About iBX Group
IBX Group, Inc. engages in the development and deployment of methods for integrating financial, administrative and information services for the healthcare industry. iBX operates under five divisions: ibx Technologies, which enables healthcare organizations to maximize their accounts receivables; Florida Healthsource, a network of physical therapy and wellness centers; Medicompliant Solutions, which ensures medical practices' compliance with today's complex legal requirements; Ibx Transcription Services, which offers physicians quick turn-around and Web-accessible progress reports; Nursesstat, which deploys staffing administration technology to healthcare facilities and provides temporary staffing solutions; SportshealthNet.com and TheNetDigest.com, interactive Web portals providing patients with comprehensive healthcare information and advice, and increasing physician referrals. iBX Technologies iBX Group's iBX Technologies division creates and deploys innovative solutions for the healthcare industry including equipment integral to the operations of iBX Transcription Services, and technology used for the development of paperless offices, medical record management and storage, inventory control, and other developing applications. iBX Technologies has created online order entry/inventory control systems, hand-held wireless PC applications and other interactive, real-time applications that help reduce administrative paperwork and expedite data input and updating. With the help of iBX Technologies, healthcare providers are able to access current inventory or billing files from their office workstations or wireless hand-held devices, and instantly update operating and accounting files. In addition, this division operates iBX's core business, accounts receivables management, which that enables an array of hospital-based physician groups, medical practices and ancillary healthcare organizations to achieve their financial objectives. Through work-flow analysis, reporting and online access to data, iBX Technologies enhances communication between all involved parties. Florida Healthsource iBX is the owner of Florida HealthSource, LLC, a statewide network of healthcare clinics and a workers' compensation referral network for rehabilitation services throughout Florida. During 2004 the company opened a multi-disciplinary healthcare facility in Boca Raton, Florida that offers physical therapy, occupational medicine, pain management and chiropractic care. iBX recently acquired a a pulmonary rehabilitation clinic in Delray Beach, Florida and is exploring opportunities within several other medical disciplines. In addition, Florida HealthSource is a provider of comprehensive healthcare services in the areas of chronic pain and job-related injuries, meeting the needs of Florida's employers and payers. Medicompliant Solutions IBX's MediCompliant Solutions division is a healthcare legal services organization that enables healthcare providers to achieve and maintain compliance with today's increasingly complex government regulations. The company concentrates on providing legal expertise regarding the comprehensive patient privacy and portability requirements of the Health Insurance Portability and Accountability Act (HIPAA) and the new electronic billing standards required for Medicare reimbursement. In 2003, MediCompliant Solutions entered into an agreement with Paris Health Services, a developer of comprehensive EDI transaction and compliance software for the healthcare industry, to provide hospitals, physician groups and ancillary healthcare organizations access to all general Medicare compliance risk areas identified byOffice of the Inspector General, as well as the issues covered by the HIPAA privacy and security standards. ibx Transcription Services iBX Transcription Services offers healthcare providers complete medical transcription and dictation services, and provides a platform for IBX Group's digital online dictation/transcription product and document management service, along with the workflow services associated with it. Nursesstat NursesSTAT offers a technological solution to this ongoing issue: an Internet-enabled, automated system that puts nurses and hospitals together, allowing hospitals to better utilize their own nursing pools, reduce dependence on staffing agencies and provide nurses with greater autonomy and job satisfaction. Contracts are in place at several prominent hospitals in South Florida. Theratouch In 2003, iBX acquired rights to Theratouch, which is a programmable interactive massage device using robotic technology to provide users with a complete massage from the neck to calf. iBX is marketing Theratouch to physical therapy centers, chiropractors, hotels and fitness clubs. Sportshealthnet.Com iBX Group, Inc., owns SportsHealthNet.com, an interactive Web portal that attracts high levels of consumer traffic by providing comprehensive healthcare information and advice, and helps participating physicians increase the number of referrals to their practices. SportsHealthNet specializes in sports medicine-related issues and provides a wealth of information regarding exercise, nutrition and ways to prevent common injuries, as well as links to other health-related sites. Competition The company’s principal competitors in the practice management market include WebMD, HealthSouth and ProxyMed. History iBX Group, Inc. was organized under the laws of the State of Florida in 1997.