IATRIX

Industry Problem

Hospitals are faced with declining admissions and reimbursements, coupled with significantly delayed payments from insurance companies resulting in:

• Hospital's exhausting their lines of credit

• Inability to meet payroll demands

• C-Suite unable to focus on quality of care and growth due to a preoccupation with cash flow issues

• Possible bankruptcy or closure​​

Furthermore, accounts receivable are unpredictable and impossible for banks to value.  Therefore, banks view hospitals and receivables as high risk and are reluctant to offer the affordable help needed to keep hospitals operational. IATRIX can eliminate these financial challenges and risks and provide new and beneficial opportunities that have previously been unavailable.

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The IATRIX algorithm predicts the number of days in collection and net revenue with 95% certainty.  As a result, banks and lenders no longer have to approximate the amount to advance hospitals against their submitted claims.

With the predictive algorithm in place, we can engage with lenders that offer low interest, 48 hour advances of up to 90% of the hospital's net revenue. Both banks/lenders and providers can now confidently move forward with no risk!  The end result is hospitals receiving a constant stream of advanced funds in order to stay comfortably operational.

IATRIX Program Advantages

With IATRIX, hospitals and medical entities will no Longer be subject to:

• Slow-pay behavior

• Poor contract compliance

• Denied claims

• Diminished "clean claim" rate

• "Down" coding

• Inappropriate CCI edits

• Adjuster inaccessibility

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By eliminating the aforementioned challenges, IATRIX will help hospitals experience:

• Prediction of timing and amount of claim reimbursement and cash advancements against claims by IATRIX funding sources

• Days cash on hand tripled

• Extra capital available for immediate and long-term needs

• No C-Suite distractions due to cash flow deficits

• Stabilization of holiday cash flow

• No up-front costs, investments, training or facility changes of any kind to implement the program

• A supplement or complete elimination of the hospital's line of credit with our low rates and costs

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