FREDERICK, Md., Aug. 16, 2011 /PRNewswire/ -- AXIOM Systems Inc. (AXIOM), the Healthcare IT Industry Experts, today announced the acquisition of Ivertexo Internet Solutions (Ivertex), a Phoenix, Arizona based company with over 3,500 healthcare clients utilizing their administrative software solutions to support over 15,000 unique healthcare providers. Ivertex CEO Jeff Benjamin will join AXIOM as its Chief Technology Officer.
Since 1999 Ivertex has been on the forefront of developing business solutions, managed hosting, software, and services which simplify HIPAA eCommerce within the provider office and billing service setting. "We are pleased to add Jeff and his developers as part of our team of healthcare IT experts," said Richard Howe, CEO of AXIOM. "The combination of Ivertex and AXIOM will allow us to bring new platforms and products to our many Payer clients and provides us with thousands of new potential Provider clients to accelerate our growth in the healthcare Provider market."
"We are excited to be entering the next phase of our long-term relationship with AXIOM and look forward to expanding our subscription-based, hosted connectivity solutions into the healthcare payer market. We have a solid history of lowering cost per claim for healthcare providers, and our new combined organization will afford healthcare payers that same advantage. This is a win-win for us, our provider organization clients, and healthcare payers nationwide," said Jeff Benjamin, CEO of Ivertex.
AXIOM will continue to enhance the Ivertex SolAce EMC ™ and ClaimShuttle® products to provide more robust revenue and payment cycle features to simplify HIPAA eCommerce, maximize revenue, and further reduce administrative costs.
ClaimShuttle® transports a client's electronic files to and from a Medicare carrier or other destination using secure Internet connections. Clients send claims and receive and view remittances and acknowledgements using an intuitive easy to use web browser interface or automating the process using other secure connectivity protocols.
SolAce EMC™ allows provider offices or billing services to generate claims on-line or via an integration engine that can support any billing or practice management system. SolAce EMC reduces turn-around time of health insurance claims and enhances an organization's revenue cycle management process.
AXIOM's flagship TransSend™ application architecture supports 4010 and 5010 transactions concurrently while minimizing implementation, support and remediation efforts. The TransSend™ Portal module provides Trading Partner management features while enabling providers and payers to view HIPAA EDI transactions as easy to understand business documents. Additional support for HIPAA 5010 mitigation strategies is provided by step up and step down transaction conversion capabilities of AXIOM's HIPAAGen5010™ software.
About AXIOM Systems Inc.
AXIOM, considered the "Healthcare IT Industry Experts", is a privately held information technology company based in Frederick, Maryland which specializes in delivering an array of healthcare IT products and solutions. Driven by the firm's extensive hands on experience and knowledge of the "business of healthcare" and a detailed understanding of the regulatory and technology issues that drive initiatives, including HIPAA 5010 and ICD-10, AXIOM provides market-leading products and high quality solutions to the healthcare industry.
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SOURCE AXIOM Systems, Inc.