{"id":54696,"date":"2023-03-09T18:05:56","date_gmt":"2023-03-09T17:05:56","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/an-ounce-of-prevention-is-better-than-a-pound-of-cure-iks-health-makes-a-strategic-investment-in-sift-healthcare-to-accelerate-its-move-to-preventative-instead-of-reactive-revenue-cycle-management\/"},"modified":"2023-03-09T18:05:56","modified_gmt":"2023-03-09T17:05:56","slug":"an-ounce-of-prevention-is-better-than-a-pound-of-cure-iks-health-makes-a-strategic-investment-in-sift-healthcare-to-accelerate-its-move-to-preventative-instead-of-reactive-revenue-cycle-management","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/an-ounce-of-prevention-is-better-than-a-pound-of-cure-iks-health-makes-a-strategic-investment-in-sift-healthcare-to-accelerate-its-move-to-preventative-instead-of-reactive-revenue-cycle-management\/","title":{"rendered":"An ounce of prevention is better than a pound of cure: IKS Health makes a strategic investment in Sift Healthcare to accelerate its move to preventative, instead of reactive, Revenue Cycle Management"},"content":{"rendered":"
\n

DALLAS–(BUSINESS WIRE)–IKS Health is a healthcare Provider Enablement Platform that enables providers to deliver better, safer and more efficient care through a strategic blend of technology and expertise. IKS\u2019 solutions help provider groups create a physician-led and patient-centric care delivery model. IKS enables providers to be the co-navigators of the patient\u2019s care journey through the continuum of care, with the aim of restoring joy and viability to the practice of medicine by giving providers the tools and resources they need to focus on what matters most – the patient.\n<\/p>\n

<\/a><\/p>\n

\nIKS Health announced today that it made a strategic investment in Sift Healthcare, a provider of advanced decision support solutions focussed on denials and patient payments.\n<\/p>\n

\nThe healthcare reimbursement journey continues to be very arduous and punctuated by a myriad of issues at every stage. While the accelerated deployment of automation has helped alleviate the burden to an extent, these point-solution focused, reactive interventions have underwhelmed in their promise to deliver significant overhaul of the system. Resulting incremental improvements in most instances have gone only as far as impacting the individual functions. While outcomes have improved due to more automation of individual tasks across the value chain, the overall journey still feels disjointed.\n<\/p>\n

\nAt IKS, we have been working on re-imagining a futuristic platform built on the chassis of prevention with the ability to fully automate a large number of administrative tasks. Integrating Sift\u2019s denial prioritization and patient pay solutions within IKS\u2019 Autonomous Administrative Journey Platform (\u201cAJPA\u201d<\/sup>) will help us accelerate our transformation of administrative tasks from management to prevention.\n<\/p>\n

\n\u201cOur investment in Sift Healthcare reflects our commitment to delivering the most advanced revenue cycle management solutions to our clients,\u201d said Sachin K. Gupta, Founder & CEO, IKS Health. \u201cWe are excited to partner with Sift Healthcare as their product\u2019s integration with IKS\u2019 Administrative Journey Platform will create new efficiencies across the revenue cycle while facilitating improved decision-making. Together, we will help provider enterprises to reduce preventable waste, improve cash velocity, and enhance the viability of practice of medicine.\u201d\n<\/p>\n

\n\u201cSift\u2019s mission is to enable healthcare organizations to leverage the full scope of their data to drive efficiency and improve financial and operational outcomes. IKS Health shares in this vision, and their focused expertise and reputation in the ambulatory care market make them an ideal partner to further our mission,\u201d said Justin Nicols, Founder and CEO of Sift Healthcare, \u201cIKS is a strategic investor who recognizes the immediate impact of Sift\u2019s technology on the revenue cycle, as well as longer-term opportunities for joint innovation and solutions.\u201d\n<\/p>\n

\nThe IKS and Sift teams will work jointly to bring their solutions to their existing customer install base as well as to provider enterprises across the country that are struggling with increasing operating costs, high input cost inflation, changing payer and regulatory rules and evolving consumer preferences. IKS Health\u2019s latest investment in Sift Healthcare demonstrates its commitment to enabling provider enterprises to succeed in a complex and competitive environment through pragmatic technology and clinical expertise.\n<\/p>\n

\nAbout IKS Health<\/b>\n<\/p>\n

\nIKS Health\u2019s healthcare Provider Enablement Platform delivers data-driven value and expertise across the care journey that enables provider enterprises to achieve clinical, financial and operational excellence at scale. Supporting health care providers through every function of the patient visit, IKS Health is a partner for provider enterprises looking to effectively scale, improve quality and achieve cost savings through integrated technology and forward-thinking solutions. Founded in 2006, the 6,500+ member strong workforce at IKS Health includes over 1,200 physicians, over 300 technology experts, supporting large health systems across the United States. For more information, visit ikshealth.com<\/a>.\n<\/p>\n

\nAbout Sift Healthcare<\/b>\n<\/p>\n

\nFounded in 2017, Sift Healthcare is a Milwaukee-based healthcare payments analytics and data science company. Sift\u2019s Payments Intelligence Platform, machine learning integrations and Rev\/Track Insights Suite enable healthcare providers and payers to fully leverage their payments data to accelerate insurance reimbursement, improve patient payment strategies and optimize revenue cycle efficiency. Learn more about Sift Healthcare at sifthealthcare.com<\/a>\n<\/p>\n

Contacts<\/b> <\/p>\n

\nIKS Health:<\/b>
Siddharth Thakkar
\n
VP Product & Marketing, IKS Health
\n
945.300.8768
\n
siddharth.thakkar@ikshealth.com<\/a>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

DALLAS–(BUSINESS WIRE)–IKS Health is a healthcare Provider Enablement Platform that enables providers to deliver better, safer and more efficient care through a strategic blend of technology and expertise. IKS\u2019 solutions help provider groups create a physician-led and patient-centric care delivery model. IKS enables providers to be the co-navigators of the patient\u2019s care journey through the … [Read more…]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-54696","6":"format-standard","7":"category-industry"},"yoast_head":"\nAn ounce of prevention is better than a pound of cure: IKS Health makes a strategic investment in Sift Healthcare to accelerate its move to preventative, instead of reactive, Revenue Cycle Management - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/an-ounce-of-prevention-is-better-than-a-pound-of-cure-iks-health-makes-a-strategic-investment-in-sift-healthcare-to-accelerate-its-move-to-preventative-instead-of-reactive-revenue-cycle-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"An ounce of prevention is better than a pound of cure: IKS Health makes a strategic investment in Sift Healthcare to accelerate its move to preventative, instead of reactive, Revenue Cycle Management - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"DALLAS–(BUSINESS WIRE)–IKS Health is a healthcare Provider Enablement Platform that enables providers to deliver better, safer and more efficient care through a strategic blend of technology and expertise. 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