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IATRIX

Your Prescription For Fiscal Health

Reduce Your Time For Reimbursement on Claims To 48 Hours and Triple Your Cash On Hand With:

  • No Up-Front Costs

  • No Changes to Staffing Or Processes

  • No Learning Curve Or Time Commitment

  • No Risk

  • Immediate Results​

                 AND

  • Supplement or Eliminate The Need For A Line of Credit With Our Lower Rates and Costs

 

About Us

Our team of doctors and hospital CEO's 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.  

   

 
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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.

 

IATRIX:  The Solution For You And Your Facility

 

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.

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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

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

 

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