13:28 pm est
Source: Naples Sun Times Local News East Sector
"Local state company signs contract with Florida hospital"
The IBX group has signed a multi-year contract to provide hosting and processing of medical claims for New Osceola Medical Center.
CELEBRATION, FL – August 18, 2008 – The IBX Group Inc.(IBXG OTCBB) is underway on their installing and training their state of the art billing and processing software in conjunction with their newly signed contract with NOMC. Based in Deerfield Beach Fla with an office in Clearwater, IBX is a leading health care processer in Central and Southwest Florida.
Under its contract with The Turner-Whiteng Contracting Company, IBX will supply and install their health care software and directly handle all medical claims and billing at the Osceola Medical Center. The initial project is scheduled for completion in October 2008, with billing practices starting in November 2008.
“State-of-the-art billing and patient record systems are a complex and essential component of today’s critical hospital environments. We are pleased to work on a project that will bring healthcare facilities to our community,” said William M. Dillard, Chief Executive Officer of NSMC.
Details of the contract have not been officially released, but experts predict more then $45 million pass through the NSMC system on a yearly basis. Average payout for claims processers in 2007 exceeded 12%.
Nancy Jargous is a business reporter for Naples Sun Times East Sector. All opinions and views are welcome.
