ibex and Wixcorp Announce Strategic Partnership to Digitally Transform Healthcare Patient Experiences

Rhea-AI Summary

ibex has announced a strategic partnership with Wixcorp to enhance patient financial experiences in healthcare. The collaboration will combine ibex's customer support with Wixcorp's cloud-based revenue management solutions, addressing the growing demand for digital transformation in the healthcare sector. This initiative aims to simplify billing and payment processes, ultimately improving patient satisfaction. Both companies seek to help healthcare providers adapt to market pressures and enhance operational efficiency.

Positive

• Partnership enhances patient financial experience by integrating customer support with cloud-based technology.
• Addresses urgent needs for digital transformation in healthcare, driven by COVID-19 and consumerism.
• Potential to improve operating margins for healthcare providers by simplifying billing and payment processes.

Negative

• None.

Partnership Integrates World-Class Customer Support with Innovative Cloud-Based Technology to Simplify Payment Services and Billing Support

WASHINGTON, June 02, 2021 (GLOBE NEWSWIRE) -- ibex (NASDAQ: IBEX), a global leader in business process outsourcing (BPO) and end-to-end customer engagement technology solutions, and Wixcorp, provider of industry-leading patient-facing revenue management solutions, today announced a strategic partnership that will enhance the patient financial experience across the healthcare vertical.

The movement toward patients as healthcare consumers, COVID-19-driven digital transformation, and sharp financial declines have accelerated the need for digital experiences that combine outsourced billing support with self-pay options that make the patient experience simple and easy. Unfortunately, hospitals and providers are behind the curve when it comes to evolving their business models.

To address this need, ibex and Wixcorp are launching a joint solution that combines industry-leading customer support with a transformative suite of innovative, cloud-based patient financial solutions to increase patient satisfaction by converting traditional financial complexities into a simple, intuitive and engaging experience.

“COVID-19, along with other market pressures, has forced many healthcare organizations to accelerate the digital transformation of their business models as the age of healthcare consumerism takes hold,” said Bob Dechant, CEO, ibex. “We are excited to partner with Wixcorp, combining ibex’s best-in-class customer support with their innovative technology to reduce costs and financial pressure for our healthcare customers, while revolutionizing their patient experience in today’s digital world.”

The ibex Wixcorp solution optimizes the patient journey, providing a consumer-facing revenue management solution that supports and empowers their customers’ patients. This includes technology-driven cost estimation, scheduling, and self-pay payment options all embedded in Wixcorp’s Redde technology platform. Customers also benefit from experienced business process outsourcing provided by ibex, leveraging its world-class contact center operations and customer support agents to provide exceptional billing customer service.

“Future growth and success for the healthcare industry is predicated in large part by providers’ ability to provide patient financial experiences that mirror those in other consumer-driven industries such as retail and banking,” said Eric Wixom, CEO, Wixcorp. “By combining Wixcorp’s innovative Redde technology platform with ibex’s industry-leading global BPO customer support capabilities, our two companies will aim to improve operating margins for our customers, while enhancing their patient satisfaction through the delivery of a digitally transformed customer experience.”

About ibex
ibex delivers innovative business process outsourcing (BPO), smart digital marketing, online acquisition technology, and end-to-end customer engagement solutions to help companies acquire, engage, and retain valuable customers. Today, ibex operates a global contact center of scale consisting of 31 operations facilities around the world, while deploying next-generation technology to drive superior customer experiences for many of the world’s leading companies across retail, e-commerce, healthcare, fintech, utilities and logistics.

ibex leverages its diverse global team of over 24,000 employees together with industry-leading technology, including its Wave X technology platform, to manage nearly 200 million critical customer interactions, adding over $2.2B in lifetime customer revenue each year and driving a truly differentiated customer experience. To learn more, visit our website at ibex.co and connect with us on LinkedIn, Facebook and Twitter.

About Wixcorp
Wixcorp is a premier patient experience company that helps healthcare institutions create custom patient financial experiences. Our suite of patient-facing RCM solutions hosted in the Redde ecosystem help healthcare organizations engage and collaborate with their patients in a unified digital platform. 100% cloud-based and built mobile-first, our solutions have been carefully designed to be quickly deployed and easy to use.

Media and Investor Contact:
Brad Jones
ibex
+1 (720) 643-8731
brad.jones@ibex.co

FAQ

What is the strategic partnership between ibex and Wixcorp about?

The partnership aims to enhance patient financial experiences by combining ibex's customer support with Wixcorp's cloud-based revenue management solutions.

How will the ibex and Wixcorp partnership impact the healthcare industry?

It will simplify billing and payment processes, promoting digital transformation and improving patient satisfaction in the healthcare sector.

What are the benefits of the ibex and Wixcorp collaboration for healthcare providers?

The collaboration is expected to improve operating margins and create a better patient financial experience.

When was the partnership between ibex and Wixcorp announced?

The partnership was announced on June 2, 2021.

What stock symbol is associated with ibex?

The stock symbol for ibex is IBEX.