AVOID FUTURE MONEY WOES FROM COVID-19

 

Federal CARES Act Relief Funds came at a critical juncture for hospitals.  Now, as society is opening, lagging reimbursements will precipitate a fiscal "Second Wave" for healthcare facilities.  Prepare and Avoid with Cash Flow Acceleration on a continuing basis, available now with IATRIX.  

IATRIX Reimbursement on Submitted Claims in only 48 Hours ​

IATRICOMP Big Data Science for up to 7% increase in net revenue!

  • Free Evaluation and No Up-Front Cost

  • No Assignments, Guarantees or Collateral

  • Business Office Productivity Assistance

  • Cost Less Than Credit Card Transactions

  • Applicable to Any Healthcare Entity Engaged with Commercial or Government Payers

                 

About Us

Our team has over 35 years experience working with hospitals. We understand the significant struggles hospitals and medical entities face regarding delayed payment on claims and diminished days cash on hand.  These fiscal challenges weigh heavily on hospital executives which divert their attention away from operational and growth strategies.  IATRIX has a unique solution that  will alleviate these financial concerns and allow C-Suite teams to focus on their established goals, rather than time-consuming, monetary challenges.  IATRICOMP BIG DATA SCIENCE can increase net revenue up to 7% through automation and artificial intelligence management of denials, inappropriate CCI edits, coding and contract compliance monitoring to augment your Revenue Cycle Management and increase business office productivity.

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IATRIX

Cash Flow Acceleration

& Big Data Science

Your Prescription For Fiscal Health

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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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IATRIX: 

The Solution For You And Your Facility

 

The IATRIX algorithm predicts the number of days in collection and net revenue with 95% certainty using Big Data Science from IATRICOMP.  As a result, our fiscal sources know precisely the amount to advance healthcare entities for their submitted claims.

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With the predictive algorithm in place, we can engage and provide low cost, 48 hour advances of up to 95% of the hospital's net revenue.  Confidently move forward with no risk, collateral or liens!  The end result is hospitals and healthcare entities receiving a constant predictable stream of advanced funds, improving days cash on hand dramatically.

IATRIX & IATRICOMP Program Advantages

With the full IATRIX/IATRICOMP suite,hospitals and medical entities will no Longer be subject to:

  • Slow-pay behavior

  • Poor contract compliance

  • Denied claims

  • Timely Appeal Transgressions

  • Diminished "clean claim" rate

  • "Down" coding

  • Inappropriate CCI edits

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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 substantial increase, up to three times greater

  • 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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Meet Our Founder/CEO

 
 
 

William O. Reed, MD, MBA

Dr. Reed, a Midwest native, graduated from the University of Rochester in New York with degrees in both Chemistry and Biology. He joined the graduate program in Anatomy at Washington University Medical School where he taught medical students while pursuing advanced studies. He was accepted into medical school with advanced standing, graduating from the University of Missouri School of Medicine-Columbia where he remained for two years of General Surgery Residency.  Dr. Reed joined the Orthopedic Surgery Department of prestigious Duke University where he completed his Chief Residency. Ever since, he has practiced in the Kansas City Metro focusing upon spine and upper extremity care. A champion and teacher of surgical and facility innovations to better patient care, he has built hospitals, spine surgery programs and completed an MBA from the Olin School of Business of Washington University. A national leader in minimally invasive techniques and spine arthroplasty (artificial disc replacements), he continues to instruct and research in the realm of advancing care for disabling spinal conditions.  Additionally, Dr. Reed has practiced as a Physician-Executive and has focused his energy on exploring financial solutions and programs that assist various types of hospitals and medical entities.

We Look Forward To Working With You

Kansas City, KS, USA

913-226-5559

 

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