IKS Health Delivers $12 Million Annual Cash Impact for Axia Women's Health

Inventurus Knowledge Solutions Ltd (IKS Health) announced significant financial and operational improvements for Axia Women's Health, a leading U.S. women's healthcare provider. The partnership, which now covers 100% of Axia's coding volume, has resulted in an annual cash impact of $12 million for Axia. Key performance indicators show a 36% reduction in total denial rate to 5.5%, a 37% reduction in coding-specific denials to 2.4%, and coding accuracy above 96%. Additionally, there was a 10% increase in charges per visit due to identifying missed billable services, a $1.6 million increase in monthly collections, and an improvement in accounts receivable days. IKS Health's role as an outsourced coding partner has helped Axia streamline operations, reduce administrative burdens, and allow clinicians to focus more on patient care.