsp;</TD>
    <TD width="4%"><font face="Times New Roman, Times, Serif" size=2>By:</font></TD>
    <TD WIDTH=41%><font face="Times New Roman, Times, Serif" size=2> /s/ John
      A. Kane<br>
      </font>
      <hr noshade size="1">
      <font face="Times New Roman, Times, Serif" size=2>John A. Kane<br>
      Senior Vice President, Finance and <br>
      Administration, Chief Financial <br>
      Officer and Treasurer </font></TD>
  </TR>
</TABLE>



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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT INDEX </FONT></P>












<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TH ALIGN="Left"><FONT FACE="Times New Roman" SIZE="2"><U>Exhibit No.</U>
</FONT></TH>
     <TH ALIGN="Left"><FONT FACE="Times New Roman" SIZE="2"><U>Description</U>
</FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="30%"><FONT FACE="Times New Roman" SIZE="2"><BR>99.1
</FONT></TD>
     <TD WIDTH="70%"><FONT FACE="Times New Roman" SIZE="2"><BR>
IDX Systems Corporation 2005 Stock Incentive Plan.  (a)<BR>

</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD WIDTH="30%"><FONT FACE="Times New Roman" SIZE="2"><BR>99.2
</FONT></TD>
     <TD WIDTH="70%"><FONT FACE="Times New Roman" SIZE="2"><BR>
IDX Systems Corporation 1995 Employee Stock Purchase Plan.  (a)
</FONT></TD></TR>

</TABLE>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
(a)  Incorporated herein by reference to the Company's Proxy Statement for the
2005 Annual Meeting of Stockholders <BR>on Schedule 14A, as filed with the
Securities and Exchange Commission on April 21, 2005.</FONT></P>

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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
Date
of Report (Date of earliest event reported):   May 24, 2005
IDX SYSTEMS CORPORATION
_________________
(Exact Name of
Registrant as Specified in Charter)
Vermont
(State or other juris-
diction of incorporation
0-26816
(Commission
File Number)
03-0222230
(IRS Employer
Identification No.)
40 IDX Drive, South Burlington, VT
(Address of principal executive offices)
05403
(Zip Code)
Registrant's
telephone number, including area code: 802-862-1022
(Former Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (
see
General Instruction A.2. below):
|_|      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|_|      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|_|      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|_|      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a
Material Definitive Agreement
On May 24, 2005, the stockholders of
IDX Systems Corporation ("IDX" or the "Company") approved the
Company's 2005 Stock Incentive Plan (the "2005 Plan"). The 2005 Plan is
intended to replace the Company's 1995 Stock Option Plan (the "1995 Plan"),
which expires in September 2005. The 2005 Plan allows the Company to grant incentive stock
options, stock appreciation rights, non-statutory stock options, restricted stock awards
and other stock based awards to employees, officers, directors, consultants and advisors
of the Company. Awards may be made under the plan for the number of shares that is equal
to 1,020,316 shares of common stock plus the number of shares remaining in the 1995 Plan
upon its expiration. The 2005 Plan, attached as Appendix B to the Company's Schedule
14A (Definitive Proxy Statement) filed on April 21, 2005 is filed as Exhibit 99.1 hereto
and is incorporated by reference herein.
On May 24, 2005, the stockholders of
IDX also approved an amendment to the Company's 1995 Employee Stock Purchase Plan
("ESPP") to increase the number of shares available thereunder from 2,100,000 to
2,600,000 and to authorize the Board of Directors to determine the purchase price of
shares purchased under the ESPP (provided that the purchase price will be at least 85% of
the closing price of the common stock on the date on which the purchase price is
determined.) The amendment to the ESPP, attached as Appendix C the Company's Schedule
14A (Definitive Proxy Statement) filed on April 21, 2005, is filed as Exhibit 99.2 hereto
and is incorporated by reference herein.
Item 9.01. Financial
Statements and Exhibits
(c) Exhibits
See Exhibit Index
attached hereto.
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.
Date:
        May 25, 2005
IDX SYSTEMS CORPORATION
By:
/s/ John
      A. Kane
John A. Kane
Senior Vice President, Finance and
Administration, Chief Financial
Officer and Treasurer
EXHIBIT INDEX
Exhibit No.
Description
99.1
IDX Systems Corporation 2005 Stock Incentive Plan.  (a)
99.2
IDX Systems Corporation 1995 Employee Stock Purchase Plan.  (a)
(a)  Incorporated herein by reference to the Company's Proxy Statement for the
2005 Annual Meeting of Stockholders
on Schedule 14A, as filed with the
Securities and Exchange Commission on April 21, 2005.