NSEPress Release30 Jun 2026 · 30 Jun 2026, 05:51 pm
Press Release
Inventurus Knowledge Solutions Limited · IKS
✦ AI Summary▲ PositiveOrder Win
Inventurus Knowledge Solutions Limited, through its subsidiary IKS Health, has announced a press release detailing a $12 million annual cash impact for coding foundation at Axia Women's Health, a leading US women's healthcare provider.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment8/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Inventurus Knowledge Solutions Limited has informed the Exchange regarding a press release dated Jun 30, 2026, titled "IKS Health Delivers $12 Million in Annual Cash Impact for Coding Foundation at Axia Women s Health.".
Attachments (1)
📄pdf
Download →
IKS2006_30062026175030_2026030PressRelease.pdf
View document text
June 30, 2026
BSE Limited National Stock Exchange of India Limited
The Listing Department The Listing Department
Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1, G Block,
25th Floor, Dalal Street Bandra Kurla Complex
Fort, Mumbai 400 001 Bandra (East), Mumbai 400051
Maharashtra, India Maharashtra, India
BSE Scrip Code: 544309 NSE Symbol: IKS
Dear Sir/Ma’am,
Sub: Press Release - IKS Health Delivers $12 Million in Annual Cash Impact for Coding Foundation at
Axia Women’s Health.
Enclosed is a copy of the Press Release titled “IKS Health Delivers $12 Million in Annual Cash Impact for
Coding Foundation at Axia Women’s Health.”
The Press Release is self-explanatory.
We request you to take this on record.
Thanking you.
Yours sincerely,
Inventurus Knowledge Solutions Limited
Sameer Chavan
Company Secretary and Compliance Officer
Membership No. F7211
Encl: As above
IKS Health Delivers $12 Million in Annual Cash Impact for Coding Foundation at Axia Women’s Health
Partnership scaled to include 100 percent of coding volume as IKS Health delivered measurable
improvements in coding accuracy, charge capture, and overall revenue cycle management performance
Mumbai, India | Dallas, TX – June 30, 2026 – IKS Health, a global leader in care enablement solutions
supporting clinical, administrative, and financial efficiencies across the patient journey, is proud to
announce new coding case study results, including $12 million in annual cash impact for Axia Women’s
Health, a leading U.S. women's healthcare provider with over 450 clinicians operating across New
Jersey, Pennsylvania, Indiana, and Kentucky.
In addition to $12 million in annual cash upside, Axia data also show:
● 36 percent reduction in total denial rate to 5.5 percent
● 37 percent reduction in total coding-specific denials to 2.4 percent
● Coding accuracy above 96 percent
● 10 percent increase in charges and CPTs per visit due to identifying potentially missed billable
services
● $1.6 million increase in monthly collections to $14.3 million
● Improvement of 1.3 days to 38.7 days in accounts receivable status
As Axia Women’s Health scaled its multi-site network of OB/GYN practices, breast health centers, high-
risk pregnancy units, laboratories, urogynecology services, and fertility centers, IKS Health increased
coding volume to 100 percent of sites, up from 60 percent, giving clinicians and care teams more time to
spend with patients and less time on administrative tasks while providing consistent, high-quality
patient care.
“By taking on our most complex coding challenges, IKS Health created more time in our care center
team’s schedules to truly focus on what matters: patient care,” said Michael Petit, CFO at Axia. “The
financial results speak for themselves: improved charge accuracy, reduced denials, and $12 million in
projected cash upside. But what matters most is that our clinicians can now practice at the top of their
license, unburdened by administrative complexity.”
IKS Health coders worked as an extension of Axia’s clinical and billing teams, validating clinician-entered
CPT codes against supporting documentation to help ensure claims accurately reflected the level of care
delivered. Regular chart reviews were used to identify opportunities to strengthen accuracy and support
appropriate reimbursement, including aligning evaluation and management levels with supporting
documentation and identifying and coding potentially missed billable services.
“We take pride in creating a medical coding foundation for Axia Women’s Health as their outsourced
coding partner, standardizing processes, achieving performance benchmarks, and delivering consistent
quality across sites,” said Gaurav Jain, Executive Vice President, Delivery, Clinical Support Solutions &
Digital Health Solutions, IKS Health. “By reducing rework, denials, and administrative friction, our model
helps restore time, focus, and confidence for clinical and operational teams.”
Access the full Axia coding case study on the IKS Health website.
About IKS Health
IKS Health reduces the administrative, clinical, and operational burdens that slow healthcare down,
giving clinicians and care teams the freedom to focus on delivering exceptional care. Through its Care
Enablement platform, IKS Health integrates agentic AI workflows with human expertise to create
smarter, more accurate operations, better outcomes, and financially sustainable growth across the care
journey. Founded in 2006 and recognized by Black Book as the top provider of AI-driven RCM services,
by KLAS for performance and client satisfaction, and by Google Cloud with a DORA Award for
“Augmenting Human Expertise with AI,” IKS Health partners with the largest health systems, physician
groups, and specialty practices across the United States. Learn more at ikshealth.com.
Inventurus Knowledge Solutions Limited is listed on National Stock Exchange of India Limited (NSE) and
BSE Limited (BSE). {Scrip codes: NSE - IKS and BSE - 544309}
About Axia Women’s Health
Axia Women’s Health is the nation’s largest community-based, integrated women’s health network in
the country serving women throughout New Jersey, Pennsylvania, Indiana, and Kentucky. At its core,
Axia Women’s Health is a community of over 400 providers across nearly 150 locations committed to
providing a more caring, connected, and progressive health care experience for women. Its rapidly
growing network spans OB/GYN care, breast health, high-risk pregnancy care, urogynecology care,
behavioral health, and fertility. Together, Axia Women’s Health puts women first by delivering the
personalized care needed for women to lead healthier, happier lives. Axia Women’s Health has been
recognized as the #1 Physician Practice for Women’s Health by Castle Connolly and certified as a Great
Place to Work for five consecutive years. Learn more at www.axiawh.com.
MEDIA CONTACT - IKS HEALTH INVESTOR RELATIONS CONTACT - IKS HEALTH
Sameer Arora Saransh Mundra
Senior Vice President Vice President
press@ikshealth.com investor_relations@ikshealth.com