Why We Started
In 2006, a couple of entrepreneurs noticed that the healthcare industry seemed to be getting the whole “technology” thing wrong. Instead of gaining efficiencies for the practice and the care team, healthcare technology created more busy work for everyone. As a result, providers found themselves increasingly interfacing with a computer rather than with their patients.
These IKS entrepreneurs also recognized that the technology burden was impacting more than the exam room. The business office was struggling to keep up while facing pressure to cut costs like never before because of challenges with declining reimbursements, payor complexity, and the need to expand rapidly to keep up with practice growth.
Enter IKS Health
Driven by the mission to create a service model allowing healthcare providers to leverage the power of technology rather than being shackled by it, the IKS Founders identified a visionary investor, Rakesh Jhunjhunwala who shared their mission, hired a few like-minded friends, and in January 2007 found themselves wondering how they’d fill 25,000 square feet of empty office space. Twelve months later, there were 200 employees; within 24 months they hit 600; at three and a half years 1,000. Today, IKS Health stands at over 4,000 employees managing more than $1.5 billion in annual provider-based revenue.
How’d We Grow So Fast?
From day one our goal was to have a measurable impact on our clients’ businesses. The IKS Health methodology involves starting with the end and working back to the beginning. That means working with our clients to determine what their goals are, detailing what they want to accomplish, and then making sure that the solutions achieve those goals, netting results that go right to the bottom line. The end result: business functions that operate on a best-in-class model and are aligned to help the provider organization meet its goals.
Our approach of defining the goal, breaking down the workflow, allocating the work and accountability, defining the metrics, measuring the outcome, and then continually fine-tuning the solution is the foundation of every IKS Health offering.
We’ve grown fast because we told our clients we’d help them reach their goals and then we surpassed them.
The IKS Health Mission
Our mission is to enable the efficient delivery of excellent care. We will deliver on this promise in a manner that makes it a joy for all to work with us; becoming the trusted partner that ensures financial success for our clients and healthier populations in
Solutions that Transform
We've got skin in the game.
We believe in the work we deliver and are willing to tie our compensation to our clients’ success.
We are forward looking. We have forged the knowledge base, partnerships, and execution model to enable our clients to navigate the change from fee-for-service to managing the health of populations.
The IKS Health solution suite has evolved into a 3-braided cord with integrated solutions that work together but also stand-alone:
- IKS MARGIN: Increase revenue, increase collections, reduce the cost to collect
- IKS PRACTICE: Leverage, deploy, optimize, and support the technology provider organizations run on
- IKS CARE: Support and extend the provider, allow them to see more patients more successfully
Alone these solutions create real impact that is felt beyond the boundaries of the function; together these solutions transform our client organizations.