Pankaj Akshay: Transforming Medical Billing Industry With Revolutionary Tech-Trends
Pankaj Akshay
President & CEO
The President and CEO of I-Conicsolutions LLC, Pankaj Akshay, has contributed his time and knowledge to help stabilize the cost, human efforts, and market risk to transform the Medical Billing industry. He possesses over a decade strong expertise in the US healthcare and RCM industries, as well as several certifications, accolades, and recognition. Pankaj has completed over 100 successful transitions and process stabilization, working for various organizations over the years. He has always been a powerful mentor and a skilled AR analyst, which helped him rise through the ranks to become CEO his abilities also include starting projects from scratch and quickly setting them on autopilot mode.
In an exclusive interview with CEO Insights, Pankaj spoke about his entrepreneurial journey so far.
What was the driving reason behind your rise from AR analyst to President & CEO of I-Conicsolutions?
Running your firm as a sole owner or as an entrepreneur necessitates a great deal of effort, as well as a distinct vision for how to run that organization and be successful. If we manage that business with dignity, honesty, and passion for the task, it may be tremendously satisfying, stimulating, and profitable. To get through the tough times and complete all of the necessary tasks, entrepreneurs must have complete faith in themselves, their products/services, and the value they provide. This isn't arrogant confidence, but confidence
that comes from under standing andtrusting in your abilities to make a positive difference in the world. When it came to beginning out as an AR analyst and learning about the RCM sector, I was completely focused on looking forward to my senior position or designation and worked and learned accordingly. As a result I felt confident enough to launch my own company, I-Conicsolutions LLC.
Tell us about I-Conicsolutions' position in the Healthcare industry.What distinguishes it from its competitors in the industry?
Your company's success needs to stand out from the competition. While the majority of individuals grasp this notion, far too many firms fail to implement it. If you want to be successful, you must distinguish your company to stand out and get noticed. Otherwise, you'll end up looking like everyone else, making it much more difficult for folks to decide whether or not to work with you. I-Conicsolutions stands out among its rivals in the business because we provide exceptional services to our clients and answer all of their concerns. We concentrate on a specific specialty because attempting to serve everyone will result in no one being served. This is especially true for firms that provide services. Adapting your model or approach for a wide range of businesses is not cost-effective for your firm, and it makes it more difficult for customers to determine whether or not your company is a good fit. Our clients have been amazed and astonished by our ability to do extra work on schedule and at no additional expense and we make every effort to concentrate on long term business rather than a short term business.
Take us around the Healthcare IT services and products offered by the company to its customers.
I-Conicsolutions provides all of the services necessary for a US healthcare provider to handle day-to-day billing activities as well as consultancy to improve cash flow and revenue. To US healthcare providers, we provide both end-to-end and standalone solutions.
I started ICS to provide clients with a cost-efficient, high quality service by adopting fresh and successful ideas and skills that I have gained throughout my 12 year experience in the Healthcare industry
Tell us about I-Conicsolutions' position in the Healthcare industry.What distinguishes it from its competitors in the industry?
Your company's success needs to stand out from the competition. While the majority of individuals grasp this notion, far too many firms fail to implement it. If you want to be successful, you must distinguish your company to stand out and get noticed. Otherwise, you'll end up looking like everyone else, making it much more difficult for folks to decide whether or not to work with you. I-Conicsolutions stands out among its rivals in the business because we provide exceptional services to our clients and answer all of their concerns. We concentrate on a specific specialty because attempting to serve everyone will result in no one being served. This is especially true for firms that provide services. Adapting your model or approach for a wide range of businesses is not cost-effective for your firm, and it makes it more difficult for customers to determine whether or not your company is a good fit. Our clients have been amazed and astonished by our ability to do extra work on schedule and at no additional expense and we make every effort to concentrate on long term business rather than a short term business.
Take us around the Healthcare IT services and products offered by the company to its customers.
I-Conicsolutions provides all of the services necessary for a US healthcare provider to handle day-to-day billing activities as well as consultancy to improve cash flow and revenue. To US healthcare providers, we provide both end-to-end and standalone solutions.
Which milestones in your professional journey have provided you with the most satisfaction?
As an individual, my most significant achievement was establishing I-Conicsolutions, and it appears like I am achieving milestones daily, as each day brings a new set of problems. As an entrepreneur my greatest achievement is to create very constant and stable growth in terms of financial growth, we gained about 650 percent this fiscal year, and in the second year, we gained more than 500 percent which was during the pandemic era.
What are the changes in market behavior that you expect to see in the future, and what opportunities do you perceive? What are your aspirations for the future as an entrepreneur?
I started ICS to provide clients with a cost-efficient, high quality service by adopting fresh and successful ideas and skills that I have gained throughout my 12 year experience in the Healthcare industry. I have worked for several companies where I wasn't able to put my skills to good use for the benefit of my clients for various reasons. I've always wanted to create an environment where my customer feels like they're co-sourcing the business rather than outsourcing it. In addition, I want to create a platform for my employees to feel like partners rather than employees.
What advice would you like to give to aspiring entrepreneurs in this field?
While looking for a partner to assist you to build your company and decrease costs, examine our qualifications, speak with potential clients, and look at our jobs and team members. We're making history with our breadth of knowledge and skill set. I-Conicsolutions is here to help you and your team focus on providing high quality healthcare. Please contact us to see how much of a difference we can make for you. In the field of technology, we're all leaders. We are fully connected with cutting edge technology, allowing us to assist you in increasing production and sales.
Pankaj Akshay, President & CEO, I-Conicsolutions LLC
Pankaj possesses an admirable experience of more than a decade in the US healthcare and RCM industry added with numerous certifications, awards, and recognition.
As an individual, my most significant achievement was establishing I-Conicsolutions, and it appears like I am achieving milestones daily, as each day brings a new set of problems. As an entrepreneur my greatest achievement is to create very constant and stable growth in terms of financial growth, we gained about 650 percent this fiscal year, and in the second year, we gained more than 500 percent which was during the pandemic era.
What are the changes in market behavior that you expect to see in the future, and what opportunities do you perceive? What are your aspirations for the future as an entrepreneur?
I started ICS to provide clients with a cost-efficient, high quality service by adopting fresh and successful ideas and skills that I have gained throughout my 12 year experience in the Healthcare industry. I have worked for several companies where I wasn't able to put my skills to good use for the benefit of my clients for various reasons. I've always wanted to create an environment where my customer feels like they're co-sourcing the business rather than outsourcing it. In addition, I want to create a platform for my employees to feel like partners rather than employees.
What advice would you like to give to aspiring entrepreneurs in this field?
While looking for a partner to assist you to build your company and decrease costs, examine our qualifications, speak with potential clients, and look at our jobs and team members. We're making history with our breadth of knowledge and skill set. I-Conicsolutions is here to help you and your team focus on providing high quality healthcare. Please contact us to see how much of a difference we can make for you. In the field of technology, we're all leaders. We are fully connected with cutting edge technology, allowing us to assist you in increasing production and sales.
Pankaj Akshay, President & CEO, I-Conicsolutions LLC
Pankaj possesses an admirable experience of more than a decade in the US healthcare and RCM industry added with numerous certifications, awards, and recognition.