Increased practice size and improved collections with a unified RCM solution

About the gastroenterology network

A network of gastroenterology practices offering specialized care and advanced treatment plans to address the entire spectrum of digestive health conditions.

Multiple platforms, no single view of the business

A centralized CBO and a unified dashboard

IKS Health, with its RCM solution suite, created a centralized combined business office structure that freed the provider to focus on integrating more practices into the system. The team standardized workflows and processes to improve collection efficiency and effectiveness, and built a unified dashboard platform that consolidated data from multiple sources into a single, holistic view of the business. Underpinning it all, IKS Health deployed its proprietary technology to manage workflow and monitor key business metrics.

Reduction in days sales outstanding and increase in net payments per visit with IKS Health

The engagement lowered cost, freed up cash, and gave the group the financial footing to take on value-based care. A compliant coding solution enabled accurate risk capture, net revenue rose by 1.5 percent, and the engagement expanded to include IKS Scribble and IKS Health’s prescription renewal management solution to further lift physician productivity and outcomes.

11 days

Reduction in days sales outstanding, from 40 to 29

8.9%

Increase in net payments per visit, from $303 to $330

3 to 11

Growth in practices supported by the unified CBO